Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. Appraisals protect both parties by preventing them from making a deal that’s not financially sound.

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Real Estate Appraisal Agents Inspection 450

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” You were hired to complete an appraisal. Can an appraisal inspection substitute a home inspection?

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Kairos Appraisal Services

DECEMBER 1, 2022

Lending regulations restrict the borrower, mortgage broker, or lender from choosing which appraiser conducts their home inspection and prevents direct communication between these parties. An appraisal… The post How Appraisal Management Companies Aid the Appraisal Process appeared first on Kairos.

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Appraisal Process Appraisal Inspection Lending 52

Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

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Appraisal Process Reconsideration of Value Bracketing Final Inspection 88

DataMaster

FEBRUARY 3, 2021

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.

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Appraisal Process Appraisal Modernization Training 78

Housing Wire

AUGUST 7, 2023

Tony Pistilli, general manager of valuations for Restb.ai, expressed his enthusiasm about the collaboration: “Working with Bradford, we are providing the newest and most advanced AI technology to accelerate the modernization of the appraisal process.”

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Technology Appraisal Valuation Modernization 368

Birmingham Appraisal

SEPTEMBER 21, 2022

A Closer Look At The Final Inspection. You may have heard of an appraisal inspection but what is a final inspection? Keep reading to find out the “second part” of the appraisal process for certain types of appraisals. Proposed Construction Appraisal. Steps Involved. Conclusion.

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Final Inspection Inspection Construction Appraisal 78

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Appraisal Hub

MARCH 5, 2021

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.

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Appraisal Process Real Estate Appraisal Property Appraisal 78

Kairos Appraisal Services

NOVEMBER 8, 2023

When selling your home or buying a house, the appraisal and inspection are critical steps in the process. However, there are key differences between a home appraisal and a home inspection. Is a Home Inspection the… The post Home Appraisal vs. Home Inspection: How They Differ appeared first on Kairos.

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Inspection Appraisal Appraisal Process Sellers 59

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

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Appraisal Process Appraisal Construction Sellers 139

McKissock

JUNE 17, 2022

Below are five remote inspection tools worth looking into. Rather, our intention is to provide appraisers with a sampling of currently-available remote property inspection tools so they can consider the potential benefits of integrating such tools into their appraisal process. eTrac Virtual Inspection Tool.

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Housing Wire

JANUARY 14, 2022

During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections. The appraisal process is ripe for change, and we’ve seen an acceleration of innovation in the last two years.

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Valuation Appraisal Appraisal Process Inspection 402

East Coast Appraisal

MAY 24, 2023

While trying to buy a home, you may have found out that some lenders require their borrowers to have an appraisal and/or an inspection completed. Some lenders may only require an appraisal and leave the decision about an inspection up to you.

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Inspection Appraisal Sellers Buyers 52

Appraisal Partners Blog

OCTOBER 28, 2019

We make the process easy for you and there’s no need for stress or confusion. If you’re wondering how it’ll work, we’ve summed it up for you in the form of a 7 Step Online Appraisal Process. The first thing you need to do to begin the process of getting a property appraisal is fill out our online order form.

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Appraisal Process Appraisal Inspection Property Appraisal 78

Appraisal Buzz

JANUARY 24, 2022

LOUIS — January 24, 2022 — With Fannie Mae and Freddie Mac accepting desktop appraisals beginning in March, Incenter Appraisal Management and McKissock Learning are partnering to help appraisers update their remote inspection skills in response. Additional webinars will be scheduled on an ongoing basis.

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Training Valuation Appraisal Inspection 370

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Appraisal? What Is a Home Inspection?

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Inspection Appraisal Real Estate Property Appraisal 95

Housing Wire

JUNE 27, 2023

These data points are automatically incorporated into real-time underwriting conditions, leading to a reduction in underwriting errors and a faster overall process. “We are excited about the integration of our platform with Lender Toolkit’s AI Underwriter.

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Mortgage Modernization Appraisal Process Loan Conditions 334

Riverfront Appraisals

JANUARY 18, 2021

Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.

