Appraisal Buzz

MARCH 2, 2022

The Collateral Risk Network (CRN) announced today that Jeremy Staudenmaier, director of product management at ACI , a leading provider of workflow solutions for the valuation industry for nearly 40 years and a member of the First American family of companies, has been chosen as the CRN 2022 Valuation Visionary.

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Valuation Retail Finance Training 195

Housing Wire

MAY 1, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD.

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Reconsideration of Value Appraisal Valuation Realtors 382

Housing Wire

MARCH 31, 2022

The new Federal Valuation Agency would be responsible for developing real estate valuation standards and appraiser criteria, a function the Appraisal Foundation currently performs. The Department of Housing and Urban Development , in its recently-released appraisal bias task force report , amplified those findings.

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Appraisal Valuation Training Government 410

Housing Wire

SEPTEMBER 13, 2023

It makes accessible information that used to be hard to obtain, such as the condition of the backyard, the proximity of a property to a loud road, train tracks, or a body of water as well as the occupancy status of a property. The tool can be paired up with other types of valuation metrics.

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Tools Valuation Inspection Investors 356

Housing Wire

FEBRUARY 27, 2024

Previously, he was EVP of product development at Credit Plus before Xactus acquired the company in September 2021. Recently, Xactus’ valuation solution was approved to fulfill Fannie Mae’s property data collection orders. The executive has more than 25 years of mortgage industry experience in helping lenders mitigate risk.

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Tenants Valuation Clients Training 307

Housing Wire

MARCH 23, 2023

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. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

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Appraisal Reconsideration of Value Valuation Training 333

Housing Wire

AUGUST 2, 2023

Department of Housing and Urban Development (HUD) on Wednesday announced a new collaboration with the National Association of Real Estate Brokers (NAREB) designed to increase the housing industry’s awareness of appraisal bias. housing and home property valuation. housing and home property valuation.

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Appraisal Training Valuation Clients 238

Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Reconsideration of Value Appraisal Valuation Appraisal Process 450

Appraisal Buzz

APRIL 8, 2024

As industries grapple with the challenges of transparency, accuracy, and trustworthiness in valuation processes, blockchain emerges as a beacon of hope. Lack of Transparency: Traditional appraisal methods often lack a clear audit trail, making it difficult to trace back decisions or valuations.

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Technology Appraisal Valuation Supply Chain 418

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

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Valuation Property Appraisal Training Appraisal 91

Housing Wire

NOVEMBER 30, 2021

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. Data and compliance standards need to improve to more effectively identify valuation bias.

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Appraisal Process Modernization Appraisal Valuation 395

Housing Wire

JULY 29, 2021

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. Many appraisers say disparities in valuation are caused by factors outside their control.

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Appraisal Valuation Training Law 545

Housing Wire

SEPTEMBER 1, 2021

Appraisal modernization efforts could mean big changes for property valuations, which is why HousingWire invited Lyle Radke , director of collateral policy at Fannie Mae , to speak at HW Annual Sept. Previously he has served as the chief appraiser for Altisource and Ocwen Financial Corp.

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Modernization Valuation Real Estate Technology 281

Housing Wire

FEBRUARY 18, 2022

This week’s HW+ member spotlight features John Brenan, vice president of Valuation Policy and chief appraiser at Clear Capital. At Clear Capital, Brenan oversees the quality of the company’s appraisal and valuation products and implements changes to continually evolve the program. .

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Training Valuation Appraisal Real Estate 339

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

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Appraisal Valuation Finance Training 424

Housing Wire

NOVEMBER 6, 2023

Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.

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Government Training Tools Design 316

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. But then they had to hire me to perform an appraisal.

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Appraisal Real Estate Agent Real Estate Agents 302

Housing Wire

APRIL 30, 2022

To support lenders and appraisers in meeting these new desktop appraisal guidelines, Clear Capital has developed two new desktop appraisal solutions, Desktop Appraisal and Desktop Data Collection, which launched April 5. Duane Andrews, CEO, Clear Capital. lenders and nearly every mortgage investor.

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Appraisal Valuation Technology Real Estate 327

Empire Appraisal Group

MAY 9, 2024

New Requirements Aim to Reduce Appraisal Bias The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations. In 2023, FHFA and the Department of Housing and Urban Development (HUD), which oversees FHA, established a working group to develop consistent ROV standards.

