Appraisal Buzz

MAY 1, 2024

While ARMs can be attractive in a falling-rate environment, clear communication about potential rate adjustments is imperative to ensure borrower understanding and mitigate risk. Products such as 15-year or 30-year fixed-rate mortgages offer predictability in monthly payments, appealing to borrowers seeking long-term financial stability.

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Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. What I did see were links to lender websites almost apologetically explaining what an appraisal gap is to their customers and willing them not to panic if it happens to them. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Genworth MI Blog

MARCH 10, 2017

The home appraisal has been requested … and the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraiser use good comparables? Will the appraised value be sufficient for the loan?”. Will repairs be needed?

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Housing Wire

FEBRUARY 9, 2023

Education media publisher Appraiser eLearning (AEL) bought Valuation Expo and Appraisal Buzz from Joan Trice , who created the two entities about 20 years ago. AEL’s education products, communication skills and conference management skills will “raise the bar” for both the conference and the newsletter, she added.

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Housing Wire

AUGUST 11, 2020

Last week, HousingWire reported surging mortgage volume and record low interest rates are putting excess pressure on appraisal turn times. This week, appraisal experts said those same variables are having a profound effect on an age-old conflict of appraisal reports versus what the market believes the home is worth.

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Appraisal Buzz

APRIL 23, 2024

He spent over a decade in various executive and managerial positions, where he led a highly successful team that included analytics, risk management, training, communications and vendor management while managing two of the top five lending institutions and the firm’s GSE relationships.

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Appraisal Buzz

DECEMBER 6, 2021

The shortage of appraisers within the industry has been well publicized recently and no doubt plenty of you reading this article have experienced the impact of this shortage first hand. According to the Appraiser Institute , more than 10,000 appraisers have left the industry since 2013. AMCs Driving Tech Innovation .

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. Everybody is affected by the appraisal process. SR: We’ve leveraged AI for years.

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Appraisal Buzz

JANUARY 31, 2022

It’s no secret that appraisers are overworked. It is no secret that there is an underlying tension growing in the appraisal industry directed at appraisers, AMCs, and lenders. But proper communication throughout the transaction between all parties can ensure realistic expectations and streamline the process.

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The Appraiser Coach

FEBRUARY 13, 2024

It is the power of communication and connection with other people. For more information on this subject, please download and listen to The Appraiser Coach Podcast Episode: [link] This is the mastermind. When you surround yourself with other successful people, you are more likely to be successful yourself.

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Housing Wire

FEBRUARY 13, 2024

Also, greater reliance is placed on the appraisal of the property to ensure that the value is sound. Additionally, there may be some extra requirements on either the review of the appraisal or the borrowers’ credit history. In addition, non-QM lending generally allows for credit events that are not normally seen in QM lending.

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Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. This continues to put a great deal of pressure on appraisers who are managing large portfolios during an appraisal shortage. “And

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Appraisal Buzz

DECEMBER 17, 2021

Deephaven Mortgage is partnering with Incenter Appraisal Management to offer non-agency/non-QM brokers remote appraisal services for Deephaven’s loans. A dedicated Incenter Appraisal Service Team will be assigned to each broker, communicating daily on the status of their files.

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The Appraiser Coach

DECEMBER 26, 2023

I’ve used a number of communication tools over the years. When True Footage said they were moving to a new communication program, I was less than thrilled. The new program had everything. But it didn’t have the one feature that I have always looked for in a communication tool: the walkie-talkie feature.

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Appraisal Buzz

JUNE 4, 2021

At Impact Valuation Group, we provide clients with reliable high-quality appraisal services in the shortest times possible, thus taking the worry and stress off the borrowers and lenders alike. We deliver high quality reports and offer a wide variety of appraisal products. We rise by lifting others up.

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Housing Wire

APRIL 6, 2021

Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. She recently had a deal fall apart due to appraisal. Why use several vendors for title searches, appraisals and underwriting when you can use one?

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Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

APRIL 30, 2022

Analyzing Comps can be a pain point for both the client and the appraiser. Historically, appraisers haven’t had visibility into their own peers’ data, even though they’re graded on their consistency with their peers and asked to comment on their peers’ data.

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Appraisal Training Clients Real Estate 347

The Appraiser Coach

DECEMBER 19, 2023

They had weekly calls, mastermind classes, and a Facebook group where everyone could communicate with each other. All things that I have seen make a difference in appraisal businesses. The point here is that many of these principles that I share with you for appraisal businesses are universal.

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Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

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Housing Wire

DECEMBER 8, 2023

Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. Communicate often Every time there’s a survey that goes out to recently closed real estate clients, their #1 complaint is always the same.

