Clear Capital

FEBRUARY 2, 2022

It’s an exciting time in the mortgage industry, especially for appraisals. Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience.

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Housing Wire

MAY 2, 2021

There’s no denying the complexity of the appraisal process. With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience.

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Appraisal Appraisal Process Valuation Loan Officers 209

Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Clear Capital

MARCH 2, 2023

Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management Reno, Nev.

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Modernization Appraisal Valuation Real Estate 69

Clear Capital

JULY 28, 2021

Change can be hard to accept in any industry, including the real estate appraisal business. Now’s the time for appraisers to get on board with techniques and innovations that can complement their expertise – and ultimately lighten their load. Second, it’s worthwhile to explore why many in the industry are resistant to change.

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Housing Wire

FEBRUARY 16, 2021

Out of necessity, the pandemic spurred numerous changes in the mortgage process, including appraisals. Reggora is a venture-backed startup that provides software to speed up the appraisal process for mortgage lenders and real estate appraisers.

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Appraisal Today

MAY 17, 2024

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?” A few sample appraiser comments: “I am capable of determining the adjustments without any software.

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Whether you’re a seasoned appraiser or new to the field, having a better understanding of rural properties is essential for providing credible appraisals. Well written.

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Appraisal Inspection Modernization Business 69

AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. How Long Does a Home Appraisal Take?

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Appraisal Process Appraisal Property Taxes Buyers 36

AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. How Long Does a Home Appraisal Take?

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Appraisal Process Appraisal Property Taxes Buyers 36

Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. I suppose it is because most appraisals are done (now) for residential lending purposes.

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Appraisal Contracts Legal Business 75

Birmingham Appraisal

AUGUST 2, 2023

A Guide to Selecting the Right Appraiser Selecting a real estate appraiser is a crucial decision that can significantly impact your financial transactions and investments. Certification and Licensing Appraisal standards and regulations are vital to maintaining the integrity of the profession.

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Appraisal Agents Valuation Real Estate 71

AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. How Long Does a Home Appraisal Take?

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Appraisal Process Appraisal Property Taxes Buyers 28

Miller Samuel

APRIL 27, 2019

After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Its been a long road and achieved unanimous consensus during the process. If you're not an appraiser, then you want to read this. Here is the NYS "AMC Law" as a PDF or in plain text on the landing page of the law.

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Law Modernization Appraisal Real Estate 367

Clear Capital

MARCH 30, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital is now offering Desktop Appraisal, a GSE-compliant 1004 Desktop/70D residential appraisal that quickly delivers a reliable opinion of value with price certainty. March 30, 2022 —.

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Appraisal Valuation Real Estate Modernization 69

Clear Capital

DECEMBER 15, 2021

New technology furthers Clear Capital’s efforts to modernize the appraisal process. The technology was developed by Clear Capital’s data science team to further streamline the appraisal process and equip lenders with technology that powers low-risk, high-quality decisions.

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Appraisal Technology Appraisal Process Valuation 69

Clear Capital

MARCH 31, 2022

Clear Capital , a national real estate valuation company, announced today the launch of two desktop appraisal products, according to a press release shared with FinLedger. The two products, Desktop Appraisal and Desktop Data Collection , are both aligned with standards recently established by GSEs Fannie Mae and Freddie Mac.

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Appraisal Real Estate Agent Tools Modernization 36

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 Today

JANUARY 20, 2023

Top Ten Reasons Why It Is Great to be an Appraiser! Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more, click here My comments: It has been a while since appraisers made negative concession adjustments.

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Appraisal Contracts Sellers Business 52

Clear Capital

JUNE 14, 2022

Collateral Desktop Analysis provides transparency and efficiency to ValueLink customers conducting appraisal reviews. Designed to remove pre-funding uncertainty or support post-funding due diligence, CDA is an efficient, cost-effective method to determine if an appraisal under review is adequately supported.

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Appraisal Valuation Inspection Technology 36

Clear Capital

SEPTEMBER 9, 2021

As recent reports continue to shed light on the state of race-based appraisal bias among certain appraisers, industry leaders and policymakers are on the hunt for solutions to a problem that has plagued the industry. READ FULL STORY. The post Kenon Chen to speak at HW Annual Sept.

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Modernization Appraisal Process Valuation Appraisal 36

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 Appraisal Process Client Relationships Valuation 408

Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. Many are tired of hearing about how the appraisal industry needs to change and progress. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents.

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AmeriMac

NOVEMBER 15, 2023

It is a streamlined appraisal process designed to provide lenders and borrowers with a more efficient and cost-effective way of obtaining property valuations. Lenders input loan and property information into the Loan Product Advisor (LPA), which analyzes the data and offers an appraisal waiver if eligible.

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Valuation Appraisal Appraisal Process Real Estate 36

Housing Wire

APRIL 5, 2023

Department of Veterans Affairs , accepting desktop appraisals has been the most notable use of tech, John Bell III, executive director of the VA, said. House of Representatives passed a bill in September that streamlines the appraisal process for VA mortgage loans.

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Technology Appraisal Process Modernization Appraisal 308

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. For many years I appraised in the nearby city of Berkeley, CA. Worth reading. A good summary. No effect on value.

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Appraisal Buzz

SEPTEMBER 1, 2021

This partnership will reduce the friction in the bifurcated appraisal process by enabling a seamless integration of property inspection data and analytics in appraisal workflows. Ideas of modernization and data integrity have been heavily debated topics in the real estate industry for some time. About PropMix.io.

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Appraisal Valuation Real Estate Modernization 195

Housing Wire

NOVEMBER 30, 2021

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.

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Appraisal Process Modernization Appraisal Valuation 407

AmeriMac

MARCH 29, 2024

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. The appraisal process is an essential part of the reverse mortgage application process. Let’s dive deeper into the details.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Housing Wire

SEPTEMBER 8, 2021

As recent reports continue to shed light on the state of race-based appraisal bias among certain appraisers, industry leaders and policymakers are on the hunt for solutions to a problem that has plagued the industry.

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Technology Valuation Modernization Real Estate 254

Clear Capital

APRIL 24, 2024

During his tenure, he has played an instrumental role in Clear Capital’s work alongside Fannie Mae and Freddie Mac to refine and modernize the appraisal process. In addition to UDC, Dan led the development of AURA (Appraisal Underwriting Risk Analyzer) , which launched in August 2023.

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Modernization Appraisal Appraisal Process Inspection 36

Clear Capital

APRIL 21, 2021

Through a digital platform built from the ground up by industry and data experts, AppraisalVision is transforming the appraisal and appraisal review processes for lenders, appraisal management companies (AMCs), and appraisers. ” ###. ” ###. . ” ###.

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Appraisal Today

DECEMBER 23, 2022

Excerpts: The property to be appraised is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. In this case, circumstances involving ownership are uncommon or make the appraisal more complex. Appraisal Business Tips . Humor for Appraisers.

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Appraisal Contracts Mortgage Modernization 52

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. My comments : ROVs are a PITA for many appraisers. Greg Stephens is a very experienced appraiser and reviewer.

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Reconsideration of Value Appraisal Clients Contracts 52

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers.

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Sellers Agents Real Estate Buyers 69

Clear Capital

JANUARY 5, 2023

“Many news stories tend to focus on the potential for an individual appraiser delivering a too-low estimate based on factors associated with the occupants instead of the home. ” These programs were designed to address an acute housing shortage by providing affordable homeownership opportunities for American families.

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