2017 Inspection Modernization Valuation 
Housing Wire
AUGUST 31, 2023
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. The original appraisal waiver solutions were launched in August 2017.
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. In these scenarios, no inspection or appraisal of any kind is performed on the property. Poor data visibility. Delegating onsite data collection.
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Clear Capital
OCTOBER 27, 2022
This inspection-based appraisal waiver program allows lenders to originate certain Freddie Mac-eligible cash-out and rate and term refinance mortgage loans without an appraisal. This solution increases underwriting efficiency and reduces the time to closing with shorter valuation times. How does ACE+ PDR work?
Appraisal Today
OCTOBER 13, 2023
Revising the definition of personal inspection For purposes of clarification, the ASB revised the definition of personal inspection to read, in part: “(for an appraisal assignment) the appraiser’s in-person observation of the subject property performed as part of the scope of work…” There are three key elements to this definition.
Clear Capital
SEPTEMBER 29, 2021
Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. Kenon Chen.
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