Housing Wire

JANUARY 3, 2022

Appraisal management company Clear Capital , in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its photo review product , ClearPhoto. Permanent desktop appraisals are a win for everyone – here’s why. Presented by: Accurate Group.

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Appraisal Buzz

JANUARY 10, 2022

SettlementOne Valuation Welcomes Matthew Scott as Chief Operations Officer, and Dave Roberts as Senior Vice President of Strategic Accounts, Accelerating Its Growth and Expansion Plans for 2022 and beyond. Indianapolis, Indiana, December 2021 – SettlementOne Valuation, a leading provider of appraisal management services to the U.S.

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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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Housing Wire

DECEMBER 23, 2022

The Federal Housing Finance Agency (FHFA) isn’t doing all that it can to prevent appraisal bias, according to the agency’s Office of Inspector General. It should also alert regulators and licensing authorities when it files complaints against appraisals, the OIG said. million active appraisal records to the U.S.

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Housing Wire

JANUARY 18, 2023

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

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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 24, 2022

That was the startling and totally hypothetical analogy made, based on the current structure of the Appraisal Foundation , in a scathing report released this week. Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote.

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Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. The firm had about 1,400 employees at the end of 2021. “We We’ve been a company that’s been investing very heavily in bringing data analytics and technology into the valuation space.

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Housing Wire

NOVEMBER 5, 2021

There are two significant issues in our industry right now — appraisal bias and origination volume. Both of these issues accelerate the importance of appraisal modernization. What is appraisal modernization? To go back to the full HousingWire Annual 2021 on-demand page, go here. Watch the full session below.

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Housing Wire

NOVEMBER 11, 2021

Amrock , a title insurance, property valuations and settlement services provider that is part of the Rocket Companies family, announced Wednesday that longtime CEO, Brian Hughes will be retiring later this month and Nicole Beattie, the current vice president of mortgage servicing at sister company Rocket Mortgage , will take over.

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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)

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Appraiserblogs

APRIL 10, 2023

The article titled “FHFA Data Fueling Looks into Appraisal Bias” was in the Inside Mortgage Finance Publications e-newsletter on 4/06/23. According to aggregate statistics from the Uniform Appraisal Dataset released by the FHFA, roughly 57% of appraisals were above the contract price in 2021.

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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.

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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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Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

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Housing Wire

MAY 27, 2022

In October 2021, a multi-agency effort to combat redlining was announced between the CFPB, the Department of Justice and the Office of the Comptroller of the Currency. These algorithms are black boxes behind brick walls,” Chopra said during a press conference in 2021.

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Cleveland Appraisal Blog

FEBRUARY 11, 2022

Just like going cheap when buying running shoes can be costly, the same is true when it comes to hiring an appraiser. If you’re in need of an appraisal, I highly recommend not going with the cheapest appraiser. At first glance, two appraisals may both look impressive to someone who doesn’t know anything about appraisals.

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Magnusson Group

JUNE 28, 2021

Las Vegas ASA International Appraisal Conference, October 24-26, 2021. She created the $40 million Fine Art Collection for the Las Vegas CityCenter Campus and worked with Steve Wynn, Mandalay Bay, and MGM developing their art collections. Check out this amazing International Appraisal Conference schedule.

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Housing Wire

DECEMBER 8, 2023

Department of Housing and Urban Development (HUD) believes housing has a role to play in combating the opioid overdose epidemic. Housing can help fight the epidemic that killed an estimated 70,601 people in 2021, according to the National Institutes of Health (NIH), HUD said.

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Appraisal Buzz

JULY 11, 2022

Part one of this series on the subject of Appraisal Review provided an overview of the risk management concepts used by many lenders today to manage risk associated with real estate lending. But any expectation that such a robust tool can be developed and utilized effectively is neither feasible nor plausible.

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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.

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McKissock

MAY 13, 2022

How do you stay up-to-date on the latest appraisal news and trends? They’re also entertaining and super convenient since you can stream them during your morning commute or while you’re driving to appraisal appointments. Whether you listen in your car or at your desk, here are seven excellent appraisal podcasts to check out.

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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.

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McKissock

AUGUST 17, 2021

As people continue to build and retrofit according to more eco-friendly standards, the value of “green” has come into greater demand, presenting an opportunity for real estate appraisers. Here are just a few of the top benefits of appraising green homes. Green home appraisers offer a unique skill set.

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Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

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McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. In this Pro-Series webinar , bank appraisal manager Alex Gilbert discusses best practices for when the purchase price is not supported by the available comps and market data.

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Housing Wire

MARCH 31, 2021

In March 2020, the CFPB announced it would no longer require certain lenders to report quarterly information under HMDA, however, now the agency is instructing all financial institutions to do so beginning with their 2021 first-quarter data due by May 31. How servicers can stay ahead of Biden’s potential regulatory changes.

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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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Cleveland Appraisal Blog

SEPTEMBER 21, 2023

Anastasia Corjan reached out to me a little over a year and a half ago to invite me to be an Appraisal Ambassador for them. In the following interview, she shares with us a little about CubiCasa, her journey there, and some tips on how appraisers can attract more non-lender work. CubiCasa Digital GLA was launched by CubiCasa in 2021.

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McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. USPAP Standards Rule 1-2 (c) requires the appraiser to identify the type and definition of value.

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McKissock

JULY 16, 2021

Are you about to take your appraisal licensing and certification exam and have knots in your stomach? Then you’re in luck, because our Pro-Series webinar, “Proven Test Taking Tips for Your Real Estate Appraiser Exam,” is back by popular demand!

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McKissock

DECEMBER 29, 2020

McKissock Learning is excited to announce that we’ll be hosting a three-part series of “Appraisal Math” webinars, presented by Dr. Sam Martin. Get the tips and tactics you need to feel confident about appraisal math without having a degree in mathematics. Part 2: The Income Approach (Wednesday, February 10, 2021)*.

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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. Using Recursion’s mortgage big data intelligence, Clear Capital can introduce more accurate and timely property valuation solutions into the marketplace. About Clear Capital.

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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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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.

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D Fritz Appraisals

DECEMBER 16, 2022

Between 2021 and 2022, house prices in BC rose by an average of 23.3% Read on for more about how your property tax assessment is calculated, what to do if you think your assessment is too high and how a professional appraisal company can help you with your appeal. 96% of cases were solved this way in 2021. Property visits.

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Housing Wire

JANUARY 29, 2021

HousingWire reached out to Collett to hear more about the current market and what to expect for interest rates and loan volumes in 2021. The prospects of quantum growth is also extremely exciting since nonbank lenders have basically dominated the development of tech and the digitization of mortgage.

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