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. The property can be visited the same day the order is placed so that data is provided to the appraiser the next day. San Francisco, CA–Asteroom Inc.

Appraisal 195

Appraisal Inspection Real Estate Agent Valuation 195

Magnusson Group

JUNE 28, 2021

Las Vegas ASA International Appraisal Conference, October 24-26, 2021. Check out this amazing International Appraisal Conference schedule. There are focus sessions on Cryptocurrency and Cannabis valuations, for the adventurous among you. Never having been to Las Vegas, I hadn’t heard much about the art scene there.

Appraisal 69

Appraisal Valuation Property Appraisal Development 69

Housing Wire

JANUARY 14, 2022

This data clearly illustrates the issue: Appraisal volume exceeded the high-water mark of 700,000 monthly submissions to the appraisal data warehouse on multiple occasions in 2021. The number of appraisers completing appraisals for transactions eligible for sale to the GSEs has remained relatively flat.

Appraisal 376

Appraisal Marketing Mortgage Valuation 376

Housing Wire

MARCH 5, 2021

It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially? Hybrid appraisals, desktop appraisers, and new online platforms are slowly being introduced, which could appeal to the newer labor force, Reese said.

Appraisal 424

Appraisal Valuation Training Technology 424

Housing Wire

MARCH 11, 2021

The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021. However, the government agency is now pushing that back to at least April 30, 2021.

Lending 477

Lending Appraisal Inspection Property Appraisal 477

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need. So, how are businesses valued?

Valuation 147

Valuation Business Buyers Market Value 147

Cleveland Appraisal Blog

JULY 6, 2022

So, what’s an appraisal inspection? The 2021-2022 edition of USPAP defines a “Personal Inspection” of a property being appraised as follows: “A physical observation performed to assist in identifying relevant property characteristics in a valuation service.” ”).

Inspection 369

Inspection Appraisal Technology Clients 369

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.

Valuation 36

Valuation Real Estate Technology Modernization 36

The Robert Weiler Company

MARCH 15, 2021

A special use property for sale may come with its own personality, recognizable throughout the community; however, size restrictions may cost you the needed foot traffic in the end. Budget : There are several considerations when it comes to forming your budget for specialty properties for sale. Such an approach isn’t controversy-free.

Appraisal 158

Appraisal Property Appraisal Real Estate Buyers 158

McKissock

NOVEMBER 5, 2021

Keep reading for this week’s appraisal news and insights. Property values continue to rise. DS News reports that t he October 2021 Home Data Index Market Report (HDI) by Clear Capital “shows that the average American home increased in value by 5.3% HUD official talks appraisal bias task force.

Appraisal 73

Appraisal Government Property Appraisal Valuation 73

Appraisal Today

JUNE 23, 2023

With respect to volume, executives at both Fannie and Freddie have pointed out that during the crazy-volume times of 2020 and 2021, appraisers were not actually able to keep up with the transactions that were taking place in the market. To read more, click here My comments: Well-written and understandable.

Appraisal 89

Appraisal Real Estate Valuation Contracts 89

Housing Wire

MARCH 13, 2023

The lawsuit alleges that an appraiser with 20/20 Valuations lowered the valuation of a home because the owners, Nathan Connolly and Shani Motta, were Black — and were also denied the owners’ mortgage refinancing application with loanDepot based on the lower appraisal, which violated the FHA and ECOA.

Appraisal 347

Appraisal Valuation Law Loan Officers 347

Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

Magnusson Group

JULY 22, 2021

Las Vegas ASA International Appraisal Conference, October 24-26, 2021. The Personal Property Conference Committee (which I chair) has chosen Ephemera and Provenance as recurring subjects at the ASA International Appraisal Conference in Las Vegas in October. A selection of cryptocurrencies.

Appraisal 36

Appraisal Property Appraisal Technology Marketing 36

Housing Wire

SEPTEMBER 17, 2022

Then, in September of 2021 , leaders at the FHA said lenders would have to make the switch to FHA Catalyst by March 14, 2022. It would also permit lenders to electronically submit, track and manage single-family property appraisals. But in February, the agency pushed back the mandatory date to March 14, 2023.

Appraisal 369

Appraisal Property Appraisal Development Insurance 369

Appraisal Buzz

FEBRUARY 21, 2022

By the middle of 2021, two out of every five mortgage and real estate transactions were classified as high risk, according to data shared by a fintech firm in partnership with the FBI. While the company took measures to correct the situation, the backlash of a security incident is something no appraisal firm wants to deal with.

Appraisal 243

Appraisal Property Appraisal Business Valuation 243

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. which can relate to valuation. I speak with a lot of Realtors and many are not oriented the same as appraisers. He remembered me from Valuation 2000. The revised amount is also 60% lower from 2021.

Appraisal 83

Appraisal Agents Real Estate Real Estate Agent 83

Appraisal Buzz

DECEMBER 3, 2021

The Interagency Task Force on Property Appraisal and Valuation Equity (commonly known by the acronym PAVE) was created in June 2021 by President Biden, and consists of representatives of numerous federal government agencies, including the Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Federal Deposit Insurance (..)

Property Appraisal 195

Property Appraisal Valuation Insurance Government 195

McKissock

DECEMBER 28, 2021

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

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. On January 4, 2021, the… The post Racial Bias in Real Estate: Is it the Appraisers’ Fault?

Real Estate 178

Real Estate Appraisal Valuation Training 178

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 69

Valuation Technology Lending Real Estate 69

McKissock

DECEMBER 3, 2021

The Interagency Task Force on Property Appraisal and Valuation Equity (commonly known by the acronym PAVE) was created in June 2021 by President Biden, and consists of representatives of numerous federal government agencies, including the Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Federal Deposit Insurance (..)

Appraisal Process 80

Appraisal Process Law Property Appraisal Government 80

Empire Appraisal Group

AUGUST 12, 2021

ANSI Z765-2021 , a standard for calculating square footage, from Home Innovation Research Labs. Except in new construction, where plans are provided, the scope of work for URAR assignments requires appraisers to measure the property. Where differences in data sources exist, appraisers must explain the difference in their report.

Sellers 78

Sellers Appraisal Development Buyers 78

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. Presented by: Altisource.

Appraisal 368

Appraisal Loan Officers Valuation Finance 368

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. First, we must acknowledge the impact that appraisal bias continues to have on minority homeowners and the broader housing system.

Appraisal 350

Appraisal Valuation Technology Modernization 350

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. Both GSEs argue that these approaches advance equity.

Appraisal 305

Appraisal Valuation Inspection Law 305

Clear Capital

JANUARY 5, 2023

As a first-time buyer, unless you are among the 6% who purchase their homes entirely with cash , you are likely financing the transaction and your mortgage lender will require an appraisal. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. In 2021, 97.7%

Appraisal 69

Appraisal Modernization Valuation Appraisal Process 69

Housing Wire

FEBRUARY 7, 2022

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said.

Insurance 344

Insurance Modernization Lending Mortgage 344