In a perfect world, where appraisers and mortgage brokers skipped down the street together handing daisies out to passers by, collections wouldn't be an issue. "Collections" would in fact mean stamps, or Beanie Babies, or maybe your prized full catalog of James Taylor LPs.
We're flipping the switch today (if it were only that simple!) and transitioning the Mercury Network over to our XSites Network system. This is going to mean some very positive changes.
Client pressure is arguably the biggest issue residential appraisers face. The recent Responsible Lending Act, bill H.R.1295, introduced in the House of Representatives last month (see our March 29 item), includes some marginal steps to curb it. We are enthused that a predatory lending and mortgage fraud bill covers client pressure on appraisers at all, […]
When we launched the XSites Network – then called the Mercury Network – in 2001, we leveraged the industry’s most sophisticated infrastructure and largest pool of appraiser users to create an invaluable resource for mortgage originators. It hasn’t taken long for the biggest players in the industry to realize that and take advantage. Last week […]
You know the old adage: A satisfied customer will tell two people, but an angry customer will tell everyone he or she knows. The lucrative referral business you receive is highly dependent on the experience your clients have with their mortgage transaction. One of the easiest ways to find out whether your client had a […]
When we launched the XSites Network – then called the Mercury Network – in 2001, we leveraged the industry's most sophisticated infrastructure and largest pool of appraiser users to create an invaluable resource for mortgage originators. It hasn't taken long for the biggest players in the industry to realize that and take advantage.
Few people enjoy negative feedback, but sometimes it’s necessary to know what your strengths and weaknesses are in order to sharpen your skills as an agent. One way to do that is to ask your customers to fill out a customer satisfaction survey after their transaction with you. A survey not only helps your craft, […]
The home-buying season typically heats up with the arrival of Spring, but this year the temperature isn't the only thing rising. The 30-year mortgage rate rose to 6.01 percent last week, according to Freddie Mac, and many real estate analysts predict that they will continue to rise over the next few months. When interest rates […]
Few people enjoy negative feedback, but sometimes it's necessary to know what your strengths and weaknesses are in order to sharpen your skills as an agent. One way to do that is to ask your customers to fill out a customer satisfaction survey after their transaction with you. A survey not only helps your craft, […]
A new bill introduced in the House of Representatives would update the federal appraisal regulatory scheme to "enhance appraiser education and licensing, to improve Federal oversight of State appraisal programs, and to augment appraiser independence," according to a press release issued by Rep. Bob Ney (R-OH), Chairman of the Subcommittee on Housing and Community Development, […]
