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

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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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

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

SEPTEMBER 19, 2023

The calculations reached by CubiCasa technology are aligned with American National Standards Institute standards and the technology can be used without prior training by anyone with a smartphone. CubiCasa, a Finnish company, was acquired by appraisal management company Clear Capital in 2021.

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Housing Wire

NOVEMBER 28, 2023

According to the firm, CubiCasa’s technology reduces the subjectivity and inconsistency of the traditional “hand-drawn sketch” method of determining a home’s size, still used by appraisers today, and empowers even untrained homeowners to produce accurate results. Cubicasa was acquired by appraisal management company Clear Capital in 2021.

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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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Walitt Solutions

NOVEMBER 22, 2019

In a recent introductions meeting with an appraisal management company, we discussed my performing an overall “health” exam of the company’s daily and back-office operations. One failure identified recently at an appraisal management company was the lack of training. Former Deputy U.S. In short, no.

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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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Appraisal Real Estate Valuation Contracts 87

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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Marketing Real Estate Agent Real Estate Appraisal 300

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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Appraisal Process Appraisal Modernization Training 78

Housing Wire

APRIL 2, 2021

It also provides IT infrastructure experts, back-office support, and training for the franchisee. How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one? Streamline by combining services. Presented by: Altisource.

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Insurance Agents Training Valuation 328

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. Another difficulty with appraisals historically has been appraiser capacity.

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Valuation Modernization Training Appraisal Process 366

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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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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Housing Wire

APRIL 18, 2023

The refinance wave of 2020 and 2021 made clear that the various leaks and clogs in the operational process can grease the skids toward leaving money on the table. Vendor management, be it in the valuation, title insurance or closing process, offers a number of opportunities for increased efficiency and decreased cost.

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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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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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Appraisal Valuation Business Contracts 407

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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Housing Wire

JUNE 15, 2021

This is accomplished through obtaining an appraisal. . President Joe Biden recently addressed the appraisal bias topic in comments made as part of the centennial commemoration of events in Tulsa, Oklahoma, asking for an “interagency effort to address inequity in home appraisals.” Notably, here in Washington, D.C.,

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Appraisal Valuation Law Lending 395

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Appraisal Construction Contracts Architecture 78

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. It is not an appraisal and can’t be used in place of an appraisal.” -via Rascoff replies, “It’s a starting point, but if you want to get a more accurate opinion of your home’s value, you should talk to a real estate agent or an appraiser.”

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Clear Capital

JULY 28, 2021

To fulfill its mission, NAMMBA provides programs and initiatives to introduce minorities and women into the mortgage industry, including recruiting, advisory, networking, and training for enterprises and individual professionals. Clear Capital increases commitment to better serve today’s rapidly changing housing market. ORLANDO, Fla.

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Appraiserblogs

APRIL 20, 2021

…other states will also modify their appraisal license renewal CE class requirements to include some form of anti-bias training… Folks, I attended the ACTS Conference in Bay St. Louis, MS, sponsored by National Association of Appraisers, last week.

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McKissock

FEBRUARY 4, 2022

Incenter Appraisal Management and McKissock Learning partner to host several desktop valuation training webinars. Read on for more appraisal news. trillion in value in 2021,” hitting the $40 trillion mark in June. year-over-year in December 2021. Class Valuation continues its acquisition spree.

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Construction Housing Market Appraisal Training 52

McKissock

AUGUST 31, 2021

Looking for tried-and-true strategies to increase your real estate appraiser income ? Last month, we surveyed our appraisal community to find out, “What’s the BEST way to earn more money as an appraiser?” Read the full survey results below, including helpful comments from real-life appraisers. ” Did you know?

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Appraisal Technology Valuation Business 72

Appraiserblogs

AUGUST 3, 2021

The exclusion of the appraisal profession from events looking at valuation bias sends the message – intentional or not – that the input of appraisers is unwanted by those seeking to address issues relating to valuation bias… This was in a news release put out on Aug.

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Appraisal Valuation Training Development 147

Appraiserblogs

JUNE 22, 2021

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages. Help is needed to explain the appraisal industry, including the specialties and the types of reports.

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Real Estate Appraisal Valuation Training 178

Clear Capital

SEPTEMBER 21, 2021

As appraisal modernization and digitization initiatives take hold, it’s now more important than ever to standardize the calculation of a home’s gross living area (GLA). It’ll also help build confidence in the accuracy of hybrid appraisals. The days of needing months of training to produce accurate GLA are now history.

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Appraisal Appraisal Process Modernization Valuation 69

Housing Wire

OCTOBER 7, 2020

Its Enterprise Solutions group includes title and closing service providers WFG Lender Services, WFG Default Title Services and Valutrust Solutions, a national appraisal management and property valuation provider. To 2021 and beyond.

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Insurance Real Estate Technology Loan Officers 370

Appraiserblogs

JUNE 21, 2021

After all that Appraisers have been through over the last 15 years, the racial bias narrative and the allegations of racial discrimination in... Related Posts: Biden Calls Out Racial Bias Among Appraisers To counteract low appraisals in minority neighborhoods, Biden says he’ll push for training to address racial bias among appraisers.

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Housing Wire

JUNE 27, 2022

About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. Compared with 2021, origination volume is expected to drop 40% from last year’s $4 trillion origination volume. But the boom times are over, and he knows it. Though not necessarily to buyers with financing.

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Housing Market Marketing Brokerage Real Estate 437

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.

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Housing Wire

JANUARY 11, 2022

Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I I was extremely upset that any of that stuff would be in an appraisal report.”.

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Appraisal Training Real Estate Appraisal Process 394

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.

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Appraisal Valuation Inspection Law 368

The Robert Weiler Company

NOVEMBER 10, 2021

Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease. Ideally, you want your property to be at or very near an intermodal transit point where planes, trains, trucks, and seagoing vessels easily interchange. percent in the second quarter of 2021.

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Real Estate Retail Investing Tenants 78

Clear Capital

SEPTEMBER 22, 2021

Combination of national valuation tech company and innovative proptech startup will accelerate appraisal modernization and further democratize property data and insights. CubiCasa’s mobile capture technology can be used without prior training by anyone with a smartphone.

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