George Dell

MAY 1, 2024

Will there be a need for traditional “appraisal” in 5 years? Some 25 years ago, I was education chair for my Appraisal Institute Chapter. Our ‘custom’ seminar considered the topic of technology replacing appraisers. Worse yet, because […] The post No Need for Appraisers? We think not.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How do you think about technology and prioritizing what to do next?

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Housing Wire

DECEMBER 7, 2021

If there’s anything that lenders and borrowers have learned from the current purchase market it’s that speed and efficiency are key to a smooth closing. With desktop appraisals now a permanent option, we should expect to see some of the traditional pressure on turn times alleviated.

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Housing Wire

APRIL 18, 2024

With AI’s capacity to perform complex reasoning and manage autonomous operations, it is critical to explore how this technology can reshape industry standards, enhance operational efficiency, and how we as an industry manage its inherent risks. One prevalent myth suggests that AI will replace human appraisers entirely.

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Appraisal Buzz

JULY 7, 2021

In today’s Buzzcast, we dive into how the current market and evolving technologies are impacting the appraisal industry. What exactly are the effects that the current market has on the appraisal industry? What are some of the advantages of some new technologies this past year?

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. However, is appraisal modernization on its own enough? However, is appraisal modernization on its own enough?

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Housing Wire

APRIL 5, 2023

Achieving digital optimization is a main priority for federal housing agencies, and it’s happening at a time when incorporating technology is becoming a crucial part of the entire industry. House of Representatives passed a bill in September that streamlines the appraisal process for VA mortgage loans.

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Appraisal Buzz

JULY 7, 2021

In today’s Buzzcast, we dive into how the current market and evolving technologies are impacting the appraisal industry. What exactly are the effects that the current market has on the appraisal industry? What are some of the advantages of some new technologies this past year?

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Appraisal Buzz

AUGUST 3, 2022

We sat down with Todd and Joan Trice, Founder of Allterra Group, LLC, to discuss what appraisers need to know about the current market, quality control, and new technology. What are the most common revisions that appraisers have to fix in their reports? What can appraisers do to keep up with the latest technology?

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Appraisal Buzz

JUNE 16, 2022

Mortgage Capital Trading (MCT), a mortgage hedge advisory and secondary marketing software firm, has introduced a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!,

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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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Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. Kenon Chen: The challenge that’s in front of everyone continues to be the market itself, and then housing affordability.

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Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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Housing Wire

OCTOBER 6, 2020

Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.

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Housing Wire

MARCH 1, 2023

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We

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Housing Wire

JUNE 22, 2023

Appraisal Insights , an appraisal education company committed to eradicating bias, announced its official launch this week. The goal is to quip key stakeholders and decision-makers in the housing industry with the knowledge necessary for preventing bias and enhancing the quality and integrity of real estate appraisals.

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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 Buzz

APRIL 9, 2024

But it’s when the housing market stagnates and originations dry up that the software really pays off. Because traditional mortgage CRM systems are used as data warehouses and not for marketing, there’s a stigma that all CRM systems are the same because lenders don’t see any results from them.

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Housing Wire

JUNE 6, 2023

Nationwide Property & Appraisal Services LLC (NPAS), a pioneer in the real estate appraisal sector, announced on Tuesday the launch of its product line, Pinnacle Desktop Appraisals. By separating the data collection and valuation processes, potential bias is eliminated, ensuring that homeowners and appraisers never meet.

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Housing Wire

MAY 2, 2022

Seattle, Washington-based real estate valuation company True Footage announced the acquisition of Spark for Appraisers , an appraisal technology firm. Spark for Appraisers sells data infrastructure software to appraisers to produce faster and more reliable appraisals. Terms of the deal were not disclosed.

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Appraisal Buzz

JULY 12, 2021

In May, 67% of loans closed by millennials on the Encompass by ICE Mortgage Technology origination platform were for purchases, up from 61% in April 2021 and 51% in March 2021. The post ICE Mortgage Technology: ‘Strong and Competitive Purchase Market’ Among Millennials appeared first on Appraisal Buzz.

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Housing Wire

AUGUST 4, 2022

The parent company of appraisal software firm Veros Real Estate Solutions has acquired California-based appraisal management company Valligent Technologies. Valligent, founded in 2003 and led by Jeremy McCarty and Jeff Wickham, provides traditional, desktop and hybrid appraisal services to lenders, credit unions and others.

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Housing Wire

JANUARY 18, 2023

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

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Housing Wire

AUGUST 31, 2022

CubiCasa’s innovative SaaS technology digitally maps out a home’s floor plan in as little as five minutes. This helps eliminate human error, creates digital consistency in the output, and democratizes the creation of accurate property data critical to real estate listings and the appraisal process on a home loan.

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Housing Wire

DECEMBER 8, 2022

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. What’s going on?

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Housing Wire

APRIL 30, 2022

Technology has radically disrupted many industries in recent years. The valuation services market has yet to see that same level of impact, but the pace of change is ramping up. Opteon, a cutting-edge appraisal provider, offers an alternative solution and a bold vision of same-day turn times. “We

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Appraisal Buzz

SEPTEMBER 5, 2022

This is part three of a three part series on appraisal review – Read parts one and two. When interacting with executive managers, I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” The Recent History of Appraisal Revisions. Complexity in Process and Properties.

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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

DECEMBER 20, 2022

Senate 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. The bill, introduced in the House by Rep.

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Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools.

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Appraisal Buzz

MAY 13, 2024

All of my data sources were very local and included only those areas that were close enough to physically drive to and complete an appraisal. All of the data needed by an appraiser is available in a digital format and made readily available on-line. I couldn’t imagine receiving data in that manner or format today.

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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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Housing Wire

JULY 5, 2023

In its third year, HousingWire’s Marketing Leaders award is recognizing the marketers in housing who represent the brains and creativity behind the growth and success of their organizations. This year’s list includes a diverse group of marketing minds who come from many different aspects of housing.

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Appraisal Buzz

MAY 28, 2021

When doing market analysis, once you’ve gathered the information you need from the local MLS or other sources, there are a number of technology tools that you can utilize to help you refine the data and make graphs out of it. The post 5 Residential Market Analysis Tools for Appraisers appeared first on Appraisal Buzz.

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Housing Wire

APRIL 30, 2022

In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. However, for lenders to take advantage of these benefits on behalf of their customers, they need to navigate new GSE requirements, such as ensuring appraisers have access to a digital floor plan.”.

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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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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. The original appraisal waiver solutions were launched in August 2017.

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