Clear Capital

JANUARY 30, 2024

Adopting an appraisal modernization workflow can create cost and time savings for lenders and their borrowers. With the announcement of the new Uniform Property Dataset, it’s never been easier for lenders to adopt appraisal modernization programs. How do inspection-based appraisal waiver programs work?

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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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Clear Capital

MAY 10, 2023

In addition to immediate national scalability and coverage, UDC is available at a fraction of the cost of a traditional appraisal, and completed in half the time. “In ValueLink Software provides industry-leading appraisal management solutions for lenders, appraisal management companies and appraisers.

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Modernization Appraisal Valuation Real Estate 69

Clear Capital

FEBRUARY 2, 2022

It’s an exciting time in the mortgage industry, especially for appraisals. Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. What are the benefits of 1004 Desktop appraisals?

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them?

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Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

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Clear Capital

MARCH 2, 2023

Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management Reno, Nev.

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Clear Capital

MARCH 1, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital invites partners to join them in achieving a shared goal of bringing appraisals along on a digital transformation journey. March 1, 2022 —. The company’s suite of solutions that are now available industry-wide includes: .

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McKissock

MARCH 17, 2023

As an experienced appraiser, there are many reasons you may decide to take on a trainee. property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser.

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DataMaster

FEBRUARY 3, 2021

Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. ” This RFI is your chance to impact the direction that the inevitable appraisal overhaul will go. Appraisal Modernization.

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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!

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Clear Capital

AUGUST 22, 2023

This is the second post in our blog series about appraisal waivers and covers Freddie Mac’s ACE+ PDR and the bACE API. In 2022, Freddie Mac launched ACE+ PDR , an appraisal waiver with a property data report (PDR) and Freddie Mac has now launched the Beyond ACE application programing interface (bACE API).

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McKissock

MARCH 6, 2023

Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. Fannie Mae is rebranding their Appraisal Waiver process and calling it Value Acceptance.

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McKissock

MARCH 6, 2023

Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. Fannie Mae is rebranding their Appraisal Waiver process and calling it Value Acceptance.

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Modernization Valuation Appraisal Lending 67

AmeriMac

JANUARY 17, 2022

One of the great things about modern technology is that we’ve never had more information at our fingertips. However, it isn’t necessarily accurate and shouldn’t be used for appraisals for a number of reasons that are definitely worth a closer look. What Is an Appraisal? Case in point: real estate.

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Appraisal Inspection Market Value Training 36

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Clear Capital

JULY 5, 2023

9 frequently asked questions about Fannie Mae’s Value Acceptance + Property Data Fannie Mae has launched its new appraisal modernization program, Value Acceptance + Property Data. This appraisal waiver program is a great solution for consumers and lenders alike. Are there any published training requirements for approved vendors?

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Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. If we can check those boxes, we succeed.

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Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

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Housing Wire

MAY 25, 2021

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Appraiser shortage.

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Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. predictable scheduling, no weather delays, ease of inspection, etc.). Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. can work at night).

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AmeriMac

NOVEMBER 15, 2023

ACE + PDR stands for Automated Collateral Evaluation and Property Inspection Waiver with Power of Attorney (ACE + PDR). It is a streamlined appraisal process designed to provide lenders and borrowers with a more efficient and cost-effective way of obtaining property valuations.

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Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. predictable scheduling, no weather delays, ease of inspection, etc.). Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. can work at night).

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Construction Loan Officers Training Lending 78

DW Slater Company

FEBRUARY 24, 2022

FannieMae and Freddie Mac both announced early this year the implementation of the use of Desktop Appraisals beginning in March. Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services.

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. Trainees can do them.

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The Robert Weiler Company

SEPTEMBER 23, 2021

As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease.

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Retail Real Estate Business Training 158

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.

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Appraisal Real Estate Appraisal Process Market Value 107

Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? For example, you understand that you do not need a form to produce an appraisal. Are your legs shaking?

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Appraisal Law Contracts Business 79

DW Slater Company

FEBRUARY 24, 2022

FannieMae and Freddie Mac both announced early this year the implementation of the use of Desktop Appraisals beginning in March. Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services.

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Tools Inspection Appraisal Technology 78

Clear Capital

OCTOBER 27, 2022

Freddie Mac’s ACE+ PDR: How to originate refinance loans without an appraisal. This inspection-based appraisal waiver program allows lenders to originate certain Freddie Mac-eligible cash-out and rate and term refinance mortgage loans without an appraisal. ACE+ PDR is another step forward in appraisal modernization.

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Clear Capital

AUGUST 31, 2022

Set of Products Includes Property Data Report and Completion Report, Which Is Backed by a Nationwide Network of Trained Real Estate Agents and Brokers. Freddie Mac began offering ACE+ PDR in mid-July, allowing lenders to originate cash-out and certain no cash-out refinance loans without an appraisal.

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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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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal? Desktop appraisal meaning and definition.

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Appraisal Today

MAY 26, 2023

MPR Repairs: Guidance for FHA Appraisers By: McKissock Excerpts: If you are appraising a property that needs some cosmetic repairs but meets FHA minimum property requirements (MPR) in its current condition, you should make the appraisal “as-is.” Conservation easement appraisals are a definite risk for appraisers.

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AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Appraisals act as a way to prevent that from happening. An appraisal contingency takes this idea one step further, offering a wide array of benefits that cannot be ignored. Why Are Home Appraisals Important? What Is an Appraisal Contingency? Think about it like this.

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Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Appraisals act as a way to prevent that from happening. An appraisal contingency takes this idea one step further, offering a wide array of benefits that cannot be ignored. Why Are Home Appraisals Important? What Is an Appraisal Contingency? Think about it like this.

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Appraisal Buyers Sellers Contracts 36

Clear Capital

SEPTEMBER 21, 2021

As appraisal modernization and digitization initiatives take hold, it’s now more important than ever to standardize the calculation of a home’s gross living area (GLA). It’ll also help build confidence in the accuracy of hybrid appraisals. The days of needing months of training to produce accurate GLA are now history.

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