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Housing Wire

NOVEMBER 18, 2021

While having core systems in place is important, no matter how good a lender’s process is, if there’s an issue with the appraisal, everything could be compromised. While having core systems in place is important, no matter how good a lender’s process is, if there’s an issue with the appraisal, everything could be compromised.

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Housing Wire

APRIL 8, 2021

According to Matt Sharp, Area Lending Manager at Citi, “It’s really important when you are in the buying process that lenders have a communication with not only the buyer but also with their realtor,” Sharp said. When it comes to using this third negotiating tool, Bryher said appraisal gaps must be considered carefully.

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Appraisal Buzz

NOVEMBER 29, 2021

To engage with this growing group of digital nomads, you’ll need to offer a personalized, consumer direct lending experience through the devices and communications channels of their preference. The post How Lenders Can Engage Consumer Direct Customers at Scale With Marketing Automation appeared first on Appraisal Buzz.

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Housing Wire

MAY 22, 2023

I wanted to take advantage of technology, systems to really provide like proficiency in our business, [and] the ultimate thing for me was to be able to scale the model, because we have a model that we go by, and we live by, which is the three C’s – cost-effective, communication, consistency,” Keelin said in an interview with HousingWire.

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Appraisal Buzz

FEBRUARY 28, 2022

Before we discuss the impact of technology on the future of appraisal data, it’s good to get a historical perspective. Forty years ago, appraisers were storing property data on Property Cards. Twenty years ago, (the 2000s) saw the internet bubble burst, but also the introduction of faster communications and new companies like Zillow.

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Appraisal Buzz

DECEMBER 29, 2021

In the case of real estate services providers, it means providing the necessary tools and training to representatives – as well as clear, concise and patient communication with customers. The post Nick Nikolenko: What ‘Good Customer Service’ Really Means appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 28, 2022

Speakers: Rick Webster, Chief Marketing Officer, Lender Price Amy Moses, Vice President, Marketing & Communications, EscrowTab Sara Holtz, VP, Demand Marketing and Communications, ICE Mortgage Technology Cory Jo Vasquez, Chief Marketing Officer, Realty ONE Group. 06 Appraisal modernization: What’s the endgame?

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Appraisal Buzz

NOVEMBER 8, 2021

When we hear that there may be changes to the industry’s standard appraisal reports, we’ve grown to expect a fair amount of stress and unrest. Now, the way appraisers are required to report their results is changing again. However, that’s not what’s happening when the appraisal report changes.

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Tools Appraisal Design Technology 195

Appraisal Buzz

MAY 20, 2022

An upcoming Five Star/Messagepoint webinar will discuss how perfecting communication processes with your clients will help in delivering an ideal borrower experience. The post The Week Ahead: Servicers Crafting the Ultimate Client Experience appeared first on Appraisal Buzz.

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Appraisal Buzz

NOVEMBER 15, 2021

Matt Simmons has been busy with his sixth edition of “Random Thoughts of an Appraiser!” There are plenty of times where appraisers have collectively had thoughts or concepts that can be communicated and/or questioned in a sentence and don’t need a dedicated article. Matt’s random thoughts are strictly for your entertainment.

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Appraisal Valuation Finance Clients 435

Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? HousingWire: What can the industry at large do to support the work of appraisers right now? This is misguided.

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Housing Wire

AUGUST 14, 2020

For the past two weeks, HousingWire took a deep dive into the effects an accelerated market can have on appraisal turn times and the delta between appraisal ratings and market forecasts. Appraisals are of course going to be delayed, and then that can delay title orders, obviously. I’ll be brutally honest.

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Housing Wire

MAY 18, 2021

It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as the four major pain points they want to improve. These programs run the mortgage origination gamut – from valuation and appraisal, to title and closing. PROCESS EFFICIENCY.

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Housing Wire

JANUARY 25, 2022

With the recent news about desktop appraisals, appraisal technology is top of mind for many. HousingWire recently spoke with Reggora co-founder and CTO Will Denslow about the role of technology in appraisal innovation. How will this affect appraisal technology moving forward? How can technology help mitigate this issue?

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Appraisal Buzz

APRIL 1, 2022

DS News chatted with Marissa Yaker of Padgett Law Group on how navigating loss mitigation requirements during the pandemic opened up new channels of communication for the industry. The post Servicer Collaboration in a Post-Pandemic World appeared first on Appraisal Buzz.

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Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. When it comes to consumers’ growing desire for a seamless, fully digital home-buying experience, coupled with COVID-19’s influence on buying behaviors, it’s safe to say there truly is “no turning back.”.

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Appraisal Buzz

NOVEMBER 4, 2021

Anita Bush of FICS details how the industry is pushing to improve communication with limited English proficiency borrowers. The post Breaking Down the Language Barrier appeared first on Appraisal Buzz. The post Breaking Down the Language Barrier appeared first on DSNews.

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