Appraisal Buzz

AUGUST 30, 2021

You say you care about collateral valuation, you are aware of the plight of professional fee appraisers in a world that seems to be losing sight of their value, you understand the lender drive to reduce risk in their transactions. — Appraisal modernization: Why optimization is the key to a better future for all of us.

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Housing Wire

DECEMBER 1, 2020

Jeff Allen brings more than 15 years of real estate valuation, data and analytics experience to the Clear Capital executive leadership team. Jeff Allen, Executive Vice President, Innovation Labs , Clear Capital.

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Housing Wire

AUGUST 25, 2022

3-5 is proud to present an appraisal-centered session this year. From modernizing appraisal technology to the government heightening their focus on appraisal bias, there’s no shortage of important and noteworthy topics to unpack in the appraisal space,” Brena Nath, director of HW+ and events, said. That is why HW Annual Oct.

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Housing Wire

AUGUST 31, 2022

Using this next generation of personalized property intelligence, geniusprice technology from homegenius Real Estate leverages advanced valuation analytics, so agents and brokers can gain a deeper understanding of subject properties and their local real estate markets. geniusprice technology is not a CMA.

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Housing Wire

FEBRUARY 24, 2023

Concerns of racial bias , a lack of standardization for consumers in the reconsideration of value process and unclear authority in the governance structure are all present amidst increased requests from lenders for a more efficient process that provides value certainty sooner. Is “better” good enough as a starting point?

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Housing Wire

JANUARY 10, 2023

Of course, to seize the opportunity presented by any time period, action is necessary. The most groundbreaking aspect of GSE appraisal modernization that gets overlooked is that there is now a tech-driven data standard for how a home should be documented in support of an appraisal.

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Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. Today’s Selling Guide change presents a great opportunity for mortgage lenders and the borrowers they serve. or its subsidiaries.

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Housing Wire

JANUARY 12, 2024

There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing. Yes, it is plagued by bias — both historical and present — but it is a known quantity. Of these, category 2 is the most established.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Appraisal Buzz

SEPTEMBER 19, 2022

Valuation Expo 2022 at the Mirage Hotel in Las Vegas was a record-breaking success! With our highest numbers recorded for attendance in the last 10 years, Valuation Expo provided everyone with the connections they wanted and need to build their business. Class Valuation and Clear Capital were our platinum sponsors.

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process.

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Appraisal Buzz

NOVEMBER 29, 2021

Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) 2) The Income Approach considers the present value of expected future cash flows. (3) To receive this subscription directly, click here.

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Housing Wire

APRIL 6, 2021

It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. How hybrid title and valuations help increase lending efficiency. Presented by: Altisource. “I The home checked off every box on Linda’s list.

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Housing Wire

JULY 12, 2022

Its appraisal modernization pilot, which used hybrid appraisals, showed an 18% point reduction in confirmation bias compared with traditional appraisals, which rely on human observations and, as such, potentially could be riddled with overt or subconscious bias. Presented by: Reggora. The State of Appraisals in 2022.

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Housing Wire

AUGUST 7, 2023

The capital, capability and content are present to make all real estate markets smarter, faster, safer and connected. Homebuyers and other investors will gain better views of risk and return as hyper local “Forward” projections inform valuations and pricing for a range of assets.

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Appraisal Buzz

FEBRUARY 7, 2022

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. It will give the reader of the report, and the person who will be providing the valuation, a visualization of what exists. Appraisal Labels.

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Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. We’ll dive into the details to help lenders gain the confidence to take advantage of this new valuation innovation. What is an appraisal waiver?

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Housing Wire

JULY 1, 2021

The kitchen is also one of the areas that is commonly in need of modernization, from outdated appliances to antiquated cabinet styles. That being said, we look at certain items on our inspections that play into the final valuation depending on the home.”. Sponsored content presented by Citibank, N.A. NMLS #412915.

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McKissock

NOVEMBER 9, 2021

With Anow , the leading software for real estate appraisal offices nationwide, you can move beyond spreadsheets, modernize your processes, and save valuable time every day. Meet the presenter. Are you ready to turn your appraisal business into a money-making machine? ” What topics will be covered? Reserve your spot.

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Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Clear Capital

SEPTEMBER 13, 2023

Appraisal waivers shorten the valuation process by skipping the traditional appraisal. Inspection-based appraisal waiver programs combine highly advanced analytics that use historical valuations and current market data to generate a value for the home. Data collectors will also take note of all building materials and utilities present.

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Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. The changes will impact just about everything and everyone in the collateral valuation space.

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DataMaster

FEBRUARY 3, 2021

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. Appraisal Modernization. The Detractors. Some disagree with the overhaul.

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Housing Wire

MAY 20, 2021

Inaccurate appraisals and valuations can impact the type of mortgage financing a potential buyer receives, whether a seller commands a fair value when selling their home, or whether a homeowner has opportunities to tap into home equity. So, what can be done to mitigate bias and inequality in the valuation process?

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Housing Wire

MAY 2, 2022

It is an alternative appraisal method that is essentially a compromise between an automated valuation model (AVM), entirely done by software, and a traditional appraisal. The webinar was attended by nearly a thousand industry participants, including lenders, valuations experts and third-party fintech companies.

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Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. That’s what I did.

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Appraisal Buzz

SEPTEMBER 5, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”. Appraisal Modernization.

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Walitt Solutions

JULY 28, 2019

However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all. Are these “other” inspection-and-valuation processes appropriate for lending?

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Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Presented by: PCV Murcor. In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process.

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Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination.

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Listing Spark

OCTOBER 25, 2023

However, these automated valuations may not always account for unique features or the latest market dynamics. These comps, provided by real estate professionals, offer a more tailored valuation based on MLS data from similar recently sold properties in your area. 97% of all homebuyers used the internet in their home search.

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Housing Wire

MARCH 13, 2023

The lawsuit alleges that an appraiser with 20/20 Valuations lowered the valuation of a home because the owners, Nathan Connolly and Shani Motta, were Black — and were also denied the owners’ mortgage refinancing application with loanDepot based on the lower appraisal, which violated the FHA and ECOA. Lanham, et al.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. With a desktop valuation, appraisers use extensive data gathered by third parties and public records in place of a physical inspection to complete the appraisal. But what is a desktop appraisal, how does it work, and how does it compare to a full appraisal?

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Housing Wire

DECEMBER 29, 2022

Against the grain of these challenges is a robust marketplace for jobs, so we see opportunities to modernize the mortgage application process through smart technology. HW: Heading into 2023, what do you think the government will be focused on when it comes to housing?

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PennyMac

OCTOBER 10, 2023

Once your appraiser compiles and analyzes all the information and data, they will present a final report of your home’s value. We put together a checklist of common (and not-so-common) tips to help you get a high valuation from your appraiser. What Do Home Appraisers Look For? Do Your Own Appraisal Imagine that you are the appraiser.

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Housing Wire

NOVEMBER 5, 2023

It makes me nuts when I see a real estate agent offering “free home valuation” as if that is something special. This involves following up, offering continuous value, and being present in the community through local events and other activities. Using technology Modern circle prospecting often involves the use of technology.

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Appraisal Today

JUNE 16, 2023

(Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

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