Housing Wire

SEPTEMBER 21, 2021

The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis capabilities. Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said. How increased regulation presents a huge opportunity for lenders.

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Housing Wire

MAY 27, 2022

By combining the power of emerging technologies like artificial intelligence (AI) and machine learning (ML) with a true commitment to diversity at every stage of the valuation chain, we can build a consciously unbiased appraisal system that delivers more equitable and accurate conclusions.

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Appraisal Buzz

APRIL 19, 2022

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. Appraisers prefer Asteroom’s data because it includes a 3D tour that allows the appraiser to view the property remotely in its entirety for accurate and reliable appraisal results.

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Appraisal Buzz

APRIL 15, 2024

The new data set is all encompassing for every property type (residential) that were traditionally divided into 12 separate forms. The appraiser will be led through a process, defined by the scope of work. This scope of work is determined by the type of property and the characteristics of the property.

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Housing Wire

MARCH 5, 2021

These factors combined to throw the appraisal industry in flux. It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially? Plus, a lot of appraisers are nearing retirement age and don’t want to take on someone else at the moment.”

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Appraisal Buzz

JANUARY 24, 2022

Buzz : What is your background in the appraisal industry? Mark Walser : I am a technology and operations executive with 13 years of progressive management in all aspects of AMC operations and technology with various AMCs, and am the President of Incenter AMC. Technology is like water; it seeks its own level.

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Appraisal Buzz

JANUARY 24, 2022

RemoteVal training will help appraisers spend more time on professional analyses while maintaining overall control of the inspection process,” said Renee Altier, President, Valuation and Property Services, Colibri Group, whose businesses include McKissock Learning. For more information, please visit incenteram.com.

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Cleveland Appraisal Blog

JULY 6, 2022

Depending on the appraiser’s client’s requirements, a homeowner could certainly download the Cubicasa app, scan their home and send the floor plan and measurements to the appraiser. Using this technology is a form of data collection. That’s really one of the beautiful aspects of this new technology!

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The Robert Weiler Company

APRIL 12, 2023

The County Auditors are responsible for ensuring that every parcel of land (and any buildings within) are fairly and consistently appraised and assessed for tax purposes. In addition to auditors completing their physical reviews, in recent years, the State also gets a boost from technology.

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Appraiserblogs

APRIL 6, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending… No Appraisals Required. The End of Appraisers? No appraisal may be required in the future!

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Housing Wire

AUGUST 31, 2023

While all data collectors are held to similar minimum requirements, some may be equipped with enhanced technology to capture data. For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property.

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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. Both GSEs argue that these approaches advance equity.

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

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

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Housing Wire

NOVEMBER 30, 2021

These and other steps are sorely needed to bring the appraisal process in line with advances to digitize mortgages, utilizing technology to combat inconsistencies that continue to beleaguer the profession, and reduce closing slowdowns often caused by appraisal capacity issues.

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McKissock

OCTOBER 8, 2021

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year. Opportunities for future appraisers.

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McKissock

DECEMBER 28, 2021

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. Major unknowns in the coming year. Tampa, Fla.),

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Housing Wire

JANUARY 10, 2023

Property Appraisal. I would be remiss not to choose appraisal as the first area that desperately needs action. Visibility on issues of fairness, policy change for modernization and technology for innovation are all at our fingertips. Let’s explore three areas that exemplify the need for action-oriented behavior.

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Housing Wire

JANUARY 20, 2022

And they question the power of The Appraisal Foundation , a private, nonprofit group that has become the de facto maker of appraiser qualification standards. The report was released as the Biden administration’s task force on appraisals – Property Appraisal and Valuation Equity , or PAVE – has yet to make their own recommendations.

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Housing Wire

JANUARY 14, 2022

Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections. We are experiencing the phenomenon of people realizing that their job is portable, so they sell the Brownstone in Brooklyn for $1.5

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McKissock

APRIL 6, 2021

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. Upcoming webinar: Tame the Chaos with Appraisal Technology that Scales. Sign up now.

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Realtor

JUNE 29, 2020

With an appraisal waiver, however, also known as a property inspection waiver, the loan is underwritten without hiring an appraiser. Instead, the lender assesses the property. Appraisal waivers were once rare, but the coronavirus pandemic has made them more popular. How to apply for an appraisal waiver.

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Real Quantum

NOVEMBER 24, 2020

The appraisers that work for you are the future of the business and the profession. It’s important that they are always challenged to learn a new skill, scope of work, property type, or technology. When you motivate your commercial appraisal team and they excel at tasks assigned to them, they add value to the company.

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McKissock

DECEMBER 8, 2020

This requires being flexible and open to learning new things, such as new skills and technology tools. Those who embrace technology and work to stay up-to-date on the latest tech advances within the industry will have a better chance of success. That sense of curiosity will come in handy in your work as a property appraiser.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

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The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

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AmeriMac

OCTOBER 30, 2023

The property inspection waivers are available for mortgages and refinances that meet specific eligibility requirements, including those with lower loan-to-value ratios, single-family and condominium properties, principle residences and second homes, and when Fannie already has a prior appraisal on the property, among others.

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McKissock

DECEMBER 4, 2020

” “Green technology is just starting to take hold in the Eastern WV panhandle. ” Relocation appraisal (12%). “This seems like an interesting type of appraisal that I haven’t done.” ” Free Download: Your Guide to an Appraisal License Upgrade. Other (19%).

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Real Quantum

AUGUST 3, 2022

They provide a variety of commercial valuation services specializing in multi-family, mixed-use, industrial, commercial, new construction, and land property appraisal services and have recently diversified into one- to four-family residential appraisal services. Westrock has had technology innovation in its DNA from the start.

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McKissock

FEBRUARY 13, 2023

Jeffrey Hogan Jeff has over 30 years of experience as a state-certified real estate appraiser. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. This includes the development and enhancement of automated appraisal-scoring tools and analytic products.

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Housing Wire

FEBRUARY 7, 2022

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said.

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Clear Capital

MAY 24, 2022

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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Clear Capital

JANUARY 5, 2023

The appraisal industry also is incredibly analog, so typical tools of the trade include clipboards, tape measures and pencils for capturing information to manually input into a computer back at the office. New technology has emerged to help appraisers digitize the collection of data and respond to a changing regulatory environment.

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Boston Appraisal

JUNE 24, 2019

Green buildings are defined as properties that use renewable energy and efficient building materials in their operation, construction, and design to create positive impacts on human and environmental health. Finally, as technology progresses, these elements will become not only more efficient but also more affordable.

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Clear Capital

APRIL 9, 2022

In late March, the Biden Administration released its Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) report. Designed to mitigate bias in the real-estate appraisal process, the report recommended a multi-pronged approach to change how homes are valued and sold in the United States.

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Realtor

JUNE 29, 2020

With an appraisal waiver, however, also known as a property inspection waiver, the loan is underwritten without hiring an appraiser. Instead, the lender assesses the property. Appraisal waivers were once rare, but the coronavirus pandemic has made them more popular. How to apply for an appraisal waiver.

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Housing Wire

JANUARY 14, 2022

Finally, we also see a possibility for the introduction of an even broader set of alternative appraisal products that incorporate new technology and processes to further address issues with turn times, racial bias and supply constraints. The topic of racial bias in real estate, and in appraisal, has been a hot one. Racial bias.

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