Simonson Real Estate

AUGUST 24, 2020

At Simonson Appraisals, our team works tirelessly to ensure those worries are needless. We do so by attending commercial real estate events to gain insight and stay up-to-date on the current market trends. This allows us to continue to deliver well-reasoned and credible appraisal reports.

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Lending Construction Tenants Real Estate 148

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.

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Real Estate Agent Real Estate Agents Reconsideration of Value 81

Housing Wire

OCTOBER 4, 2023

For investors, we can assist with finding problematic appraisals and evaluating them for a potential putback using the same process. HW: How is artificial intelligence being integrated into the property valuation and appraisal process? HW: With higher rates, the market for home equity lending continues to grow.

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Valuation Appraisal Process Appraisal Lending 344

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. Appraisal concerns have also been mitigated by more easily accessible data. Now, anyone can idly browse real estate listings and find out what homes have sold for and what inventory is available.

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Technology Appraisal Lending Valuation 331

Housing Wire

MARCH 9, 2021

The finance giant will also begin training home lending advisors and client care specialists in the reconsideration of value process and fair lending issues related to appraisals. ” Though the bank did not admit to any wrongdoing or any appraisal bias, it moved quickly to update its policies on valuations.

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Reconsideration of Value Appraisal Valuation Appraisal Process 450

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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Modernization Appraisal Process Appraisal Finance 120

Appraisal Buzz

SEPTEMBER 5, 2022

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. Complexity in Process and Properties. Real Estate valuation can be a complex exercise in problem solving. Real Estate valuation can be a complex exercise in problem solving.

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Appraisal Modernization Appraisal Process Technology 281

Housing Wire

MARCH 10, 2023

“Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.” Among other initiatives the company is taking to digitize its real estate lending process is expanding its affiliate appraisal management platform AppraisalWorks to include title and closing services, Doman added.

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Valuation Inspection Training Appraisal 382

East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Below are tips to help you get the right appraiser. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed. According to bankrate.com , an appraisal can take between one and three weeks.

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Real Estate Appraisal Property Appraisal Insurance 52

Town & Country Residential Appraisals

JUNE 19, 2023

It's important to understand how ADUs can impact property value and financing options, particularly considering the restrictions set by Fannie Mae and FHA lending guidelines. However, it's important to consider the restrictions imposed by lending guidelines. Let's explore further. First, what is an ADU?

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Appraisal Process Appraisal Finance Lending 57

Housing Wire

MARCH 31, 2022

The new Federal Valuation Agency would be responsible for developing real estate valuation standards and appraiser criteria, a function the Appraisal Foundation currently performs. That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process.

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Appraisal Valuation Training Government 411

Appraisal Buzz

SEPTEMBER 15, 2021

—Digital transformation is underway with a modern approach to appraisal management—. Boston, September 14, 2021 – Reggora , an appraisal software company, improving residential real estate valuation, announced today that Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal.

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Technology Appraisal Modernization Mortgage 195

Appraisal Buzz

MAY 9, 2022

The real issue is that when the appraiser is preforming a pre-construction appraisal, an educated, knowledgeable appraiser can quickly determine if a log home is compliant with the required building codes and most importantly if that “Subject Property” or log home meets Federal Lending Requirements.

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Valuation Legal Construction Appraisal 396

Appraisal Buzz

APRIL 15, 2024

Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

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Appraisal Design Lending Technology 397

Kairos Appraisal Services

SEPTEMBER 27, 2023

At Kairos Appraisal, we take pride in providing an efficient and streamlined appraisal process that benefits our borrowers, our lending partners, and most importantly our appraisers. At Kairos… The post Kairos’ Innovative Tools for Residential Appraisers appeared first on Kairos.

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Tools Appraisal Appraisal Process Lending 52

Appraiserblogs

OCTOBER 4, 2022

Real estate is IMPERFECT. Many of you are aware that the GSE’s are in the process of evaluating the entire appraisal process, including the…. Inappropriate Form Use Why oh why do appraisers who should know better do private assignment appraisal reports using the mortgage lending GSE forms?….

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Appraisal Process Lending Appraisal Construction 120

Housing Wire

JUNE 11, 2021

Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete. The process can take even longer if the buyer or seller requests a second appraisal. However, once the appraiser is at the home, it’s generally about five business days,” Masseria estimates.

