Appraiserblogs

APRIL 9, 2024

Based on the local market appraisal fee, Valuation Connect values the “appraisal expertise” component of a hybrid appraisal at 18% of what the consumer pays for an appraisal. for a whopping $220 (sarcastically). for a whopping $220 (sarcastically). They plan to have an unlicensed inspector walk into a.

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Valuation Inspection Appraisal Real Estate 115

Appraisal Buzz

JUNE 23, 2021

In today’s Buzzcast, we dive into the Home Valuation Code of Conduct, where it began, and how it’s viewed today in the industry. They delve into a deep discussion regarding the HVCC and what we’re still learning from the housing crisis today. What exactly was the Home Valuation Code of Conduct?

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Valuation Appraisal Mortgage Housing Market 307

Appraisal Buzz

DECEMBER 6, 2021

The shortage of appraisers within the industry has been well publicized recently and no doubt plenty of you reading this article have experienced the impact of this shortage first hand. According to the Appraiser Institute , more than 10,000 appraisers have left the industry since 2013. AMCs Driving Tech Innovation .

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Appraisal Appraisal Process Valuation Technology 448

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. Despite its roots in a methodology designed to support appraisers, Value.

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Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

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Appraisal Buzz

APRIL 24, 2024

It seems like bringing up Short Term Rental valuation is the quickest way to start a fight on social media. Ferris will be teaching a class on valuation of short term rentals all across the country for the Appraisal Institute, and one of those stops is at Valuation Expo on August 19th. appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Total year-end sales volume ended at 5.64 Therein lies the problem.

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Appraisal Buzz

APRIL 22, 2024

Here’s the kicker: you’ve got to be a decent appraiser to even get a shot at bidding. There are many, many other ways to make a living as an appraiser (and even as an appraiser who mainly does lender work). I often see appraisers post potential bids on social media and say something like “Can you believe this crap?

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Appraisal Buzz

JUNE 14, 2021

Fannie and Freddie are slowly rolling back some of the COVID-era regulations that have facilitated getting appraisals done during the pandemic. Appraisers are starting to get one-off requests from Fannie and Freddie for more information and an interior inspection, even though the property already had a COVID-alternative accepted.

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Appraisal Appraisal Process Technology Housing Market 435

Housing Wire

SEPTEMBER 16, 2022

House of Representatives this week passed a bill that streamlines the appraisal process for U.S. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

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Modernization Appraisal Appraisal Process Finance 488

Appraisal Buzz

JUNE 5, 2024

One of the biggest issues we have seen from GSE’s is about appraisers supporting their adjustments. Why is that such an issue for some appraisers? Why is it crucial now more than ever for appraisers to master this skill? The post Tips on Mastering Market-Based Adjustments appeared first on Appraisal Buzz.

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Marketing Valuation Appraisal Development 343

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. Mortgage lending work is only one type of business where appraisals are needed. Appraisals are also often needed for tax appeals and for private cash sales.

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Housing Wire

MARCH 5, 2021

What a two-year stretch it has been for appraisers. The appraisal workforce was already in decline in 2019. These factors combined to throw the appraisal industry in flux. It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially?

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Appraisal Buzz

MAY 19, 2021

Have you joined the Appraisal Buzz Forum yet? Become a member today and you could win up to $400 on your Valuation Expo Trade Show Pass! Our first winner was Jeremy Bagott for his post in “Appraisers in the News” regarding Texas appraisers and USPAP. You can post every week for your chance at winning!

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Valuation Inspection Appraisal Housing Market 243

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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Housing Wire

NOVEMBER 18, 2021

While having core systems in place is important, no matter how good a lender’s process is, if there’s an issue with the appraisal, everything could be compromised. According to Reggora co-founder and CEO Brian Zitin, “Lenders need to start paying attention to the appraisal process now, more than ever.”. The first is legacy technology.

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Appraiserblogs

JUNE 14, 2024

Exposing the inner workings of these predatory AMCs and their corrosive influence on the housing market. Cindy Chance’s recent comments about the concerning practices of some appraisal management companies (AMCs) have struck a chord with many in the real estate valuation industry.

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Valuation Appraisal Process Real Estate Appraisal 110

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. The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market.

