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Overcoming 2023’s biggest appraisal challenges

Housing Wire

The GSEs have looked at the demand side and tried to reduce the number of mortgages that require a full appraisal or require an appraisal that takes less time from the appraiser. The most important step we can take to ensure a faster appraisal is to find ways to bring appraisers back as partners in the process.

Appraisal 367
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Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” My comments : ROVs are a PITA for many appraisers. Mortgage applications decreased 0.8 By Greg Stephens, SRA, AI-RRS.

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A View on Risk: Desktop Appraisals

Appraisal Buzz

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Appraisal Labels. Appraisers rely on standards of practice and processes. interior and exterior).

Appraisal 435
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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Mortgage rates are expected to rise, but still remain attractive and reasonable. So, many markets may cool off.”. Tampa, Fla.),

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Opinion: The path to modernizing the appraisal process

Housing Wire

Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.