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Inspection Appraisal Buyers Appraisal Process 423

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. Question 1: What is a commercial real estate appraisal?

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Real Estate Appraisal Property Appraisal Valuation 60

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. This is especially the case if your goal is to break into real estate. Cleveland Appraisal Blog offers a wealth of free information on every aspect of the appraisal process.

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Investing Renovations Landlords Real Estate 332

McKissock

FEBRUARY 25, 2022

Looking for ways to compete in the appraisal industry? This month we asked our appraisal community, “What differentiates you from other real estate appraisers?” What differentiates you from other real estate appraisers? Approach to the appraisal process.

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Real Estate Appraisal Easement Inspection 78

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do? Write about what you do know.

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

MAY 25, 2021

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market.

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Appraisal Valuation Real Estate Modernization 313

Listing Spark

FEBRUARY 24, 2023

Maximizing Returns with Real Estate Investment: An Interview with Ryan Jones Summary Aaron Jistel and Ryan Jones discuss the current real estate market, loan products for investors, cash out rule changes from Fannie Mae, debt service coverage ratio loans, interest rates, and home equity lines of credit.

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Real Estate Investing Investors Finance 36

Housing Wire

NOVEMBER 8, 2021

But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients. We do a lot of seminars,” Armstrong explained. “I

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Clients Agents Buyers Sellers 377

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

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Real Estate Agent Real Estate Appraisal Agents 52

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

Realtor

NOVEMBER 1, 2023

But the process of buying a home with one isn’t considerably different from any other loan. Here’s a brief look at the VA loan process to help both veteran homebuyers and their real estate agents better navigate how to cross the finish line. Pre-qualification & pre-approval This is a critical first step.

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Real Estate Agent Contracts Finance Real Estate 127

Simonson Real Estate

SEPTEMBER 16, 2021

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

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Appraisal Appraisal Process Real Property Real Estate 78

Appraiserblogs

MAY 6, 2022

Several appraisers have informed us that they have received death threats simply because they have been outspoken online refuting the racial bias narrative and the allegations of racial discrimination in the appraisal profession that is being utilized to remove appraisers from the lending equation.

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Appraisal Appraisal Process Lending Real Estate 112

Housing Wire

JUNE 9, 2021

This is a critical advancement in the industry as we’ve seen appraisal timelines continually increase. By supporting tax assessors in this way, Voxtur is able to contribute to an assessment process that is fundamentally more fair to the consumer. HW: What role can data analytics play in alleviating these pain points?

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Appraisal Property Taxes Technology Valuation 389

Raleigh Realty

FEBRUARY 19, 2022

Mortgage lenders will almost always require a home appraisal when buyers apply for a loan, as lenders want to ensure the buyer isn’t overpaying for the home. Mortgage lenders do not want to lend more money for a home than the home is worth. Provide what you can to the appraiser and they will work with the information provided.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

Realtor

MAY 15, 2023

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. ” Why is the hybrid appraisal becoming popular? . When is the hybrid appraisal used?

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Appraisal Real Estate Appraisal Process Market Value 107

Simonson Real Estate

JUNE 16, 2021

The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Again, greater transparency leads to more accuracy. Regards, Mitchell Simonson, MAI.

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Appraisal Real Estate Appraisal Process Real Property 78

Riverfront Appraisals

FEBRUARY 5, 2021

In case you missed part one, go back and read all about the Final Inspection process here. In this blog post, we’re going to give you an appraiser’s perspective on unique homes, and […]. The post The Loan Officer’s Guide to Appraisals Part 2: Lending on Unique Homes appeared first on Riverfront Appraisals.

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Lending Final Inspection Appraisal Inspection 78

Housing Wire

OCTOBER 26, 2020

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. When COVID-19 complicated the appraisal process, Xome was able to direct its lender clients to its contactless valuation option via a mobile app.

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Clients Valuation Technology Inspection 351

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.

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Agents Appraisal Valuation Appraisal Process 85

Housing Wire

APRIL 6, 2021

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. She recently had a deal fall apart due to appraisal. Streamline by combining services.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539