"What does everyone think about these new appraisal management companies that are required by Chase and Fifth Third? It looks like this is the wave of the future in the wholesale/broker business. The appraisals cost more and you won't find out if there are any value issues until the fee is paid and the appraisal is complete - so much for getting an idea of value from the appraiser prior to spending the clients time and money. The mortgage bankers I know are not seeing this on the correspondent..."
View Post