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JPMorgan Chase commits $3 million to appraiser diversity

Housing Wire

JPMorgan Chase recently donated $3 million to the Appraiser Diversity Initiative , putting its financial support behind a growing movement to bring more diversity to the residential appraisal field. In addition to driving sustainable homeownership, we’re working with our partners to root out bias in the residential appraisal process.

Appraisal 370
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Hybrid Appraisals and the Associated Risks

Boston Appraisal

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

Appraisal 135
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Why Appraisers Say NO to Hybrids

Appraiserblogs

Could this be another reason why so many real estate appraisers refuse to do bifurcated hybrid appraisals? Recently, a Mueller Services ‘inspector’ posted a comment on the article titled “Mueller Sample Report. Who’s REALLY completing bifurcated/hybrid appraisal reports? You Decide!“ You Decide!

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What Is A Home Appraisal?

DataMaster

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

Appraisal 158
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Hybrid Appraisals and the Associated Risks

Boston Appraisal

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. Only appraisers do the appraisals. Read the full report. Very interesting.

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Hybrid Appraisals and the Associated Risks

Boston Appraisal

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.