Data Facts Lending Solutions Blog

How Do Appraisers Calculate Building Size?

Posted by Matt Holmes

Jun 15, 2020 9:02:00 AM

Our licensed and certified appraisal review staff comes across appraisals on nearly every property type. Sometimes, lenders or property owners ask us for our opinion regarding building size- how is it calculated and what factors go into it? The answer is more complex than you might think. Living area is one of the most important aspects of a home, but it is often one of the most misunderstood. 

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Topics: Appraisal, Appraisal Management, AMC

Appraiser Independence: What Is It, and Why Is It Important?

Posted by Matt Holmes

May 11, 2020 9:02:00 AM

Just as having an impartial jury is essential to a fair justice system, having unbiased appraisers is essential to the mortgage industry. All too often we see lenders, brokers, or real estate agents who use shady tactics to collude with appraisers and artificially impact the appraised value of the property. This is called appraiser pressure. Many appraisers consider appraiser pressure to be one of the biggest issues facing appraisers today.

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Topics: Appraisal, Appraisal Management, AMC

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