Remove 2020 Remove Development Remove Reconsideration of Value Remove Training
article thumbnail

Overcoming 2023’s biggest appraisal challenges

Housing Wire

We saw in 2020 and 2021 some of the most extensive challenges with appraisals due to the volume we experienced as an industry, and we saw nationwide turnaround times extend out to the longest I’ve seen in a decade. There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values.

Appraisal 384
article thumbnail

The appraisal industry’s governance problem

Housing Wire

Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training. The report comes just as a task force to root out bias in appraisals, led by the Department of Housing and Urban Development , finalizes its policy recommendations. “We

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HUD settles with JPMorgan over appraisal bias case

Housing Wire

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

article thumbnail

NAN’s Steve Sussman on the company’s growth strategy

Housing Wire

We sat down with Steve Sussman, NAN’s chief business development officer, to find out how the company is growing so fast and what they see for the future. SS: Before the boom that started in 2020, we were already growing well into the double digits, and then projecting for triple-digit growth before the pandemic started.