TraKLogix offers an appraisal management software to make the lives and daily work of bankers and real estate agents easier. This software is cloud based, so worrying if you are working on an updated version and keeping up with the latest regulations, to be sure you are in compliance is, if not totally a thing of the past, much easier. Precision and accuracy are what will give you the edge and you get the edge through TrakLogix software.
What’s the big deal with appraisals anyway?
If you are the bank lending the money to a prospective home buyer, it is important to know that the worth of the home will actually cover the loan in the case of a default. If the house comes in a significant amount under the value of the loan, the loan may be in jeopardy. If the amount is just under the loan amount, it can be assumed that normal appreciation rates will ensure that the house will indeed cover the loan amount. From the buyer’s perspective, if the home appraisal comes in significantly lower than the purchase point, renegotiations may need to take place. In any case, your loan application is in most cases contingent on the result of the appraisal.
A sale of a home is almost always contingent on three things: the appraisal, the inspection and, of course, the lender approving the financing. In the world of appraisal management, your efficiency is contingent upon, precision and accuracy are what will give you the edge and you get the edge through TrakLogix software.