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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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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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

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

OCTOBER 2, 2023

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. Xactus Appraisal Firewall X provides data for both processes. Xactus Appraisal Firewall X provides data for both processes.

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Housing Wire

AUGUST 3, 2022

National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. Class Valuation said it would bring on AppraisalTek’s 75 full-time employees. The acquisition is Class Valuation’s fifth in recent years.

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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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Appraisal Buzz

MARCH 21, 2022

Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke!

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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 GSEs, pressing for an improved valuation product, are in a difficult situation. The post Modernizing Appraisal: How Do I Prepare? What is clear, is that the path is not clear.

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Housing Wire

AUGUST 7, 2023

and Bradford Technologies announced their partnership at the Valuation Expo in Las Vegas on Monday. ” Modernizing the appraisal process has been a significant focus of Fannie Mae and Freddie Mac , and in March Fannie Mae updated its Selling Guide to include more options than traditional full appraisals on some properties. .”

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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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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 is Class Valuation leveraging AI? SR: We’ve leveraged AI for years.

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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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Appraisal Buzz

DECEMBER 17, 2021

Clear Capital , a national real estate valuation technology company, has announced ClearPhoto, a set of AI-driven rules built into the company’s ClearCollateral Review solution. This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch. At a time when the.

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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 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

NOVEMBER 8, 2023

Property services provider SingleSource Property Solutions has launched a new data collection solution for appraisal supported by SingleVue, its new mobile app, the company announced on Tuesday. Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry.

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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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Housing Wire

MARCH 21, 2023

Lender and appraisal management companies and other property data collection companies can now use Black Knight ‘s Scout mobile property inspection as part of the value acceptance plus property data process. The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative.

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Housing Wire

MAY 10, 2023

Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes. Clear Capital is a national real-estate valuation technology company.

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Housing Wire

APRIL 20, 2023

Real estate valuation technology provider Clear Capital announced on Thursday an expansion of its partnership with CoreLogic. Through the expanded partnership, Clear Capital’s recently launched Universal Data Collection product will be available for order and fulfillment through CoreLogic’s suite of Valuation Workflow Solutions.

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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. Low mortgage rates fuel the demand for valuation and settlement services.

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Inman

AUGUST 11, 2023

The Valuation Product Suite is geared at modernizing the appraisal process and assisting in compliance with new Fannie Mae and Freddie Mac programs that make it easier to get loans approved without an appraisal.

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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! Beyond the Headlines: Residential Appraisal Review.

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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

NOVEMBER 28, 2023

Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs). Terms of the ASG-Value Acceptance deal were not disclosed.

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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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Housing Wire

MAY 2, 2021

With an increased demand for appraisals across the country, the need for efficiency during the appraisal process is greater than ever. Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states.

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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

FEBRUARY 4, 2022

The appraisal space has seen its share of challenges and changes in the past two years. Facing the difficult combination of record-breaking volume and a shortage of appraisers, many mortgage and appraisal professionals have turned to appraisal technology solutions.

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DataMaster

SEPTEMBER 29, 2023

29, 2023 – Class Valuation is pleased to announce that Jennifer Tossavainen has joined the company as managing director of DataMaster, the gold standard for property data management software. Class Valuation’s recent hire demonstrates its commitment to driving appraisal innovation through DataMaster’s platform. TROY, MI — Sept.

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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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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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Housing Wire

NOVEMBER 17, 2022

Jim Amorin, the CEO of the Appraisal Institute , on Thursday announced his resignation from the appraisal trade group. In a statement, the Appraisal Institute said Amorin’s five-year term will end effective Feb. The racial gap itself in appraised values increased by 75% during that period. as Hispanic.

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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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Appraisal Buzz

OCTOBER 12, 2022

Today’s Buzzcast interview is Choudhry Muzaffar, Principal Owner of Collateral Valuation Services. We sat down with Choudhry and Jim Morrison, VP of Marketing and Sales for Allterra Group, LLC, to discuss how the valuation process is done in the Middle East. How are areas separated for appraisers in Saudi Arabia?

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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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