Lender’s Work With Appraisers They Trust
Not all lenders deal with all appraisers…why is that?
Since the beginning of time, lenders have had a list of appraisers they choose to work with. They do this so they can manage the quality of the appraisals and it provides them relative certainty on costs, turnaround times and service levels. The lender knows which appraisers service which areas and which can be trusted to provide accurate valuations with mininmal oversight. Trust is paramount for the lender / appraiser relationship.
HISTORY OF ADLAW APPRAISALS
When Adlaw Appraisals started in 2013 we were not approved with any lender. The only work we could do was private work, for tax purposes, marketing / listing purposes and some vanilla litigation / separation type appraisals. Appraisals for these purposes are great, but there is no way to know if you (homeowner, broker, laywer, realtor) are dealing with an appraisal firm you can trust, unless you know they are trusted by 100’s of insitutions as well. I am happy to say that Adlaw Appraisals is trusted by over 100 lending insitutions in British Columbia. How did all happen in under 10 years you ask? We did good work, consiently and the service levels we provided mortgage brokers, gave the brokers incentive to ask the lender for an exception. These exceptions eventually lead to us being added to their approved appraiser list.
TRUST
It all boils down to trust. Can the lender rely on the firm to provide consitenat quality work in the areas that they service? Are the fees reasoanble? Is the appraisal firm easy to get a hold of when questions arise? Do the keep the lender’s interests in mind when completing the appraisal?
CONSISTANT GROWTH
Brick, by brick, Adlaw Appraisals has grown to be a trusted appraisal firm in BC and we would like to thank everyone who was part of our journey. You know who you are. We could not have done it without you. Below, is a list of all the lenders we work with broken down alphebeticall under the headings: BANKS, CREDIT UNIONS, MIC’s / PRIVATE as well as a list of lenders we are not yet approved with for ease of reference.
WORD OF CAUTION
In today’s lending environment many lenders have chosen to work with an appraisal management company (AMC). Solidifi, Nationwide Appraisals, Value Connect, FNF, FCT, and RPS are a few we deal with on a regular basis. Make sure to check if the lender you are dealing with allows you to order direct from their approved appraiser list, or requests to use one the above Appraisal Management Companies.
| LENDERS ADLAW APPRAISALS WORKS WITH |
| BANKS & A LENDERS |
| BANK OF MONTREAL |
| BRIDGEWATER BANK |
| CANADIAN FIRST FINANCIAL (CFF) |
| CANADIAN IMPERIAL BANK OF COMMERCE (CIBC) |
| CANADIAN MORTGAGE AND HOUSING CORPORATION (CMHC) |
| CANADIANA FINANCIAL CORPORATION |
| CTBC BANK CORPORATION |
| CANADIAN FIRST FINANCIAL |
| COMMUNITY TRUST |
| CMLS FINANCIAL |
| CMLS FINANCIAL (AVEO) |
| EQUITABLE BANK |
| FISGARD CAPITAL CORPORATION |
| FIRST NATIONAL FINANCIAL CORPORATION |
| GVCCU (GREATER VANCOUVER COMMUNITY CREDIT UNION |
| HAVENTREE |
| HOME LOANS CANADA |
| HOME TRUST COMPANY |
| HOMEQUITY BANK (CHIP) |
| HSBC CANADA |
| ICICI BANK |
| KEB HANA BANK CANADA |
| MANULIFE BANK OF CANADA |
| MCAP |
| MCAP FUSION |
| MCAP ECLIPSE |
| MERIX FINANCIAL |
| NATIONAL BANK OF CANADA |
| RFA BANK OF CANADA |
| RMG MORTGAGES |
| RMG ECLIPSE |
| ROYAL BANK OF CANADA |
| SATURN CAPITAL CORPORATION |
| SCOTIABANK |
| STREET CAPITAL FINANCIAL CORPORATION |
| THINK FINANCIAL |
| TORONTO-DOMINION BANK |
| CREDIT UNIONS |
| BLUESHORE FINANCIAL |
| ENVISION FINANCIAL |
| G&F FINANCIAL ——– GREATER VANCOUVER COMMUNITY CREDIT UNION (GVCCU) |
| SUMMERLAND CREDIT UNION |
| ISLAND SAVINGS CREDIT UNION |
| PROSPERA CREDIT UNION |
| VANCITY CREDIT UNIION |
| VALLEY FIRST CREDIT UNION |
| MORTGAGE INVESTMENT CORPS / PRIVATE LENDERS |
| AAREA |
| ACCEPTED FINANCIAL CORPORATION |
| ALPINE CREDITS |
| ALTA WEST CAPITA |
| ANTRIM INVESTMENTS |
| ANTRIM BALANCED MORTGAGE FUND |
| AP CAPITAL |
| ARMADA MORTGAGE CORPORATION |
| BAYFIELD MORTGAGE PROFESSIONALS |
| CAMBRIDGE MORTGAGE INVESTMENT CORPORATION |
| CANADIAN WESTERN TRUST |
| CAPITAL WEST |
| CANADIAN MORTGAGES INC. (CMI) |
| ENLIVEN GROUP AND FUNDS MANAGED BY SAME |
| FIRST CIRCLE FINANCIAL |
| FIRST SWISS MORTGAGE CORPORATION |
| FISGARD CAPITAL CORPORATION |
| GENTAI CAPITAL CORPORATION |
| INDUSTRIAL ALLIANCE |
| MANCHESTER INVESTMENTS INC. / (RYAN MORTGAGE FUND INC) |
| NEIGHBOURHOOD HOLDINGS COMPANY LTD. |
| NATION CAPITAL CORPORATION |
| PACIFICA MORTGAGE INVESTMENT CORPORATION |
| PEOPLES TRUST |
| PARAMOUNT EQUITY FINANCIAL CORPORATION |
| PIONEER WEST MORTGAGE ACCEPTANCE CORPORATION |
| PREMIERE CANADIAN MORTGAGE CORP |
| RYAN MORTGAGE FUND INC. (MANCHESTER INVESTMENTS INC.) |
| TERRAPIN MORTGAGE INVESTMENT CORPORATION |
| THREE POINT CAPITAL |
| VECTOR PACIFIC |
| VANGUARD MORTGAGE INVESTMENT COMPANY |
| VAULT CAPITAL |
| NOT APPROVED |
| VWR CAPITAL |
| OPTIMUM / CANADIAN WESTERN BANK |
| VERIFUND |
| COAST CAPITAL |
| RELIABLE MORTGAGE |
| PHL CAPITAL |
| INSTAFUND |
| INTERIOR SAVINGS CREDIT UNION |
| OTHER |
| L2 Cafe |
| SAGEN (INSURER) |
| CMHC |
| CANADA GURANTEE |
Let our team’s knowledge of local markets help you get the value you deserve.
Thank you for reading!
Adam Lawrenson, AACI
Owner, Adlaw Appraisals