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. 2022 Outlook for volume.

Appraisal 410

Appraisal Marketing Mortgage Valuation 410

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. Sponsored Video.

Law 418

Law Appraisal Modernization Appraisal Process 418

McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you. Boise City, Idaho.

Housing Market 79

Housing Market Appraisal Marketing Appraisal Process 79

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. United Wholesale Mortgage also hopes to make its stamp on the appraisal space.

Tools 429

Tools Appraisal Appraisal Process Real Estate 429

Housing Wire

DECEMBER 7, 2021

HousingWire sat down with Zitin to discuss how technology is impacting the future of the appraisal process and what’s to come for appraisal fulfillment in 2022. HousingWire : What projects do you have coming down the pike and what are you most excited about for 2022?

Appraisal 496

Appraisal Marketing Appraisal Process Technology 496

Housing Wire

JANUARY 18, 2023

We saw in 2020 and 2021 some of the most extensive challenges with appraisals due to the volume we experienced as an industry, and we saw nationwide turnaround times extend out to the longest I’ve seen in a decade. The solutions we have seen are focused on addressing either the supply or the demand of appraisals.

Appraisal 376

Appraisal Reconsideration of Value Appraisal Process Technology 376

Housing Wire

AUGUST 28, 2023

In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year. Fee pressure was followed by appraisal management company (AMC) requests for revisions (28%) and technology fees (26%), a category that was not included in 2022 survey responses.

Appraisal 367

Appraisal Logistics Valuation Appraisal Process 367

Appraisal Buzz

MARCH 8, 2022

In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. McKissock does not endorse any position regarding whether appraisers should accept or reject desktop appraisal assignments.

Appraisal 195

Appraisal Modernization Appraisal Process 195

Housing Wire

AUGUST 2, 2022

Exterior-only appraisals could help in cases where accessing the property could be difficult or “cause undue delay” in the appraisal process. In order to have the alternative appraisal options, lenders must be approved to participate in the VA’s Lender Appraisal Processing Program.

Appraisal 367

Appraisal Appraisal Process Renovations Finance 367

Housing Wire

FEBRUARY 4, 2022

HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Class Valuation Chief Innovation Officer Scot Rose to discuss how appraisal technology be leveraged to improve both the speed and accuracy of the overall process. “We’ve

Appraisal 312

Appraisal Valuation Appraisal Process Technology 312

Housing Wire

DECEMBER 21, 2021

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opporThe FHFA and HUD are vigorously pursuing equitable housing goals, which means big changes for lenders. Hosted by Mortgage Capital Trading. Kris Kully Partner, Mayer Brown. Scott Olson Executive Director, CHLA.

Appraisal Process 364

Appraisal Process Lending Finance Mortgage 364

Housing Wire

MARCH 1, 2023

” The expansion model includes a full-time client service team to assist customers with the appraisal process, in addition to more than 200 staff appraisers and a network of over 16,000 panel appraisers.

Appraisal 351

Appraisal Valuation Technology Real Estate 351

Housing Wire

MARCH 3, 2023

Clear Capital – the 2022 HousingWire Tech100 mortgage company , founded in 2019, has completed more than 250,000 data collections for agency loans, which utilize appraisal modernization programs. The company has a panel of more than 4,200 brokers and agents, allowing lenders to provide 97% coverage nationwide.

Modernization 394

Modernization Appraisal Real Estate Valuation 394

Housing Wire

AUGUST 23, 2022

HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization. HousingWire: Desktop appraisals became a permanent option for certain loans in March 2022.

Appraisal 320

Appraisal Modernization Appraisal Process Technology 320

Housing Wire

OCTOBER 18, 2021

Sandra Thompson, acting director of the FHFA, said both Fannie Mae and Freddie Mac will allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans starting in early 2022. Appraisers often spend much of their day driving from property to property, Thompson said.

Appraisal 529

Appraisal Appraisal Process Valuation Mortgage 529

Housing Wire

MAY 24, 2022

The main benefit of appraisal modernization, according to the first-quarter sentiment survey , is that it will help shorten the loan origination cycle time. One mid-sized lender echoed the opinion of others that appraisals still take too long. The policy now expires on December 31, 2022.

Modernization 500

Modernization Appraisal Lending Investing 500

Appraisal Buzz

JANUARY 24, 2022

LOUIS — January 24, 2022 — With Fannie Mae and Freddie Mac accepting desktop appraisals beginning in March, Incenter Appraisal Management and McKissock Learning are partnering to help appraisers update their remote inspection skills in response. CHARLOTTE, N.C. Additional webinars will be scheduled on an ongoing basis.

Training 370

Training Valuation Appraisal Inspection 370

McKissock

OCTOBER 15, 2021

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions. The following outlines some of the reference manual features. Organization.

Appraisal 52

Appraisal Appraisal Process Contracts Design 52

McKissock

JANUARY 25, 2022

In this webinar recording, Anow’s President Marty Haldane discusses what pieces of data will help you better understand your business, what tools and tech you need to make sure you’re turning your appraisal efforts into cash, and what parts of the appraisal process Anow software covers.

