Appraisal Applications for Norwest Mortgage

Mortgage lenders have traditionally been major consumers of real estate appraisal services. Each time someone applies for a home equity loan or a lender sells their loan portfolio to another lender, appraisals are involved. With the high cost of sending a skilled appraiser out to each property, lenders have looked for ways of minimizing the need for physical appraisals. Using analysis techniques developed by a veteran real estate appraiser, Art & Logic developed a series of appraisal applications that utilize sales data available from online services. more...

Mortgage lenders have traditionally been major consumers of real estate appraisal services. Each time someone applies for a home equity loan or a lender sells their loan portfolio to another lender, appraisals are involved. With the high cost of sending a skilled appraiser out to each property, lenders have looked for ways of minimizing the need for physical appraisals. Using analysis techniques developed by a veteran real estate appraiser, Art & Logic developed a series of appraisal applications that utilize sales data available from online services. In many cases these software tools have eliminated the need for a physical appraisal, reducing costs for lenders.

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