Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.

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Appraisal Buzz

FEBRUARY 7, 2022

During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances. Appraisers rely on standards of practice and processes. Lenders rely on regulation and policy.

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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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Housing Wire

AUGUST 21, 2023

Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. The company was No. 658 in the 2023 Inc.

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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. Thus, the FHFA will likely have to develop a set of best practices in the coming years to prevent these snags and protect you and lenders.

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McKissock

DECEMBER 3, 2021

During the last several weeks, the task force has held online “listening sessions” to solicit feedback from appraisers, lenders, and other stakeholders in the residential mortgage lending industry.

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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 a trusted partner can help share the load, this drives down the technology burden without the onerous runway of long-term development. billion dollars in annual losses.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

To make this determination, the appraiser must first determine the Highest and Best Use of the land. Therefore, for each sale, we must develop a reliable opinion of the value of its land. We’ve just developed the total economic life for one of the sales. That is when the appraisal is developed correctly.

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Housing Wire

JANUARY 11, 2022

President Biden tasked the Department of Housing and Urban Development with leading an interagency task force — of which FHFA is a member — to make policy recommendations to combat bias in appraisals. But even as federal regulators tackle the problem, it is still unclear how bias typically manifests in the appraisal process.

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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

MAY 27, 2022

Fannie Mae’s “Appraising the Appraisal” study comparing appraisals to automated valuation model (AVM) data for refinance transactions found that Black borrowers received slightly lower appraisal values relative to AVMs, while white borrowers received slightly higher appraisals.

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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. Dr. Sam’s Mathemagics Videos.

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Cleveland Appraisal Blog

JANUARY 13, 2022

Chances are that one mistake is not going to lead to an appraiser’s losing their license, but it could. When it comes to these things, it can be easy to develop a skeptical attitude. The truth is, appraisers, do need to have a healthy dose of skepticism. Therein lies the value appraisers offer to the public.

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McKissock

DECEMBER 28, 2021

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”.

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Dart Appraisal

APRIL 16, 2021

Commercial Client Specialist The Client Specialist works closely with clients and appraisers in managing the ordering, processing, and completion of real estate appraisals, while ensuring appraisal independence and a compliant appraisal process. May 5, 2021. May 5, 2021. April 28, 2021.

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McKissock

JULY 20, 2021

The licensing laws and regulations for home inspectors do not permit them to develop opinions of property value like appraisers do. A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser. The post Appraisal Inspection Vs. Why are these roles often confused?

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McKissock

DECEMBER 7, 2021

To stay up-to-date, we recommend you follow and/or subscribe to reliable appraisal news sources , talk with fellow appraisers and other real estate professionals, and take high-quality continuing education classes. Learn more in our free guide, The ROI of Professional Development for Appraisers.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals. .

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Empire Appraisal Group

JULY 1, 2021

It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market. Good appraisers want as much information as they can get,” said Claire Aufrance, an appraiser and broker from Greensboro, N.C.,

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. After graduation he worked for USAA in Real Estate Development. George had a Ph.D. Clear communication.

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Listing Spark

MARCH 15, 2022

One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. What is the home appraisal process like? The appraisal I received is under contract value, what happened?

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