The Mortech Blog

855.298.9327

Is Your Appraisal Process Slowing You Down?

Posted by Jeff Schneider on May 3, 2012 1:25:00 PM

Appraisal Process SlowHow many times have you heard the mortgage industry is changing? After all, isn’t change what defines an industry? If there were no variables and barriers, everyone and anyone could be a successful mortgage banker. Truth is, the only constant in our industry is change.  Some changes are temporary and some are inflection points that are sure to change the identity of the industry forever.

While ten or fifteen years ago it was understandable to be a skeptic of incorporating online tools into your loan process, today’s most successful businesses, whether a fortune 500 company or a local boutique, have accommodated online strategies into their former strictly brick-and-mortar model.

In the mortgage industry it’s understood that getting to the lead in an efficient manner has a big impact on your bottom line. What happens when your competition gets to the prospect before you? The online customer experience starts at lead inception and doesn’t stop there.

Take for instance ordering appraisals. Some loan officers are still ordering appraisals through phone lines and on pieces of scratch paper. The appraisal process boils down to two things you should be concerned about:

  • Is my appraisal compliant with industry standards?
  • Is my appraisal accurate?

Not only does ordering your appraisals online meet these two requirements, but most online appraisal ordering platforms have the capability to transfer this content securely to your LOS - making it the most efficient median.

It comes down to one question. Do you want to embrace the future of lending or resist it until it’s an industry standard?

How do you currently order your appraisals? Learn how to order appraisals the MarksmanLMP way. 

 

photo courtesy of degelia

 

Topics: appraisal management

Leave a Comment

News & Events

 Get the latest Mortech and mortgage industry happenings here. Industry buzz, product announcements, Mortech news, training tips and more!

Subscribe to Email Updates