Housing Wire

JANUARY 20, 2022

And they question the power of The Appraisal Foundation , a private, nonprofit group that has become the de facto maker of appraiser qualification standards. The report was released as the Biden administration’s task force on appraisals – Property Appraisal and Valuation Equity , or PAVE – has yet to make their own recommendations.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. Copyright © 2022 Clear Capital. or its subsidiaries.

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Clear Capital

JUNE 21, 2022

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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Appraisal Today

NOVEMBER 20, 2022

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.

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Housing Wire

MAY 27, 2022

By combining the power of emerging technologies like artificial intelligence (AI) and machine learning (ML) with a true commitment to diversity at every stage of the valuation chain, we can build a consciously unbiased appraisal system that delivers more equitable and accurate conclusions.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

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Appraisal Valuation Inspection Law 304

Clear Capital

JANUARY 5, 2023

The appraisal industry also is incredibly analog, so typical tools of the trade include clipboards, tape measures and pencils for capturing information to manually input into a computer back at the office. New technology has emerged to help appraisers digitize the collection of data and respond to a changing regulatory environment.

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Housing Wire

FEBRUARY 7, 2022

As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. FHA has had gaps in loss-mitigation oversight of servicers it approved.

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