Housing Wire

MARCH 26, 2024

California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. The settlement requires loanDepot to implement enhancements to its mortgage appraisal policies and procedures within 120 days. But the company hasn’t admitted any fault.

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Appraisal Reconsideration of Value Valuation Mortgage Appraisal 319

Housing Wire

MAY 12, 2021

Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. The post Why VA mortgage loans go to the bottom of the stack appeared first on HousingWire. Lucie, Florida. Already a member?

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Mortgage Government Clients Construction 418

Empire Appraisal Group

MAY 27, 2024

Real Estate Appraiser, Property Appraiser, Expert Appraiser, Broward Appraiser, Appraisal, Property Appraisal, Home Values, What is my home worth, divorce appraiser, bankruptcy appraiser, estate appraiser, trust appraiser, tax appeal appraiser, Broward County, Florida, real estate appraisers, appraisers, real estate, appraisal services, residential (..)

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Real Estate Property Appraisal Mortgage Appraisal Appraisal 78

Appraisal Buzz

APRIL 15, 2024

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. It all starts with the standard appraisal forms used in the mortgage process.

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Appraisal Design Lending Technology 397

Empire Appraisal Group

MAY 12, 2024

Real Estate Appraiser, Property Appraiser, Expert Appraiser, Broward Appraiser, Appraisal, Property Appraisal, Home Values, What is my home worth, divorce appraiser, bankruptcy appraiser, estate appraiser, trust appraiser, tax appeal appraiser, Broward County, Florida, real estate appraisers, appraisers, real estate, appraisal services, residential (..)

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Real Estate Property Appraisal Mortgage Appraisal Appraisal 78

Appraisal Buzz

JULY 28, 2022

There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.

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Appraisal Design Technology Mortgage Appraisal 195

Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. million armed robbery of a… Certified Appraisers vs.

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Modernization Appraisal Valuation Appraisal Process 141

Housing Wire

MARCH 8, 2023

Dubbed the “ Same Day Mortgage ,” the program is aimed at giving a competitive edge to first-time buyers who are competing against the all-cash buyers who make up 28% of home purchases, the lender said. Properties must also be eligible for an appraisal waiver and borrowers must opt-in for automated income and asset verification.

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Appraisal Mortgage Buyers Government 352

Appraisal Buzz

JULY 20, 2022

Indianapolis, Indiana, July 20, 2022 (AppraisalBuzz.com; Newswire.com) – SettlementOne Valuation, a leading provider of credit, data, and appraisal management services to the U.S. mortgage industry, today announced the hiring of Michelle Mencarini, Vice President of National Sales.

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Valuation Clients Appraisal Mortgage Appraisal 195

AmeriMac

MAY 15, 2024

In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry. We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process.

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Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Housing Wire

AUGUST 2, 2022

As our market rapidly moves from a state of frenzy to a more normalized state, mortgage and real estate executives are tasked with developing the strategies, financial resources and partnerships that position their businesses for market share growth.

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Real Estate Modernization Housing Market Mortgage Appraisal 227

Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2021. “We

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Lending Appraisal Inspection Property Appraisal 539

Appraisal Hub

MARCH 19, 2023

A home appraisal in Toronto is necessary when applying for a mortgage, refinancing, or selling your house. This appraisal will give you critical information to help you make informed choices and understand the true value of the asset. Keep reading to find out more about its significance and understand the appraisal process.

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Appraisal Property Appraisal Sellers Mortgage Appraisal 78

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. One mid-sized lender echoed the opinion of others that appraisals still take too long.

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Modernization Appraisal Lending Investing 474

Housing Wire

APRIL 24, 2023

The Mortgage Bankers Association (MBA) filed an amicus brief on Friday in response to the Consumer Financial Protection Bureau (CFPB) and the Department of Justice ‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers.

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Appraisal Valuation Legal Mortgage 353

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

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Clients Agents Buyers Sellers 377

Housing Wire

SEPTEMBER 15, 2021

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. .

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AmeriMac

JUNE 20, 2022

If you are at retirement age, or close to it, you may be seeing a lot of advertising for reverse mortgages. Reverse Mortgage Basics. If you own property, and you are 62 or older, a reverse mortgage makes it possible for you to borrow against the equity you have in your home. The Pros of a Reverse Mortgage.

