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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Sacramento Appraisal Blog

OCTOBER 26, 2023

This owner transformed a tract home built in 2002 into something with serious Midtown modern vibes. How do we value something when it has really […] The post Making a modern home from a tract home first appeared on Sacramento Appraisal Blog.

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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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Housing Wire

JULY 27, 2022

In light of this, HousingWire CEO Clayton Collins recently sat down with Paul Doman, CEO at Accurate Group, to discuss mortgage lender profitability, as well as the modernization of title and appraisal processes and where there is opportunity for automation. . The post What is in the way of modernizing title and appraisal?

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Housing Wire

APRIL 9, 2024

Modern-day redlining persists, and it’s costing lenders millions in legal fees. For example, since home appraisals consider trends in past property values, BIPOC neighborhoods may be considered “risky” due to historic segregation and the cumulative effects of chronic underinvestment. More recently, Patriot Bank paid $1.9

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

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Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. Today is a different day.

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George Dell

AUGUST 4, 2021

We have heard a lot about “modernizing” the appraisal process, particularly from the GSE’s (Fannie Mae and Freddie Mac). The post Modernizing Appraisal: How Do I Prepare? What is clear, is that the path is not clear. The GSEs, pressing for an improved valuation product, are in a difficult situation.

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Housing Wire

APRIL 30, 2022

When it comes to innovative appraisal tech, there’s no denying that Reggora continually has its finger on the pulse. With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves.

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George Dell

OCTOBER 18, 2023

Appraisal modernization has been touted in different ways. Modernization” is a good word for marketing. But what is “modernization” selling? Is it selling modern technology? Standardized uniform data sets (UAD) are ever more detailed, subdivided, […] The post Is EBV© Real Modernization?

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Appraiserblogs

APRIL 18, 2024

Throughout the history of mortgage banking and lending in the United States, underwriting policies have significantly influenced the appraisal process for home purchases and refinances. Appraisers must follow underwriter appraisal review guidelines meticulously to ensure their appraisal reports are accepted by the lender.

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Appraisal Buzz

DECEMBER 17, 2021

This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch. The technology was developed by Clear Capital’s data science team to further streamline the appraisal process and equip lenders with technology that powers low-risk, high-quality decisions. At a time when the.

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Appraisal Buzz

MAY 12, 2022

Time and time again, proverbs across time and cultures tell a tale of a protagonist who refused to get with the times by refusing to accept modern ways of doing business or new technologies. The post Investing in Appraisal Modernization Can Boost the Bottom Line appeared first on Appraisal Buzz.

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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. Everybody is affected by the appraisal process.

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Housing Wire

SEPTEMBER 13, 2023

The Appraisal Institute , the nation’s largest professional association of real estate appraisers, has launched a new program to increase the ranks of veteran and minority appraisers. With the AI PAREA program, participants can appraise properties virtually with one-on-one guidance from a mentor to become credentialed.

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Housing Wire

AUGUST 7, 2023

Tony Pistilli, general manager of valuations for Restb.ai, expressed his enthusiasm about the collaboration: “Working with Bradford, we are providing the newest and most advanced AI technology to accelerate the modernization of the appraisal process.”

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George Dell

MARCH 31, 2021

Postpone appraisal modernization. The two largest consumers of appraisals now have pressed for change. The post Postpone Modernization? We can do that later. Change and improvement should, normally, come from a profession. When a profession fails to bring improvement, eventually consumers/clients press for change.

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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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George Dell

SEPTEMBER 22, 2021

Modernized Appraisal is a necessary part of coming lending regulation. The post Statistics: Part of Modernized Valuation? Some think old methods are just fine. Others think advanced quantitative methods are necessary. What to do? Descriptive statistics” they called it. Our teachers also showed us pretty […].

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Appraiserblogs

JANUARY 2, 2024

The Elephant I refer to is simply this: Fannie Mae’s modernization program is going to put a lot of appraisers out of business. It’s all about better, faster, cheaper, appraisals (with lots more data) for lenders. As an appraiser, all I see are sticks… no carrots. It’s all “lender centric”. The AMC fee was $394.

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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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Housing Wire

SEPTEMBER 7, 2023

The Appraisal Institute , the nation’s largest professional association of real estate appraisers, appointed Cindy Chance as chief executive officer, the trade organization announced. The Appraisal Institute has been criticized for a lack of diversity in its ranks and acknowledged a need to modernize. as Hispanic.

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Housing Wire

AUGUST 23, 2022

Desktop appraisals became a permanent option for certain loans earlier this year. HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization. How willing are appraisers to adopt desktop and hybrid appraisals?

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Housing Wire

AUGUST 25, 2022

With recent developments from Fannie Mae and Freddie Mac to pursue a more digital appraisal process that could both speed up the process and remove any unconscious bias from it, it is important for industry professionals across the space to stay at the top of their game. 3-5 is proud to present an appraisal-centered session this year.

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Housing Wire

FEBRUARY 20, 2024

Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation. Reduction in reliance on full appraisals. Higher quality appraisals.

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Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

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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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Housing Wire

JANUARY 25, 2022

With the recent news about desktop appraisals, appraisal technology is top of mind for many. HousingWire recently spoke with Reggora co-founder and CTO Will Denslow about the role of technology in appraisal innovation. How will this affect appraisal technology moving forward? How can technology help mitigate this issue?

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Appraiserblogs

MARCH 8, 2023

Appraisers, something – comparing and contrasting – dawned on me last week, after reading another news release titled “Dean Kelker: Appraisal Modernization is Starting to Gain Momentum“, which is basically pushing an “Enterprise” singular ‘agenda’ of valuation speed regardless of accuracy. Under the banner of “modernization.”

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George Dell

SEPTEMBER 28, 2022

Editor’s Note: This is Part 3 of the series on Excess of Appraisers and how this cyclical phenomenon is affected by the five frictions of modernization. The emerging excess of appraisers is inevitable and recurring. The post An Excess of Appraisers? In this […].

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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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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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Clear Capital

JANUARY 4, 2024

Story by Appraisal BuzzCast In today’s episode, host Hal Humphreys chats with Kenon Chen, EVP of Strategy and Growth at Clear Capital. Kenon tells us a little bit about his history in the industry, as well as his focus on the topic of appraisal modernization. What does appraisal modernization look like?

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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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Appraisal Buzz

SEPTEMBER 17, 2021

This month marks an exciting milestone in Sagent’s modernization of mortgage servicing for America’s top banks and lenders. Below, I quickly detail these topics … The post Sagent’s Playbook to Modernize $1 Trillion in Mortgage Servicing appeared first on DSNews.

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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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Birmingham Appraisal

APRIL 4, 2023

Will Appraisal Integrity Be Negatively Affected by Data Collectors In the world of real estate, appraisals play a vital role in determining the value of a property. However, in recent years, the rise of data collectors has brought into question the integrity of modern appraisals.

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