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FNMA Property Data Collectors Program Violates WV Law

Appraiserblogs

The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rendered as to its value nor any fee charged for such an inspection.

Law 146
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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Desktop appraisals and hybrid appraisals, where an independent third-party inspects the property, both “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower,” wrote Fannie Mae. Non-traditional appraisals to the rescue.

Appraisal 287
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Certified Appraisers vs. Unlicensed Data Collectors

Appraiserblogs

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. AI meets with Fannie Mae regulators to.

Appraisal 125
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Navigating Property Division in Divorce: The Crucial Role of Appraisals

Boston Appraisal

Advantages of Using Appraisals over Other Methods in Divorce Cases While some might consider online estimates, tax assessments, or personal opinions for their property valuation, these sources can often be unreliable, and they can lead to disputes and litigation.

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Overhauling the Appraisal Process

DataMaster

The RFI contains 4 components: The Uniform Appraisal Dataset (UAD) and the design of appraisal forms Automated Valuation Models (AVMs) and appraisal waivers Valuation differences by borrower and neighborhood ethnic makeup Appraisal modernization. The use of a non-appraiser to inspect a property can be concerning for some.

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What level appraiser are you?

Appraisal Today

Depending on how you were trained, at the beginner level you typically view appraisals as forms — forms with checkboxes to be checked or left blank. To read more, click here My comments : Location within a school district can be an important valuation factor. Level 1 – Beginner This is where we all start.

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Do you know what you are getting into?

The People's Appraisal Blog

I have written many blog posts here, mainly for the consumer to read and understand what is actually happening in the world of Real Estate Valuations. 2) A licensed or certified appraiser to complete the valuation. …a couple hours of training, if that! So what’s the problem here, you might ask? The non-appraiser inspector?…a