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Clear Capital Announces Desktop Appraisal, Desktop Property Data Collection Solutions

Clear Capital

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. March 30, 2022 —. Clear Capital is now offering Desktop Appraisal, a GSE-compliant 1004 Desktop/70D residential appraisal that quickly delivers a reliable opinion of value with price certainty. Continued Innovation.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

The solutions, ACE+ PDR (automated collateral evaluation plus property data report) by Freddie Mac and Value Acceptance + Property Data by Fannie Mae, were designed to increase efficiencies for all stakeholders and lower costs in comparison to traditional appraisals, while maintaining the high risk mitigation standards employed by the GSEs.

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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week. How increased regulation presents a huge opportunity for lenders.

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Top Ten Reasons Why It Is Great to be an Appraiser!

Appraisal Today

of home sales in the fourth quarter, the highest share of any three-month period in Redfin’s records, according to a report from the technology-powered real estate brokerage. retained by the AMC Average AMC appraisal fee to the appraiser in 2022: $591, or 26.3% An excellent way to get more appraisal business!

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“I don’t want to say we’re archaic”: Appraisal Institute president vows reform

Housing Wire

The report was released as the Biden administration’s task force on appraisalsProperty Appraisal and Valuation Equity , or PAVE – has yet to make their own recommendations. The Appraisal Subcommittee stated they have “closely coordinated to share findings with the President’s PAVE initiative.” . as Hispanic.

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AVMs undergo compliance and regulation updates

Clear Capital

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. So, it’s pretty safe to state that the “appraiser shortage” of yesteryear is over, and reviewers now have more time on their hands. How to Avoid and Respond to Appraisal Board Complaints. What’s happening now.