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loanDepot settles appraisal bias lawsuit 

Housing Wire

loanDepot has settled a lawsuit filed by a Maryland couple accusing the firm of appraisal bias, ending a case that gained national attention two years ago. California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. But the company hasn’t admitted any fault.

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The Fannie Mae Requirement Impacting All Appraisers in 2022

Appraisal Buzz

In today’s Buzzcast, we dive into the new ANSI standards announced for appraisers. and Bryan Reynolds, Appraiser eLearning Partner. We’ll be getting the inside scoop while they discuss the new updates and their impacts on appraisers. Fannie Mae is requiring appraisers to use ANSI standards starting April 1st.

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How will appraisal technology evolve in 2022?

Housing Wire

With the recent news about desktop appraisals, appraisal technology is top of mind for many. HousingWire recently spoke with Reggora co-founder and CTO Will Denslow about the role of technology in appraisal innovation. How will this affect appraisal technology moving forward? How can technology help mitigate this issue?

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Settling on a New Normal for Appraisals in 2022

Appraisal Buzz

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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Here are 7 trends to watch in the 2022 appraisal market

Housing Wire

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.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

Appraisal Buzz

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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Kelly Davids named president of The Appraisal Foundation

Housing Wire

The Appraisal Foundation this week named Kelly Davids, former superintendent of the Ohio Division of Real Estate and Professional Licensing, as its new president. Kelly Davids As an SVP of the Appraisal Foundation, Davids already served to manage the organization’s day-to-day operations and has helped lead special projects.

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