Smart Inspections
The Appraiser Coach
JULY 19, 2022
This woman said that she has been using an iPad for years to do her mobile inspections, but had heard. I was recently contacted by an individual with a question. Read More.
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The Appraiser Coach
JULY 19, 2022
This woman said that she has been using an iPad for years to do her mobile inspections, but had heard. I was recently contacted by an individual with a question. Read More.
Housing Wire
DECEMBER 11, 2020
Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. Are borrower-assisted inspections here to stay? 31, 2021. “We 31, 2021 from Dec.
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Housing Wire
MARCH 11, 2021
The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021.
The Appraiser Coach
MAY 18, 2021
It is no secret that we as appraisers take a lot of photos. I probably take about 20-25 per house that I inspect. Then there are all the comp photos. Read More.
Housing Wire
JANUARY 14, 2021
The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on Jan.
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.
Appraisal Buzz
FEBRUARY 7, 2022
Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.
The Appraiser Coach
MARCH 12, 2021
Many appraisers work out of our homes, not interacting with office staff or other appraisers. Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections. Read More.
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.
Housing Wire
JANUARY 3, 2022
Appraisal management company Clear Capital , in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its photo review product , ClearPhoto. Permanent desktop appraisals are a win for everyone – here’s why.
McKissock
JUNE 17, 2022
The COVID-19 pandemic has accelerated the shift to desktop appraisals. As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Want to stay ahead of the curve with desktop appraisals and the latest technology?
Housing Wire
MARCH 18, 2024
Valuation Selector helps lenders and investors identify the most suitable valuation method (AVM, AVM with inspection, desktop exterior, desktop interior or full appraisal) for a property, depending on its complexity.
The Appraiser Coach
MARCH 19, 2024
As a real estate investor, I have the opportunity to rub shoulders with all kinds of people, even other appraisers on occasion. With a recent house purchase in another state, I got a call from the appraiser of this property as he was planning a visit out there. To get the mix just right, you need a little bit of both.
Genworth MI Blog
AUGUST 31, 2022
Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?
Appraisal Buzz
MARCH 7, 2022
Is there a career with more inherent paradoxes than real estate appraising? Every appraisal decision we come to requires lots of verified data – but also our intuition and opinions. To be a real estate appraiser is to live with these strange contradictions every day. This is my favorite thing about being an appraiser.
Appraiserblogs
MARCH 7, 2024
Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. appeared on Appraisers Blogs.
Housing Wire
OCTOBER 2, 2023
Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. Xactus Appraisal Firewall X provides data for both processes. Xactus Appraisal Firewall X provides data for both processes.
Appraisal Buzz
DECEMBER 20, 2021
. — December 16, 2021 — Deephaven Mortgage today announced an alliance with Incenter Appraisal Management to give Non-Agency/Non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans. However, the challenges of appraiser shortages and appraisal backlogs are slowing down lending.
The Appraiser Coach
DECEMBER 14, 2021
Can you do a rental schedule on a property that you have not appraised? This was a question recently asked in my closed Facebook All-Stars group. Within this private group, Read More.
Miller Samuel
NOVEMBER 30, 2018
My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000.
The Appraiser Coach
SEPTEMBER 14, 2021
Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.
Realtor
NOVEMBER 7, 2023
Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. Costs of buying a home #4: Inspection You want to be assured your new home is structurally sound and free of surprises such as leaks or pests living in the walls. Home inspection : This is critical for home buyers.
Miller Samuel
MARCH 18, 2020
As co-owner of an appraisal firm for 34 years, while based in Manhattan, we generally don't drive to appraisal inspections. By the time the first Fed rate cut was made in response to the coronavirus on March 3, we adopted a screening process for appraisal inspections. Imagine if the appraiser was a carrier?
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.
Housing Wire
AUGUST 3, 2022
National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. According to a Class Valuation press release, AppraisalTek operates in all 50 states, as well as the District of Columbia, and has a “significant staff appraiser impression” in Arizona.