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Mortgage Insurance HOA Advertising 36

Housing Wire

SEPTEMBER 9, 2020

and I counseled my client to bid accordingly, waive his mortgage contingency, then we bid $1.45 For our seller-clients, we were counseling them on how the buyers waive appraisals or waive mortgage contingencies,” Cordano said. “The client went to highest and best on Monday at 5 p.m., million and we got it.”

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Agents Marketing Clients Buyers 477

Housing Wire

MAY 23, 2022

Meanwhile, the Department of Housing and Urban Development (HUD)recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic. The Mortgage Bankers Association supports the legislation. The policy now expires on December 31, 2022. Sponsored Video.

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Law Appraisal Modernization Appraisal Process 393

Birmingham Appraisal

AUGUST 23, 2023

This can come in the form of a pre-listing appraisal to help establish a market-supported asking price for the seller. The appraisal can also give potential buyers peace of mind that the home is accurately priced and will most likely not have any value issues when the mortgage appraisal is performed.

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Agents Appraisal Valuation Appraisal Process 85

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. Prior to the appraisal, the couple did something different this time.

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Appraisal Loan Officers Valuation Finance 366

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Housing Wire

AUGUST 2, 2022

The VA’s lengthy appraisal process — or, at least, the perception that it is more difficult — is one reason sellers prefer borrowers with other kinds of financing over veterans. The department is the latest federal mortgage player to back alternative appraisals. Freddie Mac has also ventured into hybrid appraisals.

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Appraisal Appraisal Process Renovations Finance 362

McKissock

JULY 28, 2022

There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.

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Appraisal Technology Real Estate Valuation 83

Housing Wire

FEBRUARY 8, 2022

A recent federally commissioned report further detailed the appraisal industry’s dysfunctional regulatory regime. In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022.

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Appraisal Appraisal Process Valuation Renovations 363

Housing Wire

AUGUST 3, 2022

According to a Class Valuation press release, AppraisalTek operates in all 50 states, as well as the District of Columbia, and has a “significant staff appraiser impression” in Arizona. In 2018, Class Valuation, then Class Appraisal, acquired reverse-mortgage focused AMC Landmark Network.

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Valuation Appraisal Modernization Technology 326

AmeriMac

SEPTEMBER 30, 2023

This blog post will explore the importance of relocation appraisal and its purpose and approach. We’ll also discuss how it differs from mortgage appraisal, specifically designed to facilitate mortgage lending. How is a Relocation Appraisal Different from a Mortgage Appraisal?

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Appraisal Appraisal Process Real Estate Human Resources 36

AmeriMac

JULY 11, 2022

How Is a Relocation Appraisal Different From a Mortgage Appraisal? There are a lot of differences between a relocation appraisal and a mortgage appraisal. While a relocation appraisal is done to estimate the sale price of your home, a mortgage appraisal is done to qualify you for home financing.

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Appraisal Mortgage Appraisal Housing Market Inspection 36

Padove Appraisal Service

FEBRUARY 27, 2023

Many people’s experiences with real estate appraisals are limited to mortgage applications. The appraiser is usually selected, and the report ordered through the lender. The task of selecting an appraiser for purposes such as estate planning and settlement, divorce, tax appeal, etc.,

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Appraisal Real Estate Real Estate Agent Appraisal Process 145

Miller Samuel

APRIL 27, 2019

The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state.

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Law Modernization Appraisal Real Estate 367

Housing Wire

SEPTEMBER 21, 2021

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week.

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Appraisal Modernization Property Appraisal Design 415

Housing Wire

MARCH 21, 2022

United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house appraisal program. Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program.

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Appraisal Appraisal Process Client Relationships Valuation 400

Housing Wire

NOVEMBER 19, 2021

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. The fee increases, which vary by state and county from as little as $25 in Minnesota to $400 in some areas of California, will take effect Dec.

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Appraisal Marketing Finance Business 449

Appraisal Hub

JULY 29, 2021

Many people lost their jobs—and this put homeowner who cannot keep up with their mortgage payments at risk of losing their property. As a result, appraisal firms found an uptick in the demand for residential appraisals due to the pandemic. Home and Mortgage Appraisals.

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Appraisal Best Value Renovations Real Estate 78

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

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Appraisal Inspection Modernization Business 69

Birmingham Appraisal

JUNE 7, 2023

Mortgage and Financing Strengthening Financial Analysis for Loans Accountants often collaborate with appraisers in mortgage and financing scenarios. This data allows accountants to calculate accurate tax liabilities and minimize the risk of tax disputes or penalties.

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Real Estate Appraisal Valuation Legal 65