Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

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. What is Collaborative Valuation?

The Coronavirus Home Valuation Test

Appraisal Buzz

It quickly became apparent that the health risk would prevent professional fee appraisers from entering properties in order to inspect them for their appraisal reports. Without accurate collateral valuation, lenders could not properly underwrite new loans.

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Class Valuation acquires another AMC

Housing Wire

Appraisal management company Class Valuation , a subsidiary of investment firm Gridiron Capital , acquired Kansas City, Missouri-based Pendo Management for an undisclosed sum. We are excited to welcome the Pendo team to the Class Valuation family,” Fraas said.

Valuation tech special reports

Housing Wire

During the pandemic, many housing professionals saw firsthand how easy it is for the valuation process to be disrupted. With social distancing and lockdown orders, appraisers struggled to evaluate homes in a timely and effective manner.

Racial and Ethnic Valuation Gaps

Appraisal Buzz

In today’s Buzzcast, we dive into the racial and ethnic gaps within the home purchase appraisal. How is this information beneficial to the future of appraising? Become an Appraisal Buzz Forum Member and comment below or email comments@appraisalbuzz.com.

How do remote valuation solutions benefit appraisers?

Housing Wire

From having to manage high volumes to finding innovative ways to appraise homes while maintaining distance, it’s no secret appraisers faced challenges during the beginning of the coronavirus pandemic. RemoteVal, by Incenter, replicates the process an appraisal already does.

Protected: Class Valuation is Hiring Staff Appraisers

Appraisal Buzz

To view it please enter your password below: Password: The post Protected: Class Valuation is Hiring Staff Appraisers appeared first on Appraisal Buzz. Career Buzz & Press Releases appraisal appraisers appraising class valuation Hiring staff appraisers

Gridiron Capital acquires Class Valuation

Housing Wire

Private equity firm Gridiron Capital has acquired Michigan-based appraisal management company Class Valuation from another private equity player, Narrow Gauge Capital , the firms said in a statement on Friday.

Lunch & Learn : The Role of Appraisers in the Future of Valuation

Housing Wire

Collateral valuation is a critical component of mortgage lending and the home sales process. The appraisal process is ripe for change, and we’ve seen an acceleration of innovation in the last two years. Hosted by Accurate Group.

Impact Valuation Group is Hiring

Appraisal Buzz

At Impact Valuation Group, we provide clients with reliable high-quality appraisal services in the shortest times possible, thus taking the worry and stress off the borrowers and lenders alike. We deliver high quality reports and offer a wide variety of appraisal products.

Desktop appraisal option to start in March

Housing Wire

Desktop appraisals will become an option for some agency-backed loans submitted after March 19. In addition to those specific exclusions, a desktop appraisal may not be used if Fannie Mae’s automated underwriting system, Desktop Underwriter, flags it as “ineligible.”.

Freddie Mac Research Explores Causes for the Appraisal Valuation Gap for Homeowners in Minority Neighborhoods

Appraisal Buzz

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va.

Oakland homeowner alleges appraiser bias

Housing Wire

An Oakland homeowner says the home valuation process failed her due to the color of her skin, according to a complaint filed with U.S. Cora Robinson, who is Black, claims that appraiser Thomas Kearney violated the Fair Housing Act by undervaluing her home by over $400,000.

The Valuation Expo Experience

Appraisal Buzz

Valuation Expo 2021 had an amazing turnout! Valuation Expo provided attendees endless opportunities to learn, network, and prosper. We got to speak to a few attendees and we asked them what their favorite part about Valuation Expo was and why they keep coming back every year.

Race and the Property Valuation Industry

Appraisal Buzz

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!

Incenter Appraisal Management and McKissock Learning Form Desktop Valuation Training Partnership

Appraisal Buzz

LOUIS — January 24, 2022 — With Fannie Mae and Freddie Mac accepting desktop appraisals beginning in March, Incenter Appraisal Management and McKissock Learning are partnering to help appraisers update their remote inspection skills in response. CHARLOTTE, N.C. and ST.

Appraisers slam FHFA appraisal blog post

Housing Wire

Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I What was the score on these appraisals?

“I don’t want to say we’re archaic”: Appraisal Institute president vows reform

Housing Wire

The residential real estate appraisal industry is staring at a fork in the road. The latest reminder is a report released Wednesday from the Appraisal Subcommittee , a part of the federal government in charge of monitoring appraiser standards. appraisers say they are male, 1.3%

Statistics: Part of Modernized Valuation?

George Dell

Modernized Appraisal is a necessary part of coming lending regulation. The post Statistics: Part of Modernized Valuation? Critical Thinking Statistics Appraisal Modernization Series ModelingSome think old methods are just fine.

Recap: Valuation Expo 2021

Appraisal Buzz

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. Realtors and Property Appraisers? The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz.