Realvals
JUNE 18, 2023
In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.
The Appraiser Coach
MARCH 30, 2021
I was recently asked by a newbie in real estate appraisal how much I think a new real estate appraiser should charge. Many new appraisers and trainees want to get. Read More.
Raleigh Realty
MARCH 29, 2021
Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?
The Appraiser Coach
JULY 20, 2021
As appraisers we often wear at least two different hats. You have heard me talk about the business owner cap versus the technician cap. While we often play both roles, Read More.
Housing Wire
MARCH 21, 2023
Lender and appraisal management companies and other property data collection companies can now use Black Knight ‘s Scout mobile property inspection as part of the value acceptance plus property data process. The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative.
Realtor
MAY 15, 2023
Getty Images If you need a mortgage to buy a home you have your eye on, it’s standard for your lender to order an appraisal of the property. But when your lender says it’s ordering a hybrid appraisal instead of a traditional appraisal , what does that mean exactly ? The appraisal also protects you as a buyer.
The Appraiser Coach
APRIL 27, 2021
It is possible to be simultaneously licensed and practicing as a real estate appraiser while also being a licensed and practicing real estate agent. The answer is yes, but there. Read More.
Appraisal Buzz
MARCH 28, 2022
Appraising compliance with the American National Standard for Single-Family Residential Buildings. Appraiser Responsibility. It is implied that an appraiser choosing not to adhere as a personal choice or preference would not be an acceptable reason for an exception. Laser measuring tools.
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.
The Appraiser Coach
DECEMBER 5, 2023
I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. To make a long story short, this man felt like the first appraisal had come in lower than it should have. Real-estate agents, homeowners, appraisers – we’re all human.
Appraisal Today
AUGUST 18, 2023
7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. Dragon is very well-liked among appraisal professionals, making it number one on our list of must-have apps for appraisers. Genius Scan This app gets a lot of love from appraisers. Dragon has been around a long time and is popular with commercial appraisers.
The Appraiser Coach
APRIL 13, 2021
Some people might say a public forum isn’t the place to air this dirty laundry, but this is not really a public forum. Of my thousands of readers, very few. Read More.
Appraisal Buzz
MAY 31, 2021
A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home. Only the wife was at home to greet the appraiser when they arrived to inspect her home. When the couple received the final appraisal report of their home’s value, they were shocked!
The Appraiser Coach
NOVEMBER 15, 2023
You drive for an hour for an inspection. This is an awkward situation, and one that requires some care and good judgement on the part of the appraiser, especially in today’s world. When I show up at an appraisal and mom and dad aren’t home, I turn on the sound recorder on my phone. We’ve all been there before.
McKissock
AUGUST 26, 2022
While a small number of real estate appraisers (e.g., review appraisers) may spend their entire workday in an office sitting at a computer, most split their time between the office and the field. Are you a new or prospective appraiser curious about what your workday might look like? Comments and tips from appraisers.
AmeriMac
NOVEMBER 30, 2023
Commercial Real Estate Appraisal is a crucial process that helps determine the value of commercial properties. In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised.
Housing Wire
MARCH 1, 2023
You use the right comps to appraise it. This solution – built on Google Cloud’s secure and sustainable infrastructure – is designed to help companies, government agencies, and enterprises measure, model, and mitigate the physical risks of climate change to the housing industry, from the present through 2050. You build the home to code.
McKissock
OCTOBER 29, 2021
Are you just starting your real estate appraisal career? Last month we asked our appraisal community, “If you could give ONE piece of advice to a new appraiser, what would it be?” ” Thank you to the large number of appraisers who shared their top tips for new appraisers! Top 12 most common tips.
Appraisal Buzz
MARCH 26, 2024
In a recent reflection on my appraisal business, I want to share an inspiring story about a fellow appraiser who defied market challenges and achieved remarkable success. This individual, relatively new to running their own appraisal business, exemplifies the power of dedication and strategic learning.
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