TrendSource Trending Blog

TrendSource has been in the compliance business for quite some time, building expertise and efficiency in disparate but complimentary business sectors, helping a diverse set of clients document and manage their compliance efforts.

Desktop Appraisals have helped modernize and streamline the loan process for borrowers and lending institutions alike. But what are desktop appraisals, who uses them, and how can they be supported?

As we pointed out in last week’s compliance blog, appraisals are tough business. They require training, expertise, and certification…they are expensive, and they are mandatory.

Let’s face it: Appraisals are tough. They are time-consuming, they are costly, and they are absolutely mandatory. Everyday people can’t buy or sell a home without them and, more importantly, lending institutions must have an appraisal for every single property on their books.

We at TrendSource have been talking a lot about Property Condition Inspections lately, emphasizing the ways they help banks and other lending institutions lower the cost of their appraisal operations. It makes sense from an efficiency and accuracy perspective and TrendSource has long helped desktop appraisal operations with reliable Property Condition Inspections.