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.

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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. Presented by: Accurate Group.

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Housing Wire

APRIL 9, 2021

Canadian real estate technology company Voxtur Analytics Corp. closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5 Appraisal Now, better known as “ Anow ,” makes an automated appraisal workflow management platform for the global appraisal market.

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Appraisal Buzz

MAY 15, 2024

Campudoni has more than 25 years of experience in information technology. He recently joined FHFA after spending two years as the deputy chief information officer at the Small Business Administration (SBA), where he led, executed, and oversaw the information technology products, services, and operations that supported the SBA’s mission.

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Housing Wire

JANUARY 24, 2023

appraisal system, some experts say there’s no point in nibbling at the edges. Chopra spoke during the first-ever Federal Financial Institutions Examination Council’s Appraisal Subcommittee (ASC) hearing, which focused on appraisal bias. The Subcommittee has authority over the state programs on appraisals. “We

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Housing Wire

MARCH 18, 2024

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.

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Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Lenders typically use appraisal management companies (AMCs) to transfer the compliance burden associated with AIR.

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The Appraiser Coach

APRIL 20, 2021

I recently met with another appraiser who admitted to me he was still using a clipboard and pen. There are very few people out there still using these; most appraisers. Read More.

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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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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.

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Appraisal Buzz

APRIL 12, 2024

Stephan will continue in her role leading the FHFA Office of Financial Technology. Stephan is a 25-year veteran in mortgage technology. In these roles, she led complex digital transformation initiatives, oversaw mission-critical technology operations, and drove innovation at scale.

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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.

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Housing Wire

MAY 2, 2022

The appraisal industry was no exception, creating hybrid or remote models to conduct an appraisal and home inspection without physically entering the home as COVID-19 cases rose. This certainty should allow lenders, borrowers, and appraisers alike to take advantage of the efficiency gains that desktop appraisals can provide.”.

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Housing Wire

NOVEMBER 30, 2021

And the appraisal process is no exception. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. The appraisal gap for properties in Latino neighborhoods can be even worse, going as high as 9.4%.

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Housing Wire

NOVEMBER 28, 2023

Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs). Terms of the ASG-Value Acceptance deal were not disclosed.

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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 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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Appraisal Buzz

MARCH 21, 2024

The 30-year government veteran is an internationally recognized leader in bank supervision and an outspoken advocate for housing finance innovation, Argyle says in a release. After launching the FHFA’s Office of Financial Technology in 2022, he introduced its first annual Velocity tech sprint in 2023. banking regulation.

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Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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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.

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Housing Wire

JANUARY 14, 2022

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt to market changes to accommodate their clients’ needs. Appraisal demand from generators (i.e.,

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Appraisal Buzz

APRIL 16, 2024

In addition, Belovsky has held software engineering and leadership roles across verticals in healthcare, software consulting, hospitality and government sectors. In his new role with Dovenmuehle, Belovsky will lead data governance, data engineering and machine learning strategies. “We

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Housing Wire

JANUARY 20, 2022

The residential real estate appraisal industry is staring at a fork in the road. The latest reminder is a report released Wednesday from the Appraisal Subcommittee , a part of the federal government in charge of monitoring appraiser standards. appraisers say they are male, 1.3% appraisers say they are male, 1.3%

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Housing Wire

OCTOBER 4, 2023

“If only one of these is available to the appraiser, that will satisfy compliance with the Selling Guide,” the update document explained. “If This update does not apply, however, to newly constructed manufactured homes , since these documents are required on all newer units.

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Housing Wire

MAY 25, 2021

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage.

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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.

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Housing Wire

OCTOBER 4, 2023

When asked to recommend AI application ideas for the government-sponsored enterprises (GSEs) to develop for the mortgage industry, lenders pointed to appraisal automation, borrower income/employment verification , data/documentation reconciliation and standardization, and compliance management.

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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.

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Housing Wire

AUGUST 22, 2023

The proposed rule will implement quality control standards that govern AVMs used by originators and secondary market issuers in valuing the real estate collateral securing mortgage loans. The National Association of Mortgage Brokers (NAMB) said it supports new federal regulatory proposals governing the use of AVMs.

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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.

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Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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The Appraiser Coach

APRIL 4, 2023

I’ve been talking recently about what I call the “principles of prosperity.” The last couple have had to do with money – what it is and how it works. Read More

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McKissock

MAY 9, 2023

Join McKissock Learning and Anton Danilovich on Wednesday, May 31, 2023, for a FREE one-hour non-credit webinar: “Understanding Your Market with TopHap Technology.” ” TopHap is an analytic tool that can help you learn even more than you already know, helping you “Bring your own data” to solve those tough appraisal problems.

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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.

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Housing Wire

JULY 5, 2022

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We’ve been a company that’s been investing very heavily in bringing data analytics and technology into the valuation space.

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The Appraiser Coach

SEPTEMBER 7, 2021

Technology is important to your business. Sometimes, it can be a challenge to keep your computer, your systems, your network, your internet, and the software you use all running and. Read More.

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