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Final Inspection Inspection Appraisal Loan Officers 93

Housing Wire

JANUARY 3, 2022

Appraisal management company Clear Capital , in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its photo review product , ClearPhoto. United Wholesale Mortgage also hopes to make its stamp on the appraisal space.

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Tools Appraisal Appraisal Process Real Estate 429

Appraisal Buzz

JUNE 14, 2021

Appraisers are starting to get one-off requests from Fannie and Freddie for more information and an interior inspection, even though the property already had a COVID-alternative accepted. COVID has given the entire housing industry a chance to re-evaluate and use technology to make the process of buying a home faster.

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Appraisal Appraisal Process Technology Housing Market 435

Housing Wire

MARCH 3, 2023

UDC is supported by ClearInsight Platform , Clear Capital’s mobile property data collection application, which allows real estate professionals to generate digital pictures of homes in a short span of time.

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Modernization Appraisal Real Estate Valuation 396

Appraisal Buzz

JANUARY 24, 2022

Join us for our upcoming webinar on January 25th at 2 pm, “ The Future of Desktop Appraisals ” with Joshua Walitt and Mark Walser! Learn about all of the new features in RemoteVal – a free inspection app for appraisers! Buzz : What is your background in the appraisal industry? Buzz : What is RemoteVal?

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Appraisal Inspection Technology Valuation 370

Housing Wire

DECEMBER 8, 2023

Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. With a changing market, home inspections are now becoming a secondary point of negotiation. This can be a key value you provide to your buyer clients.

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Clients Real Estate Inspection Buyers 430

Kairos Appraisal Services

AUGUST 1, 2022

When selling your home or refinancing your mortgage, the home appraisal inspection is a crucial step in the process. You want your home’s appraised value to be as high as possible in the final report. But if the… The post Preparing for a Home Appraisal Inspection appeared first on Kairos.

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Inspection Appraisal Buyers Mortgage 52

East Coast Appraisal

JUNE 7, 2021

The best way to do this is with an appraisal. During an appraisal, your home is inspected and photographed to determine the current market value. If you would like to know more, check out these commonly asked questions about the home appraisal process. What Does an Appraiser Look For?

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Appraisal Process Appraisal Home Value Modernization 52

Appraisal Buzz

MARCH 21, 2022

Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke! Learn about all of the features in RemoteVal – a free inspection app for appraisers. Buzz : What are some examples of new technology and the need for it in the appraisal industry?

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Valuation Appraisal Inspection Technology 370

Housing Wire

SEPTEMBER 23, 2021

Remote inspections have the power to make homeowners and appraisers more comfortable. Others don’t provide appraisers with accurate enough data. While the immediate need for remote appraisals began in 2020, it soon became clear that these processes were here to stay.

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Appraisal Inspection Technology Tools 378

Clear Capital

MARCH 23, 2022

Last year’s acquisition of CubiCasa by Clear Capital, a national real estate valuation technology company, was just one step in the firm’s overall mission to modernize the appraisal process, a top official told Mortgage Professional America. READ FULL STORY.

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Appraisal Process Modernization Appraisal Inspection 36

Clear Capital

MAY 7, 2021

Watch this Tech Talk from Mortgage Innovators Conference 2021 to learn how appraisal modernization can help unlock a better, faster, and cheaper appraisal process while closing the gap in unfair lending practices.

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Inspection Appraisal Modernization Appraisal Process 66

Boston Appraisal

OCTOBER 8, 2022

One such attempt is the increased use of hybrid appraisals. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

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Appraisal Inspection Appraisal Process Valuation 135

Housing Wire

MARCH 10, 2023

” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Valuation Inspection Training Appraisal 384

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

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.

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Appraisal Inspection Real Estate Agent Training 410

Housing Wire

MAY 2, 2021

And to make that happen, lenders need a solution that streamlines the appraisal process and eliminates potential mistakes. Appraisals are often time-consuming. Efficient data collection with aggregation and next-generation market analytics can drastically impact the closing process.

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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.

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