Housing Wire

AUGUST 28, 2023

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. AMCs have a tendency to select appraisers who are willing to work for relatively low fees.

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Housing Wire

APRIL 6, 2023

A report commissioned by the Appraisal Subcommittee in 2021 and led by the National Fair Housing Alliance found that the industry has been allowed to regulate itself, a rarity in the heavily regulated housing and mortgage industries. “I think not many people understand how this byzantine system works,” Chopra said.

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Housing Wire

MARCH 1, 2023

” The expansion model includes a full-time client service team to assist customers with the appraisal process, in addition to more than 200 staff appraisers and a network of over 16,000 panel appraisers.

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Housing Wire

FEBRUARY 16, 2021

Reggora is a venture-backed startup that provides software to speed up the appraisal process for mortgage lenders and real estate appraisers. His time with Sonder Partners exposed Zitin to the inefficiencies in the modern appraisal process, which led to the start of Reggora.

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Housing Wire

JANUARY 26, 2022

“Partnering with an independent mortgage broker continues to be the best choice for real estate agents and consumers, and we’re adding one more reason why with the no-cost appraisal,” said Ishbia. Appraisers are selected based on a scorecard to asses’ geographic competencies and past performance, the wholesale lender said.

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Housing Wire

DECEMBER 28, 2020

26, 2021 – highlights specifically the benefits and pitfalls of hybrid appraisals, updating the Uniform Appraisal Dataset (UAD) and an increased use of appraisal waivers. The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.”.

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Housing Wire

MAY 11, 2022

After record-breaking volumes in 2020 and 2021, lenders are now feeling a pinch once again. And when you dive into that a little further, the appraisal process and the title processes take way too many days, and they’re completely shrouded in mystery to the consumer.”.

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Housing Wire

JUNE 7, 2021

In the White House fact sheet on this issue, released early June 2021, the administration states that it will, “aggressively combat housing discrimination.” The post Is the appraisal process color-blind? Given the focus here and the clear communication from the administration, what should be done?

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Appraisal Buzz

AUGUST 8, 2022

Appraisal submissions through the Uniform Collateral Data Portal® over the past decade have increased steadily, but the number of active appraisers has remained relatively the same. In 2021, the Appraisal Foundation conducted a Diversity Survey , which reported that 66% of appraisers are age 55 or older, with 31% over the age of 65.

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Housing Wire

JANUARY 14, 2022

This data clearly illustrates the issue: Appraisal volume exceeded the high-water mark of 700,000 monthly submissions to the appraisal data warehouse on multiple occasions in 2021. The number of appraisers completing appraisals for transactions eligible for sale to the GSEs has remained relatively flat.

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Housing Wire

MARCH 11, 2021

Despite this, not all aspects of the real estate industry have progressed equally into the digital age — including the appraisal process. To go back to the full HousingWire Spring Summit 2021 on-demand summit, go here. Watch the full session below.

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Appraiserblogs

FEBRUARY 24, 2021

There is association between housing status and... Related Posts: Racial Bias by Appraisers Is Uncommon & Not Systemic Intentional and unintentional racial bias by appraisers on refinance loans is uncommon and not systemic.

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Appraisal Buzz

SEPTEMBER 15, 2021

—Digital transformation is underway with a modern approach to appraisal management—. Boston, September 14, 2021 – Reggora , an appraisal software company, improving residential real estate valuation, announced today that Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal.

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Clear Capital

AUGUST 30, 2021

August 30, 2021 —. Clear Capital , a real estate valuation and analytics fintech leader, today announced that its ClearInsight app was named “Property Valuation Tool of the Year” in the inaugural 2021 PropTech Breakthrough Awards. Company recognized for innovation in global real estate technology industry. About Clear Capital.

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Housing Wire

DECEMBER 13, 2021

The critical defect rate climbed to 2.27% in the second quarter of 2021, ending the trend of improvement in the previous two quarters. ACES said appraisal issues are well documented, with most of the concern centered around rising appraisal costs, long turnaround times, and a shortage of qualified appraisers.

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Appraisal Buzz

JULY 13, 2022

Reimagining the appraisal process has long been a goal for many, and I’m excited that our ability to create a property’s 3D Digital Twin will be used to benefit both cash-out refinance sellers as well as borrowers,” said Asteroom’s CEO & Co-Founder Eric Tsai. .: Asteroom is a 3D tour and floor plan company based in Fremont, CA.

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Housing Wire

FEBRUARY 8, 2022

There were risks, FHFA wrote, because a ”uniform regulatory framework does not exist at both the state and federal levels that holds non-appraisers accountable for their work on appraisals.” A recent federally commissioned report further detailed the appraisal industry’s dysfunctional regulatory regime.

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Appraisal Buzz

JUNE 6, 2022

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Now is your last time to sign up to receive the Appraisal Buzz Magazine for free from the Appraisal Buzz Premium Membership ! They have that much variance in what they demand of the appraisal process.

