Housing Wire

MAY 9, 2023

Appraisal management software company Reggora announced this week the launch of its Appraisal Marketplace, which leverages data managed by the company in an effort to improve appraisal performance. By leveraging Reggora’s own data, its marketplace is aiming to improve the performance of the appraisal industry, the company said.

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Housing Wire

APRIL 24, 2023

The Mortgage Bankers Association (MBA) filed an amicus brief on Friday in response to the Consumer Financial Protection Bureau (CFPB) and the Department of Justice ‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers. The home sold two months later for $465,000.

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Appraisal Valuation Mortgage Legal 373

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. Mortgage lending work is only one type of business where appraisals are needed.

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Housing Wire

APRIL 6, 2023

The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) in May for its second public hearing on appraisal bias. At the first ASC hearing in January, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra took aim at the dysfunctional regulatory system that governs the appraisal industry. “I

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Housing Wire

SEPTEMBER 16, 2022

House of Representatives this week passed a bill that streamlines the appraisal process for U.S. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

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Appraisal Modernization Appraisal Process Mortgage 508

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Not professional appraisers. Appraisers will provide market trends for the properties that compete with the property being appraised.

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Housing Wire

JANUARY 18, 2023

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

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Housing Wire

DECEMBER 20, 2022

Senate this week passed a bill that streamlines the appraisal process for U.S. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals, and in some circumstances, waiving appraisals altogether. The bill, introduced in the House by Rep.

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Appraisal Modernization Appraisal Process Mortgage 367

Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.

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Cleveland Appraisal Blog

SEPTEMBER 30, 2022

APPRAISAL REPORTS. Have you ever read a real estate appraisal report? Each section should contribute a little to the overall story of the value of the home being appraised. However, enough information should be shared to help the reader begin to develop an idea of how the property being appraised fits into the overall market.

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Housing Wire

JANUARY 24, 2023

appraisal system, some experts say there’s no point in nibbling at the edges. Chopra spoke during the first-ever Federal Financial Institutions Examination Council’s Appraisal Subcommittee (ASC) hearing, which focused on appraisal bias. The Subcommittee has authority over the state programs on appraisals. “We

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Appraisal Buzz

AUGUST 8, 2022

Appraisers who have had the opportunity to participate in an appraiser conference recently have probably noticed a recurring theme from Fannie Mae – the importance of supervisory appraisers training the next generation of appraisers. All this begs the question, why are there not more supervisory appraisers?

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Cleveland Appraisal Blog

OCTOBER 27, 2022

Are you anticipating having your home appraised? While she is not an appraiser, I am, and I agree that these things can help! When selling or refinancing a house, an appraisal is typically necessary. When selling or refinancing a house, an appraisal is typically necessary. How can you prepare for the inspection?

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Appraisal Buzz

MAY 25, 2022

We sat down with Cristy and Joan Trice, Founder of Allterra Group, LLC, to discuss what’s currently happening in the appraisal industry and what we can expect in the future. What can we expect in the coming years for the appraisal industry? Why are these changes important for the advancement of appraisers?

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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.

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Appraisal Modernization Mortgage Lending 494

Housing Wire

MARCH 1, 2023

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. “Our impending technology rollout will enable appraisers to deliver reports straight from the field,” Trice said. .”

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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

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Appraisal Valuation Reconsideration of Value Property Appraisal 343

Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

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Appraisal Buzz

FEBRUARY 28, 2022

Before we discuss the impact of technology on the future of appraisal data, it’s good to get a historical perspective. Forty years ago, appraisers were storing property data on Property Cards. A lot has changed over the last two decades, but appraisal data and more specifically, appraisal inspections have remained unchanged.

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Appraisal Inspection Technology Law 482

Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Many appraisers working in today’s marketplaces are about to find out how important this is. This is important information for appraisers, though it may not appear so at first. Appraisers track such data.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Appraisal Buzz

SEPTEMBER 1, 2021

In today’s Buzzcast, we dive into the appraisal process and how appraisers need to remain in the forefront of it all. Today we have Mark Walser, President of Incenter Appraisal Management, with Joan Trice, Founder of Allterra Group, LLC. What does it mean to be “appraiser-focused” when it comes to the appraisal process?

