article thumbnail

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.

article thumbnail

Clear Capital Further Modernizes the Appraisal Process with ClearPhoto

Appraisal Buzz

Clear Capital , a national real estate valuation technology company, has announced ClearPhoto, a set of AI-driven rules built into the company’s ClearCollateral Review solution. This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch. At a time when the.

Insiders

Sign Up for our Newsletter

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

article thumbnail

7 best real estate schools in Massachusetts for 2024

Housing Wire

Many Massachusetts real estate schools offer online courses. After completing an approved course of study, you’ll be able to sit the state real estate exam. Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.

article thumbnail

What AVMs can and can’t do in the appraisal process

Housing Wire

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs.

article thumbnail

Lines of Defense in Real Estate Collateral Risk Management

Appraisal Buzz

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. Throughout, I’ll address current practices and processes of appraisal review, measuring change through observations, and insight as to what is to come.

article thumbnail

How to Speed Up the Commercial Real Estate Appraisal Process

Appraisal Hub

But even the most efficient appraisal firms can’t do their jobs if clients don’t provide the information they need. Lack of communication can significantly slow down the commercial real estate appraisal process. What happens during an appraisal? Appraisal firms also analyze comparable real estate.

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.