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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Housing Wire

DECEMBER 23, 2022

The Federal Housing Finance Agency (FHFA) isn’t doing all that it can to prevent appraisal bias, according to the agency’s Office of Inspector General. It should also alert regulators and licensing authorities when it files complaints against appraisals, the OIG said. million active appraisal records to the U.S.

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Appraisal Lending Law Finance 358

Housing Wire

FEBRUARY 1, 2024

Yet as surrounding neighborhoods appreciated in value with increased amenities and services, rising costs pushed out the mostly Black, longtime residents — excluding them from the benefits of development.” Here’s a summary of how “redlining” flows from its inception during the New Deal until today: A Black homeowner seeks an appraisal.

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Real Estate Appraisal Insurance Training 367

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. It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. We often hear the statistic that the average appraiser is a 57-year-old white male.

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Technology Appraisal Lending Valuation 333

Housing Wire

MARCH 31, 2022

Congress hopes to supplant the appraisal governing body at the center of the industry’s self-regulated framework and make public the trove of appraisal data held by the government-sponsored enterprises. That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process.

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Appraisal Valuation Training Government 411

Housing Wire

JULY 28, 2021

Department of Housing and Urban Development. 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. Robinson’s refinance loan application,” the complaint said.

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Appraisal Valuation Lending Legal 447

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. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do? GET A WEBSITE.

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Reconsideration of Value Appraisal Valuation Appraisal Process 450

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 Modernization Appraisal Process Technology 281

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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Appraisal Marketing Real Estate Inventory 370

Appraisal Buzz

NOVEMBER 18, 2021

Bringing two decades of IT and digital development experience to the table, Planet Home’s new CTO will drive innovation for the firm, positioning it for long-term growth. The post Dan Granieri to Lead Tech Efforts at Planet Home Lending appeared first on DSNews.

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Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. If an appraisal doesn’t come in on time or closing documents don’t make the deadline, Tomo executives say they will still close on schedule.

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Lending Real Estate Real Estate Agent Modernization 435

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 Reconsideration of Value Valuation Training 339

Appraisal Buzz

FEBRUARY 22, 2022

Kelli Yarbrough recently joined BSI Financial Services , a mortgage-centric financial services company, as senior vice president and chief lending officer. Yarbrough has more than 20 years of experience in business development, underwriting and processing, and operation management. Before that, she held.

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Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? HousingWire: What can the industry at large do to support the work of appraisers right now? This is misguided.

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Appraisal Property Taxes Technology Valuation 389

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together.

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Law Appraisal Modernization Appraisal Process 393

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

Housing Wire

JULY 29, 2021

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. How to reduce appraisal turn times and improve the borrower experience. Presented by: Voxtur.

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Appraisal Valuation Training Law 545

Housing Wire

SEPTEMBER 21, 2021

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week. Learn more here! Presented by: iEmergent.

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Appraisal Modernization Property Appraisal Design 416

Valuation Review

MARCH 27, 2023

The development of non-lending skills for appraisers. WalittSolutions #nonlendingskills #appraiserdiversity

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Lending Appraisal Development 78

Housing Wire

DECEMBER 14, 2021

In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

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Appraisal Valuation Finance Training 424

Housing Wire

JANUARY 24, 2022

That was the startling and totally hypothetical analogy made, based on the current structure of the Appraisal Foundation , in a scathing report released this week. Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote.

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Government Appraisal Reconsideration of Value Lending 363

Housing Wire

SEPTEMBER 20, 2021

Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020.

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Appraisal Contracts Valuation Buyers 439

Housing Wire

FEBRUARY 24, 2022

An appraiser who wrote a racist email to a researcher has received a response — but not likely the one he wanted. In an emailed tirade, appraiser Dave LaVigne lambasted appraisal bias researcher Elizabeth Korver-Glenn for her research on appraisal bias. The Appraisal Subcommittee did not immediately comment.

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Appraisal Valuation Law Real Estate 397

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below.

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Lending Appraisal Property Taxes Training 99

Housing Wire

SEPTEMBER 22, 2021

An Appraisal Subcommittee roundtable discussion about bias in appraisals struck a nerve with attendees of the virtual summit, many of them appraisal professionals. Department of Housing and Urban Development Sec. But her statements may have alienated appraisers who were expecting a dialogue. Become a member today.

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Appraisal Insurance Lending Development 254

Appraisal Buzz

OCTOBER 18, 2021

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession?

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Modernization Valuation Appraisal Training 370

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue.

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Appraisal Valuation Inspection Law 293

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. ” From the National Association of Home Builders (NAHB): “NAHB is a strong proponent of a sound and effective appraisal industry. .”

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Technology Appraisal Valuation Lending 391

Appraisal Buzz

MAY 13, 2024

PERSON OF THE WEEK: AI is new for the mortgage industry – and every other industry for that matter – but while lenders and developers are trying to find new applications for AI, regulators are taking a more jaundice view of this new technology and trying to rein in AI usage with compliance guardrails.

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Lending Law Technology Development 195

Appraiserblogs

JANUARY 8, 2024

It is appraisers who are destroying the message. The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. Or so it seems.

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Appraisal Valuation Lending Contracts 131

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. Analysis was conducted on appraisals for the purchase of a single family one-unit home.

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Valuation Appraisal Contracts Finance 370

Appraisal Buzz

JUNE 27, 2022

Class Valuation, McKissock, and DataMaster are hosting a Free webinar on “ Staying Relevant in the Appraisal Industry ” June 28th at 2 pm with Mel Black, Matt Simmons, Jared Preisler, and Lamar Ellis. Buzz: What is your background in the appraisal industry? Buzz: What are some of the ways appraisers have evolved with new tech?

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Appraisal Inspection Valuation Real Estate 195

Appraisal Buzz

MAY 7, 2024

Previously, he was with non-QM lender Angel Oak Lending, where he served as chief marketing officer. Winokur’s significant expertise in marketing strategy, brand development, marketing communications and digital marketing is expected to quickly build on existing marketplace momentum for Carrington’s diverse non-QM offerings.

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Marketing Mortgage Lending Development 195

Housing Wire

MAY 2, 2021

With an increased demand for appraisals across the country, the need for efficiency during the appraisal process is greater than ever. Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states.

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Valuation Appraisal Appraisal Process Technology 196

Appraisal Buzz

MAY 6, 2024

Over the past 20 years, he has served in key leadership roles in mortgage banking, private mortgage insurance, and appraisal management. Johnston is a certified real estate appraiser with advanced professional appraisal designations, project management designations, and process improvement credentials.

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Valuation Project Management Design Insurance 195

Appraisal Buzz

MAY 17, 2024

Brad Vasto has joined Asurity Technologies, which offers consumer lending compliance software and advisory services, as senior vice president – sales. Prior to joining Asurity, he spent 19 years at Black Knight and its predecessor companies as managing director of business development.

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Technology Lending Business Development 195