Housing Wire

MARCH 21, 2023

Lender and appraisal management companies and other property data collection companies can now use Black Knight ‘s Scout mobile property inspection as part of the value acceptance plus property data process. Appraisers, however, have voiced a desire to shift as much appraisal work away from Fannie Mae as possible. “I

Valuation 222

Valuation Modernization Appraisal Appraisal Process 222

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 409

Appraisal Inspection Real Estate Agent Training 409

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.

Modernization 146

Modernization Appraisal Valuation Appraisal Process 146

Housing Wire

FEBRUARY 14, 2022

One way the FHFA proposed is through the government-sponsored enterprises’ duty to serve plans, which set goals for lending liquidity and preservation for manufactured, rural, and affordable housing. In March, Fannie Mae will start accepting desktop appraisals — appraisals without an on-site inspection requirement — for some loans.

Appraisal Process 365

Appraisal Process Finance Appraisal Modernization 365

The Appraiser Coach

DECEMBER 5, 2023

I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. To make a long story short, this man felt like the first appraisal had come in lower than it should have. I remember an interaction I had one day with a homeowner.

Real Estate Agent 150

Real Estate Agent Inspection Appraisal Appraisal Process 150

Town & Country Residential Appraisals

MARCH 30, 2020

AMC’s - “Appraisal Management Company” These organizations have come into existence in an attempt to fulfill government regulations to ensure that banks could not commit mortgage fraud like the practices seen prior to 2008. Ultimately the underwriter of the bank makes the calls on a loan based on the inspection of the appraiser.

Appraisal Process 53

Appraisal Process Appraisal Inspection Finance 53

Housing Wire

MAY 23, 2023

In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

Technology 346

Technology Appraisal Lending Valuation 346

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 was founded in 2012 and led the rebuilding of the non-government mortgage market. About Incenter Appraisal Management.

Appraisal 195

Appraisal Mortgage Technology Appraisal Process 195

Appraisal Buzz

FEBRUARY 7, 2022

The onset of the Covid-19 pandemic in 2020 introduced two new appraisal labels – the Exterior-only Appraisal and the Desktop Appraisal. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. Appraisers rely on standards of practice and processes.

Appraisal 435

Appraisal Inspection Development Technology 435

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. But democratizing the data they have available would benefit policy development.”

Appraisal 305

Appraisal Valuation Inspection Law 305

Miller Samuel

MARCH 18, 2020

As co-owner of an appraisal firm for 34 years, while based in Manhattan, we generally don't drive to appraisal inspections. By the time the first Fed rate cut was made in response to the coronavirus on March 3, we adopted a screening process for appraisal inspections. Imagine if the appraiser was a carrier?

Appraisal 195

Appraisal Inspection Transportation Clients 195

Housing Wire

MAY 25, 2021

Navigating appraisal challenges in today’s housing market. HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray, and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. In 2020, the use of “blind” appraisal waivers reached staggering, record highs.

Appraisal 325

Appraisal Valuation Real Estate Modernization 325

Realtor

MAY 15, 2023

An appraiser also does a market data analysis, which values other homes in the area, and records the findings in the Uniform Residential Appraisal Report, or URAR. The hybrid appraisal uses a form almost identical to the URAR, but the appraiser doesn’t go to the property. When is the hybrid appraisal used?

Appraisal 107

Appraisal Real Estate Appraisal Process Market Value 107

Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. The pandemic gave the housing industry time to test and learn the risks that could be involved with desktop appraisals.

Appraisal 375

Appraisal Valuation Technology Inspection 375

The Appraiser Coach

OCTOBER 17, 2023

How long have you been appraising? But you know that the appraisal process and the appraisal form are two separate things. The process that you go through to do an appraisal and the type of reporting you do on that process could be miles apart, although they are related.

Appraisal 195

Appraisal Appraisal Process Technology Clients 195

AmeriMac

NOVEMBER 30, 2023

Appraisers can work independently or as part of appraisal firms, real estate appraisal departments, financial institutions, corporations, or government agencies. Becoming a commercial appraiser requires appropriate education, training, experience, and certification.

Appraisal 36

Appraisal Real Estate Appraisal Process Inspection 36

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!

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Appraisal Today

MARCH 15, 2024

Urban, Suburban, Rural in Appraisals Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! USPAP does not require use of the specific term “personal inspection”. Answer: No.

Appraisal 69

Appraisal Inspection Modernization Business 69

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal?

Valuation 69

Valuation Appraisal Inspection Appraisal Process 69

East Coast Appraisal

JULY 7, 2022

Falsifying information contravenes the principle of utmost good faith when disclosing facts relevant to the appraisal. . Misinterpreting the Appraisal Process. Another mistake people make is misinterpreting the appraisal process. Some people assume that the valuation process takes several hours to complete.

Property Appraisal 52

Property Appraisal Appraisal Valuation Appraisal Process 52

Padove Appraisal Service

JANUARY 11, 2019

A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). These government sponsored entities offer liquidity to the single family market by purchasing and guaranteeing mortgage loans that are made by private lenders.

Appraisal 78

Appraisal Inspection Buyers Valuation 78

Clear Capital

JANUARY 5, 2023

government made bold steps to support homeownership through the GI Bill. Before that, the government addressed these issues through housing programs started under the New Deal. “The appraiser profession needs greater diversity, allowing those involved in the process to reflect the diverse communities they serve.”

Appraisal 69

Appraisal Modernization Valuation Appraisal Process 69

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!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

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!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

AmeriMac

MAY 10, 2023

Types of Appraisal Review Reports When it comes to appraisal review reports, there are several types that can be conducted. A field review involves an on-site inspection, while a desk review is done without an on-site inspection.

Appraisal 36

Appraisal Valuation Legal Inspection 36

Realvals

JUNE 18, 2023

Appraisers don’t inspect electrical, plumbing, insulation, or anything else of the sort. If you are getting a construction loan, or a private money loan, then the lender will most likely need a “Subject To” appraisal. As a property owner, you should be aware of the appraisal process during this acquisition.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Chicagoland Appraisal Blog

MAY 13, 2021

Some appraisers work separately and have their own private businesses while others may work for a bank or an appraisal firm that employs many appraisers. . What Is the Home Appraisal Process? To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection.

Appraisal 88

Appraisal Renovations Home Value Real Estate 88

Assurance Financial

APRIL 29, 2021

Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. Home Inspection.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

Appraisal 36

Appraisal Insurance Appraisal Process Market Value 36

AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

Appraisal 36

Appraisal Insurance Appraisal Process Market Value 36

McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” Related reading: 8 Characteristics of a Successful Real Estate Appraiser. Approach to the appraisal process. Very efficient throughout every process.” ” “I have been in the appraisal business for 33 years. .”

Real Estate 78

Real Estate Appraisal Easement Inspection 78

AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

Appraisal 28

Appraisal Insurance Appraisal Process Market Value 28

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

Appraisal 28

Appraisal Inspection Valuation Lending 28

The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. Question 6: What is the overall commercial real estate appraisal process?

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60