Housing Wire

SEPTEMBER 23, 2021

And United Wholesale Mortgage , America’s largest wholesale lender and the second-largest mortgage lender overall, announced on Sept. 9 that it will no longer require its brokers to use appraisal management companies to complete appraisals. Class Valuation also has digital floor plan capabilities.

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Valuation Technology Appraisal Modernization 357

Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Appraisal Design Lending Technology 397

Appraisal Buzz

DECEMBER 27, 2021

There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Of course, desktop appraisals could backfire if fraudsters start swindling mortgage lenders.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through.

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Clients Real Estate Inspection Buyers 394

AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

Appraisal Process 28

Appraisal Process Appraisal Sellers Buyers 28

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. For the mortgage process to run smoothly, there needs to be great communication – everybody involved in the transaction has to know exactly what’s going on.

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Clients Valuation Real Estate Appraisal 382

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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Appraisal Inspection Real Estate Agent Training 403

Birmingham Appraisal

AUGUST 23, 2023

This can come in the form of a pre-listing appraisal to help establish a market-supported asking price for the seller. The appraisal can also give potential buyers peace of mind that the home is accurately priced and will most likely not have any value issues when the mortgage appraisal is performed.

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Agents Appraisal Valuation Appraisal Process 83

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The lender, whether it be a bank, mortgage company, credit union, or other financial institution will provide the buyer with the funds through a mortgage to pay for the house.

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Agents Appraisal Real Estate Agent Bracketing 87

Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. If you can’t account for condition and location in your appraisal, then you won’t have a credible one.

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Inspection Appraisal Marketing Appraisal Process 78

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. That process can take time. “If Mortgage rates weren’t wildly different in ’09 compared to today.

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Marketing Real Estate Appraisal Sellers 221

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Steps in the Appraisal Process.

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Appraisal Inspection Appraisal Process Real Estate Agent 91

Padove Appraisal Service

FEBRUARY 27, 2023

Many people’s experiences with real estate appraisals are limited to mortgage applications. The appraiser is usually selected, and the report ordered through the lender. The task of selecting an appraiser for purposes such as estate planning and settlement, divorce, tax appeal, etc.,

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Appraisal Real Estate Real Estate Agent Appraisal Process 145

AmeriMac

MARCH 1, 2024

Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. However, there are strategies to eliminate PMI, including getting an appraisal. annually, depending on credit score.

Appraisal 36

Appraisal Insurance Appraisal Process Mortgage 36

East Coast Appraisal

JUNE 10, 2022

Most buyers opt to finance the purchase of a home through a mortgage lender. Lenders will usually require an appraisal to determine the value of the property before approving a mortgage loan. It is possible for the appraisal price of a property to be lower than the agreed-upon purchase price between buyer and seller.

Appraisal 52

Appraisal Appraisal Process Real Estate Sellers 52

Appraisal Today

JANUARY 19, 2024

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases. baths, 5,550 sq.ft.,

Appraisal 75

Appraisal Contracts Real Estate Architecture 75

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M Many appraisers are not busy. Some are busy, usually with non-lender appraisals.

Tools 66

Tools Appraisal Renovations Design 66

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Mortgage rates were 18%+. Many appraisers are not busy. By Dallas T.

Appraisal 72

Appraisal Inspection Modernization Business 72

Housing Wire

APRIL 6, 2021

For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. But making me be the only one responsible (the appraiser) for the value and the loan, makes the appraiser use more caution,” he said. “If It’s made deals more challenging. million,” he added.

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Appraisal Today

JANUARY 5, 2024

2024 USPAP For Appraisers Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Streamline my appraisal process (10%) Plus 3 more To read more, Click Here My comments: Interesting stats!

Appraisal 78

Appraisal Contracts Legal Business 78

Dart Appraisal

APRIL 30, 2021

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Ensuring that these details are correct at the beginning of the assignment helps to avoid costly and time-consuming misunderstandings later in the process.

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

Simonson Real Estate

JULY 10, 2020

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 has your experience been navigating the appraisal process? Contact him today!

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Appraisal Process Appraisal Market Value Tenants 148

Appraisal Today

JANUARY 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. Fee Appraisers will be gone in 5 years being relegated to measuring houses, property inspection, and basic condition reporting.

Appraisal 52

Appraisal Contracts Sellers Business 52

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. In previous downturns, I always had competition from lender appraisers.

Appraisal 89

Appraisal Training Inspection Real Estate 89

PennyMac

OCTOBER 4, 2022

Sellers, buyers, and refinancers should all be familiar with appraisals and how they fit in the homebuying/selling or mortgage process. Once the appraisal process is completed, there are a couple of scenarios that buyers and sellers can expect. What Is a Home Appraisal? How Long Does An Appraisal Take?

Appraisal 36

Appraisal Sellers Buyers Contracts 36

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78

East Coast Appraisal

MAY 7, 2021

You will have many roadblocks to get over, including the home's appraisal process. When you seek a bank mortgage to help fund a home, the bank will perform an appraisal to ensure the value of the home is worth what you are paying. The process is extra protection for a bank in case of foreclosure or defaulted loans.

Appraisal 52

Appraisal Appraisal Process Sellers Contracts 52

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. trillion overall in mortgages in 2023, down 12% from 2022 and down 3.5% Mortgage applications decreased 0.8

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Appraisal Agents Real Estate Real Estate Agent 83

Appraisal Today

SEPTEMBER 23, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA changes, Driving vs. office time, unusual homes, mortgage origination stats, etc. Also mentioned was Desktop appraisals, although that was approved in July. The AI believes that concerns about slow VA appraisal turnaround times are overblown.

Appraisal 52

Appraisal Marketing Business Contracts 52

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? Some appraisers are very busy, and others have little work. Varies widely around the country. == Mortgage applications decreased 7.7

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Real Estate Agent Real Estate Appraisal Agents 52

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. The contract price of many homes was much more than their original list price due to bidding wars from desperate buyers.

Real Estate 84

Real Estate Appraisal Marketing Market Value 84

Eppraisal

NOVEMBER 12, 2021

Your buyer's mortgage lender is the appraiser's client so your buyer's bank or mortgage company orders the appraisal. The mortgage lender has financial interest in your home which your buyer is purchasing. When Does the Appraisal Take Place? What Does the Appraiser Do?

Appraisal 36

Appraisal Real Estate Agent Real Estate Buyers 36

Birmingham Appraisal

JULY 27, 2022

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. After all, a higher interest rate will result in a higher mortgage payment.

Buyers 88

Buyers Inventory Sellers Appraisal 88

Appraisal Today

APRIL 7, 2023

Communicating quickly with the lender is an issue with the appraisal process. NOTE: Please scroll down to read the other topics in this long blog post on ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

D Fritz Appraisals

AUGUST 12, 2019

Sometimes referred to as a property appraisal or a real estate appraisal, a home or house appraisal is a third-party report written by a professional appraiser that is meant to inform you and your mortgage lender on the monetary value of the property you are looking at buying.

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Inspection Appraisal Real Estate Property Appraisal 94