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.

Appraisal 371

Appraisal Reconsideration of Value Valuation Training 371

Appraisal Buzz

MAY 25, 2022

HOUSTON, TX (May 25, 2022) – Before opening its doors in January of 2020, Accurity Consolidated laid out very specific goals to create a large wave of revival in the appraisal industry. McKeever described the process of finding someone to train him as “extremely difficult.” It has been the first job that I have loved,” he added.

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Appraisal Training Appraisal Process Real Estate 370

DataMaster

FEBRUARY 3, 2021

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. Hybrid appraisals use the services of a third party.

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Appraisal Process Appraisal Modernization Training 78

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 Inspection Real Estate Agent Training 410

Appraiserblogs

MARCH 12, 2021

With that being said, the last piece of the quality puzzle starts at the... Related Posts: FHFA to Screw Up Appraisals The FHFA is looking for comments on how they can better screw up the appraisal process.

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Training Valuation Appraisal Process Appraisal 147

Housing Wire

AUGUST 23, 2022

Desktop appraisals became a permanent option for certain loans earlier this year. HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization. How willing are appraisers to adopt desktop and hybrid appraisals?

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Appraisal Modernization Appraisal Process Technology 340

Housing Wire

OCTOBER 29, 2021

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.

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Appraisal Appraisal Process Training Lending 344

Housing Wire

APRIL 30, 2022

In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. However, for lenders to take advantage of these benefits on behalf of their customers, they need to navigate new GSE requirements, such as ensuring appraisers have access to a digital floor plan.”.

Appraisal 360

Appraisal Valuation Technology Real Estate 360

Housing Wire

MAY 23, 2023

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. We often hear the statistic that the average appraiser is a 57-year-old white male.

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Technology Appraisal Lending Valuation 367

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. Scott Murphy, CEO of D.S.

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Appraisal Appraisal Process Valuation Renovations 370

Chicagoland Appraisal Blog

FEBRUARY 22, 2024

When it comes to home appraisals, the question of whether or not to ask the appraiser to remove their shoes can be a common concern for homeowners. Asking the appraiser to take off their shoes is entirely reasonable and understandable. The post Should You Ask Appraisers to Remove Their Shoes?

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Appraisal Appraisal Process Training 78

Housing Wire

MARCH 23, 2021

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. In light of that, HousingWire recently sat down with ValueLink SVP of Operations Aqil Ahmed to discuss today’s appraisal landscape. HW: What is the No.

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Appraisal Valuation Inspection Modernization 342

Boston Appraisal

OCTOBER 8, 2022

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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Appraisal Inspection Appraisal Process Valuation 135

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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Valuation Inspection Training Appraisal 384

Housing Wire

MAY 10, 2023

Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes. The company’s goal is to provide customers with an understanding of every U.S.

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Valuation Modernization Technology Appraisal 364

Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Appraisal Design Lending Technology 397

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Allow us to demystify the process.

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Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Allow us to demystify the process.

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Appraisal Process Appraisal Mortgage Buyers 78

Housing Wire

JULY 12, 2022

John Bell, deputy director at the VA, said the agency has made strides in recent years to get loans processed and out the door in a timely manner. We’ve also done a lot of work in appraisals and trying to reduce the time that it takes not only to assign an appraisal to an appraiser, but also the time an appraisal is delivered to us.

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Modernization Appraisal Process Appraisal Training 362

DataMaster

APRIL 6, 2021

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.

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Appraisal Appraisal Process Buyers Legal 158

Birmingham Appraisal

APRIL 4, 2023

Will Appraisal Integrity Be Negatively Affected by Data Collectors In the world of real estate, appraisals play a vital role in determining the value of a property. However, in recent years, the rise of data collectors has brought into question the integrity of modern appraisals.

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Modernization Appraisal Inspection Training 89

Appraiserblogs

SEPTEMBER 20, 2021

Could this be another reason why so many real estate appraisers refuse to do bifurcated hybrid appraisals? “ Could this be another reason why so many real estate appraisers refuse to do bifurcated hybrid appraisals? Who’s REALLY completing bifurcated/hybrid appraisal reports? You Decide!“ You Decide!

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Appraisal Real Estate Appraisal Process Training 113

McKissock

MAY 20, 2023

What’s it like getting started in the appraisal business? We sat down with young appraiser, Lindsay Onuffer, to find out. Lindsay is a 22-year-old appraiser trainee in Pennsylvania. Q: What made you want to get into appraisal? Lindsay Onuffer A: I became interested in the appraisal profession because of my mom.

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Appraisal Real Estate Training Appraisal Process 97

Boston Appraisal

OCTOBER 8, 2022

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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Appraisal Inspection Appraisal Process Valuation 78

Premier Home Appraisal Blog

MAY 17, 2023

Price like a Real Estate Appraiser! Are you a real estate professional or mortgage lender looking to learn more about the home appraisal process? Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection.

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Appraisal Bracketing Appraisal Tips Inspection 98

Boston Appraisal

OCTOBER 8, 2022

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 78

Appraisal Inspection Appraisal Process Valuation 78

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

SEPTEMBER 22, 2023

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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Appraisal Training Inspection Real Estate 85

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 86

Housing Wire

SEPTEMBER 23, 2021

Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. How do remote valuation solutions benefit appraisers? The appraisal-valuation space has seen quite a bit of mergers and acquisitions and disruptions in the last year.

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Valuation Technology Appraisal Modernization 376

AmeriMac

APRIL 30, 2024

Commercial real estate appraisals are an integral part of buying or selling commercial properties. These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area.

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Appraisal Appraisal Process Valuation Real Estate 36

Birmingham Appraisal

SEPTEMBER 28, 2022

One of these changes is the use of the hybrid appraisal by lenders. What Is A Hybrid Appraisal? A hybrid appraisal is one that is done by involving more participants than just the appraiser. Rather than involve the appraiser in the data collection part of the appraisal process this part is done by someone else.

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Appraisal Property Inspector Training Real Estate Agent 59

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

Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

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Appraisal Inspection Real Estate Agent Training 68

Housing Wire

JUNE 7, 2021

Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre , President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry. The dramatic change in value from two appraisals seems unusual. The first appraisal came back at $405k.

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Appraisal Process Appraisal Decorating Valuation 473

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

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Appraisal Appraisal Process Valuation Real Estate 36