Appraiser Spotlight- Udo Stolarczuk
Udo Stolarczuk has been an appraiser since 1992, and began his career as a real estate agent. Udo started appraising homes in New Jersey, and later moved to Florida where he has continued his appraising career. Udo primarily services the Ft. Lauderdale market and surrounding areas, consisting of mostly urban and suburban homes. Though his job has remained the same, the main difference he has experienced between his current FL market and previous NJ market is the construction of the homes. The homes in New Jersey were your typical wood-framed houses with basements, while the Florida homes are primarily built on concrete blocks with no basements due to the Florida weather. In his spare time Udo enjoys to work as an extra on T.V. and movie sets, and has met celebrities such as Jim Carrey, Sean Connery, and Kevin Costner along the way. According to Udo, one of the best parts of being an appraiser is the ability to set your own schedule, and all the different people you get to meet while inspecting their home.
Weston, Florida Market
Weston Florida is a city located outside of Fort Lauderdale consisting primarily of suburban and urban homes. The median sales price from March – May 2018 for Ft Lauderdale was $325,000, and home prices have gone up 5.5% over the last year (Realtor.com & Zillow). Active inventory has decreased 1% from 2,384 to 2,347 compared to this time last year, and the days on the market has remained relatively unchanged at 90 days (Movoto). For Weston, the median sales price is slightly higher at $420,000, up 9% from this time last year (Trulia).
Last week’s guest was Dale Gallant, Division Vice President at Alterra Home Loans. Dale who has been in the mortgage industry for over 20 years has done all types of sales. This episode covers how he goes about building his business, forming relationships with realtors and gives tips on how he got started in the industry.
Dale Gallant: Tips for Originators
Dale Gallant on Coest2Coest – Full Episode
About Dale Gallant:
Dale Gallant has over 20 years of experience in most facets of the mortgage business and is a well-rounded professional in the industry. From starting out as a loan officer to owning his own successful mortgage brokerage firm, he has worked hard over the years and knows what it takes to succeed in this business. His wealth of industry knowledge and experiences that he has accumulated throughout the years has enabled him to become a successful industry executive and will help to navigate the future of this ever-changing market.
About Brian Coester:
Brian Coester is the founder and CEO of CoesterVMS, a nationwide appraisal management company that designs, implements and oversees a full range of services and technology solutions for the mortgage banking industry. CoesterVMS currently serves 10 of the top 20 mortgage lenders in America. CoesterVMS has been named twice to Housingwire’s top 100 Tech Companies and three times to Inc 500/5000 fastest growing companies in America.
CoesterVMS combines proprietary and compliant technology with the best customer service to offer the most streamlined process to our appraisal partners and lenders. This approach helps us reach our ultimate goal of delivering the most accurate appraisal reports within the time frames of the mortgage transactions. CoesterVMS provides clients the tools to navigate the valuation process in an evolving lending environment. Through innovative technology and customized service strategies, our mission is to serve as the engine that runs the real estate valuation industry. We are your partner for success.
You can listen live by following http://go.pardot.com/e/310061/
This Episode of Coest2Coest we had Chief Compliance Officer and Former State Regulator Toni Bright. Toni was fortunate enough to share some tips on how to handle the appraisal rebuttal process in the most efficient manner. Her Tips are below and a link to the episode.
Toni Bright’s Tips for Value Rebuttals:
- Remember an appraisal in an opinion of value.
- There is a difference in what someone is willing to pay vs. what something is worth.
- Look at the rebuttal strictly with facts and from a professional standpoint.
- Focus on Data.
- Demonstrate due diligence as an agent, and set realistic expectations with your borrower.
- Keep in min only one reconsideration of value is allowed per file.
Please click here for the full episode and conversation: https://youtu.be/_J-AJBQVEos
We go into a lot of different aspects of the rebuttal process during this episode and touch things from a lot of different angles.