Appraisal Design Legal Valuation 
Appraisal Buzz
MAY 6, 2024
Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. According to Mehlomakulu, ICON’s homes are 350% stronger and are designed to outlive the traditional spec home by nearly triple their life expectancy.
Housing Wire
AUGUST 22, 2023
The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). the trade groups state. ” Another trade group weighed in on the newly proposed rule.
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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.
Housing Wire
MAY 27, 2022
The requirement also applies to mortgage lenders, legal experts say. The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”.
Boston Appraisal
SEPTEMBER 18, 2023
But often, the role of the real estate appraiser is overlooked. As industry leaders in both residential and commercial real estate valuations, Boston Appraisal Services deeply understands the critical contribution that precise appraisals make in the estate planning matrix.
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.
Cleveland Appraisal Blog
FEBRUARY 11, 2022
Or I could go to a store that specializes in running shoes and purchase shoes that are more expensive but clearly designed for the rigors of running. Just like going cheap when buying running shoes can be costly, the same is true when it comes to hiring an appraiser. Is there really support for what the appraiser is reporting?
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