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McKissock

MARCH 3, 2023

Fannie Mae updates its Selling Guide to include more options for property valuations. Early signs of a housing market rebound are halted by rising interest rates. A new episode of Beyond the Numbers with McKissock Appraisal interviews Robbie Wilson to learn how his company, RSDS, is working to increase appraisal diversity.

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Valuation Appraisal Marketing Housing Market 82

Housing Wire

APRIL 6, 2021

Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. She recently had a deal fall apart due to appraisal. How hybrid title and valuations help increase lending efficiency.

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Appraisal Buzz

SEPTEMBER 29, 2021

and Germany appraisers can learn from each other. Today we have Reiner Lux, General Manager of HypZert GmbH and Mattias Fischer, Manager of Valuation for VDP, with Joan Trice, Founder of Allterra Group, LLC. What exactly are appraisers seeing in the current market? What exactly are appraisers seeing in the current market?

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Appraisal Appraisal Process Valuation Marketing 221

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.

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Appraisal Appraisal Process Valuation Renovations 367

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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Appraisal Buzz

MAY 6, 2024

Ed DeMarco, President of the Housing Policy Council, described the stakes: “Rising homeowner insurance premiums – and even lack of insurance availability from private carriers in certain areas – may ultimately affect demand for housing in those markets. You may be wondering how this all trickles down to the appraisal report.

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Housing Wire

MARCH 1, 2023

These are the companies and solutions helping mortgage professionals capture market share, retain borrowers and improve margins in an ever-changing housing market. The following table shows the 2023 winners. Congratulations to the 2023 Tech100 Mortgage honorees.

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DW Slater Company

JANUARY 30, 2023

What’s happening in the housing markets? Mortgage rates impact housing as they affect buying power. As we look at the housing market for 2022, a clear shift has occurred. Million Allegedly Paid to Two “Favored” Appraisers. Million Allegedly Paid to Two “Favored” Appraisers.

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Housing Market Marketing Real Estate Appraisal 122

McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you.

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Appraisal Buzz

JUNE 2, 2021

In today’s Buzzcast, we dive into a market analysis of the housing industry and what will be facing appraisers within this coming year. Today we have Bill King, Chief Valuation Officer of Bradford Technologies with Joan Trice, Founder of Allterra Group, LLC. Is there a bubble happening now?

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Chief Valuation Officer Marketing Valuation Housing Market 368

Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Law Development Valuation 309

McKissock

MARCH 3, 2023

Fannie Mae updates its Selling Guide to include more options for property valuations. Early signs of a housing market rebound are halted by rising interest rates. A new episode of Beyond the Numbers with McKissock Appraisal interviews Robbie Wilson to learn how his company, RSDS, is working to increase appraisal diversity.

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Valuation Appraisal Marketing Housing Market 52

McKissock

MARCH 3, 2023

Fannie Mae updates its Selling Guide to include more options for property valuations. Early signs of a housing market rebound are halted by rising interest rates. A new episode of Beyond the Numbers with McKissock Appraisal interviews Robbie Wilson to learn how his company, RSDS, is working to increase appraisal diversity.

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Valuation Appraisal Marketing Real Estate 52

Appraiserblogs

NOVEMBER 11, 2022

It is gratifying when appraisers are correct, and the AVMs burn; unless you invested in their stocks. I mean no disrespect to the modelers of the Automated Valuation Models (AVMs) or to Zillow for relying on their AVMs. Related Posts: Non-Appraisers Valuation Never Appropriate Here is a NAR deck on AVMs (automated valuation models).

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Appraisal Buzz

AUGUST 18, 2021

In today’s Buzzcast, we dive into the current appraisal market and what U.S. and Australian appraisers can learn from each other. We’ll be getting the inside scoop while Joan and Chris discuss how we can streamline the appraisal process like they do in other countries.

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Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. So you’ve found a house and you have submitted an offer… now what?

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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.

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Housing Wire

OCTOBER 16, 2023

.” Bi-merge, appraisal udates Thompson also said the FHFA efforts to implement a bi-merge credit report “are moving full steam ahead.” ” On Monday, the FHFA also published its new Uniform Appraisal Dataset (UAD) appraisal-level public use file.

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Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. To their credit, in the December 2023 Appraiser Update newsletter, Fannie Mae clarified the issue nicely. The “great concern” they cite is appraisals where 4.4 09, Adjustments to Comparable Sales ).

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