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Reconsideration of Value Appraisal Valuation Training 78

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Appraisal Valuation Inspection Law 287

Housing Wire

MARCH 13, 2024

Called RAIA, Offrs AI chat tool uses conversational AI trained by licensed agents to qualify leads for you. Visit Tidio Property valuation and market analysis AI-supported property valuation and market analysis tools give real estate agents a decisive edge in quickly and accurately determining property values and understanding market trends.

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Real Estate Agent Tools Real Estate Agents 347

Appraisal Buzz

MARCH 2, 2022

The statement condemns the thoughts, language, and tone of the email sent to Dr. To that end, the CRN is devising an educational program to expose the appraisal community to proper training on Fair Housing laws as they impact the appraisal profession. Regards, Collateral Risk Network, Inc.

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Valuation Training Real Estate Law 150

Appraisal Buzz

AUGUST 2, 2021

Make sure you take a look at our schedule for Valuation Expo – we’ve included a code for $100 off of any Valuation Expo Pass! Find out first-hand from Jillian White, Chief Valuation Officer of Better and appraiser, as she talks about her varying viewpoints as a lender, appraiser, and homeowner as it relates to racial bias.

Appraisal 195

Appraisal Chief Valuation Officer Valuation Training 195

Clear Capital

JUNE 28, 2022

Reno, NV — June 28, 2022 — Clear Capital , a national real estate valuation technology company, today announced the launch of two Application Programming Interfaces (APIs), Property Valuation API and Risk Assessment API.

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Valuation Modernization Real Estate Investors 69

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Title firms collecting and making use of advanced analytics and proprietary technologies can provide invaluable insights into housing market trends, property valuations, and risk assessment.

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Brokerage Real Estate Investors Development 356

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. federal government. Within the congressional justifications for the U.S. HUD is requesting $2.5

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Mortgage Insurance Training Government 320

Appraisal Buzz

JULY 25, 2022

I provide short and long-term consulting services related to valuation, education, review, and investigations. Josh: Multiple developers have created inspection apps which scan properties and generate floor plans and 3D representations of the improvements. Buzz: What is your background in the industry?

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Appraisal Inspection Training Valuation 360

Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it.

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Appraisal Design Lending Technology 397

Appraiserblogs

AUGUST 3, 2021

The exclusion of the appraisal profession from events looking at valuation bias sends the message – intentional or not – that the input of appraisers is unwanted by those seeking to address issues relating to valuation bias… This was in a news release put out on Aug.

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Appraisal Valuation Training Development 147

Housing Wire

OCTOBER 16, 2020

The coalition pledged to develop training programs that cover issues of bias as well as connect the appraisal community with thought leaders on unconscious prejudices.

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Appraisal Training Appraisal Process Real Estate 493

Housing Wire

MARCH 23, 2021

Over the years the real estate appraisal workforce has experienced a shortage and has fallen behind to attract new entrants to replace those retiring due to high barriers of entry such as training, cost, and licensure regulations. HW: What are some of the risks and benefits of non-traditional appraisal methodologies?

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Appraisal Valuation Inspection Modernization 294

AmeriMac

NOVEMBER 15, 2023

If you are a lender or a borrower, you might be familiar with the valuation options available through Freddie Mac. It is a streamlined appraisal process designed to provide lenders and borrowers with a more efficient and cost-effective way of obtaining property valuations. How does ACE + PDR Function?

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Valuation Appraisal Appraisal Process Real Estate 36

Housing Wire

FEBRUARY 24, 2022

She urged regulators and industry stakeholders to “investigate and mitigate this racist appraisal system that includes and trains appraisers like the one who emailed me.”. The congresswoman demanded the Department of Housing and Urban Development Sec. But she is also pushing for action that won’t wait for a bill to pass.

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Appraisal Valuation Law Real Estate 395

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. In 2020, WFG launched an effort to identify and develop solutions for the biggest challenges facing the industry.

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Mortgage Training Clients Development 201

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Some states may even require the completion of a specific training program before you can apply for licensure. Image by Unsplash. Obtain the right qualifications.

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Real Estate Development Appraisal Contracts 303

Housing Wire

AUGUST 3, 2023

The history of AI and where it is going The Turing Test was developed by Alan Turing in 1950. A functioning neural network was viewed as the pathway to develop AI capable of learning anything a human could, and perhaps becoming more intelligent than humans. ChatGPT uses neural networks to learn from experience. What is next?

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Housing Wire

JUNE 30, 2021

PCV Murcor is one of the nation’s leading valuation management companies. The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Everyone who works at PCV Murcor is trained knowing we are all in this together.”.

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Clients Valuation Real Estate Appraisal 381