Remove Appraisal Process Remove Development Remove Investors Remove Modernization
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Progress now or perfect later: Improving the appraisal process

Housing Wire

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. housing cannot be accomplished with a focus on appraisal alone.

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Class Valuation’s CIO on solving the appraisal conundrum

Housing Wire

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. Everybody is affected by the appraisal process. SR: We’ve leveraged AI for years.

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CRN – Gross Living Area Measuring Standards Announcement

Appraisal Buzz

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). It is imperative to set and adopt a standard that can be applied by appraisers as well as other stakeholders. Lender and investor overlays.

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The Role of Appraisal Review in the Risk System – Appraisal Revisions

Appraisal Buzz

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. Complexity in Process and Properties. When it comes to lending activity, appraisal revisions have always been a part of the appraisal process. Appraisal Modernization.

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Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines

Housing Wire

“However, for lenders to take advantage of these benefits on behalf of their customers, they need to navigate new GSE requirements, such as ensuring appraisers have access to a digital floor plan.”. lenders and nearly every mortgage investor. Kenon Chen, Executive Vice President of Corporate Strategy.

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A View on Risk: Desktop Appraisals

Appraisal Buzz

Part of the reason why there was no perceived measurable risk attributed to this change in process was because of adapted upfront lender controls that were established, creating guardrails on when inspection relief was appropriate. Appraisers rely on standards of practice and processes. Lenders rely on regulation and policy.

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Dan McAlister, Vice President of Product at Clear Capital, named one of HousingWire’s Rising Stars

Clear Capital

During his tenure, he has played an instrumental role in Clear Capital’s work alongside Fannie Mae and Freddie Mac to refine and modernize the appraisal process. In addition to UDC, Dan led the development of AURA (Appraisal Underwriting Risk Analyzer) , which launched in August 2023.