The Appraiser Coach

DECEMBER 5, 2023

I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. To make a long story short, this man felt like the first appraisal had come in lower than it should have. I remember an interaction I had one day with a homeowner.

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Housing Wire

MAY 23, 2023

In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

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Appraisal Buzz

DECEMBER 20, 2021

We are thrilled to overcome this hurdle with Incenter Appraisal Management’s groundbreaking solution,” said John Keratsis, President and CEO, Deephaven Mortgage. Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market. About Incenter Appraisal Management.

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Appraisal Buzz

FEBRUARY 7, 2022

The onset of the Covid-19 pandemic in 2020 introduced two new appraisal labels – the Exterior-only Appraisal and the Desktop Appraisal. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. Appraisers rely on standards of practice and processes.

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Miller Samuel

MARCH 18, 2020

As co-owner of an appraisal firm for 34 years, while based in Manhattan, we generally don't drive to appraisal inspections. By the time the first Fed rate cut was made in response to the coronavirus on March 3, we adopted a screening process for appraisal inspections. Imagine if the appraiser was a carrier?

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The Appraiser Coach

OCTOBER 17, 2023

How long have you been appraising? But you know that the appraisal process and the appraisal form are two separate things. The process that you go through to do an appraisal and the type of reporting you do on that process could be miles apart, although they are related.

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AmeriMac

NOVEMBER 30, 2023

Appraisers can work independently or as part of appraisal firms, real estate appraisal departments, financial institutions, corporations, or government agencies. Becoming a commercial appraiser requires appropriate education, training, experience, and certification.

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Appraisal Real Estate Appraisal Process Inspection 36

DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

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Appraisal Today

MARCH 15, 2024

Urban, Suburban, Rural in Appraisals Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! USPAP does not require use of the specific term “personal inspection”. Answer: No.

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East Coast Appraisal

JULY 7, 2022

Falsifying information contravenes the principle of utmost good faith when disclosing facts relevant to the appraisal. . Misinterpreting the Appraisal Process. Another mistake people make is misinterpreting the appraisal process. Some people assume that the valuation process takes several hours to complete.

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DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

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DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

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AmeriMac

MAY 10, 2023

Types of Appraisal Review Reports When it comes to appraisal review reports, there are several types that can be conducted. A field review involves an on-site inspection, while a desk review is done without an on-site inspection.

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Chicagoland Appraisal Blog

MAY 13, 2021

Some appraisers work separately and have their own private businesses while others may work for a bank or an appraisal firm that employs many appraisers. . What Is the Home Appraisal Process? To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection.

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Assurance Financial

APRIL 29, 2021

Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. Home Inspection.

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Housing Wire

JANUARY 19, 2022

The mortgage industry has been awaiting the official start date for desktop appraisals since Federal Housing Finance Agency Acting Director Sandra Thompson announced plans to allow them at an industry conference in October. Lenders leapt at the opportunity to conduct appraisals remotely, especially in the northeastern part of the country.

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Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

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The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. Question 6: What is the overall commercial real estate appraisal process?

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Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. The pandemic gave the housing industry time to test and learn the risks that could be involved with desktop appraisals.

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Town & Country Residential Appraisals

MARCH 30, 2020

AMC’s - “Appraisal Management Company” These organizations have come into existence in an attempt to fulfill government regulations to ensure that banks could not commit mortgage fraud like the practices seen prior to 2008. Ultimately the underwriter of the bank makes the calls on a loan based on the inspection of the appraiser.

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Housing Wire

MAY 25, 2021

Navigating appraisal challenges in today’s housing market. HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray, and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. In 2020, the use of “blind” appraisal waivers reached staggering, record highs.

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Housing Wire

NOVEMBER 30, 2021

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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Realtor

MAY 15, 2023

An appraiser also does a market data analysis, which values other homes in the area, and records the findings in the Uniform Residential Appraisal Report, or URAR. The hybrid appraisal uses a form almost identical to the URAR, but the appraiser doesn’t go to the property. When is the hybrid appraisal used?

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Realvals

JUNE 18, 2023

Appraisers don’t inspect electrical, plumbing, insulation, or anything else of the sort. If you are getting a construction loan, or a private money loan, then the lender will most likely need a “Subject To” appraisal. As a property owner, you should be aware of the appraisal process during this acquisition.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal?

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McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” Related reading: 8 Characteristics of a Successful Real Estate Appraiser. Approach to the appraisal process. Very efficient throughout every process.” ” “I have been in the appraisal business for 33 years. .”

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Padove Appraisal Service

JANUARY 11, 2019

A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). These government sponsored entities offer liquidity to the single family market by purchasing and guaranteeing mortgage loans that are made by private lenders.

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AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

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AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

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Appraisal Insurance Appraisal Process Market Value 36

AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

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Housing Wire

AUGUST 31, 2022

This helps eliminate human error, creates digital consistency in the output, and democratizes the creation of accurate property data critical to real estate listings and the appraisal process on a home loan. Eliminating costs makes it straightforward for any appraiser to ensure they are giving their client their home’s precise data.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. But democratizing the data they have available would benefit policy development.”

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Housing Wire

FEBRUARY 14, 2022

One way the FHFA proposed is through the government-sponsored enterprises’ duty to serve plans, which set goals for lending liquidity and preservation for manufactured, rural, and affordable housing. In March, Fannie Mae will start accepting desktop appraisals — appraisals without an on-site inspection requirement — for some loans.

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Clear Capital

JANUARY 5, 2023

government made bold steps to support homeownership through the GI Bill. Before that, the government addressed these issues through housing programs started under the New Deal. “The appraiser profession needs greater diversity, allowing those involved in the process to reflect the diverse communities they serve.”

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