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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

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Best practices to speed up the appraisal process

Housing Wire

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. Can appraisals keep pace?

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Appraisers raise alarm on AMC revenue-sharing models

Housing Wire

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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What role does appraisal tech have in creating customers for life?

Housing Wire

According to Reggora co-founder and CEO Brian Zitin, “Lenders need to start paying attention to the appraisal process now, more than ever.”. Appraisal challenges impact everyone. Appraisal challenges impact everyone. According to Zitin, “There are two main challenges plaguing the appraisal industry today.”.

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How will appraisal technology evolve in 2022?

Housing Wire

This will range from the technology used to conduct home appraisals and valuations, as well as the technology that lenders and appraisal vendors use to manage their operational workflows. The appraisal process, which isn’t simple to begin with, is becoming even more dynamic. We are a technology company first.

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VA official talks future of partial claims and revamping its reputation

Housing Wire

The perception of VA loans as risky and logistically complicated — even if an outdated view — continues to impact the competitiveness of the borrowers it serves. John Bell, deputy director at the VA, said the agency has made strides in recent years to get loans processed and out the door in a timely manner.

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The Ultimate Guide to Estate Planning Appraisal for Real Estate Properties

The Robert Weiler Company

While his addition to the coveted 90-year-old club is welcomed news for nonagenarians and their families alike (not to mention his rabid fans), the logistics of that longevity include some serious discussions over estate planning. How Are Real Estate Appraisals Related to Estate Planning? Your availability for conducting the appraisal.