The Year Ahead for Appraisers

Appraisal Buzz

In today’s Buzzcast, we dive into the new year and what to expect in the appraisal industry for 2022. and Steven French, CEO of SettlementOne Valuation, LLC. What has this year alone taught appraisers? How has this pandemic shaped the appraisal profession moving forward?

Mr. Cooper Sells Xome Valuations

Appraisal Buzz

In a move to place more of a focus on its core business, Mr. Cooper has sold off its valuations division, after a solid second quarter. The post Mr. Cooper Sells Xome Valuations appeared first on DSNews. The post Mr. Cooper Sells Xome Valuations appeared first on Appraisal Buzz.

2021 Best in Valuation Providers

Appraisal Buzz

Get to know the companies operating at the forefront of this important aspect of the housing and mortgage lifecycle, including Black Knight, Global DMS, PCV Murcor, Radian Valuation Services (Provided by Red Bell Real Estate, LLC), and USRES. The post 2021 Best in Valuation Providers appeared first on theMReport.com. The post 2021 Best in Valuation Providers appeared first on Appraisal Buzz.

Home Valuation Code of Conduct with Alfred Pollard

Appraisal Buzz

In today’s Buzzcast, we dive into the Home Valuation Code of Conduct, where it began, and how it’s viewed today in the industry. What exactly was the Home Valuation Code of Conduct? Become an Appraisal Buzz Premium Member and comment below or email comments@appraisalbuzz.com.

It’s time to put Computer Vision tech on your valuation radar

Housing Wire

The post It’s time to put Computer Vision tech on your valuation radar appeared first on HousingWire. Appraisals & Valuations Real Estate computer vision HWplus Valuation Tech Solutions

UWM launches AMC-free appraisal program

Housing Wire

United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals. Appraisers say AMCs cut into their pay and introduce inefficiency into the appraisal process.

Protected: Velox Valuations Appraiser Team is Expanding Across the U.S.!

Appraisal Buzz

To view it please enter your password below: Password: The post Protected: Velox Valuations Appraiser Team is Expanding Across the U.S.! appeared first on Appraisal Buzz. This content is password protected.

Freddie Mac Researches Appraisal Valuation Gap in Minority Neighborhoods

Appraisal Buzz

Freddie Mac has released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap.

California couple sues appraiser for race discrimination

Housing Wire

A San Rafael, California real estate appraiser is being sued for allegedly undervaluing a home by almost 50% because the homeowners are Black. Miller of Miller & Perotti Real Estate Appraisal and AMC Links LLC , an appraisal management company headquartered in Lehi, Utah.

FHFA to make desktop appraisals permanent

Housing Wire

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. How do remote valuation solutions benefit appraisers?

Opinion: The path to modernizing the appraisal process

Housing Wire

And the appraisal process is no exception. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. The modern appraisal movement is accelerating.

Obstacles to tech adoption & the question of appraisal bias

Housing Wire

During a panel on residential appraisals, experts posed technology as a way to make appraisals more efficient and less subjective, as regulators take steps to understand and counteract bias. But tech adoption in appraisal might face an uphill climb.

HUD official talks appraisal bias task force

Housing Wire

A liberal think-tank, regulators, the government-sponsored enterprises, the President of the United States, even fintech firms have all called attention to appraisal bias. Marcia Fudge with leading an inter-agency task force to root out bias in appraisals.

StreetEasy launches New York City home valuation tool

Housing Wire

StreetEasy , a real estate platform for buying, selling, and renting homes across New York City and New Jersey, has launched StreetEasy Valuation, an AI-powered home valuation tool. The post StreetEasy launches New York City home valuation tool appeared first on HousingWire.

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FHFA takes a swing at racial bias in appraisal

Housing Wire

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. Numerous appraisal reports cited the ethnic or racial makeup of neighborhoods, in percentages or, sometimes, using more expressive language.

Protected: Consolidated Analytics Onboards All-Star Valuation Leadership Team

Appraisal Buzz

To view it please enter your password below: Password: The post Protected: Consolidated Analytics Onboards All-Star Valuation Leadership Team appeared first on Appraisal Buzz. This content is password protected.

Learning from the Appraisers Down Under

Appraisal Buzz

In today’s Buzzcast, we dive into the current appraisal market and what U.S. and Australian appraisers can learn from each other. We’ll be getting the inside scoop while Joan and Chris discuss how we can streamline the appraisal process like they do in other countries.

SettlementOne Valuation Accelerating Its Growth and Expansion Plans for 2022

Appraisal Buzz

SettlementOne Valuation Welcomes Matthew Scott as Chief Operations Officer, and Dave Roberts as Senior Vice President of Strategic Accounts, Accelerating Its Growth and Expansion Plans for 2022 and beyond. Scott brings over 17 years of operational leadership to SettlementOne Valuation.

Appraisers give HUD an earful during bias roundtable

Housing Wire

As federal efforts to rid the appraisal profession of bias move forward, appraisers still have some burning questions. Hundreds of appraisers and representatives from appraisal management companies showed up.

Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. How to reduce appraisal turn times and improve the borrower experience.