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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

Clients 397
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How data and technology can combat appraisal bias

Housing Wire

Now, anyone can idly browse real estate listings and find out what homes have sold for and what inventory is available. Tavant has subject matter expertise to make sure that everything we’re developing related to mortgage is relevant to the people who are going to be using it.

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Settling on a New Normal for Appraisals in 2022

Appraisal Buzz

million units , and some experts say it could reach 8 million if there were more inventory. 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.

Appraisal 397
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3 Ways Agents Can Help Appraisers to Be More Accurate

Cleveland Appraisal Blog

Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. The more information the MLS listing offers on a home, the more useful the data is at helping appraisers to develop a supportable opinion of the value of a home being appraised.

Agents 374
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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

Prices have held steady and even increased in some areas due to limited inventory. This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process.

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

Prices have held steady and even increased in some areas due to limited inventory. This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process.

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Reevaluating your origination tools? Here’s where to start

Housing Wire

With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. Some studies suggest the number of active appraisers is steadily declining by an average of 2.6%

Tools 410