Appraisal Buzz

AUGUST 2, 2021

Our latest edition of the Appraisal Buzz Magazine is now showing up in mailboxes all across the country! Our cover article is an incredibly insightful conversation on racial bias in the appraisal industry. We have articles to help appraisers, AMCs, and lenders grow in every aspect of their business.

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Appraisal Chief Valuation Officer Valuation Training 195

Housing Wire

MAY 2, 2022

Seattle, Washington-based real estate valuation company True Footage announced the acquisition of Spark for Appraisers , an appraisal technology firm. Spark for Appraisers sells data infrastructure software to appraisers to produce faster and more reliable appraisals. Presented by: Class Valuation.

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Appraisal Valuation Real Estate Technology 370

Housing Wire

APRIL 24, 2023

The Mortgage Bankers Association (MBA) filed an amicus brief on Friday in response to the Consumer Financial Protection Bureau (CFPB) and the Department of Justice ‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers. The home sold two months later for $465,000.

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Appraisal Valuation Legal Mortgage 359

Appraisal Buzz

SEPTEMBER 22, 2021

Valuation Expo 2021 had an amazing turnout! Valuation Expo provided attendees endless opportunities to learn, network, and prosper. We got to speak to a few attendees and we asked them what their favorite part about Valuation Expo was and why they keep coming back every year.

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Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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Appraisal Logistics Valuation Appraisal Process 363

Housing Wire

MARCH 1, 2023

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. “Our impending technology rollout will enable appraisers to deliver reports straight from the field,” Trice said. .”

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Appraisal Valuation Technology Real Estate 320

Housing Wire

APRIL 6, 2023

The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) in May for its second public hearing on appraisal bias. At the first ASC hearing in January, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra took aim at the dysfunctional regulatory system that governs the appraisal industry. “I

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Appraisal Valuation Government Appraisal Process 354

Housing Wire

MARCH 21, 2022

The fundraise more than doubles Tomo’s valuation to $640 million. The company recently raised a $70 million seed round in June 2021. Tomo added that in 2021, it closed 100% of its loans on time. million seed round for its Canadian real estate valuation platform. Startup HonestDoor also raised a $2.2

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Valuation Real Estate Agent Real Estate Investors 331

Appraisal Buzz

MAY 19, 2021

Have you joined the Appraisal Buzz Forum yet? Become a member today and you could win up to $400 on your Valuation Expo Trade Show Pass! Our first winner was Jeremy Bagott for his post in “Appraisers in the News” regarding Texas appraisers and USPAP. You can post every week for your chance at winning!

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Valuation Inspection Appraisal Housing Market 243

Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. Low mortgage rates fuel the demand for valuation and settlement services.

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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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Valuation Appraisal Technology Business 195

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

Appraisal Buzz

AUGUST 8, 2022

Appraisers who have had the opportunity to participate in an appraiser conference recently have probably noticed a recurring theme from Fannie Mae – the importance of supervisory appraisers training the next generation of appraisers. All this begs the question, why are there not more supervisory appraisers?

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Appraisal Training Appraisal Process Business 397

Housing Wire

OCTOBER 30, 2023

The Federal Housing Finance Agency (FHFA) failed to adequately document desktop appraisal reports, which clouds data on the effectiveness of the desktop appraisal program, according to a report published by the FHFA Office of the Inspector General (OIG). 18, 2021, and March 31, 2023.

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Appraisal Development Finance Mortgage 394

Housing Wire

APRIL 27, 2021

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. The Appraisal Institute , a trade association which represents appraisers, expressed its support for the legislation, and urged lawmakers to pass the bill.

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Appraisal Valuation Design Real Estate 384

Housing Wire

NOVEMBER 17, 2022

Jim Amorin, the CEO of the Appraisal Institute , on Thursday announced his resignation from the appraisal trade group. In a statement, the Appraisal Institute said Amorin’s five-year term will end effective Feb. The racial gap itself in appraised values increased by 75% during that period. as Hispanic.

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Appraisal Valuation Modernization Property Appraisal 312

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 Inspection Lending Business 435

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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Tools Appraisal Appraisal Process Real Estate 386

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 Reconsideration of Value Appraisal Process Technology 349

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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Appraisal Valuation Training Real Estate 370

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 Valuation Modernization Contracts 397

Housing Wire

MARCH 11, 2021

Despite this, not all aspects of the real estate industry have progressed equally into the digital age — including the appraisal process. This session will unpack the current challenges facing residential valuation, changes spurred by Covid-19, and the vision for moving to a risk-based approach to valuation. Already a member?

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Valuation Appraisal Process Real Estate Appraisal 166

Housing Wire

SEPTEMBER 22, 2020

However, as part of the VRM Real Estate Alliance, our service offerings include Appraisal Management offered through PCV Murcor and Title and Settlement Services offered through HighTide Settlement Services. Our valuations and settlement services are seeing increases in business flow due the current low interest rate environment.

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Valuation Mortgage Technology Real Estate 429

Housing Wire

DECEMBER 22, 2021

The report noted that home-price growth and a severe shortage of inventory worked in tandem to push housing values to record highs in 2021. How do remote valuation solutions benefit appraisers? To keep up with the high demand amid the ongoing pandemic, appraisers need a remote solution that keeps them in full control.

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Home Value Real Estate Housing Market Brokerage 401

Housing Wire

JANUARY 14, 2022

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt to market changes to accommodate their clients’ needs. Appraisal demand from generators (i.e.,

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Appraisal Marketing Mortgage Valuation 370

Housing Wire

MARCH 5, 2021

What a two-year stretch it has been for appraisers. The appraisal workforce was already in decline in 2019. These factors combined to throw the appraisal industry in flux. It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially?

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Appraisal Valuation Training Technology 432

DW Slater Company

FEBRUARY 13, 2024

Love in Real Estate I’m I wrote this blog – 4 Things I Love About Being a Real Estate Appraiser- 10 years ago! We have experienced some very large swings in the market regarding the number of appraisals needed from a very high volume where appraisers couldn’t keep up, to the now very low volume of appraisal requests.

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Real Estate Appraisal Valuation Real Estate Agent 146

Housing Wire

FEBRUARY 27, 2024

Previously, he was EVP of product development at Credit Plus before Xactus acquired the company in September 2021. Xactus provides solutions that include credit reporting, online verifications, fraud detection and property appraisal.

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Tenants Valuation Clients Training 319

Appraisal Buzz

DECEMBER 30, 2021

Moreover, low interest rates and high asset valuations continue to drive consumer spending,” says Sam Khater, Freddie. The post Mortgage Rates Rose Slightly During the Last Week of 2021 appeared first on Appraisal Buzz.

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Mortgage Valuation Appraisal Marketing 221

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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Appraisal Lending Law Finance 357

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021.

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Lending Appraisal Inspection Property Appraisal 485

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 Inspection Development Technology 435

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

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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Government Appraisal Reconsideration of Value Lending 363

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

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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Appraisal Appraisal Process Valuation Renovations 363

Housing Wire

AUGUST 2, 2022

The Department of Veterans’ Affairs announced last week that it would allow desktop and exterior-only appraisals for some transactions. In a department memo, the VA explained that the move was a response to “high demand for appraisal services and limited availability of appraisers in certain local market areas.”.

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