No products in the cart.
Continuing from the last post, after reviewing the borrower, let’s talk about the property itself. Property underwriting mainly involves examining the appraisal report and the property title.– Is the appraisal company licensed and accredited?– There’s a list circulating within the industry known as the “bank approved appraisal company” list. If the appraisal company isn’t on this list, we generally don’t accept it and instead request a report from a designated appraisal company. In major cities, there are only a few top-tier appraisal companies used by banks, making it easy to remember. However, in more remote areas, it’s safer to use... Continue reading