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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. We produce appraisal “reports” not appraisal “forms.” This scope of work is determined by the type of property and the characteristics of the property.

Appraisal 397
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2020 Banking and Construction Lending Trends for Minnesota

Simonson Real Estate

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. We had a great discussion!

Lending 148
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How data and technology can combat appraisal bias

Housing Wire

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. On an industry leader level, that is where we need to be.

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Lines of Defense in Real Estate Collateral Risk Management

Appraisal Buzz

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. The Appraisal Review.

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Reevaluating your origination tools? Here’s where to start

Housing Wire

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 410
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How Rocket Pro TPO continues to give its broker partners the upper hand

Housing Wire

And there’s one lending partner that has the solutions and resources to give LOs just that. Continuing in the theme of closing loans faster, Rocket Pro TPO has also recently launched an appraisal fee guarantee for its broker partners. The high demand created a shortage of appraisers, sometimes resulting in fee fluctuations.

Appraisal 382
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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it. The Purpose and Components of a Comparative Market Analysis (CMA) The CMA is a tool that real estate agents use to develop a list price for the house they are selling.

Agents 86