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Appraisal Buzz

DECEMBER 20, 2021

December 16, 2021 — Deephaven Mortgage today announced an alliance with Incenter Appraisal Management to give Non-Agency/Non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans. CHARLOTTE, N.C.

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Appraisal Buzz

APRIL 19, 2022

In an effort to streamline the loan process with reduced appraisal times, the mortgage industry is encouraging desktop appraisals, which are likely to see increased adoption, particularly with validated, accurate values made possible through Asteroom’s all-inclusive solution. “We

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Appraiserblogs

SEPTEMBER 27, 2021

Fannie Mae wants to hear from you about racial bias in appraisals. The survey closes on October 3, 2021. News media reports alleging racial bias in home appraisals have turned a spotlight on the appraisal process in the mortgage industry.

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Appraiserblogs

MARCH 15, 2021

FTC vs LREAB Update The Supreme Court has denied the Louisiana Real Estate Appraisers Board’s petition to intervene in the administrative case for price fixing by the FTC. The FTC trial is scheduled to proceed on April 20, 2021. VaCAP is closely following this case and will update you as it proceeds.

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Appraisal Buzz

DECEMBER 27, 2021

More of them are willing to pay a premium price in a fast-moving market, and appraisers struggled to keep up, so the gap has remained quite wide throughout 2021. Some people argue that improper appraisals are skewing the system and contributing to industry bias. Meanwhile, buyers are plucking up homes left and right.

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Clear Capital

MAY 7, 2021

Collecting data in a non-biased, standardized format helps decrease the systemic racial bias found in appraisals. Watch this Tech Talk from Mortgage Innovators Conference 2021 to learn how appraisal modernization can help unlock a better, faster, and cheaper appraisal process while closing the gap in unfair lending practices.

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McKissock

JANUARY 7, 2022

As a real estate appraiser, actions you can take to avoid bias and accusations of discrimination may include educating yourself on these issues, avoiding use of subjective terminology, carefully complying with USPAP and Fair Housing laws, and, in general, completing all appraisal assignments with objectivity and impartiality.

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Housing Wire

AUGUST 30, 2022

Some studies suggest the number of active appraisers is steadily declining by an average of 2.6% If we look further towards property valuation, many concerns were exacerbated by the pandemic and a dwindling number of qualified valuation professionals. billion dollars in annual losses.

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Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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McKissock

NOVEMBER 9, 2021

With Anow , the leading software for real estate appraisal offices nationwide, you can move beyond spreadsheets, modernize your processes, and save valuable time every day. Join us on December 1, 2021 for a FREE non-credit Pro-Series webinar, “Turn Your Appraisal Efforts into Cash – An Inside Look at Anow.”

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Genworth MI Blog

AUGUST 31, 2022

According to the National Association of Realtors (NAR), at the height of this activity in July 2021, 27% of buyers waived the inspection contract contingency. If you can’t account for condition and location in your appraisal, then you won’t have a credible one. Q: What are the concerns with buyers waiving inspections?

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Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. After a historic year for refinancing, Evolve Mortgage announced it acquired the appraisal assets of Veptas Technology Solutions from Veptas Holdings to offset its severe shortage of underwriters.

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Clear Capital

DECEMBER 15, 2021

New technology furthers Clear Capital’s efforts to modernize the appraisal process. The technology was developed by Clear Capital’s data science team to further streamline the appraisal process and equip lenders with technology that powers low-risk, high-quality decisions.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. A fundamental change.

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Housing Wire

JUNE 11, 2021

A recent Mortgage Bankers Association forecast predicted that purchase originations in 2021 will grow 16.4% Continuing in the theme of closing loans faster, Rocket Pro TPO has also recently launched an appraisal fee guarantee for its broker partners. to a new record of $1.67 Even with the refi boom cooling, brokers are staying busy.

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McKissock

JANUARY 25, 2022

In this webinar recording, Anow’s President Marty Haldane discusses what pieces of data will help you better understand your business, what tools and tech you need to make sure you’re turning your appraisal efforts into cash, and what parts of the appraisal process Anow software covers.

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Clear Capital

AUGUST 17, 2021

August 17, 2021 —. A proven leader in appraisals, Clear Capital’s hybrid and desktop offerings are driving modernization in the valuations space. ValueLink Software caters to more than 200 Lenders and Appraisal Management Companies and connects them to thousands of appraisers across the nation.

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DataMaster

JANUARY 15, 2021

Appraising in 2021. We wonder, will appraisers stay as busy as ever? We wonder, will appraisers stay as busy as ever? While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020?

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Cleveland Appraisal Blog

JANUARY 7, 2021

Welcome to 2021! CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. Crazy Appraiser Stories – APPRAISAL TODAY. Real estate trends to watch in 2021 – Sacramento Appraisal Blog. That is how value works.

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