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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Appraisal Buzz

JUNE 10, 2021

Clario becomes the first and only appraisal firm to participate in the program paving the way for the industry. RENO, Nev. — Clario Appraisal Network, Inc., Clario is the first and only appraisal firm to become SkillBridge approved and joins leading companies in other industries, including Lowes, Amazon and ADP.

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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

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. Policy can affect all segments of the appraisal profession.

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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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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

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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Housing Wire

APRIL 21, 2021

The regulator is also advancing permanent changes to be made in the appraisal space. Temporary flexibilities related to employment verification, condominium project reviews, and expanded power of attorney are being allowed to expire as scheduled on April 30, 2021, the FHFA said.

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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. said Allen. caught up,” he said.

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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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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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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) Now, we all fondly (?!) 4) Streamline (update).

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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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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

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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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

JUNE 22, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety 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.

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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? Reserve your spot.

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Clear Capital

DECEMBER 6, 2021

There are two significant issues in our industry right now — appraisal bias and insufficient capacity to meet volume demand. Both of these issues accelerate the importance of appraisal modernization. What is appraisal modernization? And how can it help with both of these topics ?

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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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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. Risk mitigation heavily informs Freddie Mac’s strategy,” Reuter added.

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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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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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Housing Wire

JUNE 8, 2022

A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022. Both GSEs also plan to take action to reduce bias in appraisals, in part by doubling down on appraisal automation.

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Housing Wire

JULY 1, 2021

The kitchen is also one of the areas that is commonly in need of modernization, from outdated appliances to antiquated cabinet styles. According to Remodeling Magazine, the 2021 average for a kitchen remodel is $26,214, adding an average of almost $19,000 to a home’s value, or 72% of the investment.

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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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McKissock

APRIL 16, 2021

With home-sale prices hitting a record high, the appraisal gap has created friction among agents, lenders, and appraisers. Appraisal waivers have exploded during the COVID-19 pandemic. The President of The Appraisal Foundation discusses the foundation’s outlook for 2021. ” Read the full article here.

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Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? What is the mark of an appraiser who is at the top of his or her “game”? For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? A Level 1 appraiser checks boxes.

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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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DW Slater Company

JUNE 16, 2022

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. Great Appraisal Reads. Who Moved My Appraisal Cheese? – Mark Buhler/Appraisal Buzz.

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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.

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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.

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Appraisal Buzz

JULY 19, 2021

In fact, I only know of four professions where people earn their living by stating their opinions: doctors, judges, economists, and professional real estate appraisers. Over the years, I’ve found being an appraiser to be a challenging but highly rewarding occupation. I’ll let you guess which one I am. Things could go a lot smoother.

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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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Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It He reentered the appraisal business through a different door. He reentered the appraisal business through a different door. It fit well. I have always been good with numbers, and I enjoy looking at houses,” he said.

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