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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.

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2024 USPAP For Appraisers

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, economics analysis, Fannie getting rid of appraisers?, Fannie Mae sees the appraisal process as “inspection + value.” Next month’s newsletter will have a lengthy article on the issues of the property inspector.