Appraisal Buzz

NOVEMBER 9, 2021

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development. The post Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation appeared first on Appraisal Buzz.

Insurance 195

Insurance Mortgage Modernization Clients 195

Housing Wire

JANUARY 25, 2023

The firm had about 1,400 employees at the end of 2021. “We We’ve been very involved in appraisal modernization [and] investment over the past five years,” Kenon Chen, EVP of corporate strategy at Clear Capital, said. “We’re

Valuation 393

Valuation Technology Modernization Appraisal 393

Appraisal Buzz

NOVEMBER 29, 2021

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) To receive this subscription directly, click here.

Valuation 370

Valuation Supply Chain Bracketing Appraisal 370

Housing Wire

JUNE 8, 2022

We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

Development 359

Development Finance Government Lending 359

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

Appraisal 77

Appraisal Contracts Business Construction 77

Housing Wire

FEBRUARY 18, 2022

This week’s HW+ member spotlight features John Brenan, vice president of Valuation Policy and chief appraiser at Clear Capital. Brenan has more than four decades of experience in the appraisal industry, previously serving in leadership roles at The Appraisal Foundation and the State of California Bureau of Real Estate Appraisers.

Training 379

Training Valuation Appraisal Real Estate 379

DataMaster

FEBRUARY 3, 2021

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. ” This RFI is your chance to impact the direction that the inevitable appraisal overhaul will go. Appraisal Modernization.

Appraisal Process 78

Appraisal Process Appraisal Modernization Training 78

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Refinance volume is projected to fall by 63% in 2022 and overall origination volume is projected to be down 35% after 2020 and 2021 had recording-setting origination volume.

Real Estate 369

Real Estate Brokerage Real Estate Agent Technology 369

Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

Appraisal 72

Appraisal Business Contracts Real Estate 72

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.

Appraisal 69

Appraisal Technology Appraisal Process Valuation 69

Appraisal Today

APRIL 21, 2023

The State Appraisal Board Wants to Throw Me Under the Bus, Right? Again, simply put, the investigator and board look to see if the appraisal meets the requirements of USPAP’s Standard 1, and if the report meets the requirements of USPAP’s Standard 2. This, to a great extent, is a function of the current political climate.

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. The answer is, Yes! Nothing wrong with that.

Appraisal 52

Appraisal Business Contracts Real Estate 52

DW Slater Company

JUNE 16, 2022

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Recent data from a NAR study reveals that institutional investors bought more than half of the homes sold in Tarrant County in 2021. Appraiser Corner. Check out this month’s information just for real estate appraisers.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

Appraisal Today

DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. Excerpts: The Collateral Risk Network (CRN) met in Sarasota on December 6th to discuss a variety of issues ranging from appraisal turn times to Fannie Mae’s economic outlook for 2023. Appraisers were encouraged to provide convenience as one aspect of quality. Worth attending.

Modernization 52

Modernization Appraisal Contracts Real Estate 52

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.

Appraisal 351

Appraisal Appraisal Process Modernization Development 351

Clear Capital

OCTOBER 27, 2021

National real estate valuation technology company well-positioned to experience continued growth in 2021. October 26, 2021 — Clear Capital, a national real estate valuation technology company, today announced it has hired more than 350 people so far in 2021, with 170 jobs currently open and accepting applications.

Valuation 69

Valuation Real Estate Technology Tools 69

Housing Wire

SEPTEMBER 17, 2022

The Federal Housing Administration on Thursday said it would pause the mandatory effective date for its electronic appraisal delivery module because it is “reassessing aspects of [its] development and implementation.”. FHA will provide further updates on its plans for electronic appraisal delivery as they become available.”.

Appraisal 391

Appraisal Property Appraisal Development Insurance 391

Listing Spark

MARCH 15, 2022

Here are a few tips on how to avoid hurting your home appraisal: What is a home appraisal? Home appraisals are a method by which an appraiser reviews a home and compares them to homes in a specific neighborhood to determine their fair market price. These two appraisal types differ very little in how they are calculated.

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Appraisal Today

FEBRUARY 23, 2024

I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. I appraise a lot of 2-4 units and regularly go to other neighborhoods for comps. million.

Appraisal 68

Appraisal Real Estate Contracts Reconsideration of Value 68

Housing Wire

OCTOBER 18, 2022

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. At the end of 2021, the company said it had 1,400 employees. due to the slowdown in the housing market, according to the firm.

Valuation 399

Valuation Modernization Real Estate Appraisal 399

Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. There is a bright spot, however.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

Clear Capital

JUNE 30, 2021

Recursion’s dataset provides a solid foundation for Clear Capital to develop more accurate real estate valuation solutions with minimum delay. Partnering with Recursion lets us develop more accurate models that will help us achieve goals in these areas and in a more timely manner.

