Remove Appraisal Process Remove Business Remove Development Remove Modernization
article thumbnail

Class Valuation’s CIO on solving the appraisal conundrum

Housing Wire

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. Everybody is affected by the appraisal process. SR: We’ve leveraged AI for years.

Appraisal 410
article thumbnail

Overhauling the Appraisal Process

DataMaster

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Clear Capital will lay off 27% of its workforce

Housing Wire

Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S.

Valuation 359
article thumbnail

The Role of Appraisal Review in the Risk System – Appraisal Revisions

Appraisal Buzz

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. Complexity in Process and Properties. When it comes to lending activity, appraisal revisions have always been a part of the appraisal process. Appraisal Modernization.

Appraisal 281
article thumbnail

Nationwide Appraisal Network’s valuation solutions allow lenders to select appraisers based on performance

Housing Wire

With an increased demand for appraisals across the country, the need for efficiency during the appraisal process is greater than ever. Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states.

Valuation 196
article thumbnail

VA official talks future of partial claims and revamping its reputation

Housing Wire

John Bell, deputy director at the VA, said the agency has made strides in recent years to get loans processed and out the door in a timely manner. When I started 12 years ago, the average time was 20 business days. MV: VA’s appraisal process is criticized for being lengthy and costly. How will this benefit borrowers?

article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

Appraisal 397