IDEAS home Printed from https://ideas.repec.org/a/vaj/journl/v14y2019i1p81-97.html
   My bibliography  Save this article

Incorporating A Discussion Of Risk In Appraisal: A New Direction For The Appraisal Industry

Author

Listed:
  • Martin A. SKOLNIK

Abstract

Risk is an ongoing discussion in the mortgage lending industry, both across property types and geography, and on a property-specific basis. During an appraisal engagement, appraisers collect and discuss many risk factors that might tangentially describe the risk to the mortgage lender, but the appraiser’s analysis of risk is embedded into the report’s narrative and not a distinct discussion. This article outlines a framework for a potential expansion of the appraiser’s scope of work (and new business opportunities) to evaluate and discuss risks, which might affect how lenders analyze the subject property, and also result in a more uniform consideration of mortgage risk. This framework would also provide a new value-added opportunity between lenders and appraisers beyond what is typically part of appraisal reports.

Suggested Citation

  • Martin A. SKOLNIK, 2019. "Incorporating A Discussion Of Risk In Appraisal: A New Direction For The Appraisal Industry," The Valuation Journal, The National Association of Authorized Romanian Valuers, vol. 14(1), pages 81-97.
    • Handle: RePEc:vaj:journl:v:14:y:2019:i:1:p:81-97
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vaj:journl:v:14:y:2019:i:1:p:81-97. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefan Alexandru (email available below). General contact details of provider: https://edirc.repec.org/data/anevaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.