Appraisal Buzz

SEPTEMBER 7, 2021

Following the pandemic, we are experiencing a surging real estate market, which begs the question: Is there a market correction on its way? The post Is There a Market Correction on Its Way? appeared first on Appraisal Buzz. Of course there is. I’m not an optimist nor a pessimist on this issue, just a realist. Join us on.

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Appraisal Buzz

JUNE 14, 2022

We’ve all heard of the classic debate: What’s the correct way to make a peanut butter and jelly sandwich? Allow me to introduce a new debate: What’s the correct way … Read More. The post The New Debate appeared first on Appraisal Buzz.

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Appraiserblogs

FEBRUARY 28, 2024

On February 13th, 2024, the fourth ASC appraisal bias hearing took place. The hearing was a crucial event for the appraisal industry, and it is important for all appraisers to be aware of the discussions and topics addressed. The panel of witnesses included: David Bunton, President, The Appraisal Foundation E.C.

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Appraisal Buzz

DECEMBER 6, 2021

The post A Keen Eye appeared first on Appraisal Buzz. It’s critical to correctly value distressed assets as they come out of foreclosure. Ken Dicks shares his perspective with DS News this month. The post A Keen Eye appeared first on DSNews.

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Appraisal Buzz

JUNE 8, 2021

The post There’s No Correct Answer in Appraising appeared first on Appraisal Buzz. The very first truly “ knowledgeable” (one with an insight, understanding, or clear perception of a truth, fact, or subject) property purchaser I met was nearly four decades ago. In this case, he was also the client. He ordered.

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Appraisal Buzz

FEBRUARY 16, 2022

Independent mortgage lender New American Funding has signed a three-year renewal to continue using BaseCap Analytics ’ Data Quality Manager, a comprehensive, life-of-loan platform used by financial institutions to catch, collaborate and correct loan defects.

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Housing Wire

JANUARY 25, 2023

We’ve been very involved in appraisal modernization [and] investment over the past five years,” Kenon Chen, EVP of corporate strategy at Clear Capital, said. “We’re Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan.

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Housing Wire

APRIL 27, 2021

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. The Appraisal Institute , a trade association which represents appraisers, expressed its support for the legislation, and urged lawmakers to pass the bill.

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Appraiserblogs

NOVEMBER 20, 2023

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality and truth – which can positively or adversely impact property market value, replaced with only generic, non-offensive words, I present this cartoon. appeared on Appraisers Blogs.

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Housing Wire

MARCH 5, 2021

What a two-year stretch it has been for appraisers. The appraisal workforce was already in decline in 2019. These factors combined to throw the appraisal industry in flux. These factors combined to throw the appraisal industry in flux. Both said the human appraiser is still the future of the industry.

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Housing Wire

MAY 28, 2021

The mortgage industry continues to evolve with new technology coming in to better serve mortgage lenders, real estate agents, service providers, appraisal management companies and others, so taking compliance into consideration is key. If you don’t come from a software or a mortgage background, it will be a long journey. Already a member?

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Appraisal Buzz

MAY 19, 2022

Up from 40% a year ago, 55% of real estate investors feel that their local market is overvalued and expect to see a price correction in the coming months. The post Over Half of Investors Believe Market is Overvalued appeared first on Appraisal Buzz.

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Housing Wire

JANUARY 18, 2023

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

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Appraiserblogs

APRIL 5, 2021

If not for all the Political Correctness speech prohibitions, I could earn a living as a comedian off my family tree stereotypes alone!… … One of the saddest things about Political Correctness is that we lost the ability to laugh at ourselves, including our racial stereotypes. If we value higher, what about affordability?

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Appraisal 147

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Appraisal Appraisal Process Valuation Renovations 369

Appraisal Buzz

SEPTEMBER 27, 2021

You can hardly post anything on an appraisal forum or social media without the first 17 comments stating, “I do non-lender work.” Expanding your appraisal practice through non-lender work can lead to many benefits including increased revenue as well as greater independence and efficiency.

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Housing Wire

JUNE 1, 2023

“Based on the data they are fed and the algorithms they use, automated models can embed the very human bias they are meant to correct. . “Based on the data they are fed and the algorithms they use, automated models can embed the very human bias they are meant to correct.

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JMV Lending

AUGUST 27, 2021

in response to an agent who was angry b/c our appraiser refused to deem a 42 square foot (sf) room “a bedroom.” The appraisal came in low b/c the house was correctly deemed a two-bedroom instead of a three-bedroom, as […]. WHAT CONSTITUTES A BEDROOM? I wrote a blog last year called What Constitutes A Bedroom?

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Home Value Lending Appraisal Agents 158

Appraiserblogs

JULY 12, 2022

Appraisers, back in April, I was notified by someone “close to the action” of appraisal report submittals to the GSE’s, that many Desktops are being submitted back to lenders TOTALLY WRONG by the assigned appraisers! Appraisers, on Tuesday 5/24/22,…. appeared on Appraisers Blogs.

