Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

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Appraisal Technology Modernization Real Estate Agent 414

Housing Wire

DECEMBER 28, 2020

According to FHFA director Mark Calabria, modernizing the appraisal process has the potential to create a more “streamlined and accurate collateral valuation process.” Low mortgage rates fuel the demand for valuation and settlement services. Presented by: VRM Mortgage Services.

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Appraisal Modernization Valuation Appraisal Process 450

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. All of these action items are things that professional, experienced real estate agents should practice already.

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Clients Real Estate Inspection Buyers 423

East Coast Appraisal

OCTOBER 19, 2021

If you are buying a home, your mortgage company orders the appraisal and you receive a copy of the URAR with your closing paperwork, if not sooner. If you are selling a property, you do not receive a copy of the appraisal. Real estate agents and appraisers often say they are going to run the comps.

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Appraisal Process Appraisal Real Estate Agent Real Estate 52

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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Appraisal Inspection Real Estate Agent Training 404

Housing Wire

MARCH 10, 2023

Those options include value acceptance – formerly known as appraisal waivers – as well as “value acceptance plus property data and hybrid appraisals.” This is a standardized data collection done at the property, which brings objective, transparent data into the whole process,” he said. “I

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Valuation Inspection Training Appraisal 382

Appraisal Buzz

APRIL 19, 2022

In an effort to streamline the loan process with reduced appraisal times, the mortgage industry is encouraging desktop appraisals, which are likely to see increased adoption, particularly with validated, accurate values made possible through Asteroom’s all-inclusive solution. “We About Asteroom Inc.:

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Appraisal Inspection Real Estate Agent Valuation 195

Kairos Appraisal Services

JANUARY 9, 2023

Property comparables, called “property comps” for short, play a significant role in the home appraisal process.

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Real Estate Agent Appraisal Process Loan Officers Real Estate 52

Housing Wire

JULY 12, 2022

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. We now will have our first training group that will be intensely focused on just spreading the word, getting information out to lenders, veterans and real estate agents.

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Modernization Appraisal Process Appraisal Training 370

Housing Wire

MAY 31, 2021

Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. Using SCOUT, homeowners, inspectors, real estate agents and appraisers can collect property data on a mobile device.

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Inspection Valuation Real Estate Real Estate Agent 199

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent.

Clients 393

Clients Agents Buyers Sellers 393

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. Mortgage lending work is only one type of business where appraisals are needed. I have seen a slowdown in my lending work also. So what can we do?

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Business Appraisal Real Estate Agent Clients 393

Birmingham Appraisal

AUGUST 23, 2023

In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened.

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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.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 89

Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. A fundamental change.

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Modernization Real Estate Agent Reconsideration of Value Appraisal Process 78

AmeriMac

DECEMBER 30, 2023

Whether you’re a first-time homebuyer or a seasoned seller, this guide will provide you with all the information you need to make informed decisions during real estate transactions involving REO appraisals. Accurate appraisals are vital for facilitating smooth real estate transactions.

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Real Estate Appraisal Inspection Appraisal Process 36

Housing Wire

DECEMBER 4, 2023

We’re writing today to address the unintended consequences that may result from the real estate agent commission dilemma stemming from recent lawsuits. As leaders of a non-profit, the Association of Independent Mortgage Experts ( AIME ), we advocate for over 65,000 wholesale mortgage brokers and homebuyers nationwide.

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Real Estate Agent Agents Real Estate Sellers 433

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Steps in the Appraisal Process.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Housing Wire

DECEMBER 7, 2023

Visit Website Overview The Lee Institute School of Real Estate combines professional instruction and video format training to make the concepts of the real estate business more digestible and engaging. You’re given 4 hours to complete this section What is the average salary for a Massachusetts real estate agent?

