Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Appraisal Inspection Real Estate Agent Training 403

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. One mid-sized lender echoed the opinion of others that appraisals still take too long.

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Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.

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Modernization Appraisal Real Estate Valuation 368

Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. Policy can affect all segments of the appraisal profession.

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Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers Can Complete Virtual Inspections Independently, Be Their Own Bosses, and Prepare for a Digital Future. Appraisers will now be able to register for full access to RemoteVal for both desktop and hybrid assignments at remoteval.net. Incenter Appraisal Management is also reachable by phone at 866-222-6205.

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Housing Wire

DECEMBER 8, 2022

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. What’s going on? New products speeding up the process.

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Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

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Appraisal Inspection Development Technology 435

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.

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Technology Appraisal Lending Valuation 347

McKissock

JUNE 17, 2022

The COVID-19 pandemic has accelerated the shift to desktop appraisals. As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Below are five remote inspection tools worth looking into.

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Housing Wire

MARCH 3, 2021

Reacting to headlines pointing to racial bias in some home appraisals, the Appraisal Foundation this week said that it would require all appraisers to take a seven-hour course focused on fair housing laws and bias. “This part of the course will concentrate on how to avoid both bias and the perception of bias in appraisals.”

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Appraisal Buzz

APRIL 20, 2022

has 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. Asteroom Inc.

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Appraisal Buzz

APRIL 18, 2022

This article was first published in the Appraisal Buzz Magazine. We are asking for submissions about your wildest appraisal stories! All the way from haunted encounters to animals that have been (unexpectedly) stumbled upon – Share with us and you could be featured in our Fall 2022 Appraisal Buzz Magazine. That’s when.

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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. Permanent desktop appraisals are a win for everyone – here’s why. Presented by: Accurate Group.

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Tools Appraisal Appraisal Process Real Estate 393

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. Appraisers prefer Asteroom’s data because it includes a 3D tour that allows the appraiser to view the property remotely in its entirety for accurate and reliable appraisal results.

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Appraisal Inspection Real Estate Agent Valuation 195

Housing Wire

JANUARY 10, 2022

Tom Kriby: Everyone knows home inspections and appraisals can hold up a closing, but insurance is another possible roadblock for an on-time closing. The post How to avoid home closing delays in 2022 appeared first on HousingWire. HousingWire: What are some unexpected things that can delay a home closing?

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Insurance Inspection Clients Technology 462

Housing Wire

FEBRUARY 18, 2022

Fannie Mae recently announced that it will begin to “include a desktop appraisal option in Desktop Underwriter beginning March 19, 2022. Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. ” Amazing, right? ” Amazing, right?

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Appraisal Process Appraisal Valuation Renovations 362

Appraiserblogs

DECEMBER 17, 2021

On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. Here are some items for appraisers to consider when using the ANSI standard Measurements. Related Posts: Is ANSI for Appraisers Really the Answer? Every week I talk to appraisers in different….

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Inspection Appraisal Real Estate Realtors 123

Appraisal Buzz

DECEMBER 20, 2021

It quickly became apparent that the health risk would prevent professional fee appraisers from entering properties in order to inspect them for their appraisal reports. The second approach allowed appraisers to make use of other available technologies to complete their reports. They’ve dealt with that before.

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Valuation Inspection Appraisal Lending 367

Appraiserblogs

SEPTEMBER 13, 2022

To establish grants directly to supervisor appraisers to help cover the training costs for each Trainee… Folks, this article appeared in American Banker on September 7, 2022. It also exposes problems with getting new people into the appraisal profession. Appraisers,…. One thing that has not been.

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Training Appraisal Inspection Law 119

McKissock

MARCH 29, 2022

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Sign up now.

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Appraisal Inspection Real Estate Technology 78

Appraiserblogs

FEBRUARY 1, 2022

Fannie Mae’s sweeping new national condominium regulations… Appraisers, Fannie Mae has changed inspection and reporting requirements for Condominiums, effective January 1, 2022. The article titled “How can appraisers evaluate aging condos without docs?” In an article released on CNBC….

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Appraisal Valuation Inspection Lending 117

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 Contracts Architecture Housing Market 52

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

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 Buzz

DECEMBER 13, 2021

.” We sat down with Greg Stephens, coordinator of this webinar with Metro-West Appraisal Company, to learn more about this free upcoming webinar. Greg: My background in the appraisal industry spans 44 years. Since 1987, I have been teaching appraisal-related courses through my seminar company, Appraisal Seminars.

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Supply Chain Construction Appraisal Real Estate 363

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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Appraisal Contracts Inspection Real Estate 75

Appraisal Buzz

MARCH 28, 2022

Appraising compliance with the American National Standard for Single-Family Residential Buildings. The FNMA requirement will take effect April 1, 2022. Appraiser Responsibility. It is implied that an appraiser choosing not to adhere as a personal choice or preference would not be an acceptable reason for an exception.

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Appraisal Tools Clients Technology 370

Valuation Review

JANUARY 3, 2022

Appraisers will be required to use the Square Footage-Method for Calculating: ANSI Z765-2021 (American National Standards Institute) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections.

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Inspection Appraisal 60

Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! baths, 2,991 square feet, 0.34

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Appraisal Business Contracts Technology 89

Housing Wire

JANUARY 12, 2023

trillion spike in tappable home equity in the first quarter of 2022 was a stunner, especially as it topped off a 12-month period that saw a 34% collective gain among mortgage holders. Automated inspections and valuations — Technology is improving valuation methods and workflows to make appraisals faster.

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Technology Inspection Valuation Tools 364

McKissock

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. Does USPAP require me to complete an inspection? Updated CE course!

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Appraisal Inspection Real Estate Agent Technology 88

Appraisal Buzz

JULY 18, 2022

Unless you’re living under a rock, you have heard that interest rates have been rapidly increasing since Q1 of 2022. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%. These concepts are what appraisers refer to as the relationship between “exposure time” and “conditions of sale.”

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Sellers Marketing Market Value Home Value 435

Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. 60% cited speed.

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Modernization Technology Real Estate Agent Valuation 317

Housing Wire

JULY 11, 2022

The Ernst Fee Service is used by lenders to minimize fee cures by providing recording fees, transfer taxes, property tax, title, settlement, inspection data, and lender and appraisal fees. . trillion in origination volume in 2022, a 40% decline from the previous year’s $4 trillion. trillion in 2021.

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Tools Property Taxes Loan Officers Inspection 340

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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Cleveland Appraisal Blog

JANUARY 13, 2022

If you’re an appraiser, like I am, the nature of our work can at times cause us to become skeptical. But, it happens enough that it can create a little skepticism in the minds of an appraiser. In this article, I am going to focus on the dangers that skepticism can have on an appraiser’s thinking. ADJUSTMENTS.

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Appraisal Inspection Clients Real Estate 221

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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