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White House marks one year of PAVE appraisal bias action plan

Housing Wire

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 350
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Together Again – The MBA Annual Conference Recap

Appraisal Buzz

It was great to be getting back to normal and to behaving as the social animals we were designed to be. The appraisal industry was front and center at this show and most of the appraisal discussion centered around three specific topics: Technology, Trainees, and Diversity. Appraisal Technology was front and center at this show.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. On a more positive side, I have done thousands of drive by appraisals since 1986.

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1004 Desktop appraisals: A monumental step forward for appraisal modernization

Clear Capital

Today’s announcement from Fannie Mae — the incorporation of 1004 Desktop appraisals into their Selling Guide for many new purchase loans — is a big step forward in the journey to a fully modern appraisal process. We applaud this move and are dedicated to supporting lenders in the adoption of 1004 Desktop appraisals.

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What Appraisers Wish Real Estate Agents Understood

Appraisal Today

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? The basic process involves making an observation, forming a hypothesis, making a prediction, conducting an experiment, and finally analyzing the results.

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Opinion: The path to modernizing the appraisal process

Housing Wire

Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.

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Appraisal modernization: What is going on with the forms?

Housing Wire

When all required data input fields are completed, the data file is delivered to the lenders, same as it is today, and the data fields are formatted and presented in a manner that a “form” is printable or can be turned into a PDF so that the appraisal can be viewed. No doubt, investment in modernization is needed in the appraisal process.