Housing Wire

SEPTEMBER 13, 2023

The Appraisal Institute , the nation’s largest professional association of real estate appraisers, has launched a new program to increase the ranks of veteran and minority appraisers. With the AI PAREA program, participants can appraise properties virtually with one-on-one guidance from a mentor to become credentialed.

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Housing Wire

SEPTEMBER 7, 2023

The Appraisal Institute , the nation’s largest professional association of real estate appraisers, appointed Cindy Chance as chief executive officer, the trade organization announced. The Appraisal Institute has been criticized for a lack of diversity in its ranks and acknowledged a need to modernize. as Hispanic.

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Housing Wire

DECEMBER 21, 2021

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation. Jonathan and Brian will discuss the impact of appraisals on fulfillment and why now is the time to embrace change in this area. Hosted by Reggora. Brian Zitin Co-Founder & CEO, Reggora.

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Cleveland Appraisal Blog

FEBRUARY 16, 2024

I know most of my readers are interested in appraisal and real estate-related topics. FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. I recently appraised a home for a divorce. I miss writing and I miss you! So, here’s one for you… Zillow data!

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Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. The escrow account is funded by either the seller, builder or lender via a lump-sum payment at closing.

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Housing Wire

OCTOBER 18, 2021

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. Appraisers often spend much of their day driving from property to property, Thompson said. Presented by: Incenter.

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Appraisal Appraisal Process Valuation Mortgage 525

Housing Wire

JULY 27, 2022

In light of this, HousingWire CEO Clayton Collins recently sat down with Paul Doman, CEO at Accurate Group, to discuss mortgage lender profitability, as well as the modernization of title and appraisal processes and where there is opportunity for automation. . The post What is in the way of modernizing title and appraisal?

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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. What’s going on in Detroit, then?

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Housing Wire

APRIL 6, 2023

The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) in May for its second public hearing on appraisal bias. At the first ASC hearing in January, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra took aim at the dysfunctional regulatory system that governs the appraisal industry. “I

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Appraisal Valuation Government Appraisal Process 383

Housing Wire

MAY 23, 2023

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. Today, we actually have an opportunity to combat it in a way that we didn’t have five or 10 years ago, which is leveraging automation, artificial intelligence (AI) and machine learning.” Johnson said.

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Housing Wire

NOVEMBER 21, 2023

But with struggle comes opportunity. Take a look and consider your options — from ways to improve your eClosing strategy to software to streamline your appraisal management, the products featured in this supplement are designed to meet specific needs across the housing industry. We’re all feeling it.

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Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. Policy can affect all segments of the appraisal profession.

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Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together.

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Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs?

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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 395

Housing Wire

APRIL 9, 2024

For example, since home appraisals consider trends in past property values, BIPOC neighborhoods may be considered “risky” due to historic segregation and the cumulative effects of chronic underinvestment. The cost of lost business opportunity is even higher. According to iEmergent’s U.S. Big changes start with small steps.

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Appraisal Buzz

APRIL 24, 2024

The post Truv Now Integrated With BeSmartee appeared first on Appraisal Buzz. Truv , a provider of income, employment and asset verification solutions, is now integrated with BeSmartee , a provider of point-of-sale (POS) software for mortgage lenders. The post Truv Now Integrated With BeSmartee appeared first on MortgageOrb.

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Appraisal Buzz

SEPTEMBER 27, 2021

You can hardly post anything on an appraisal forum or social media without the first 17 comments stating, “I do non-lender work.” Expanding your appraisal practice through non-lender work can lead to many benefits including increased revenue as well as greater independence and efficiency.

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Housing Wire

JANUARY 10, 2023

Of course, to seize the opportunity presented by any time period, action is necessary. But in 2023, action seems particularly needed because none of the greatest opportunities to move the ball forward in housing will come easy. Property Appraisal. Well, here we are at the beginning of another year.

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Valuation Review

DECEMBER 20, 2021

At the 2021 Appraisal Summit in Las Vegas, Valuation Review attended the session “Creating an Agile Appraisal Workflow” featuring panelists from Clear Capital. Executive Vice President of Corporate Strategy Kenon Chen and Chief Appraiser John Brenan outlined technology that can advance the appraiser’s workload.

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Housing Wire

NOVEMBER 14, 2023

“We expect that most employees who are part of Wells Fargo Home Lending’s real estate tax services group will have the opportunity to become CoreLogic employees when the work is transitioned or to remain with Wells Fargo in their current or new roles.

