Housing Wire

OCTOBER 20, 2021

Al Goldstein, a co-founder of StoicLane, said the holding group wants to support LVS’s objective to “grow into one of the largest appraisal management companies in the U.S.”. Goldstein founded StoicLane in September alongside Matt Foran and Jake Nice to invest in finance, insurance, and real estate businesses.

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Appraisal Valuation Appraisal Process Finance 370

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together.

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Housing Wire

DECEMBER 21, 2021

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opporThe FHFA and HUD are vigorously pursuing equitable housing goals, which means big changes for lenders.

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Housing Wire

SEPTEMBER 19, 2023

A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Appraisals are required for homes financed with any type of mortgage. Why are appraisals important? Educating your client is part of how you earn your commission.

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Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers must remain independent.

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Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers must remain independent.

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Appraisal Process Appraisal Mortgage Buyers 78

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.

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Appraiserblogs

APRIL 18, 2024

Throughout the history of mortgage banking and lending in the United States, underwriting policies have significantly influenced the appraisal process for home purchases and refinances. Appraisers must follow underwriter appraisal review guidelines meticulously to ensure their appraisal reports are accepted by the lender.

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Housing Wire

OCTOBER 18, 2021

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. Appraisers often spend much of their day driving from property to property, Thompson said.

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Appraisal Appraisal Process Valuation Mortgage 523

Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. million armed robbery of a… Certified Appraisers vs.

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Modernization Appraisal Valuation Appraisal Process 141

Housing Wire

DECEMBER 7, 2021

Fortunately, many of the tech solutions that were born out of the pandemic are here to stay, including desktop appraisals which the Federal Housing Finance Agency recently announced will become permanent. . “On HousingWire: How is a strong focus on technology especially important during this current sales boom?

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Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. The more you know, the better job you’ll do finding them exactly what they’re looking for.

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Clients Real Estate Inspection Buyers 424

Housing Wire

APRIL 6, 2023

The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) in May for its second public hearing on appraisal bias. And Fannie Mae recently said that appraisals were no longer the default standard , which could radically change how property valuations are determined in the U.S.

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Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

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Housing Wire

MAY 24, 2022

The main benefit of appraisal modernization, according to the first-quarter sentiment survey , is that it will help shorten the loan origination cycle time. One mid-sized lender echoed the opinion of others that appraisals still take too long.

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Housing Wire

JUNE 7, 2021

The point being, of course there is bias in the real estate and mortgage finance arena — there has to be as no profession is insulated from this part of the American struggle. The second is that the intent of the leadership of this massive real estate and mortgage finance industry is clear. appeared first on HousingWire.

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Appraiserblogs

OCTOBER 14, 2022

Highlights of the NAR Appraisal Survey The. Related Posts: AMCs Take a Sizable Cut of the Appraisal Fee It still proves my point: Appraisal Management Companies take a sizable Cut of the appraisal fee. Racial Bias in Real Estate: Is it the Appraisers’ Fault? Are AMCs Value-Adding? Stylized Facts from AMC….

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Appraisal Appraisal Process Real Estate Finance 117

Appraisal Buzz

DECEMBER 27, 2021

This temporary flexibility allowed appraisers to meet with sellers and conduct evaluations remotely so they could complete more work and maximize safety during the pandemic. The Federal Housing Finance Agency is making desktop appraisals an established option for originating enterprise loans. Shifting Toward Modernization.

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Appraisal Valuation Modernization Contracts 397

Kairos Appraisal Services

JANUARY 9, 2023

Property comparables, called “property comps” for short, play a significant role in the home appraisal process.

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Real Estate Agent Appraisal Process Loan Officers Real Estate 52

Appraisal Buzz

DECEMBER 20, 2021

We are thrilled to overcome this hurdle with Incenter Appraisal Management’s groundbreaking solution,” said John Keratsis, President and CEO, Deephaven Mortgage. Deephaven is a full service, multi-channel, long-term credit provider in the Non-QM space, providing access to financing to millions of underserved customers throughout the U.S.

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Appraisal Mortgage Technology Appraisal Process 195

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Appraisal Appraisal Process Valuation Renovations 370

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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Real Estate Agent Real Estate Agents Reconsideration of Value 78

Housing Wire

JANUARY 26, 2022

Instead, UWM said that it would offer appraisals in-house , contracting with appraisers directly, which would allow appraisers and brokers to bypass appraisal management companies. Appraisers are selected based on a scorecard to asses’ geographic competencies and past performance, the wholesale lender said.

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Appraisal Real Estate Agent Real Estate Appraisal Process 382

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process. SW: What keeps you up at night?

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Appraisal Technology Modernization Real Estate Agent 414

Housing Wire

NOVEMBER 8, 2021

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

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Appraiserblogs

MARCH 12, 2021

With that being said, the last piece of the quality puzzle starts at the... Related Posts: FHFA to Screw Up Appraisals The FHFA is looking for comments on how they can better screw up the appraisal process.

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Appraiserblogs

FEBRUARY 24, 2021

On January 4, 2021, the… FHFA to Screw Up Appraisals The FHFA is looking for comments on how they can better screw up the appraisal process. appeared on Appraisers Blogs.

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Appraisal Process Appraisal Valuation Finance 147

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

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Real Estate Agent Real Estate Agents Appraisal 75

AmeriMac

MARCH 15, 2024

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.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

MARCH 1, 2024

However, there are strategies to eliminate PMI, including getting an appraisal. This blog post explores private mortgage insurance, its impact on your mortgage, strategies to eliminate it, and the appraisal process. AmeriMac can assist you throughout the appraisal process for a smooth PMI removal journey.

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AmeriMac

MAY 24, 2023

In this blog, we will dive deep into what commercial real estate appraisals entail, why they are so important, who conducts them, and how much they cost. We’ll also cover the different types of commercial properties that can be appraised, the overall appraisal process, and the accuracy of these appraisals.

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Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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Appraisal Inspection Real Estate Agent Training 404

Housing Wire

DECEMBER 29, 2020

“Partnering with Blend allows us to offer a simple, seamless online home financing experience. And our mortgage loan originators are there to shepherd the process to help ensure our customers are confident as they make what likely is the biggest purchase of their lives,” Shroat said.

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Mortgage Investors Technology Real Estate Agent 391

DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

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Appraisal Appraisal Process Buyers Legal 158

Cleveland Appraisal Blog

AUGUST 25, 2022

Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Cleveland Appraisal Blog offers a wealth of free information on every aspect of the appraisal process. Determine How Much You Can Afford. Let us know ! Image via Pexels. .

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Investing Renovations Landlords Real Estate 332

AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. Lenders and investors also rely on commercial appraisals to make informed decisions about financing and investments.

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