Friday, May 10, 2024 | The Latest Buzz for the Appraisal Industry

Automated Valuation Models to Accurately Estimate Homes

The Consumer Financial Protection Bureau (CFPB) recently outlined options to ensure that computer models used to help determine home estimates are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses. When underwriting a mortgage, most lenders require an appraisal, which is the estimated value of the home. …

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Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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