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HUD and FHA announce new appraisal bias protections

Housing Wire

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD.

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Appraisers raise alarm on AMC revenue-sharing models

Housing Wire

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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A Few Surprising Factors That Can Affect Property Appraisals

Appraisal Hub

But did you know that there are many other elements that can help you get a higher appraisal? Aside from cigarette odors, other smells like pets, dampness and strong cooking spices could reduce the demand of property. But did you know that landscaping can affect the appraisal, too?

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Asteroom Announces Launch of New Desktop Appraisal Solution for Appraisal Management Companies

Appraisal Buzz

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. Appraisers prefer Asteroom’s data because it includes a 3D tour that allows the appraiser to view the property remotely in its entirety for accurate and reliable appraisal results.

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Here are 7 trends to watch in the 2022 appraisal market

Housing Wire

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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3 Types Of Appraisals Realtors Should Be Aware Of

Birmingham Appraisal

All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not.

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The Key Factors Commercial Appraisers Look For

Valcre

A commercial property appraisal is a crucial component in purchasing a commercial property. It helps to determine the property's value, informing the business owner if the investment is worth it. What Do Appraisers Check for During a Commercial Appraisal?