Resources
The Importance of Setting Borrowers’ Expectations for the Appraisal Process
People like to know what to expect. This is true in all relationships — both in and out of the business world. Of particular importance to commercial lenders is applying this truth to the appraisal process. Borrowers who know what to expect are better prepared for what lies ahead. Not only that, being upfront with […]
Read MoreWhat Banks Should Look For In An Appraisal Review Company
Following the Great Recession, the reputations of banks and appraisers suffered tremendously. The result has been increased scrutiny followed by more regulations and oversight. Whenever that is the case, the inevitable consequence is increased costs. The largest financial institutions can absorb those costs, but the vast majority of small to mid-size banks cannot. At least […]
Read MoreWhy Would A Bank Outsource Its Appraisal Process?
Banks are squeezed now more than ever by the increased costs of compliance on one side, and the need to process new business in a competitive environment on the other. The problem is further compounded by the fact that not only must new projects be properly vetted, so too must existing loan portfolios. The end […]
Read MoreWho Is Oxford Commercial Appraisal Management?
On this blog we will primarily share information of value to people in the lending industry. This particular post, however, is an exception. Because we’re launching our new website, it seems appropriate to introduce – or reintroduce – ourselves. I started this company back in 1994, which was far from the ideal time to do […]
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