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Real Estate Real Estate Agent Law Brokerage 397

Padove Appraisal Service

FEBRUARY 27, 2023

Many people’s experiences with real estate appraisals are limited to mortgage applications. The appraiser is usually selected, and the report ordered through the lender. The task of selecting an appraiser for purposes such as estate planning and settlement, divorce, tax appeal, etc.,

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Appraisal Real Estate Real Estate Agent Appraisal Process 145

Quicken Loans

JUNE 10, 2021

Maybe you’ve tried contacting a real estate agent, who probably told you to call back after you’ve been “preapproved.” Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar.

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Mortgage Real Estate Agent Sellers Appraisal 68

Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

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Appraisal Inspection Real Estate Agent Training 68

Birmingham Appraisal

SEPTEMBER 28, 2022

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. One of these changes is the use of the hybrid appraisal by lenders. What Is A Hybrid Appraisal? Things To Consider With Hybrid Appraisals.

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Appraisal Property Inspector Training Real Estate Agent 59

East Coast Appraisal

JUNE 10, 2022

Most buyers opt to finance the purchase of a home through a mortgage lender. Lenders will usually require an appraisal to determine the value of the property before approving a mortgage loan. It is possible for the appraisal price of a property to be lower than the agreed-upon purchase price between buyer and seller.

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Appraisal Appraisal Process Real Estate Sellers 52

AmeriMac

SEPTEMBER 15, 2023

The appraisal process is an essential part of real estate transactions. The appraisal value can make or break the deal, whether buying or selling a property. But what happens when the appraised value comes in lower than expected? This is where rebuttal appraisal comes in.

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Appraisal Appraisal Process Real Estate Real Estate Agent 36

Eppraisal

NOVEMBER 12, 2021

Your buyer's mortgage lender is the appraiser's client so your buyer's bank or mortgage company orders the appraisal. The mortgage lender has financial interest in your home which your buyer is purchasing. When Does the Appraisal Take Place? The appraiser will research before visiting your home.

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Appraisal Real Estate Agent Real Estate Buyers 36

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

Clear Capital

MARCH 31, 2022

The two products, Desktop Appraisal and Desktop Data Collection , are both aligned with standards recently established by GSEs Fannie Mae and Freddie Mac. The products are designed to provide a modern, time-efficient appraisal process for mortgage lenders. READ FULL STORY.

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Appraisal Real Estate Agent Tools Modernization 36

D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans.

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Appraisal Inspection Property Taxes Easement 105

Eppraisal

NOVEMBER 23, 2021

Despite the super seller's market, appraisers are protecting the mortgage companies' interests. It hasn't been uncommon where homes haven't appraised for the prices on the real estate contracts this year. Appraisers are keeping a reign on how high prices will rise.

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Appraisal Real Estate Agent Real Estate Inspection 36

AmeriMac

JANUARY 15, 2024

Understanding the role of a home appraiser, the importance of a home appraisal, and the factors to consider when choosing an appraiser are key to making an informed decision. So, let’s dive in and discover how to find the best local home appraiser.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

APRIL 15, 2024

Whether you’re a buyer looking to secure a mortgage, a seller determining the asking price, or a homeowner considering a case of a refinance, understanding how to order a home appraisal quickly is essential for a successful home purchase.

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Appraisal Appraisal Process Real Estate Renovations 36

Realtor

MARCH 7, 2023

The USDA home loan appraisal process To prove that a home meets the USDA’s criteria, all homes financed by USDA loans must undergo an appraisal. If it does, this information is then something a real estate agent can share with prospective homebuyers.

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Inspection Appraisal Market Value Finance 111

Realtor

NOVEMBER 16, 2017

These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach. In addition, the required debt-to-income ratio for VA loans is often more flexible than for conventional mortgages. “It No mortgage insurance.

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Insurance Appraisal Buyers Real Estate 146

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. For example, I’m appraising a Victorian built before 1910.

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Appraisal Training Inspection Real Estate 86

D Fritz Appraisals

OCTOBER 22, 2019

In any of these situations, a property appraisal company can help, and it will be up to you to hire the right company for the job. This is unlike when you’re buying a home and paying for a property appraisal to satisfy the bank lending you your mortgage – in this case the bank has a list of companies they work with).

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Appraisal Property Appraisal Real Estate Appraisal Process 78