Housing Wire

APRIL 18, 2024

With AI’s capacity to perform complex reasoning and manage autonomous operations, it is critical to explore how this technology can reshape industry standards, enhance operational efficiency, and how we as an industry manage its inherent risks. One prevalent myth suggests that AI will replace human appraisers entirely.

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Appraisal Mortgage Appraisal Process Tools 383

Appraisal Buzz

AUGUST 20, 2021

Brian Paine has joined Knowledge Coop , which offers compliance training to the mortgage industry, as director of technology. Paine has also served in integral technology roles at Entisys360, Western Precooling, Live Nation, Charles Schwab and Nordstrom.

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Technology Training Appraisal Mortgage 370

Appraisal Buzz

FEBRUARY 28, 2022

“We tend to overestimate the effect of a technology in the short term and underestimate the effect in the long term.” This is the little-known Law of Amara that describes how we perceive the impact of new technology on our lives. Forty years ago, appraisers were storing property data on Property Cards. 5G transmission speeds.

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Appraisal Inspection Technology Training 482

Housing Wire

AUGUST 31, 2022

Users can complete a schematic 2D floor plan using just a smartphone, with no training or cost required. CubiCasa’s innovative SaaS technology digitally maps out a home’s floor plan in as little as five minutes. Users have the ability to leverage CubiCasa’s technology without prior training.

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Technology Modernization Appraisal Process Training 320

Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. ICE, which owns Ellie Mae , announced in April that appraisal-management tech provider AppraisalWorks is now available through its platform.

Technology 355

Technology Supply Chain Training Valuation 355

Housing Wire

MARCH 1, 2023

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We

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Appraisal Valuation Appraisal Process Technology 450

Appraisal Buzz

AUGUST 8, 2022

Appraisers who have had the opportunity to participate in an appraiser conference recently have probably noticed a recurring theme from Fannie Mae – the importance of supervisory appraisers training the next generation of appraisers. All this begs the question, why are there not more supervisory appraisers?

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Appraisal Training Appraisal Process Business 397

Appraisal Buzz

OCTOBER 18, 2021

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession?

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Modernization Valuation Appraisal Training 370

Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools.

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Appraisal Real Estate Agent Valuation Training 364

Housing Wire

JANUARY 18, 2023

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

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Appraisal Reconsideration of Value Appraisal Process Technology 347

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

Appraisal 401

Appraisal Inspection Real Estate Agent Training 401

Housing Wire

FEBRUARY 1, 2022

With no end in sight to the high demand for housing, the real estate industry faces a serious problem: a dwindling pool of appraisers. HousingWire recently spoke to Chris Knight, CEO and Gabriel Hern, President of Opteon , which consists of a partnered AMC and staff appraiser firm. I began my career as an appraiser in Australia.

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Appraisal Training Modernization Technology 370

Appraisal Buzz

JUNE 10, 2021

Clario becomes the first and only appraisal firm to participate in the program paving the way for the industry. RENO, Nev. — Clario Appraisal Network, Inc., Clario is the first and only appraisal firm to become SkillBridge approved and joins leading companies in other industries, including Lowes, Amazon and ADP.

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Appraisal Valuation Training Real Estate 370

Housing Wire

MARCH 5, 2021

What a two-year stretch it has been for appraisers. The appraisal workforce was already in decline in 2019. These factors combined to throw the appraisal industry in flux. It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially?

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Appraisal Valuation Training Technology 424

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection.

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Modernization Appraisal Inspection Valuation 327

Housing Wire

MAY 20, 2021

Inaccurate appraisals and valuations can impact the type of mortgage financing a potential buyer receives, whether a seller commands a fair value when selling their home, or whether a homeowner has opportunities to tap into home equity. The answer lies in evolving valuation technology.

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Appraisal Valuation Technology Training 469

Housing Wire

APRIL 30, 2022

In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. However, for lenders to take advantage of these benefits on behalf of their customers, they need to navigate new GSE requirements, such as ensuring appraisers have access to a digital floor plan.”.

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Appraisal Valuation Technology Real Estate 331

Housing Wire

FEBRUARY 1, 2024

There are several factors to cite but I want to highlight a key area that may be taken for granted — that not everyone receives a fair home appraisal. Stifled The Fair Housing Center of Metropolitan Detroit shared that loan denial rates in Detroit, due to the appraised value of a home (a.k.a. She said a lot without explicitly anything.

