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How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

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The hybrid appraisal is here. Who benefits?

Housing Wire

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.

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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

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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Why Are People So Complicated?

The Appraiser Coach

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.

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Deephaven Mortgage and Incenter Appraisal Management Join Forces to Give Non-QM Brokers a Competitive Edge

Appraisal Buzz

Moreover, a dedicated Incenter Appraisal Service Team will be assigned to each broker, communicating daily on the status of their files. With the United States seeing the largest number of unincorporated self-employed individuals in 13 years, brokers can penetrate a new market of credit-worthy borrowers with Non-QM loans.

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How data and technology can combat appraisal bias

Housing Wire

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.

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A View on Risk: Desktop Appraisals

Appraisal Buzz

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.

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