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Progress now or perfect later: Improving the appraisal process

Housing Wire

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. housing cannot be accomplished with a focus on appraisal alone.

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Geographic “Data” Competency?

Appraisal Buzz

Today all of the MLS listing data we need to complete an appraisal is at our fingertips along with tools to help us better understand the data. Tools that can complete regression analysis, aggregate large data sets, and create heat maps are all available online.

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Overhauling the Appraisal Process

DataMaster

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

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Tools To Support Appraisal Adjustments

Appraisal Today

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” In addition to the top answers, we received many other write-in responses.

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Are remote appraisals here to stay?

Housing Wire

Others don’t provide appraisers with accurate enough data. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. The post Are remote appraisals here to stay?

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PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

These recommendations include: Clarify the application of the Fair Housing Act and ECOA to the appraisal industry to ensure appraisers have clear guidance on antidiscrimination obligations under current federal laws. Perhaps the most far-reaching recommendation for action is number 1.6, Not to be outdone, the U.S.

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How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

Additionally, appraisers are only qualified to comment on the observed condition of a property. They are required to refer concerns impacting livability, soundness and/or structural integrity to a more qualified expert for further assessment. Q: How do automated valuation models (AVMs) come into play in the appraisal process?