My former employer bought a fair number of small banks in my tenure there. Buying banks is a great way to expand operational footprint into new markets or solidify existing market share. But this seemingly beneficial short-cut to grow a bank’s business comes with hidden pitfalls. Most cr ...
It seems that nothing is as simple as it once was. Take, for example, appraisal ordering for loan production. Years ago this was a straightforward process of calling a few appraisers you know, getting a few bids, selecting the appraiser, and stuffing the delivered appraisal in the collateral file. ...
I heard it in my many years as a bank review appraiser who bid and engaged appraisers and I hear it now from banks that I assist with consulting services. The loan amount is low, often below $250,000, and the appraisal fee is high. The loan officer blows a gasket and the borrower threatens to walk t ...
For those who have not heard, the Louisiana Bankers Association is sponsoring a series of six webinars that will cover a variety of appraisal topics. Each webinar will be an hour in length. It may seem like a bit of shameless self-promotion to mention this webinar series in a blog posting, as I will ...
I am shifting my focus today to something that even appraisers can get wrong: build-to-suit properties. Part of the reason for their confusion is that appraisal literature does not contain a definition of this term. Banks need to be aware of the risks associated with lending on build-to-suit propert ...
