Housing Wire

JANUARY 14, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on Jan.

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Lending Appraisal Inspection Property Appraisal 539

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 Inspection Real Estate Agent Training 407

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

OCTOBER 18, 2021

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession?

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Housing Wire

DECEMBER 8, 2022

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. What’s going on?

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Appraisal Process Appraisal Logistics Valuation 356

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.

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Tools Appraisal Appraisal Process Real Estate 386

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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National Association of Realtors

JANUARY 24, 2022

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

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Inspection Contracts Realtors Buyers 81

Appraisal Buzz

OCTOBER 27, 2021

“A New Appraiser Discusses his Journey into the Industry” was originally published in May 2021. In this Buzzcast, we have Marcus Knight, a recently licensed appraiser diving into his firsthand account with the Appraiser Diversity Initiative (ADI) by Fannie Mae and the challenges facing trainee appraisers today.

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Appraisal Inspection Real Estate Development 358

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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Appraisal Inspection Real Estate Agent Valuation 195

McKissock

MARCH 24, 2023

On April 12, 2023, McKissock Learning will host a FREE one-hour, non-credit Pro-Series webinar titled “Virtual Inspections with RemoteVal.” Plus, check out the FAQs below to learn some basic info about virtual property inspections with RemoteVal in advance of the webinar. Register now. What is RemoteVal?

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Appraisal Buzz

DECEMBER 15, 2021

On December 15, 2021, Fannie Mae issued Announcement SEL-2021-11 which heralded a number of changes that were made to its Selling Guide. As of April 1, 2022, Fannie Mae will require appraisers to measure subject property improvements using ANSI Standard Z765-2021.

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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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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

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. And don’t even think about making an offer below asking price in 2021, officials said. You won’t win the bidding war.

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Appraisal Buzz

JUNE 4, 2021

In today’s Buzzcast, we dive into a firsthand account from a new appraiser of the Appraiser Diversity Initiative (ADI) by Fannie Mae and the challenges facing trainee appraisers today. They delve into what exactly he faced during the program and how diversity in the appraisal industry is necessary for its continual growth.

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Appraisal Buzz

MARCH 14, 2022

According to a new report from Redfin, prospective homebuyers who offered cash payments were more than four times as likely to win a bidding war as those who didn’t in 2021, currently making all-cash offers the most effective strategy to secure a home with multiple offers.

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Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

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Appraiserblogs

OCTOBER 21, 2021

The desktop appraisals are not necessarily more reliable, which could become an adverse issue for appraisers in the future… Appraisers, we learned about this late on Monday, Oct. 18, 2021: Sandra L. the desktop appraisals) put in place for appraisers after COVID-19 hit, have ended.

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Housing Wire

AUGUST 3, 2022

National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. According to a Class Valuation press release, AppraisalTek operates in all 50 states, as well as the District of Columbia, and has a “significant staff appraiser impression” in Arizona.

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Appraisal Buzz

AUGUST 25, 2021

NEW YORK / Aug 24, 2021 / – PropMix.io, the creator of the real estate valuation platform called Market Conditions Advisor (MCA), has rebranded the platform to better reflect its vision and capabilities. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. The name Profet.ai

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Appraisal Buzz

MAY 19, 2021

Have you joined the Appraisal Buzz Forum yet? Our first winner was Jeremy Bagott for his post in “Appraisers in the News” regarding Texas appraisers and USPAP. He dives into how no state agency has adopted the 2020-2021 USPAP within the state. You can post every week for your chance at winning!

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Housing Wire

AUGUST 8, 2022

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. “By offering a free version of our mobile scanning technology in the U.S.,

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Property Management Technology Real Estate Valuation 520

McKissock

FEBRUARY 23, 2021

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Top 3 appraisal CE courses trending right now.

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Appraisal Inspection Development Design 52

DataMaster

APRIL 15, 2021

Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. Why are appraisers so happy with their jobs? What makes real estate appraising so enjoyable? Starting The Day.

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Realtor

JULY 13, 2021

year over year, according to the Realtor.com June 2021 Housing Market Trends Report. Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems.

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Inspection Real Estate Agent Real Estate Buyers 203

Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! baths, 2,991 square feet, 0.34

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Appraisal Business Contracts Technology 87

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 ! Every appraisal starts with identifying the appraisal problem.

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Robinson Appraisal Group

DECEMBER 15, 2020

Along with the rest of the world appraisers have had to adapt to all things Covid. Appraisers from the beginning of our national lock down were considered essential to continue the momentum of an economy that looked to be headed toward very unstable ground with the shock of the unprecedented closings and shut downs.

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Real Estate Appraisal Inspection Real Estate Agent 78

DataMaster

APRIL 15, 2021

Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. Why are appraisers so happy with their jobs? What exactly do real estate appraisers do? and 3 a.m.!

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Appraisal Inspection Real Estate Business 78

DataMaster

APRIL 15, 2021

Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. Why are appraisers so happy with their jobs? What makes real estate appraising so enjoyable? Starting The Day.

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Appraisal Inspection Real Estate Business 78

Housing Wire

JULY 29, 2022

The dip in competition often allows homebuyers to make less risky offers that avoid waiving protections like home inspections and appraisal contingencies. percentage points from June 2021. At the same time, homebuyers are facing less competition as home inventory starts to bump up slightly. year-over-year decline.

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Inventory Housing Market Inspection Marketing 466

Real Quantum

JUNE 2, 2021

Commercial Appraisal Market Survey Results May, 2021. A bout a year ago, Realquantum began conducting research to track industry changes through the Covid-19 pandemic using an appraisal industry market survey. Appraisal Activity. Exterior-Only Inspections. Appraisal Business. The major change though?

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Appraisal Marketing Inspection Real Estate 36

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. It was unremarkable.

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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 Inspection Real Estate Agent Technology 88

Housing Wire

JULY 11, 2022

The Ernst Fee Service is used by lenders to minimize fee cures by providing recording fees, transfer taxes, property tax, title, settlement, inspection data, and lender and appraisal fees. . trillion in 2021. Black Knight, which has agreed to be bought by rival ICE Mortgage Technology in a deal v alued at $13.1

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Tools Property Taxes Loan Officers Inspection 326

Appraiserblogs

DECEMBER 17, 2021

On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. Here are some items for appraisers to consider when using the ANSI standard Measurements. Related Posts: Is ANSI for Appraisers Really the Answer? Every week I talk to appraisers in different….

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