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Best practices to speed up the appraisal process

Housing Wire

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks.

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4 Resources to Help Clients Understand the Appraisal Process

McKissock

Many people do not understand the appraiser’s role in the homebuying and lending process, nor what a home appraisal entails. Common myths about appraisals, as well as a general lack of knowledge, could lead to friction between you and your appraisal clients.

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Is the appraisal process color-blind?

Housing Wire

Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre , President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry. The dramatic change in value from two appraisals seems unusual.

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Keeping the Appraiser in the Appraisal Process

Appraisal Buzz

In today’s Buzzcast, we dive into the appraisal process and how appraisers need to remain in the forefront of it all. Today we have Mark Walser, President of Incenter Appraisal Management, with Joan Trice, Founder of Allterra Group, LLC.

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The Appraisal Process in Spain

Appraisal Buzz

In today’s Buzzcast, we dive into the appraisal process in Spain and what we can learn and take away from their methods. We’ll be getting the inside scoop while they discuss the differences between the appraisal processes in Spain versus in the States.

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The Week Ahead: Senate Examines the Appraisal Process

Appraisal Buzz

The Senate Banking Committee will take a deep dive into appraisal equity, and the implementation of programs and policies related to fair housing and economic opportunities. The post The Week Ahead: Senate Examines the Appraisal Process appeared first on theMReport.com.

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Opinion: The path to modernizing the appraisal process

Housing Wire

Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. The appraisal gap for properties in Latino neighborhoods can be even worse, going as high as 9.4%.

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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

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Expert Insights: Modernizing the Appraisal Process

Appraisal Buzz

Phil King of ServiceLink explains how the pandemic accelerated tech advancements in the appraisal space, as today’s appraiser joins the AI and machine learning revolution. The post Expert Insights: Modernizing the Appraisal Process appeared first on theMReport.com. The post Expert Insights: Modernizing the Appraisal Process appeared first on Appraisal Buzz.

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White House Aims to Advance Equity in the Appraisal Process

Appraisal Buzz

The Biden Administration has established the PAVE Task Force to tackle racial bias in the home lending and appraisal process. The post White House Aims to Advance Equity in the Appraisal Process appeared first on theMReport.com.

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How Appraisal Management Companies Aid the Appraisal Process

Kairos Appraisal Services

The home appraisal is a key part of any home sale transaction, assuring the lender that they are not issuing a mortgage for more than a property is worth. An appraisal… The post How Appraisal Management Companies Aid the Appraisal Process appeared first on Kairos.

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Overhauling the Appraisal Process

DataMaster

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization.

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Clear Capital Further Modernizes the Appraisal Process with ClearPhoto

Appraisal Buzz

This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch. The post Clear Capital Further Modernizes the Appraisal Process with ClearPhoto appeared first on Appraisal Buzz.

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What AVMs can and can’t do in the appraisal process

Housing Wire

Fannie Mae recently announced that it will begin to “include a desktop appraisal option in Desktop Underwriter beginning March 19, 2022. Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What is an Appraisal ?

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How Pre-Appraisal Tools Improve the Home Appraisal Process

Kairos Appraisal Services

If you’re a mortgage loan officer and not taking advantage of pre-appraisal tools, your clients could be paying the price with higher fees and longer turnaround times.

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The Week Ahead: Tech’s Role in Expediting the Appraisal Process

Appraisal Buzz

An upcoming webinar presented by the Five Star Institute and Incenter will examine the speed required by today’s appraisers in order to keep up and meet customer demand. The post The Week Ahead: Tech’s Role in Expediting the Appraisal Process appeared first on DSNews. The post The Week Ahead: Tech’s Role in Expediting the Appraisal Process appeared first on Appraisal Buzz.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S.

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The Loan Officer’s Guide to Appraisals Part 7:  How Can the Appraisal Process be Sped Up?

Riverfront Appraisals

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. The post The Loan Officer’s Guide to Appraisals Part 7: How Can the Appraisal Process be Sped Up?

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Calyx Integrates PCV Murcor Into Calyx Point to Enhance Appraisal Process

Appraisal Buzz

With the integration, The post Calyx Integrates PCV Murcor Into Calyx Point to Enhance Appraisal Process appeared first on Appraisal Buzz.

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FAQ #4: Are Appraisals Part of the Public Record?

Riverfront Appraisals

FAQ #4 Are Appraisals Part of the Public Record? Have you ever wondered if the tax assessor gets a copy of your appraisal? appeared first on Riverfront Appraisals. Or maybe the seller of a home you’re purchasing?

