Appraisal Process Modernization Mortgage Appraisal Valuation 
Housing Wire
MAY 24, 2022
A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. One mid-sized lender echoed the opinion of others that appraisals still take too long.
Appraiserblogs
MARCH 7, 2024
The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Despite its roots in a methodology designed to support appraisers, Value.
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Housing Wire
MAY 23, 2022
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.
Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.
Housing Wire
MAY 25, 2022
Loan closings could not proceed until the VA issued its approval, which resulted in a drawn-out process. While the VA said it hopes to “improve the veteran experience” by modernizing its outdated procedures, some loans will still require pre-approval before closing.
Housing Wire
FEBRUARY 8, 2022
Any loan application flagged as ineligible by Fannie Mae’s automated underwriting system will have to use a traditional appraisal. A Fannie Mae spokesperson said that appraisal modernization and digitization, and specifically the launch of desktop appraisals, can offer different career opportunities for a new generation of appraisers.
Miller Samuel
APRIL 27, 2019
It sent shockwaves through the AMC-types because, in my view, it effectively destroyed their ability to hide how much they are gouging the consumer and how little the appraiser gets from the actual "appraisal fee" (typically less than half). This is why we need consumer protection in the mortgage business. No, it isn't.
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