Appraisal 87

Appraisal Real Estate Appraisal Process Tools 87

Appraiserblogs

MAY 23, 2023

While the statute doesn’t explicitly mention that providing a loan amount is an AIR violation… When a mortgage lender seeks to make a Veterans Administration-backed home loan, the lender requests an appraisal from the VA’s appraiser panel by using a form entitled Request for Determination of Reasonable Value.

Appraisal 127

Appraisal Appraisal Process Mortgage 127

Housing Wire

AUGUST 25, 2022

With 2022 more than halfway behind us, economic indicators continue to forecast minimal refinance volume while purchase volume faces its own headwinds. In fact, remodeling expenditures set a new annual high of $391 billion in Q1 of 2022 – a number that’s difficult to ignore.

Lending 358

Lending Valuation Appraisal Process Appraisal 358

Housing Wire

FEBRUARY 8, 2022

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. Some have also touted he cost benefits that desktop appraisals could bring. Appraisers are also likely to balk at another pay cut.

Appraisal 367

Appraisal Appraisal Process Valuation Renovations 367

Housing Wire

DECEMBER 13, 2021

Given the uncertainty of 2022’s market and increasing regulatory pressures, lenders must ensure their existing QC and compliance programs are leveraging automation to maximize loan quality and mitigate risk.”. Property appreciation is still very strong, but the appraisal process becomes more important in a purchase-driven market.

Marketing 333

Marketing Legal Appraisal Process Appraisal 333

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

Appraisal 369

Appraisal Reconsideration of Value Valuation Training 369

Housing Wire

APRIL 30, 2022

In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. Floor plans with interior walls are a requirement for GSE-compliant desktop appraisals, and CubiCasa and ClearInsight are the only solutions on the market that can execute these using a mobile phone.

Appraisal 347

Appraisal Valuation Technology Real Estate 347

Appraisal Buzz

JULY 13, 2022

today announced it will launch in August a nationwide service to capture property dimension and condition reports for Freddie Mac’s ACE+PDR offering which starts July 17th, 2022. Asteroom’s solution expands upon its existing Desktop Appraisal Service for appraisal management companies and lenders.

Real Estate Agent 195

Real Estate Agent Technology Real Estate Appraisal Process 195

Kairos Appraisal Services

OCTOBER 27, 2022

October 27, 2022—Kairos Appraisal Services has expanded its service footprint to include the states of South Dakota, Oklahoma, and Minnesota. Kairos Appraisal, a nationally recognized AMC, is now licensed in 42 states. The company is known and recognized for its work in revolutionizing the appraisal process.

Appraisal 52

Appraisal Appraisal Process Tools 52

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Appraisal Process To answer this it’s important to understand the appraisal process.

Construction 79

Construction Appraisal Process Appraisal Bracketing 79

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

Appraisal 434

Appraisal Inspection Real Estate Agent Training 434

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Appraisal Process To answer this it’s important to understand the appraisal process.

Construction 71

Construction Appraisal Appraisal Process Bracketing 71

Empire Appraisal Group

NOVEMBER 3, 2022

Forty-seven percent of real estate professionals say they have had a transaction fall through due to a problem in the appraisal process, according to the National Association of REALTORS®’ 2022 Appraisal Survey. eyecrave productions – E+/Getty Images.

Appraisal 78

Appraisal Legal Appraisal Process Real Estate 78

Appraisal Buzz

APRIL 19, 2022

today launched its new nationwide desktop appraisal data collection service to fully enable the new property valuation method called desktop appraisal endorsed and approved by Fannie Mae and Freddie Mac that started on March 19, 2022. San Francisco, CA–Asteroom Inc.

Appraisal 195

Appraisal Inspection Real Estate Agent Valuation 195

Appraisal Buzz

MAY 25, 2022

HOUSTON, TX (May 25, 2022) – Before opening its doors in January of 2020, Accurity Consolidated laid out very specific goals to create a large wave of revival in the appraisal industry. McKeever went on to say Accurity helped him by “giving great guidance along with regular training from other leading appraisers nationwide.

Appraisal 370

Appraisal Training Appraisal Process Real Estate 370

Clear Capital

OCTOBER 31, 2022

Recorded live at Digital Mortgage 2022, watch this video to explore the adoption of hybrid appraisal options from a lender’s perspective. Gain insight to: Why appraisal modernization is needed in today’s market Lender considerations for a successful rollout What are the results?

Modernization 69

Modernization Appraisal Appraisal Process Mortgage 69

Housing Wire

MAY 23, 2023

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. According to many reports, it’s been an issue for a long time, but has only recently come into the spotlight with a high profile case in 2022 and increased discussions around fair and equal housing.

Technology 364

Technology Appraisal Lending Valuation 364

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

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.

Appraisal 69

Appraisal Technology Appraisal Process Valuation 69