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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Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. Policy can affect all segments of the appraisal profession.

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Housing Wire

AUGUST 5, 2022

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

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Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers Can Complete Virtual Inspections Independently, Be Their Own Bosses, and Prepare for a Digital Future. Appraisers will now be able to register for full access to RemoteVal for both desktop and hybrid assignments at remoteval.net. Incenter Appraisal Management is also reachable by phone at 866-222-6205.

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McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser.

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Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections. Get More Info.

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Valuation Appraisal Appraisal Process Inspection 406

JMV Lending

JUNE 2, 2023

Both Fannie Mae and Freddie Mac are pushing their latest attempt to bypass appraisers – with what are called “inspection-based appraisal waivers” or “Value Acceptance + Property Data Collection” findings.

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Housing Wire

SEPTEMBER 23, 2021

Appraisers have experienced many challenges in the last couple of years. From juggling high volume demand for appraisals in the middle of a pandemic, appraisers had to radically change their processes. Remote inspections have the power to make homeowners and appraisers more comfortable. Introducing RemoteVal.

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Genworth MI Blog

FEBRUARY 18, 2021

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will the appraiser look in my closets? Should I follow the appraiser and point things out? Tips for an On-Site Appraisal Inspection.

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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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Housing Wire

FEBRUARY 6, 2024

Previously, the only way to create a robust report truly reflective of the potential of a short-term rental was to have a certified general appraiser complete a narrative report. Utilizing a Certified General Appraiser ensures that the professional making the analysis and providing relevant commentary has the credentials to be able to do so.

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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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D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Appraisal? Like us here at D.

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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

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

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

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Appraisal Buzz

SEPTEMBER 1, 2021

Incenter Appraisal Management ’s new RemoteVal technology works to streamline one of the biggest bottlenecks in mortgage lending: appraisals. Already being piloted nationally, RemoteVal is empowering appraisers to complete thorough, compliant appraisal inspections without ever leaving their desks.

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Appraisal Process Appraisal Inspection Lending 195

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.

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Appraisal Inspection Appraisal Process Valuation 135

CP Home Appraisals

AUGUST 27, 2018

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does.

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Inspection Appraisal Property Inspector Real Estate 78

Genworth MI Blog

FEBRUARY 18, 2021

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will the appraiser look in my closets? Should I follow the appraiser and point things out? Tips for an On-Site Appraisal Inspection.

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Inspection Appraisal Real Estate Loan Officers 78

Hank Miller Team

NOVEMBER 22, 2022

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Real Estate Appraisal?

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Housing Wire

NOVEMBER 4, 2020

In addition, servicers need to maintain relationships with a number of outsourcers who are not being paid during the moratorium, including foreclosure attorneys, eviction attorneys, inspection providers, real estate companies, appraisers, property preservation vendors and REO suppliers.

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Lending Clients Training Investors 380

Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Appraiserblogs

FEBRUARY 22, 2022

Appraisers, recent watercooler discussions by appraisers focus on the new ‘desktop’ appraisals many will be requested to do. Appraisers, I’ve…. Solution for Alternative Reports Lenders are having a problem finding enough appraisers to fulfill the number of 'alternative' reports. How will that be done?

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Appraisal Buzz

DECEMBER 20, 2021

It quickly became apparent that the health risk would prevent professional fee appraisers from entering properties in order to inspect them for their appraisal reports. The second approach allowed appraisers to make use of other available technologies to complete their reports. They’ve dealt with that before.

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Valuation Inspection Appraisal Lending 367

Riverfront Appraisals

FEBRUARY 5, 2021

This post is part two of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one, go back and read all about the Final Inspection process here. In this blog post, we’re going to give you an appraiser’s perspective on unique homes, and […].

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JMV Lending

AUGUST 7, 2023

Today’s blog was written by JVM’s Appraisal Manager, Taylor Allen. She orders our appraisals, manages our appraisal team, carefully curates and manages our huge stable of appraisers, reviews appraisals, rebuts appraisals, provides comparable sales data, and understands loan guidelines.

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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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Appraisal Mortgage Technology Appraisal Process 195

Clear Capital

MAY 7, 2021

The modern appraisal embraces data and technology to gather data differently. Collecting data in a non-biased, standardized format helps decrease the systemic racial bias found in appraisals. The post “How digitizing appraisal inspections can reduce risk and bias” tech talk appeared first on ClearCapital.com, Inc.

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Inspection Appraisal Modernization Appraisal Process 66

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.

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Appraisal Inspection Modernization Business 68

Appraiserblogs

FEBRUARY 1, 2022

Fannie Mae’s sweeping new national condominium regulations… Appraisers, Fannie Mae has changed inspection and reporting requirements for Condominiums, effective January 1, 2022. The article titled “How can appraisers evaluate aging condos without docs?” AMC Sucker Punches Appraisers Class Valuation sucker punches appraisers!

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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.

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Appraisal Inspection Appraisal Process Valuation 78

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.

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Appraisal Inspection Appraisal Process Valuation 78

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. When it comes to using this third negotiating tool, Bryher said appraisal gaps must be considered carefully. In an extremely competive market?

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Inspection Sellers Buyers Tools 437

McKissock

MAY 23, 2023

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant info to grow your real estate appraisal career. Not yet a member?

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Appraisal Final Inspection Inspection Tools 80

JMV Lending

APRIL 21, 2022

We can close conforming (Fannie/Freddie) loans in 12 CALENDAR days – easily – IF we get a “Property Inspection Waiver,” aka PIW aka Appraisal Waiver. The post 12 Day Close With Appraisal Waiver; CHECK ADDRESS PRIOR TO OFFERS! appeared first on JVM Lending. If DU gives us […].

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JMV Lending

FEBRUARY 3, 2021

The shortage of qualified appraisers is worse than ever for several reasons: Demand exceeds supply. The continued surge in both refinance and purchase transactions has created a situation where the demand for appraisers far exceeds the supply. COVID concerns.

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