Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Reconsideration of Value Appraisal Valuation Appraisal Process 450

Appraisal Hub

MARCH 5, 2021

If speed is an important factor for your next commercial property transaction, then you need a property appraiser that works fast. But even the most efficient appraisal firms can’t do their jobs if clients don’t provide the information they need. What happens during an appraisal? What can you do to speed up the process?

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Appraisal Process Real Estate Appraisal Property Appraisal 78

Housing Wire

APRIL 30, 2022

The leaders behind the continually evolving appraisal tech solutions at Reggora know exactly what it’s like to deal with inefficient appraisal processes. It was during this time that the two were exposed to the shortcomings of the appraisal and valuation process and took the initiative to transform it themselves.

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Modernization Appraisal Appraisal Process Valuation 305

Housing Wire

JUNE 30, 2021

PCV Murcor is one of the nation’s leading valuation management companies. The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. We focus on what our clients value the most – proximity, quality, and prompt turn-times,” Nasser said.

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Clients Valuation Real Estate Appraisal 382

Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? With these tools, appraisers can complete jobs in a fraction of the time and increase their capacity for new work.

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Appraisal Property Taxes Technology Valuation 389

Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Technologies are moving fast.

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Appraisal Modernization Appraisal Process Technology 281

Housing Wire

JANUARY 25, 2022

This will range from the technology used to conduct home appraisals and valuations, as well as the technology that lenders and appraisal vendors use to manage their operational workflows. The appraisal process, which isn’t simple to begin with, is becoming even more dynamic.

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Technology Appraisal Modernization Valuation 314

Housing Wire

FEBRUARY 10, 2021

Lender Sierra Pacific Mortgage (SPM) announced Wednesday it will use CoreLogic’s collateral valuation platform in order to streamline future home appraisals.

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Appraisal Appraisal Process Inspection Valuation 380

Housing Wire

AUGUST 31, 2020

Finding an appraisal management software for real estate and commercial that works the way each individual lender does is difficult – usually resulting in time-consuming configurations, development work and training. Furthermore, when needs change, clients do not have to spend time or money on custom configurations.

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Appraisal Training Real Estate Design 331

Housing Wire

AUGUST 30, 2022

If we look further towards property valuation, many concerns were exacerbated by the pandemic and a dwindling number of qualified valuation professionals. Some studies suggest the number of active appraisers is steadily declining by an average of 2.6% Lenders strive to limit risk exposure while meeting compliance guidelines.

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Tools Lending Technology Valuation 384

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.

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Development Appraisal Market Value Valuation 337

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

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Appraisal Appraisal Process Valuation Real Estate 36

Cleveland Appraisal Blog

NOVEMBER 3, 2022

I recommend having a visit with an appraiser in your area that performs appraisals for some of these purposes, to learn about what’s involved in these types of assignments. I recommend having some information about your experience and skills, but also some resources that will be helpful to potential clients. START A BLOG.

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Business Appraisal Real Estate Agent Clients 393

Appraisal Buzz

FEBRUARY 7, 2022

The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property. Appraisers rely on standards of practice and processes. Desktop Process Challenges & Risks.

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Appraisal Inspection Development Technology 435

Birmingham Appraisal

AUGUST 2, 2023

Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

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Appraisal Agents Valuation Real Estate 73

Appraisal Hub

FEBRUARY 15, 2024

Real estate appraisal, whether residential or commercial, is a critical component in the valuation of property assets. This process, often seen as more art than science due to its complexity, requires a deep understanding of the market, a keen eye for detail, and an analytical approach to gather and interpret data.

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Real Estate Appraisal Appraisal Process Inspection 78

McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client.

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Appraisal Appraisal Process Clients Development 92

Appraisal Buzz

JANUARY 24, 2022

I hold an SRA and AI-RRS, I am an AQB Certified USPAP Instructor, and I also provide valuation, education, and compliance services to various types of clients. This will make the remote appraisal process even faster! There is no “middleman” obtaining data for the appraiser. RemoteVal is totally different.

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Appraisal Inspection Technology Valuation 370

Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. Source: Inc.

