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Opinion: The path to modernizing the appraisal process

Housing Wire

Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.

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What AVMs can and can’t do in the appraisal process

Housing Wire

This information is not known by AVMs, nor do they calculate possible value adjustments. AVMs do not have this information nor do they calculate the possible adjustments. AVMs do not currently have this information nor do they calculate possible adjustments to be made for these details. AVMs don’t account for geography.

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Jaro’s journey to increase appraisal accuracy

Housing Wire

Jaro was initially developed by Ascent Software Group to streamline the entire appraisal workflow, eliminating the need for redundant steps and external systems. Jaro leverages technology through its intelligent automation capabilities, which are integrated into every part of the appraisal process, reducing turn times and increasing accuracy.

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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.

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How federal housing agencies are utilizing emerging technologies

Housing Wire

House of Representatives passed a bill in September that streamlines the appraisal process for VA mortgage loans. The legislation is an important first step toward broad modernization of the VA appraisal process and could make veterans’ home purchase offers more viable, the MBA said. “We

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EVO appraisal management software from Global DMS lowers collateral risk by instantly reviewing reports

Housing Wire

In today’s mortgage industry, many organizations have a unique real estate appraisal process that fits their exact business model. Unfortunately, most valuation management technologies follow a one-size-fits-all approach, making it difficult for mortgage lenders, credit unions, AMCs and appraisal firms to work together.

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3 Tips to Shorten Your Home Appraisal Process and Turn Times

AmeriMac

In fact, in-depth research reveals that appraisal turn times in certain regions like the Pacific Northwest is double that of neighboring regions. Plus, the sudden increase in supply and demand for appraisers resulted in a spike in appraiser fees. Luckily, there are several ways you can shorten the home appraisal process.