Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

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Appraisal Buzz

FEBRUARY 7, 2022

During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances. Appraisers rely on standards of practice and processes. Lenders rely on regulation and policy.

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Housing Wire

MAY 23, 2023

This gives them an idea of whether they’re being discriminated against in the appraisal process, reducing the risk of appraisal bias — or at the very least, increasing the consumer’s ability to spot if it’s happening to them. On an industry leader level, that is where we need to be.

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McKissock

MARCH 24, 2022

Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process. Translation: Amend FIRREA to remove references to The Appraisal Foundation and transfer the Foundation’s authority to write appraisal standards and qualifications to the Appraisal Subcommittee or another federal government entity.

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AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

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McKissock

JUNE 17, 2022

The following information is based on descriptions available online, provided by the product owners/developers. Rather, our intention is to provide appraisers with a sampling of currently-available remote property inspection tools so they can consider the potential benefits of integrating such tools into their appraisal process.

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Simonson Real Estate

AUGUST 24, 2020

This allows us to continue to deliver well-reasoned and credible appraisal reports. Our adaptive, hassle-free and convenient appraisal process will provide you with the confidence to make the right business decision for your needs, no matter what the market is doing. Do you have questions on these topics? Contact him today!

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Birmingham Appraisal

AUGUST 2, 2023

Trustworthy appraisers uphold the highest ethical standards, maintaining objectivity and impartiality in their work. They should avoid any conflicts of interest that could compromise the integrity of the appraisal process. Look for appraisers who utilize modern tools and technologies to complement their expertise.

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McKissock

OCTOBER 23, 2020

Others will simply rely on a previous appraisal and call the appraiser to testify about it. Here are twelve types of expert witness assignments for appraisers. McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development. Condemnation. Learn more.

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Housing Wire

MARCH 31, 2022

Congress hopes to supplant the appraisal governing body at the center of the industry’s self-regulated framework and make public the trove of appraisal data held by the government-sponsored enterprises.

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Housing Wire

JULY 5, 2022

The rollout of APIs follow changes made around modern valuation solutions made by the government-sponsored enterprises (GSEs) over the past year. Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process.

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Appraisal Buzz

APRIL 8, 2024

AI can analyze vast amounts of data on the blockchain to provide insights, predictions, and even automate certain appraisal processes. For instance, AI algorithms can predict real estate property values based on historical data stored on the blockchain, making appraisals faster and more accurate.

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Housing Wire

OCTOBER 18, 2022

Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S.

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The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. The data is then analyzed and used to develop opinions of value.

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Housing Wire

SEPTEMBER 15, 2021

That’s why HousingWire invited Rachel Robinson, director, collateral policy and product development at Rocket Mortgage , to HW Annual to discuss how technology can play an important role in the appraisal process and help eliminate discriminatory practices. .

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Appraisal Today

MARCH 15, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Mass Appraisal is defined in the Homeowner’s Guide to Mass Appraisal as “the systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing.”

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Housing Wire

JUNE 2, 2023

On the heels of a Thursday announcement by six federal agencies unveiling a proposed rule that would implement quality control standards that govern the use of automated valuation models (AVMs), Vice President Kamala Harris weighed in. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge.

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AmeriMac

SEPTEMBER 1, 2021

Interestingly, however, the lender cannot choose the specific appraiser—which is why finding the right AMC is so important. A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s.

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Housing Wire

NOVEMBER 30, 2021

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. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.

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Housing Wire

MAY 2, 2022

In October, FHFA Acting Director Sandra Thompson announced at the MBA’s annual conference that Fannie Mae and Freddie Mac would begin permanently accepting desktop appraisals for conventional loans, noting that “frictions in the appraisal process” can slow down turn times, especially in rural areas.

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Realvals

JUNE 18, 2023

If you are getting a construction loan, or a private money loan, then the lender will most likely need a “Subject To” appraisal. Government Acquisition of Private Property When the government needs to acquire private property for public use, they may use something called eminent domain.

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Housing Wire

NOVEMBER 4, 2021

A liberal think-tank, regulators, the government-sponsored enterprises, the President of the United States, even fintech firms have all called attention to appraisal bias. Earlier this year, President Joseph Biden charged Department of Housing and Urban Development Sec.

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AmeriMac

MARCH 29, 2024

In this blog, we will explore everything you need to know about reverse mortgage appraisals, including the basics of how reverse mortgages work, the eligibility criteria for a reverse mortgage, the role of appraisals in the process, and the appraisal process itself. Let’s dive deeper into the details.

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McKissock

DECEMBER 3, 2021

During the last several weeks, the task force has held online “listening sessions” to solicit feedback from appraisers, lenders, and other stakeholders in the residential mortgage lending industry.

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Appraisal Today

AUGUST 25, 2023

To read more and see the charts, click here My comments: Mckissock results are from their own survey of appraisers. I have seen this type information before, but mostly from contacting companies, recruiters or government databases. to develop and report appraisals. What Does This Mean for Appraisers?

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What are some of the benefits of desktop appraisals?

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Walitt Solutions

JULY 28, 2019

GSEs (Government Sponsored Enterprises, including Fannie Mae and Freddie Mac), in their current modernization initiatives, are piloting instituting these types of “bifurcated” data-collection processes.

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Appraisal Today

AUGUST 13, 2023

PAVE Response and Marcia Fudge by Dave Towne Excerpts: Folks, the American Enterprise Institute Housing Center has been, to date, the only major voice in the wilderness I’ve seen publicly defending appraisers and the appraisal process. government debt rating. Do you understand the absurdity of this?

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AmeriMac

FEBRUARY 25, 2021

Department of Housing and Urban Development (HUD) uses a variety of standards included in the Single-Family Housing Policy Handbook. Here we discuss all of that in detail: What is an FHA Appraisal? Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. Moreover, the U.S.

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AmeriMac

FEBRUARY 25, 2021

Department of Housing and Urban Development (HUD) uses a variety of standards included in the Single-Family Housing Policy Handbook. Here we discuss all of that in detail: What is an FHA Appraisal? Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. Moreover, the U.S.

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Housing Wire

AUGUST 11, 2021

The Federal Housing Finance Agency today announced that positive rental payment history will be taken into account in the government sponsored entity’s underwriting system. In July, a task force, co-chaired by former United Nations Ambassador Susan Rice and Housing and Urban Development Sec.

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AmeriMac

FEBRUARY 25, 2021

Department of Housing and Urban Development (HUD) uses a variety of standards included in the Single-Family Housing Policy Handbook. Here we discuss all of that in detail: What is an FHA Appraisal? Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. Moreover, the U.S.

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Housing Wire

JANUARY 11, 2022

President Biden tasked the Department of Housing and Urban Development with leading an interagency task force — of which FHFA is a member — to make policy recommendations to combat bias in appraisals. But even as federal regulators tackle the problem, it is still unclear how bias typically manifests in the appraisal process.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. But democratizing the data they have available would benefit policy development.”

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Housing Wire

MARCH 24, 2022

The lack of appraisal data from the government sponsored enterprises took center stage at a Senate Banking Committee hearing Thursday on appraisal bias. To that end, on Wednesday, HUD launched a website where borrowers can learn about the appraisal process and file a discrimination complaint. Pennsylvania Sen.

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