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Appraisals 101: What to Expect From the Home Appraisal Process

Raleigh Realty

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. What is a Home Appraisal?

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An Estate Sale Appraisal Process

Robinson Appraisal Group

An Estate Sale Appraisal Process. After 25 years of handling estate sale appraisal in the Baltimore Metropolitan area I have seen my fair share of estate sales. As an appraiser there are multiple ways to appraise a property that belongs to an estate.

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The Most Challenging Part of the Appraisal Process

McKissock

Previously, we asked our real estate appraisal community, “What’s your favorite part of the appraisal process ?” This time, we asked appraisers, “What part of the appraisal process do you find the most challenging?

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What AMCs Do and Don’t Do in the Appraisal Process

Kairos Appraisal Services

Appraisal Management Companies (AMCs) are one of the newest additions to the real estate industry. AMCs were created from Dodd-Frank to separate mortgage brokers from appraisers, protect the market from inflated and/or biased values, and facilitate the entire appraisal process.

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The 7 Step Online Appraisal Process

Appraisal Partners Blog

A home appraisal is usually requested by a lender to estimate the market value of your home. When the time comes for you to get an appraisal for your property, it makes sense to use our services here at Appraisal Partners. We Match the Client with a Suitable Appraiser.

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Residential Appraisal Process for Home Buyers

National Association of Realtors

Understand home value, learn details about the appraisal process, borrowers rights, and more. Use this resource to become an informed home buyer

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Understanding the Home Appraisal Process

East Coast Appraisal

The best way to do this is with an appraisal. During an appraisal, your home is inspected and photographed to determine the current market value. If you would like to know more, check out these commonly asked questions about the home appraisal process.

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FAQ #5: What is an Appraisal Waiver?

Riverfront Appraisals

Appraisal waivers have been around for quite some time now, but have really gained serious traction just in the past few years. An appraisal waiver is simply an agreement between a lender […] The post FAQ #5: What is an Appraisal Waiver?

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FAQ 3: What’s the Difference Between an Appraisal and a Home Inspection

Riverfront Appraisals

This blog post is brought to you by the Guide To Appraisals series of e-books. Appraisal Process

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Envoy Mortgage selects Reggora technology for appraisal processing

Valuation Review

Reggora, an appraisal software company, announced Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal. Envoy will leverage Reggora technology to deliver a fast and efficient appraisal, supporting their customers through the homebuying journey, according to a company release

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How to Speed Up the Commercial Real Estate Appraisal Process

Appraisal Hub

If speed is an important factor for your next commercial property transaction, then you need a property appraiser that works fast. But even the most efficient appraisal firms can’t do their jobs if clients don’t provide the information they need. What happens during an appraisal?

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The Key to High Valuations: Understanding the Home Appraisal Process

BiggerPockets

A home appraisal is an unbiased professional opinion of a home’s value based on recent sales of properties nearby. Here's how the process works. Buying & Selling Houses

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Whitepaper focuses on MDRs, impact on appraisal process

Valuation Review

Tennessee Certified Appraiser David Braun reached out to Valuation Review to discuss mutation of data records (MDRs) as outlined in his whitepaper. He said the purpose of this paper is to disseminate research on a specific technique related to the field of predictive price modeling and offer techniques which have potential to improve the outputs of a wide variety of price prediction modeling ranging from traditional appraisal practice to the development of automated valuation models.

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The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.

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3 Tips to Shorten Your Home Appraisal Process and Turn Times

AmeriMac

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task.

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3 Tips to Shorten Your Home Appraisal Process and Turn Times

AmeriMac

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task.

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Improving the Appraisal Process With Candy Cooke

National Association of Realtors

The appraisal process remains a challenge for real estate agents across the country. Learn some of the best ways to work with appraisers to make more deals

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FAQ #1 Do ANSI ceiling height requirements apply to below grade square footage?

Riverfront Appraisals

Note: All year, we’ll be writing about a variety of frequently asked questions dealing with appraisals. If you’d rather listen, check out our podcast, The Appraisal Cast, wherever you listen to podcasts. appeared first on Riverfront Appraisals.

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Announcing Desktop Appraisal Solution APIs: A solution for streamlining the home appraisal process

Clear Capital

Desktop Appraisal & Desktop Data Collection APIs are now available! Our all-in-one Desktop Appraisal quickly provides a GSE-compliant 1004 Desktop/70D appraisal for single-family home purchase loans. Want to learn more about our Desktop Appraisal Solutions APIs?