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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

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. A trained and vetted third party can perform the data collection.

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Why Manufactured Housing Deserves a Fresh Look

Genworth MI Blog

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. The 2017 Manufactured Housing Facts report by the Manufactured Housing Institute indicates that 9% of new U.S. housing units in 2017 were manufactured homes.

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Why Manufactured Housing Deserves a Fresh Look

Genworth MI Blog

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. The 2017 Manufactured Housing Facts report by the Manufactured Housing Institute indicates that 9% of new U.S. housing units in 2017 were manufactured homes.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

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. Ultimately, the FHFA’s RFI on appraisal modernization has given all participants in the mortgage transaction chain an opportunity to step into the future.

Appraisal 338
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How to take advantage of Freddie Mac’s ACE+ PDR

Clear Capital

Read on to discover where Freddie Mac’s ACE+ PDR fits into appraisal modernization, why it’s important to our industry, and how lenders can take advantage of this new solution. The PDR is collected at the property by trained data collectors who may be non-appraisers, appraisers, or appraiser trainees. What is ACE+ PDR?

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The appraisal industry’s hidden hand

Housing Wire

A variation of the conduct code was inserted into the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, and the modern AMC was off and running. The 2017 interagency rule gives states the authority to bring civil actions to ensure appraiser independence, but it doesn’t explain the particulars.

Appraisal 405
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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. It’s quite amazing how the midcentury modern style has endured, persisted, and reemerged. Level 1 – Beginner This is where we all start. There is no shame in this level.