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Opinion: The path to modernizing the appraisal process

Housing Wire

The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. The modern appraisal movement is accelerating. Consider that, per recent research by Freddie Mac , 12.5%

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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. Despite its roots in a methodology designed to support appraisers, Value.

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Xactus’ valuation solution approved to fulfill Fannie Mae’s property data collection orders

Housing Wire

Hybrid appraisals require a vetted and trained third party to inspect the property and gather data — including a floor plan — and deliver it to a licensed appraiser for a desktop appraisal. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .

Valuation 357
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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. According to Mehlomakulu, ICON’s homes are 350% stronger and are designed to outlive the traditional spec home by nearly triple their life expectancy.

HOA 370
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Here’s why some lenders choose IPEN over RON

Housing Wire

As the traditional in-person notarization process can involve hundreds of paper records, you’re also losing the eco-friendly appeal with modern borrowers expecting a paperless process. EscrowTab’s solution is designed to work as close to paper as possible, except better.

Design 358
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How To Appraise Rural Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? But unless the automation is specifically designed to solve these problems, it stands little chance of being effective.

Lending 270