Valuation 69

Valuation Mortgage Tools Real Estate 69

Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). It is imperative to set and adopt a standard that can be applied by appraisers as well as other stakeholders. Technology impacts.

Valuation 370

Valuation Development Technology Appraisal 370

Clear Capital

JULY 28, 2021

From recruiting to the way we think about product development, diversity and belonging are at the heart of the impact we want to create.”. Chief Development Officer. ORLANDO, Fla. This partnership is an important piece of our people-first approach. About NAMMBA. Discover more at ClearCapital.com. meghan.heath@nammba.org.

Valuation 36

Valuation Development Real Estate Agent Real Estate 36

Lamacchia Realty

OCTOBER 6, 2021

The Department of Housing and Urban Development (HUD) states that home appraisers should examine the electrical box to ensure there are no broken or frayed wires. Knob and tube wiring is no longer used in homes because it doesn’t carry the same capacity for electricity that modern homes require. April 8, 2021.

Insurance 72

Insurance Inspection Buyers Modernization 72

Real Quantum

JANUARY 10, 2021

JANUARY 11, 2021 – NEW YORK AND KANSAS CITY. Realquantum, already heralded as the premier commercial property appraisal software, helps valuation and advisory teams eliminate tedious manual work and boost revenue 50%, while helping them curate the best quality commercial property data available. Offer ends January 31, 2021.

Valuation 36

Valuation Real Estate Technology Modernization 36

Appraisal Today

SEPTEMBER 8, 2023

Problems When Appraising Airbnb & VRBO Properties by Richard Hagar, SRA Excerpts: Residential appraisers are being asked to appraise these properties, along with their elevated income, as “typical” residential properties. He is one of my go-to appraisers for these types of issues. He is an excellent teacher.

Appraisal 81

Appraisal Contracts Business Construction 81

The Robert Weiler Company

JULY 6, 2021

With the emergence of factories, production efficiency, and mass manufacturing, industrial space for rent became the backbone that supports today’s modern cities. Amazon is the iconic frontrunner when it comes to the future of modern distribution and smart warehouses. They include showrooms, laboratories, and office space.

Logistics 147

Logistics Tenants Real Estate Modernization 147

Appraisal Buzz

MARCH 28, 2022

Appraising compliance with the American National Standard for Single-Family Residential Buildings. As of this writing, Freddie Mac, HUD nor the Veterans Administration have not released a statement if they will be requiring adherence to ANSI Z765-2021. Appraiser Responsibility. Laser measuring tools.

Appraisal 370

Appraisal Tools Clients Technology 370

Appraisal Today

NOVEMBER 20, 2022

Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. Excerpts: In the recent past, when appraisers were swamped. Even with the Collateral Underwriter program review, appraisers were overwhelmed. Tier 1 appraisers have little to fear but tier 2 and 3 appraisers….

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Housing Wire

JULY 16, 2021

They’re used to modern experiences with great service and digital experience. If an appraisal doesn’t come in on time or closing documents don’t make the deadline, Tomo executives say they will still close on schedule. Tomo has a big opportunity – Freddie Mac expects purchase originations in 2021 and 2022 to approach about $3.6

Lending 441

Lending Real Estate Real Estate Agent Modernization 441

Appraisal Today

SEPTEMBER 17, 2022

Appraisers: What should you have in your car? Mace or pepper spray: To defend yourself, especially if you’re appraising REO and foreclosure properties. This was originally posted on McKissock’s Appraisal Blog, but that link was not working. Appraisers – The Past and The Future. Appraisal Business Tips .

Appraisal 52

Appraisal Construction Contracts Insurance 52

McKissock

JULY 30, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide array of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.

Appraisal 98

Appraisal Construction Architecture Real Estate 98

Housing Wire

AUGUST 29, 2022

Nationwide Appraisal Network (NAN) was the top-ranking appraisal management company on the 2022 Inc 5000 list at No. 1427, with an average 451% in revenue growth from 2018 to 2021. So, whether an appraisal was $500 or $5,000, our management fee held steady. We take a data-driven approach to appraiser selection.

Modernization 370

Modernization Appraisal Valuation Technology 370

Housing Wire

MAY 27, 2022

By combining the power of emerging technologies like artificial intelligence (AI) and machine learning (ML) with a true commitment to diversity at every stage of the valuation chain, we can build a consciously unbiased appraisal system that delivers more equitable and accurate conclusions.

Appraisal 385

Appraisal Valuation Technology Modernization 385

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

Valuation 69

Valuation Technology Lending Real Estate 69

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. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 349

Appraisal Valuation Inspection Law 349