Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.

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McKissock

MARCH 24, 2022

Update appraiser qualification criteria related to appraiser education, experience, and examination requirements to lower barriers to entry in the appraiser profession. Not to be outdone, the U.S. House Committee on Financial Services announced it will hold its own hearing on March 29 th at 10:00 am.

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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

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!

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Birmingham Appraisal

AUGUST 2, 2023

Certification and Licensing Appraisal standards and regulations are vital to maintaining the integrity of the profession. It’s imperative to choose an appraiser who is certified and licensed in the state they appraise in. A licensed appraiser demonstrates commitment and accountability to their clients and the industry.

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AmeriMac

NOVEMBER 30, 2023

Commercial Real Estate Appraisal is a crucial process that helps determine the value of commercial properties. It plays a significant role in several aspects, from buying and selling to lending purposes. Becoming a commercial appraiser requires appropriate education, training, experience, and certification.

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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!

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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!

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Appraisal Appraisal Process Buyers Legal 78

Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. We applaud this move and are dedicated to supporting lenders in the adoption of 1004 Desktop appraisals.

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East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed.

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Birmingham Appraisal

FEBRUARY 20, 2024

The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it. I have discussed the process appraisers go through when choosing comparables and you can read about it HERE if you are interested.

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Agents Appraisal Real Estate Agent Bracketing 86

Genworth MI Blog

AUGUST 15, 2019

In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. You have to make sure the person doing the desktop appraisal knows the local market– that’s your responsibility as a lender.

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Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. You have to make sure the person doing the desktop appraisal knows the local market– that’s your responsibility as a lender.

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Appraisal Tips Appraisal Property Inspector Training 78

D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. What is Checked During a Home Appraisal?

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Housing Wire

MARCH 31, 2022

The draft bill also proposed an “Office of Fair Lending” within the new valuations agency, which would report to the head of the agency. That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process.

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California Home Appraisals INC.

SEPTEMBER 22, 2014

Experience and knowledge should typically be your top concerns when hiring an appraiser and working through the appraisal process. Most standard and non-complex properties can typically be sufficiently serviced by appraisers with at least about 5 years of experience. Are You A Full-Time Appraiser?

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McKissock

OCTOBER 30, 2020

In this recorded webinar, presented by Certified General Appraiser Julie Molendorp, you’ll learn real-life information related to a risk management-based viewpoint of appraisal reviews for lending purposes and why your underwriters ask what they do. Proven Test Taking Tips for Your Real Estate Appraiser Exam.

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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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Walitt Solutions

JULY 28, 2019

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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Appraisal Inspection Valuation Lending 28

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

AmeriMac

OCTOBER 19, 2022

If the appraisal value of the home comes in lower than the purchase price, the purchase price needs to be renegotiated, or the transaction may be canceled. The lender won’t lend for more than the market value of the home as determined by the appraisal. Getting Your Home Appraisal.

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Housing Wire

MAY 25, 2021

A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. Navigating appraisal challenges in today’s housing market.

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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. But the hybrid appraisal really took off when the COVID-19 pandemic struck in 2020.

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Appraisal Real Estate Appraisal Process Market Value 107

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Click here == Estate/trust appraisal liability advice from Peter Christensen Here are some general pointers: 1.

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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 have confirmed changes at THREE different AMCs: CoreLogic is laying off all W-2 ‘staff’ appraisers, and most of the staff administering those folks.

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Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

APRIL 27, 2021

The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. In many of those reviewed, there is a strong desire to keep appraisals and appraisers as key components of the mortgage lending process.

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Housing Wire

JULY 29, 2021

How to reduce appraisal turn times and improve the borrower experience. To streamline the appraisal process, Voxtur has launched a new workflow with better data and mobility to improve customer satisfaction. The Appraisal Institute has stopped short of saying that there is systemic racism within the industry.

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Appraisal Valuation Training Law 545

McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” “As a 38-year-old student and appraiser in training I bring a fresh perspective from other industries and many years of fresh life experience and completely unadulterated perspective of the appraisal industry.”

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Appraisal Today

APRIL 12, 2024

But if for lending, it might be rejected on review by GSE computers or humans. It is written for real estate agents and has general information on appraisal at the beginning. Increasing the number of appraisers is essential to making the homebuying process faster for North Dakotans while also improving access to the housing market.”

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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. But for all the weaknesses amongst appraisers, who is training the average property data collector on this stuff?

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Appraisal Valuation Inspection Law 370

Clear Capital

SEPTEMBER 29, 2021

Clear cCapital just announced that we have acquired a Finnish proptech startup called CubiCasa and CubiCasa is incredibly exciting technology that enables anyone with a smartphone and no training to do a 10-minute walkthrough a property and get a fully detailed, accurate floorplan with gross living area. Jeff Allen.

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Sellers Agents Real Estate Buyers 69

Appraisal Today

SEPTEMBER 9, 2022

How does the appraiser get through such anti-appraiser gyrations? Excerpt: Today, while there still remains some stickiness to the QC revision process, a recent survey completed by The STRATMOR Group commissioned by appraisal management technology company Reggora, indicates 25% of appraisal reports require some form of revision.

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