ValuFinders Survey Reveals Appraiser Ordering Processes Vary

Posted by Orb Staff on October 07, 2008 No Comments
Categories : Residential Mortgage

More appraisers are using technology to fulfill appraisal orders, according to a recent survey conducted by ValuFinders Inc., a provider of valuation services to national lenders, brokers and government agencies. The survey also revealed a limited use of appraisal management companies (AMCs).

Survey results showed that 58% of appraisers stated that they use e-mail as the main delivery method of obtaining and delivering appraisal orders. From the remaining appraisers, 18% use an online service.

In addition, 40% responded that only one-fourth of their clients employ an online ordering system, while 32% answered that between one-half and three-fourths of their clients use them, ValuFinders says.

Finally, the company found that 56% of appraisers surveyed use AMCs for one-fourth or less of their business. Notably, 52% of all those surveyed do not foresee that percentage increasing in the future.

Source: ValuFinders

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