Sep 28, 2020 (Market Insight Reports) -- The Market Insights Reports has published the obtainability of a new statistical data to its repository titled as, Real Estate Appraisal Market . It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.
You can click on the link to get a copy of the sample report:
Top Key Players in the US Real Estate Appraisal Market: CoreLogic, Inc., Real Matters, Inc., Wells Fargo & Company, JP Morgan Chase & Co. and Other.
Real Estate Appraisal Market Scope:
The report titled The US Real Estate Appraisal Market (2018-2022 Edition) provides an in-depth analysis of the US appraisal market by value, by volume, by number of AMCs, employment status, etc.
The US Real Estate Appraisal market has been on a declining trend since 2013; due to increased regulations in the industry, as a result of which several appraisers switch to other fields of work within a span of five years.
The US Real Estate Appraisal Market is further expected to depict a downward trend from 2018-2022 due to barriers to entry, low technology penetration in the industry, restricted demand for appraisers based on the region, etc. Yet there are certain trends in the industry such as US mortgage market development, amendments in dodd-frank, fragmented market share of mortgage lenders, etc.
Mortgage is a loan in which the house functions as the collateral. The banks or the mortgage lenders, loan a large chunk of money that is around 80% of the price of home that the borrower is required to pay back with interest over a set period of time. On failure of repaying the loan, the lender takes the home through a legal process known as foreclosure. The mortgage lending process includes Lenders, Appraisal Management Companies (AMC), Appraisers, Title & Closing Companies, Title Agents, and Title Insurers.
An appraisal is a document that establishes an opinion of value for a property. Appraisals can be performed for a variety of reasons, although the most common reason is to help a lender establish the value of the collateral that is associated with a mortgage loan. In the US, most mortgage transactions require an appraisal, which needs to be performed by a certified appraiser.
Financial crises have played a critical role in shaping the relevant regulations to the appraisal process. The appraisal of a property could be done either in-house or through third-party known as Appraisal Management Company (AMC).
An AMC serves as a coordinator between the bank and a panel of independent third-party appraisers, who do the actual appraisal work.
The AMCs are either traditional AMC in which the appraiser visits the property site to assess the value of the property or Digitalized version of AMC known as Automated Valuation Model (AVM).
An AVM can come up with a property value much more quickly, and at much lower cost, than a human appraiser, by applying a valuation model of some sort against various sets of data. The AVMs has their own set of features and shortcomings that may evolve with time. The AVMs are at a niche stage of penetration in the US currently.
Explore Full Report with Detailed TOC Here:
Customization of this Report: This report could be customized to the customer's requirements. Please contact our sales professional ( firstname.lastname@example.org ), we will ensure you obtain the report which works for your needs.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides US and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
Note: – All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.