Remove Design Remove Development Remove Lending Remove Property Appraisal
article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. Really, appraisers have always thought this way.

Appraisal 397
article thumbnail

Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis capabilities. Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said. How increased regulation presents a huge opportunity for lenders.

Appraisal 416
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

White House marks one year of PAVE appraisal bias action plan

Housing Wire

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

Appraisal 339
article thumbnail

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. As per the above list, there are several motives for a commercial real estate appraisal review; however, what does a real-world scenario look like?

article thumbnail

The fate of HUD

Housing Wire

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Increased redlining enforcement is one piece of HUD’s renewed focus on fair lending, and part of a multi-pronged approach to address the legacy of racist housing policy.

Insurance 334
article thumbnail

AVMs undergo compliance and regulation updates

Clear Capital

In addition to the Fannie Mae and Freddie Mac focus on appraisal bias, federal banking regulators and the Consumer Financial Protection Bureau (CFPB), all of whom are on the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), continued their work to examine requirements around AVM development and use.

article thumbnail

5 Resources to Help You Avoid Appraisal Errors and Violations

McKissock

One thing you can do to help save time and preserve your standing as an ethical and reliable property appraiser is to put a little extra time and effort toward avoiding appraisal errors and violations. Browse the following resources designed to help you avoid common appraisal errors and violations. Sign up now.