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Real Estate Real Estate Agent Technology Investors 349

McKissock

MAY 14, 2023

Report writing is an essential step in the appraisal process. Want a quick breakdown of everything that belongs in a narrative appraisal report? for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g.,

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Appraisal Appraisal Process Property Appraisal Real Property 87

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 89

Birmingham Appraisal

SEPTEMBER 26, 2023

Pressure from Clients Real estate professionals, including agents, often face pressure from clients to incorporate outlier sales into their Comparative Market Analysis (CMA). Outlier sales often lack suitable comparables, making it challenging to apply the traditional valuation approach accurately.

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Real Estate Agent Real Estate Clients Agents 89

Simonson Real Estate

JUNE 10, 2020

It’s the outcome we strive for following the appraisal process. As an appraiser, it means we nailed that sweet spot and produced an accurate appraisal. Thankfully, our hard work at Simonson Appraisals nearly always pays off. “No news is good news” is more than just a saying. Bottom Line. Contact him today!

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Real Estate Appraisal Clients Valuation 148

Birmingham Appraisal

SEPTEMBER 15, 2022

Basically, an appraisal determines the value of a property, and the home inspection reports the home’s overall condition as well as that of the different systems. Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Steps in the Appraisal Process.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

The Robert Weiler Company

OCTOBER 21, 2022

To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. The data is then analyzed and used to develop opinions of value.

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Real Estate Appraisal Property Appraisal Valuation 60

Dart Appraisal

APRIL 30, 2021

Since an engagement letter serves the same purposes as a traditional contract, it is crucial to carefully lay out the scope of the engagement, any contingencies that must be addressed, and any compliance specifics that need to be addressed in the development of an appraisal report, completion deadlines, and compensation arrangements.

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Contracts Appraisal Tips Appraisal Clients 69

McKissock

DECEMBER 28, 2021

Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Appraisers should consider learning more about desktop appraisals and the hybrid/bifurcated appraisal process and using remote inspection tools such as RemoteVal ,” she advises.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Appraisal Today

AUGUST 25, 2023

On Friday, NAR put out a notice asking appraisal members in the affected areas to alert their non-member colleagues. ” That means appraisers in affected areas should let clients know that certain assignments may be on hold for now. to develop and report appraisals. What Does This Mean for Appraisers?

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Appraisal Real Estate Agent Agents Real Estate 76

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Appraisal Construction Contracts Architecture 77

Empire Appraisal Group

JULY 1, 2021

However, agents and brokers should never try to influence the appraiser, said Peter Gallo, owner and chief appraiser of HomeSight Appraisal in Charlotte, N.C. Don’t tell the appraiser your client needs a certain value, for example. How Multiple Offers Factor Into the Appraisal Process.

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Agents Appraisal Real Estate Realtors 78

Clear Capital

NOVEMBER 14, 2022

In addition, the time it takes to obtain an appraisal report can significantly impact borrowers. Buying or refinancing a house is stressful for home buyers, and “being able to rely on a timely valuation can make a big difference,” says Heather Khan, Senior Analyst of Quality Assurance at Clear Capital. Be thorough in your analysis.

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Appraisal Lending Bracketing Appraisal Process 69

AmeriMac

SEPTEMBER 1, 2021

An Appraisal Management Company is more than just an appraiser. Instead, it is an independent entity that works with lenders and others who need valuation services. They go through the administrative process of actually hiring and retaining an appraiser. AMCs as a concept were developed in the 1970s.

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Appraisal Valuation Law Lending 36

Realvals

JUNE 18, 2023

In the first scenario, an appraisal gives you an objective perspective on the property’s value to ensure that you don’t overpay for your new home. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. The appraisal gives them peace of mind in either case.

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Appraisal Property Taxes Real Estate Market Value 145

Walitt Solutions

JULY 28, 2019

However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all. Is this so-called “new” process new at all?

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Appraisal Inspection Valuation Lending 28

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. which can relate to valuation. After graduation he worked for USAA in Real Estate Development.

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Appraisal Agents Real Estate Real Estate Agent 80

Appraisal Today

AUGUST 13, 2023

PAVE Response and Marcia Fudge by Dave Towne Excerpts: Folks, the American Enterprise Institute Housing Center has been, to date, the only major voice in the wilderness I’ve seen publicly defending appraisers and the appraisal process. Why are appraisers using older sales? For a balanced view of things, why not do both?

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Appraisal Contracts Real Estate Agent Mortgage 75

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers.

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Sellers Agents Real Estate Buyers 69