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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.

Appraisal 397
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Rocket Mortgage’s Rachel Robinson to speak at HW Annual

Housing Wire

That’s why HousingWire invited Rachel Robinson, director, collateral policy and product development at Rocket Mortgage , to HW Annual to discuss how technology can play an important role in the appraisal process and help eliminate discriminatory practices. . Find out all the details here.

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Michelle Mencarini Joins SettlementOne as Vice President, National Sales

Appraisal Buzz

Prior to joining SettlementOne, Michelle served as National Sales and Business Development Manager at Class Valuation, one of the largest appraisal management companies in the country. As one of the most innovative appraisal management companies (“AMC”) in the U.S.,

Valuation 195
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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

According to the administration, this gave mortgagees and their designated technology service providers time to make “necessary adjustments to their systems and processes, including onboarding activities.”. The FHA Catalyst platform has been a bright spot in the Department of Housing and Urban Development ’s outdated IT structures.

Appraisal 411
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FHA delays mandatory use date for FHA Catalyst appraisal submission

Housing Wire

The letter noted that during this period mortgagees and technology service providers are encouraged to continue their integration with and usage of the module for all forward and HECM origination electronic appraisal deliveries. It’s not clear what specific concerns stakeholders had with the timeline for using the new system.

Appraisal 288
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Lenders see appraisal modernization as a top priority

Housing Wire

“If they can, they want to charge more money for the appraisal. Despite a majority of lending institutions agreeing that adopting new technology for appraisals would be beneficial, survey takers identified several other priorities that were even more important. The policy now expires on December 31, 2022.

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

Appraiserblogs

The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Despite its roots in a methodology designed to support appraisers, Value.