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Real Estate Appraisal Insurance Training 366

Appraiserblogs

MARCH 12, 2021

Technology has made so many improvements in the last decade and we now have the chance to truly improve our home valuation system. Thank you for taking the time to review these thoughts.

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Training Valuation Appraisal Process Appraisal 147

Appraisal Buzz

JULY 25, 2022

Freddie Mac’s ACE+ PDR has taken effect – how are appraisers going to be impacted? Join us for our upcoming free webinar on July 28 th at 2 pm ET, “ ACE + PDR: What does this mean to you, and what’s the future for appraisal data collection? ” The PDR reflects data physically collected by an appraiser or another data collector.

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Appraisal Inspection Training Valuation 360

Housing Wire

NOVEMBER 30, 2021

And the appraisal process is no exception. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. The appraisal gap for properties in Latino neighborhoods can be even worse, going as high as 9.4%.

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Appraisal Process Modernization Appraisal Valuation 398

Appraisal Buzz

APRIL 1, 2022

As a real estate appraiser, you strive for efficiency in your process and in your business. There are many technology tools available to make your workflow faster and smoother. The post What Appraisal Software Tools Are You Most Interested in Learning? appeared first on Appraisal Buzz.

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Tools Appraisal Training Technology 195

Housing Wire

SEPTEMBER 19, 2023

“With our CubiCasa partnership, we can influence market adoption of floor plans thanks to their easy-to-use technology and valuable data outputs.” CubiCasa, a Finnish company, was acquired by appraisal management company Clear Capital in 2021. CubiCasa’s MLS Partnership Program now boasts 30 participating companies.

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Tools Technology Training Real Estate 404

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. The interface is so easy to navigate that lenders need almost no training.

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Appraisal Training Real Estate Design 331

Housing Wire

AUGUST 23, 2022

Desktop appraisals became a permanent option for certain loans earlier this year. HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization. How willing are appraisers to adopt desktop and hybrid appraisals?

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Appraisal Modernization Appraisal Process Technology 301

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.

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Appraisal Valuation Inspection Law 292

Housing Wire

JANUARY 16, 2024

By working alongside Realcomp and its MLS Subscribing Brokers, Agents, and Appraisers, we’re able to fill the void by producing more floor plans and thus providing more property data on homes across the country. CubiCasa was acquired by appraisal management company Clear Capital in 2021. Home shoppers across the U.S.

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Agents Training Technology Real Estate 352

Housing Wire

FEBRUARY 27, 2024

Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. Xactus provides solutions that include credit reporting, online verifications, fraud detection and property appraisal. He previously served as the company’s chief data officer.

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Tenants Valuation Clients Training 311

Housing Wire

NOVEMBER 28, 2023

According to the firm, CubiCasa’s technology reduces the subjectivity and inconsistency of the traditional “hand-drawn sketch” method of determining a home’s size, still used by appraisers today, and empowers even untrained homeowners to produce accurate results.

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Tools Technology Real Estate Training 350

Housing Wire

MARCH 23, 2021

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. In light of that, HousingWire recently sat down with ValueLink SVP of Operations Aqil Ahmed to discuss today’s appraisal landscape. HW: What is the No.

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Appraisal Valuation Inspection Modernization 298

Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. Another difficulty with appraisals historically has been appraiser capacity.

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Valuation Modernization Training Appraisal Process 283

Housing Wire

MAY 10, 2023

Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes. Clear Capital is a national real-estate valuation technology company.

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Valuation Modernization Technology Appraisal 326

McKissock

JUNE 6, 2022

The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in your appraisal business? View the schedule.

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Training Real Estate Appraisal Tools 70

Housing Wire

JUNE 7, 2021

Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre , President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry. The dramatic change in value from two appraisals seems unusual. The first appraisal came back at $405k.

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Appraisal Process Appraisal Decorating Valuation 464

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Not professional appraisers. Appraisers will provide market trends for the properties that compete with the property being appraised.

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Appraisal Market Value Legal Property Appraisal 354

Housing Wire

OCTOBER 2, 2023

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. Xactus Appraisal Firewall X provides data for both processes. Xactus Appraisal Firewall X provides data for both processes.

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Valuation Training Modernization Appraisal 356

Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Appraisal Design Lending Technology 397