Appraisal Buzz

DECEMBER 27, 2021

More of them are willing to pay a premium price in a fast-moving market, and appraisers struggled to keep up, so the gap has remained quite wide throughout 2021. Thus, the FHFA will likely have to develop a set of best practices in the coming years to prevent these snags and protect you and lenders. Shifting Toward Modernization.

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Housing Wire

JANUARY 14, 2022

HomeSmart has yet to give itself a valuation or declare how much money it seeks to raise in a public offering. The company generated $478 million revenue in the first nine months of 2021 – a figure that includes what income is earned by their independent contractor agents, and posted a $2.3 million loss at 2021’s three quarter mark.

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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. At Clear Capital, Brenan oversees the quality of the company’s appraisal and valuation products and implements changes to continually evolve the program. .

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Appraisal Buzz

FEBRUARY 7, 2022

During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances. Inspection relief was successful as lenders and appraisers developed appropriate processes.

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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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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

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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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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DW Slater Company

JUNE 16, 2022

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Recent data from a NAR study reveals that institutional investors bought more than half of the homes sold in Tarrant County in 2021. Lenders See Considerable Value in Appraiser Modernization – Fannie Mae.

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DataMaster

FEBRUARY 3, 2021

Until February 26, 2021, FHFA will take your feedback on the RFI , giving you a few more weeks to get your response sent in. While all 4 components of the RFI are important, we’ll address appraisal modernization in this post. Appraisal Modernization. Four Components of the RFI. The Detractors. Change is Good!

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Clear Capital

JULY 28, 2021

From recruiting to the way we think about product development, diversity and belonging are at the heart of the impact we want to create.”. Our story began in the mountain town of Truckee, California 20 years ago, when we pioneered delightfully simple, web-based valuation technology solutions for an industry relying on paper.

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Real Quantum

JANUARY 10, 2021

Realquantum – Rockport VAL Integration Drives New Efficiencies for Commercial Real Estate Valuation Professionals. JANUARY 11, 2021 – NEW YORK AND KANSAS CITY. Realquantum, the commercial real estate valuation technology company announces a new integration with Rockport VAL’s cash flow modeling & valuation SaaS platform.

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Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets.

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Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). Joan Trice, Founder and President of the CRN states, “gross living area (GLA) is one of the most important inputs in a valuation report. Technology impacts.

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Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination.

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Appraisal Today

DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. Fannie New Appraisal Form Modernization. We recently scanned millions of appraisals from 2021 – 2022 for subjective terms. Worth attending. Work the Angles.

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Housing Wire

FEBRUARY 16, 2022

The previous deadline, announced in mid- 2021, was March 14, 2022. According to a report published by the Department of Housing and Urban Developmen t’s inspector general last year, momentum around the project stalled in the first part of 2021. I feel really good about where we are with FHA Catalyst,” she told HousingWire.

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Appraisal Buzz

JUNE 20, 2022

Adoption of the Square Footage-Method for Calculating, American National Standards Institute (ANSI) Z765-2021 upended the long-standing routine and methodology for thousands of appraisers. All the talk and attention given to appraisal modernization, appraisal waivers, desktop and hybrid appraisals contributes to anxiety.

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The Robert Weiler Company

JULY 6, 2021

With the emergence of factories, production efficiency, and mass manufacturing, industrial space for rent became the backbone that supports today’s modern cities. Amazon is the iconic frontrunner when it comes to the future of modern distribution and smart warehouses. They include showrooms, laboratories, and office space.

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Housing Wire

SEPTEMBER 17, 2022

The Federal Housing Administration on Thursday said it would pause the mandatory effective date for its electronic appraisal delivery module because it is “reassessing aspects of [its] development and implementation.”. Then, in September of 2021 , leaders at the FHA said lenders would have to make the switch to FHA Catalyst by March 14, 2022.

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Appraisal Today

FEBRUARY 23, 2024

I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. “I I couldn’t believe that something like that was out there.

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Appraisal Today

MAY 19, 2023

ChatGPT is an advanced AI language model developed by OpenAI that can be used to streamline the appraisal writing process. My first appraisal job was updating data records for an assessor’s office, converting to computerized valuation in the mid-1970s. The answer is, Yes! Nothing wrong with that. I learned a lot.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

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Housing Wire

AUGUST 29, 2022

1427, with an average 451% in revenue growth from 2018 to 2021. We sat down with Steve Sussman, NAN’s chief business development officer, to find out how the company is growing so fast and what they see for the future. SW: We hear a lot these days about appraisal modernization.

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Housing Wire

MAY 27, 2022

There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. But there is the promise of a better future on the horizon. Some researchers point to appraisal methodology as a culprit.

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The Robert Weiler Company

NOVEMBER 10, 2021

Not only that, but you want those transit links to be modern, well funded, and in high use. percent in the second quarter of 2021. That is, ground that has not been developed before it could be adapted to several real estate development types. A fundamental question to be asked: can the land be developed as you intend?

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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. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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The Robert Weiler Company

NOVEMBER 16, 2022

As Ohio Governor Mike DeWine is apt to point out, Intel, headquartered in Santa Clara, California, with 2021 revenue of $79 billion, could have chosen practically anywhere to build this mega plant. Honda Research & Development Americas. That’s about 36 months to go, or a little more than three years, if you’re keeping score.

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Appraisal Today

MAY 5, 2023

It’s not the length of the report which is of ultimate importance, it is the time necessary to develop the appraisal that is key. The Valuation of Condominiums, Cooperatives, and PUDs – Book Review. When I did my articles on ANSI in 2022, I had a long interview with Byron as he was on the ANSI Z765-2021 Standards Committee.

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Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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Insurance Modernization Lending Mortgage 360