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Opinion: The elephant in the real estate room? Lowballed appraisals

Housing Wire

There are several factors to cite but I want to highlight a key area that may be taken for granted — that not everyone receives a fair home appraisal. Stifled The Fair Housing Center of Metropolitan Detroit shared that loan denial rates in Detroit, due to the appraised value of a home (a.k.a. Ultimately, this is a double-edged sword.

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AppraisalWorks Transforms Real Estate Appraisal Technology Platform

Appraisal Buzz

AppraisalWorks , a real estate appraisal technology provider, has enhanced its flagship appraisal management technology platform. It provides lenders with greater automation, real-time monitoring, status-driven.

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Restb.ai and Bradford Technologies announce appraisal partnership

Housing Wire

and Bradford Technologies announced their partnership at the Valuation Expo in Las Vegas on Monday. As part of the partnership, Restb.ai’s AI technology will be integrated into Bradford Technologies’ report quality control processes. This is a service every appraiser needs to improve their inspection efficiency.”

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How data and technology can combat appraisal bias

Housing Wire

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. We often hear the statistic that the average appraiser is a 57-year-old white male.

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LERETA Promotes Mitch Bledsoe to Chief Technology Officer 

Appraisal Buzz

Mitch Bledsoe has been promoted to chief technology officer for LERETA , which provides real estate tax and flood services for mortgage servicers. Bledsoe, who joined LERETA in 2022, was previously senior vice president of enterprise technology.

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Appraisal firm Accurate Group acquires Voxtur Appraisal Services for $30M

Housing Wire

Appraisal technology company Accurate Group announced this week that it has acquired Voxtur Appraisal Services , an appraisal management company (AMC). Voxtur primarily serves real estate finance providers and specializes in broker-price opinions (BPOs), alternative valuation methods and traditional appraisals.

Appraisal 395
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The appraiser can’t be replaced by technology – Here’s why

Housing Wire

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. ” From the National Association of Home Builders (NAHB): “NAHB is a strong proponent of a sound and effective appraisal industry. .”