Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. Low mortgage rates fuel the demand for valuation and settlement services.

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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. This session will unpack the current challenges facing residential valuation, changes spurred by Covid-19, and the vision for moving to a risk-based approach to valuation.

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Appraisal Buzz

AUGUST 8, 2022

Appraisers who have had the opportunity to participate in an appraiser conference recently have probably noticed a recurring theme from Fannie Mae – the importance of supervisory appraisers training the next generation of appraisers. All this begs the question, why are there not more supervisory appraisers?

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Housing Wire

AUGUST 2, 2022

The Department of Veterans’ Affairs announced last week that it would allow desktop and exterior-only appraisals for some transactions. In a department memo, the VA explained that the move was a response to “high demand for appraisal services and limited availability of appraisers in certain local market areas.”.

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DataMaster

FEBRUARY 3, 2021

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Hybrid appraisals use the services of a third party.

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Appraisal Buzz

DECEMBER 27, 2021

There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. As the appraisal gap widened, the CoreLogic Price Index rose as well, reaching 15% in May of this year.

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Housing Wire

JANUARY 14, 2022

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt to market changes to accommodate their clients’ needs. Appraisal demand from generators (i.e.,

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Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. Scott Murphy, CEO of D.S.

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Appraisal Buzz

APRIL 19, 2022

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. Appraisers prefer Asteroom’s data because it includes a 3D tour that allows the appraiser to view the property remotely in its entirety for accurate and reliable appraisal results.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

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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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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. About Incenter Appraisal Management. About Deephaven.

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Housing Wire

FEBRUARY 16, 2021

Out of necessity, the pandemic spurred numerous changes in the mortgage process, including appraisals. We’re exploring that topic at our Spring Summit on March 4 and asked Brian Zitin, co-founder and CEO of Reggora , to share his expertise on the panel titled, The Brave New World of Valuations.

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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.

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Clear Capital

AUGUST 17, 2021

Partnership enables ValueLink users to order Clear Capital’s broad range of valuation products including hybrid and desktop products. August 17, 2021 —. The valuation industry is currently undergoing major changes. Our integration with ValueLink allows us to continue to deliver on this commitment.”.

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Housing Wire

AUGUST 30, 2022

If we look further towards property valuation, many concerns were exacerbated by the pandemic and a dwindling number of qualified valuation professionals. Some studies suggest the number of active appraisers is steadily declining by an average of 2.6% Lenders strive to limit risk exposure while meeting compliance guidelines.

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Housing Wire

JUNE 7, 2021

Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre , President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry. The dramatic change in value from two appraisals seems unusual. The first appraisal came back at $405k.

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Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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McKissock

NOVEMBER 9, 2021

Are you ready to turn your appraisal business into a money-making machine? 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. What parts of the appraisal process does Anow cover?

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Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? 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. When completing an appraisal, there may be four values.

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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

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac.

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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. appeared on Appraisers Blogs.

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Appraisal Process Appraisal Valuation Finance 147

Clear Capital

MAY 7, 2021

The modern appraisal embraces data and technology to gather data differently. Collecting data in a non-biased, standardized format helps decrease the systemic racial bias found in appraisals. The post “How digitizing appraisal inspections can reduce risk and bias” tech talk appeared first on ClearCapital.com, Inc.

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McKissock

MARCH 8, 2022

In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that they will cause the demise of the appraisal profession.

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Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. Interacting With an Appraiser at a Property. Don’t tell the appraiser your client needs a certain value, for example.

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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. The San Francisco based mortgage tech startup also achieved unicorn status in August of this year after a $75 million Series F seed round bumped its valuation to $1.7

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Housing Wire

MARCH 21, 2022

United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house appraisal program. Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program. New blood in the appraisal space.

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The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need. So, how are businesses valued?

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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.

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Housing Wire

FEBRUARY 16, 2022

The Federal Housing Administration announced this week that lenders have an additional year before they must submit appraisals through the FHA Catalyst: EAD Module. The previous deadline, announced in mid- 2021, was March 14, 2022. What role does appraisal tech have in creating customers for life? Presented by: Reggora.

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Housing Wire

JANUARY 12, 2023

Department of Housing and Urban Development (HUD) has begun developing a process for borrowers seeking Federal Housing Administration (FHA) financing to request an appraisal review when they suspect racial bias. . “We The group created an action plan representing a wide-ranging set of equity reforms to the home appraisal process.

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Housing Wire

JANUARY 19, 2022

Desktop appraisals will become an option for some agency-backed loans submitted after March 19. To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%.

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Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets.

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Appraisal Buzz

SEPTEMBER 1, 2021

Cincinnati, Ohio / Aug 31, 2021 / – Today Capture Data Services LLC, a data and technology company, specializing in AI-assisted real estate data collection, announced a partnership with PropMix.io LLC, a leading provider of real estate valuation solutions with their flagship valuation platform called – Profet.ai.

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