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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them?

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PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

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.” Address potential bias in the use of technology-based valuation tools through rulemaking related to Automated Valuation Models (AVMs).

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5 Resources to Save Time and Grow Your Appraisal Business

McKissock

Whether your goal is to work fewer hours and improve your work-life balance or increase productivity and scale your business, there are many technology tools available to help you complete more appraisals in less time. Additionally, other technology tools will be shared for you to adopt for on-the-job use.

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How To Select the Right AVM in an Uncertain Housing Market

Clear Capital

Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. So when it comes to valuing properties in a volatile market, as we experienced in the years since the pandemic, choosing the right AVM is imperative.

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Understanding desktop appraisals and how to use them for home valuations

Clear Capital

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. How to take advantage of desktop appraisals.

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Fannie Mae also included efforts to “modernizeappraisals in its equity plans.

Appraisal 370
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Unequal Opportunity: Addressing appraisal bias is another step toward making housing more equitable

Clear Capital

.” To arrive at a home’s value, a qualified appraiser traditionally performs an in-person inspection to assess things like amenities and conditions, then uses this information along with an analysis of comparable nearby home sales. Waters and others are seeking legislative changes to address systemic appraisal discrimination.