Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. The typical appraiser reports a 40-mile radius in which they conduct appraisals.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Appraisal Today

SEPTEMBER 22, 2023

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. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

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Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. It was unremarkable.

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Appraisal Today

AUGUST 18, 2023

7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. Dragon is very well-liked among appraisal professionals, making it number one on our list of must-have apps for appraisers. Genius Scan This app gets a lot of love from appraisers. Dragon has been around a long time and is popular with commercial appraisers.

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Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Tapping into a network of 1,000 homeowners nationwide with the launch of a consumer survey, the State of Homebuying Report offers insight into what trends could be here to stay in 2022 (and beyond).

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Appraisal Today

JULY 15, 2022

Debate on Appraising Short-Term Rentals. Excerpt: What can appraisers learn when it comes to short-term and long-term rentals? What role does an appraiser take when sorting between the two? What can appraisers learn when it comes to short-term and long-term rentals? I have been a commercial appraiser for over 40 years.

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McKissock

MARCH 4, 2022

In a recent survey, we asked real estate appraisers to tell us their top professional goal for 2022. For example, consider using a mobile app for your appraisal inspections (e.g., CoreLogic’s TOTAL for Mobile , which is popular among appraisers ). Further reading: 6 Ways to Streamline Your Appraisal Workflow.

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Housing Wire

OCTOBER 1, 2022

There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both. There is a reduction in the share of all-cash buyers, who may be waiving the home appraisal, and a reduction in vacation and investment purchases. All cash buyers now stand at 24%.

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Clear Capital

FEBRUARY 2, 2022

It’s an exciting time in the mortgage industry, especially for appraisals. Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. What are the benefits of 1004 Desktop appraisals?

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Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? For example, you understand that you do not need a form to produce an appraisal. Are your legs shaking?

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Appraisal Buzz

OCTOBER 25, 2021

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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Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. When USPAP started, it was very exciting as appraisers had to decide what needed to be changed or added. This covers all Definitions, Rules, and Standards.

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Cleveland Appraisal Blog

DECEMBER 24, 2022

Read on for some pointers from Cleveland Appraisal Blog. Before a roof renovation begins, a contractor will inspect the attic, gutter, and various other aspects of the home structure to make sure it is safe to proceed. Any home renovation from home office design to whole roof replacement can involve processes you wouldn’t expect.

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Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Fannie sells their loans to investors.

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Appraisal Today

MAY 12, 2023

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years.

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Appraisal Today

APRIL 28, 2023

Appraising Solar Panels By Mark Buhler Excerpts: You drive up to the property. First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. Excerpts from text: No two real estate appraisal assignments are alike. What to do? Put the car in reverse and slowly back away?

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Clear Capital

MARCH 1, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. March 1, 2022 —. Clear Capital invites partners to join them in achieving a shared goal of bringing appraisals along on a digital transformation journey.

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Clear Capital

JANUARY 5, 2023

“Many news stories tend to focus on the potential for an individual appraiser delivering a too-low estimate based on factors associated with the occupants instead of the home. ” These programs were designed to address an acute housing shortage by providing affordable homeownership opportunities for American families.

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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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Appraisal Today

NOVEMBER 20, 2022

Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. Excerpts: In the recent past, when appraisers were swamped. Even with the Collateral Underwriter program review, appraisers were overwhelmed. Failures to personally inspect and photograph comparables. .

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Appraisal Today

MAY 5, 2023

Fannie’s New Appraisal Online Formats By Brent Owen Excerpts: To Be Or Not To Be (a form), That Is The Question The first thing to notice is that the ‘form’ isn’t really a form anymore. 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.

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Appraisal Today

JANUARY 20, 2023

Top Ten Reasons Why It Is Great to be an Appraiser! Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. To read more, click here My comments: It has been a while since appraisers made negative concession adjustments.

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Clear Capital

JUNE 14, 2022

Collateral Desktop Analysis provides transparency and efficiency to ValueLink customers conducting appraisal reviews. Houston — June 14, 2022 —. Designed to remove pre-funding uncertainty or support post-funding due diligence, CDA is an efficient, cost-effective method to determine if an appraisal under review is adequately supported.

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Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? Few lender appraisers survived.

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Clear Capital

AUGUST 31, 2022

RENO, NV / ACCESSWIRE / August 31, 2022 / Clear Capital ® , a national real estate valuation technology company, has announced the launch of ClearInsight+ , a technology-enabled set of valuation products to support Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report), a new offering for certain loan types.

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Appraisal Today

FEBRUARY 2, 2024

The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. 2024 Updated UAD and URAR – What does It Mean for You?

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Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. My comments: Read this blog post with practical tips from practicing appraisers. Appraisal Business Tips .

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Appraisal Today

MAY 20, 2022

Excerpts: I called the listing agent on the property I was to appraise and asked if they knew how an appraiser might go about obtaining a floor plan (for my desktop appraisal). They ended up converting the assignment to a traditional type of appraisal so that I could just make the inspection myself. I am using it.

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Assurance Financial

MAY 18, 2022

USDA loans , also known as Rural Development loans, are designed to make homeownership affordable and provide affordable housing to rural communities across the U.S. They are designed for borrowers with a low or very low income who want to purchase a home in a rural area. An appraisal is part of the loan application process.

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Houston Properties

JULY 19, 2022

Residents can enjoy hundreds of shops ranging from designer retail shops, fine restaurants, salons, entertainment establishments, and so much more. The price of real estate in the area enjoyed a significant increase in the appraised property value per square foot. Sandalwood Real Estate Information. "The lower risk for mistakes.

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