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Appraisal 148

Appraiserblogs

JUNE 9, 2023

On Friday morning, May 19, I was one of five expert witnesses (and the only as an appraiser) to testify on the topic of appraisal bias in front of the Appraisal Subcommittee (ASC). Related Posts: AMC Fee Impact on Appraisal Fee While the borrower was charged $695 for the appraisal, the appraiser was only paid $301.

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Cleveland Appraisal Blog

JUNE 30, 2023

I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. Here are some tips to help you transition to a new city and begin a new chapter in your life, shared below by Cleveland Appraisal Blog. Additionally, visit sites like Cleveland Appraisal Blog for great information.

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Housing Wire

SEPTEMBER 15, 2023

Data is imported from multiple sources including credit agencies, public records aggregators, appraisers, inspectors, title and insurance firms and Realtors. How do we know that the data is correct, can the source be verified, does it meet quality standards and can compliance with pricing guidelines be guaranteed?

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Housing Wire

AUGUST 25, 2022

Lenders with a strong sense of how to properly select and deploy the correct collateral valuation solution can create home equity lending programs that will continue to provide a steady stream of business, while also reducing their costs and time to close. Misconception #1: You need an appraisal every time you do a loan.

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Lending Valuation Appraisal Process Appraisal 342

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

Anastasia Corjan reached out to me a little over a year and a half ago to invite me to be an Appraisal Ambassador for them. In the following interview, she shares with us a little about CubiCasa, her journey there, and some tips on how appraisers can attract more non-lender work. This add-on is the most popular among appraisers.

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Marketing Real Estate Agent Real Estate Appraisal 300

Appraiserblogs

MARCH 2, 2023

I received this notice from CoreLogic: Effective April 1, 2023, CoreLogic’s maximum storage commitment for appraisal and title data will be limited to 5 years. Effective April 1, 2023, CoreLogic’s maximum storage commitment for appraisal and title data will be limited to 5 years. This change applies to all.

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Appraiserblogs

JUNE 28, 2022

Appraisers, this article was prompted by my ‘coming in contact with’ several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. Since I observed this inaccuracy among appraisers who.

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Legal Appraisal 121

Housing Wire

FEBRUARY 12, 2024

In business for close to two decades, The CE Shop offers real estate exam prep, continuing education, and broker licensing courses, plus programs for prospective mortgage and appraisal professionals. The CE Shop also provides licensing and qualifying courses for mortgage and appraisal professionals.

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Real Estate Agents Design Real Estate Agent 378

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. When completing an appraisal, there may be four values.

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Development Appraisal Market Value Valuation 337

Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate?

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Appraiserblogs

NOVEMBER 11, 2022

It is gratifying when appraisers are correct, and the AVMs burn; unless you invested in their stocks. As an appraiser since the 80s, I have yet to find a computer that can tell me if I want vanilla or chocolate ice cream. The post Appraisers Are Historians appeared on Appraisers Blogs.

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Housing Wire

AUGUST 18, 2023

A great Listing pre-qualification script pulls out critical facts so you can be best prepared to not just take the listing, but to price it right in the first place! Not prequalifying is unprofessional and can waste your time and the sellers. Always prequalify, 100% of the time! Price it to sell, not to sit. Someone is going to make a commission.

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Appraiserblogs

NOVEMBER 22, 2022

Folks, in all the diatribes against appraisers by people who believe “we” have built-in systemic bias, the topic of AVMs has come up. Some of the diatribers apparently think that using an AVM will magically produce an accurate property valuation, while eliminating bias, and appraisers. Well, not so fast. I mean no…. Didja Know.

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Valuation Appraisal Investing 106

Appraisal Buzz

OCTOBER 18, 2021

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession?

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Appraiserblogs

MARCH 28, 2022

The FLOOR PLAN has all the elements of a SKETCH… Appraisers, I was given some ‘inside info’ about DESKTOP assignment reports being submitted to the GSE’s – incorrectly. Appraisers, I’ve…. if you the appraiser are not required to inspect the property yourself, don’t you want to have a more detailed…. How will that be done?

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Appraisal Buzz

JANUARY 31, 2022

It’s no secret that appraisers are overworked. It is no secret that there is an underlying tension growing in the appraisal industry directed at appraisers, AMCs, and lenders. Assuring that the appraiser has the correct contact information for an inspection is very important. I get a few telemarketers’ messages.

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Appraisal Process Inspection Appraisal Clients 195

Housing Wire

APRIL 7, 2021

Per Zillow, more than half of Americans said they experienced happiness (54%) and relief (53%) following their move, with nearly 80% saying the move was the correct decision. Among the surveyed movers, approximately 75% reported moving for positive reasons, such as being closer to family or friends or living in a desired part of the country.

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Housing Market Marketing Real Estate Technology 545

AmeriMac

FEBRUARY 15, 2024

A home appraisal is an essential step in the home buying or selling process. However, what happens after the initial appraisal is complete? This blog will provide an overview of the home appraisal review process, including why it’s necessary, what to expect, and how to navigate potential discrepancies.

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