article thumbnail

UWM launches AMC-free appraisal program

Housing Wire

. “It’s going to be cheaper for consumers and more money for appraisers, because there’s no longer going to be a middleman with UWM Appraisal Direct,” Ishbia said. Appraisers say AMCs cut into their pay and introduce inefficiency into the appraisal process.

Appraisal 442
article thumbnail

FHA delays mandatory use date for FHA Catalyst appraisal submission

Housing Wire

What role does appraisal tech have in creating customers for life? In this day and age where borrowers put speed and efficiency over anything, a slow appraisal process could reflect negatively on the lender and cause strain with the borrower. Presented by: Reggora.

Appraisal 290
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

VA Required to Encourage Hybrid Appraisals

Appraisal Today

Mike Bost, the VA will be required to: Issue certification requirements for appraisers; Execute minimum property requirements; Review the process for selecting and reviewing comparable sales; Implement quality control processes; Establish the Assisted Appraisal Processing Program; and. Has passed House and Senate.

article thumbnail

2024 USPAP For Appraisers

Appraisal Today

When USPAP started, it was very exciting as appraisers had to decide what needed to be changed or added. 2024-2025 USPAP 7-Hour Update Course is being approved or is approved, in the states. It shows a fundamental lack of understanding of what appraisers do. Fannie Mae sees the appraisal process as “inspection + value.”

article thumbnail

NAR Member Survey on Appraisal Data Collectors

Appraisal Today

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. Appraising will be different in 2025.