Remove Appraisal Process Remove Clients Remove Modernization Remove Mortgage Appraisal
article thumbnail

Like it or not, desktop appraisals are here to stay

Housing Wire

Any loan application flagged as ineligible by Fannie Mae’s automated underwriting system will have to use a traditional appraisal. A Fannie Mae spokesperson said that appraisal modernization and digitization, and specifically the launch of desktop appraisals, can offer different career opportunities for a new generation of appraisers.

Appraisal 366
article thumbnail

UWM appraisal shakeup makes small splash

Housing Wire

Paul Charron, a Massachusetts-based appraiser who has done 50 orders through UWM’s program since signing up in October, said that he receives his fee within two to three days after uploading the report. That stands in sharp contrast to his other clients, where 99% of the time Charron said he gets paid within a month.

Appraisal 408