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Some lenders are relying on “enhanced exterior appraisals,” explains James Crumpler, a licensed real estate appraiser based in West Palm Beach, Florida. When buying or selling a home, an appraisal is typically done in order to verify the sale price of the home is in line with fair market value. This ensures the homebuyer doesn’t pay more than what the home is worth, and the mortgage lender doesn’t lend more than what the home is worth. Since the home serves as the borrower’s collateral, an accurate appraisal is vital. Problems pertaining to home appraisals are the second-biggest cause of delayed loan settlements, however, according to the National Association of Realtors. This allows an Appdome-Built app to adjust the encryption model on the fly inside the Appdome framework and achieve optimal…
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