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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” You were hired to complete an appraisal. Can an appraisal inspection substitute a home inspection?

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Lender Toolkit and Reggora partner to streamline mortgage underwriting

Housing Wire

These data points are automatically incorporated into real-time underwriting conditions, leading to a reduction in underwriting errors and a faster overall process. “We are excited about the integration of our platform with Lender Toolkit’s AI Underwriter.

Mortgage 351
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The hybrid appraisal is here. Who benefits?

Housing Wire

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Navigating capacity concerns amidst record-high volumes

Housing Wire

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. When COVID-19 complicated the appraisal process, Xome was able to direct its lender clients to its contactless valuation option via a mobile app.

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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. Source: Inc.

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What Is Appraisal Creep When It Comes To Real Estate?

AmeriMac

These appraisals are typically conducted by licensed and certified experts and are based on, among other things, similar homes in the same neighborhood and other factors pertaining to the market. Experts looked at more than 8,500 houses that Fannie Mae had foreclosed upon between 2012 and 2015.

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What Is Appraisal Creep When It Comes To Real Estate?

AmeriMac

These appraisals are typically conducted by licensed and certified experts and are based on, among other things, similar homes in the same neighborhood and other factors pertaining to the market. Experts looked at more than 8,500 houses that Fannie Mae had foreclosed upon between 2012 and 2015.