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Housing Wire

MARCH 13, 2023

Department of Justice (DOJ) announced Monday that they filed a statement of interest to “explain the application of the Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA) to lenders relying on discriminatory home appraisals.” After the appraisal, loanDepot said it would not extend the loan. Lanham, et al.

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Appraisal Valuation Mortgage Property Appraisal 327

Housing Wire

OCTOBER 18, 2021

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. Appraisers often spend much of their day driving from property to property, Thompson said. Presented by: Incenter.

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Appraisal Appraisal Process Mortgage Valuation 529

Housing Wire

JANUARY 11, 2022

Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I I was extremely upset that any of that stuff would be in an appraisal report.”.

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Appraisal Buzz

MAY 4, 2022

Today’s Buzzcast interview is with Steve Sanders, Owner of Appraisal Source. We sat down with Steve and Jim Morrison, VP of Marketing and Sales for Allterra Group, to discuss his famous Appraisal Buzztoons. What is your background in the appraisal industry? Where can appraisers check out your Buzztoons?

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Housing Wire

DECEMBER 8, 2022

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. What’s going on? New products speeding up the process.

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Appraisal Process Appraisal Valuation Mortgage 366

Housing Wire

AUGUST 4, 2022

The parent company of appraisal software firm Veros Real Estate Solutions has acquired California-based appraisal management company Valligent Technologies. Valligent, founded in 2003 and led by Jeremy McCarty and Jeff Wickham, provides traditional, desktop and hybrid appraisal services to lenders, credit unions and others.

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Housing Wire

FEBRUARY 9, 2023

Education media publisher Appraiser eLearning (AEL) bought Valuation Expo and Appraisal Buzz from Joan Trice , who created the two entities about 20 years ago. The Maryland-headquartered Appraisal Buzz sends out newsletters two times a week, featuring articles and submissions from industry leaders, according to its website.

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Housing Wire

MARCH 21, 2022

United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house appraisal program. Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program. New blood in the appraisal space.

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Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. Policy can affect all segments of the appraisal profession.

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Appraisal Buzz

APRIL 18, 2022

This article was first published in the Appraisal Buzz Magazine. We are asking for submissions about your wildest appraisal stories! All the way from haunted encounters to animals that have been (unexpectedly) stumbled upon – Share with us and you could be featured in our Fall 2022 Appraisal Buzz Magazine. That’s when.

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Appraisal Buzz

JANUARY 24, 2022

Are you ready to meet the new GSE requirement of a detailed floor plan for your desktop appraisals? Join us for our upcoming webinar on January 25th at 2 pm, “ The Future of Desktop Appraisals ” with Joshua Walitt and Mark Walser! Learn about all of the new features in RemoteVal – a free inspection app for appraisers!

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Appraisal Buzz

MARCH 21, 2022

Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke!

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Housing Wire

JULY 28, 2021

Cora Robinson, who is Black, claims that appraiser Thomas Kearney violated the Fair Housing Act by undervaluing her home by over $400,000. Robinson also names as a defendant Class Valuation , an appraisal management company. Like most appraisers, Kearney relied largely on the appraised value of comparable homes to reach his figure.

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Appraisal Buzz

SEPTEMBER 5, 2022

This is part three of a three part series on appraisal review – Read parts one and two. When interacting with executive managers, I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” The Recent History of Appraisal Revisions. Complexity in Process and Properties.

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Appraisal Buzz

AUGUST 3, 2022

We sat down with Todd and Joan Trice, Founder of Allterra Group, LLC, to discuss what appraisers need to know about the current market, quality control, and new technology. What are the most common revisions that appraisers have to fix in their reports? What can appraisers do to keep up with the latest technology?

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