Remove Appraisal Process Remove Development Remove Law Remove Training
article thumbnail

Overhauling the Appraisal Process

DataMaster

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

article thumbnail

7 best real estate schools in Massachusetts for 2024

Housing Wire

6 months course access Ridgeline: All features of Base + Livestream option and Forms Training 101. Covers reciprocal application process, relevant laws & regulations Base Non-Credit NH Reciprocity: For anyone licensed in MA seeking NH reciprocity eligibility. Covers licensing laws & the reciprocal licensing process.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

These recommendations include: Clarify the application of the Fair Housing Act and ECOA to the appraisal industry to ensure appraisers have clear guidance on antidiscrimination obligations under current federal laws. Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

article thumbnail

Understanding the Role of an Appraisal Management Company

AmeriMac

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.

article thumbnail

Appraisal modernization: The times they are a-changin’

Clear Capital

By attempting to better understand why many are hesitant to contemporize and by comprehending the benefits of implementing appraisal innovations, we can clear up common fallacies and convince appraisers that suggested changes are in everyone’s best interests. who act in prejudiced and unethical ways.

article thumbnail

The Necessity of a Commercial Engagement Letter

Dart Appraisal

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations.

article thumbnail

HUD settles with JPMorgan over appraisal bias case

Housing Wire

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.