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Proposed VA appraisal law looks to even the playing field

Housing Wire

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.

Law 393
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PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

Update appraiser qualification criteria related to appraiser education, experience, and examination requirements to lower barriers to entry in the appraiser profession. Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process. Not to be outdone, the U.S.

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How To Appraise Rural Properties

Appraisal Today

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!! Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? This kept appraisers busy.

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Choosing the Right Appraiser: A Guide for Agents, Attorneys, Accountants, and Homeowners

Birmingham Appraisal

Trustworthy appraisers uphold the highest ethical standards, maintaining objectivity and impartiality in their work. They should avoid any conflicts of interest that could compromise the integrity of the appraisal process. Look for appraisers who utilize modern tools and technologies to complement their expertise.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Presented by: PCV Murcor.

Appraisal 363
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Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending. Are these “other” inspection-and-valuation processes appropriate for lending?

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The Hybrid Appraisal: It’s Cheaper, but Does It Protect Homebuyers?

Realtor

Lenders have a vested interest in the home appraisal because it protects them from lending more money than they can recoup should you default on your loan and go into foreclosure. The appraisal also protects you as a buyer. But the hybrid appraisal really took off when the COVID-19 pandemic struck in 2020.

Appraisal 107