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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. Property data collection consists of a complete interior and exterior inspection of the subject property. More recently, Fannie Mae launched a similar solution.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. In these scenarios, no inspection or appraisal of any kind is performed on the property.

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How to take advantage of Freddie Mac’s ACE+ PDR

Clear Capital

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. The PDR is collected at the property by trained data collectors who may be non-appraisers, appraisers, or appraiser trainees. ACE+ PDR saves lenders time.

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New Construction Homes Rise to All-Time High, The Housing Market Has Doubled in the Last Decade, and More Appraisal News

McKissock

Incenter Appraisal Management and McKissock Learning partner to host several desktop valuation training webinars. “ For reference, the market hit the $10 trillion mark in 1994, the $20 trillion mark in 2004, and $30 trillion in July 2017.” Class Valuation continues its acquisition spree. Read the full story.

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What level appraiser are you?

Appraisal Today

Depending on how you were trained, at the beginner level you typically view appraisals as forms — forms with checkboxes to be checked or left blank. To read more, click here My comments : Location within a school district can be an important valuation factor. Level 1 – Beginner This is where we all start. percent the previous week.

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ClearCast Podcast E19 — Ribbon Co-Founder & CEO Shaival Shah

Clear Capital

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” To create new capacity for the industry, new approaches to valuation that are faster and better, and less prone to bias. The home inspection took longer. It’s real estate.

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