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 almost 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 AMCs.

 

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
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
COMMUNITY SAVINGS
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