Harrisburg, NC -- (SBWIRE) -- 10/23/2020 -- "The US Real Estate Appraisal Market (2019-2023 Edition)" research study is segmented on the basis of applications, technology, geography and types. The report provides a detailed The US Real Estate Appraisal Industry Overview along with the analysis of industry's gross margin, cost structure, consumption value, and sale price. The leading companies of the The US Real Estate Appraisal Market, manufacturers, and distributors are profiled in the report along with the latest Industry development current and future trends.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Company Coverage
CoreLogic, Inc.
Real Matters, Inc.
Wells Fargo & Company
JP Morgan Chase & Co.
Executive Summary
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 co-ordinator 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.
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This report on Global The US Real Estate Appraisal market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for The US Real Estate Appraisal. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of The US Real Estate Appraisal Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of The US Real Estate Appraisal Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
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