Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. If we can check those boxes, we succeed.

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Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M baths, 4,000 sq.ft.,

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Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. Many are tired of hearing about how the appraisal industry needs to change and progress. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents.

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Housing Wire

DECEMBER 29, 2022

To help shed some light in this area, several of the 2022 HousingWire Vanguard honorees shared their insights on what’s happening at the federal level that’s going to affect housing this year and into 2023. HousingWire : Which trends in housing regulation are you and your team most focused on as we move into 2023?

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Housing Wire

FEBRUARY 16, 2022

The Federal Housing Administration announced this week that lenders have an additional year before they must submit appraisals through the FHA Catalyst: EAD Module. Per a mortgagee letter published on Tuesday, the deadline to onboard for lenders has been moved to March 14, 2023. Presented by: Reggora.

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Appraisal Today

MAY 17, 2024

Geographic “Data” Competency refers to an appraiser’s ability to effectively understand, interpret, and utilize geographic data in the appraisal process. In the context of real estate appraisers, it is essential for accurately valuing properties and providing credible appraisal reports. baths, 2,396 sq.ft.,

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Appraisal Today

JANUARY 20, 2023

Fee Appraisers will be gone in 5 years being relegated to measuring houses, property inspection, and basic condition reporting. The puppet masters don’t like appraisers or the appraisal process, and the AVM’s will take over and Fannie, Freddie, et al, will do to whatever lobbyists and politicians tell them to do.

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Clear Capital

APRIL 24, 2024

Dan joined Clear Capital in 2009 as a QA Analyst and has consistently risen through the ranks, achieving the role of VP of Product in 2023. During his tenure, he has played an instrumental role in Clear Capital’s work alongside Fannie Mae and Freddie Mac to refine and modernize the appraisal process.

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. According to a 2023 YouGov survey, 32% of Americans participate in virtual meetings for work and 37% do so for personal calls.

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Appraisal Today

DECEMBER 23, 2022

If appraisers are required to use any arbitrary number, the result will be less than optimal. Modern valuation progress requires three things: 1) a clear definition of “what is a comp?” Appraisals are ordered after the loan application. Sometimes the ideal data set size will be 3, or 13, or 33. To read what more, click here.

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Appraisal Contracts Mortgage Modernization 52

Listing Spark

JULY 24, 2023

In the first quarter of 2023, inventory was still at 2.7 An In-Depth Analysis Modern online platforms offer users all three of these criteria, especially if you install them as apps on your phone. However, for most markets across Texas, inventory remains extremely low. months —much better than a previous trough of 1.1

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. September 27, 2023) — Mortgage applications decreased 1.3

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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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Housing Wire

FEBRUARY 14, 2022

By April 2023, according to the announcement , the GSEs would be expected to report their progress on the 2022 plan. To further the goal of affordability, the FHFA also said it would “explore modernizing the single-family appraisal process to foster efficiency in mortgage markets, and address barriers to equitable valuation.”.

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