Professional Efficient Service
ARMR is dedicated to providing excellence to its clients and their customers. As a full-service Appraisal Management Company serving all of Florida, their clients expect and receive the highest level of professionalism found in the industry.
With the utilization of leading-edge technology and high-quality control standards, ARMR can provide the most efficient service to their clients. In turn, their clients can give the consumer a better experience throughout the mortgage process. Since everything hinges on the valuation from the appraiser, ARMR takes the efficiency, quality, and service the next level.
ARMR maintains a pool vetted, qualified, and competent appraisers covering every county in Florida. Thorough ARMR’s rigorous due diligence and monitoring, the appraisers utilized are experienced in the coverage area they are servicing. ARMR’s policies and procedures ensure appraisers are knowledgeable, proficient and maintain professionalism throughout the process.
ARMR’s role in the Mortgage Process
When a consumer is purchasing or refinancing a home, the mortgage lender will require an appraisal of the property in order to obtain the market value of the property to be mortgaged. Most mortgage lenders use a company like ARMR an appraisal management company (AMC), to manage this process.
To the average consumer, this may seem unnecessary. Why involve ARMR in the process? The answer is that ARMR adds an essential layer of oversight to the appraisal process. After the 2008 real estate market crash that led us into the recession, federal laws regulating mortgage lending changed and began requiring oversight between mortgage lenders and the property appraisers. The new mortgage lending regulation laws now require separation between loan production staff and those selecting the appraiser. The purpose of this process is to ensure the consumer that the appraisal received comes from an unbiased and unrelated appraiser.
This is where ARMR comes in. ARMR verifies the appraiser’s qualifications and licensing requirements, with strict guidelines in place for those who make it into the pool of qualified appraisers. ARMR handles all communications with the selected appraiser, and with a system designed to meet the needs of both lenders and appraisers, is able to provide the highest levels of security, professionalism, and service.
The Appraisal Process
Are home appraisals important to the Consumer? When you Purchase a Home or Refinance your mortgage, everything hinges on the valuation of your home. Your home’s value is one of the most significant factors, involved in the mortgage process. The lender uses the appraisal to determine how much they are going to lend you, based on the market value of your home. Since an appraisal is an appraiser's professional opinion of a home’s value, if you're thinking about purchasing or refinancing, you want the industry’s most knowledgeable and professional appraiser valuating your home.
The appraisal is an unbiased opinion of the value of what a home is worth. The appraiser will measure your home, take pictures, and record the current age, condition, and any improvements made to the property. They determine the location of the property and compare it to recent sales information, and neighborhood data to determine the property's value. They will not be taking your décor or furniture into account. However your landscaping and "Curb Appeal" are important factors to the marketability and valuation process.