Appraisal Process Development Mortgage Reconsideration of Value 
Appraisal Buzz
MAY 6, 2024
Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.
Housing Wire
JANUARY 18, 2023
The GSEs have looked at the demand side and tried to reduce the number of mortgages that require a full appraisal or require an appraisal that takes less time from the appraiser. The most important step we can take to ensure a faster appraisal is to find ways to bring appraisers back as partners in the process.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Appraisal Buzz
FEBRUARY 7, 2022
Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Appraisal Labels. Appraisers rely on standards of practice and processes. interior and exterior).
Birmingham Appraisal
FEBRUARY 20, 2024
Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender. 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.
Housing Wire
JANUARY 12, 2023
Department of Housing and Urban Development (HUD) has begun developing a process for borrowers seeking Federal Housing Administration (FHA) financing to request an appraisal review when they suspect racial bias. . “We In addition, new cases regarding racial bias on appraisals became public over the last year.
Birmingham Appraisal
SEPTEMBER 15, 2022
What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Steps in the Appraisal Process.
Housing Wire
MARCH 9, 2021
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.
Expert insights. Personalized for you.
195 
Let's personalize your content