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Real Estate Property Taxes Tools Property Management 433

Valuation Review

APRIL 14, 2021

Digital GLA and sketch automation represents a revolution in property data collection, which is of utmost importance for appraisers moving forward. Valuation Review spoke with Clear Capital’s Innovation Labs Executive Vice President Jeff Allen, who outlined the many facets this technology offers appraisers.

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Housing Wire

DECEMBER 13, 2023

It also includes VA Interest Rate Reduction Refinance Loans, which allows veterans to refinance their Department of Veteran Affairs (VA) loans at a lower rate without needing an appraisal or income verification. The initiative includes three new exclusive rates – 5.749% paying 1.5 points, 5.999% paying 2 points and 6.249% paying 2.5

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Housing Wire

JANUARY 9, 2024

One of the challenges is that appraisals for ADUs are often unrefined and idiosyncratic, as appraisers are still getting used to this asset type and good comps can be hard to assemble. For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments.

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The Appraiser Coach

MARCH 12, 2024

This term is “opportunity cost.” The idea of opportunity cost is, “what are you missing out on when you do x ,” the idea here being that when you do activity x , you cannot also do activity y, m, z, q, etc. Consider the opportunity cost is vital if we want to be successful. You have a little bit of extra time.

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Appraisal Buzz

JUNE 14, 2021

Fannie and Freddie are slowly rolling back some of the COVID-era regulations that have facilitated getting appraisals done during the pandemic. Appraisers are starting to get one-off requests from Fannie and Freddie for more information and an interior inspection, even though the property already had a COVID-alternative accepted.

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Housing Wire

AUGUST 5, 2022

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

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Housing Wire

MAY 2, 2022

Seattle, Washington-based real estate valuation company True Footage announced the acquisition of Spark for Appraisers , an appraisal technology firm. Spark for Appraisers sells data infrastructure software to appraisers to produce faster and more reliable appraisals. Terms of the deal were not disclosed.

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The Appraiser Coach

MARCH 19, 2024

As a real estate investor, I have the opportunity to rub shoulders with all kinds of people, even other appraisers on occasion. With a recent house purchase in another state, I got a call from the appraiser of this property as he was planning a visit out there. To get the mix just right, you need a little bit of both.

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Housing Wire

NOVEMBER 17, 2022

Jim Amorin, the CEO of the Appraisal Institute , on Thursday announced his resignation from the appraisal trade group. In a statement, the Appraisal Institute said Amorin’s five-year term will end effective Feb. The organization said he is “moving on to pursue other opportunities.” as Hispanic.

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Housing Wire

AUGUST 31, 2022

As more aspects of the mortgage process venture into the online realm, appraisal remains a bottleneck that regularly causes significant delays and loss in profit. Reggora is facing the issues surrounding modern appraisals head-on with its industry-leading Reggora Appraisal Management Platform.

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Appraisal Loan Officers Modernization Appraisal Process 369

Housing Wire

JANUARY 26, 2022

For the next two months, United Wholesale Mortgage (UWM) will credit borrowers up to $600 for their appraisal costs, the lender said in a statement Wednesday. In September 2021, the top-ranked wholesale lender announced that it would no longer require its brokers to use appraisal management companies to complete appraisals.

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Appraisal Real Estate Agent Real Estate Appraisal Process 383

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 Buzz

DECEMBER 27, 2021

There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. As the appraisal gap widened, the CoreLogic Price Index rose as well, reaching 15% in May of this year.

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Appraisal Valuation Modernization Contracts 397

Housing Wire

SEPTEMBER 9, 2021

United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals. During a Facebook Live address, Ishbia proclaimed that while AMCs add value to the industry, appraisals have been a stumbling block for the mortgage industry.

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Appraisal Valuation Appraisal Process Contracts 446

Housing Wire

FEBRUARY 4, 2022

The appraisal space has seen its share of challenges and changes in the past two years. Facing the difficult combination of record-breaking volume and a shortage of appraisers, many mortgage and appraisal professionals have turned to appraisal technology solutions.

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Appraisal Valuation Appraisal Process Technology 368

Housing Wire

OCTOBER 27, 2021

Between a pandemic and record-breaking origination volume, the appraisal industry has never had to be as nimble as it is now. In an effort to keep homeowners safe while also still providing quality valuations, appraisers have been leaning heavily on technology for the past year and a half. appeared first on HousingWire.

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