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. This data can only be submitted through Fannie Mae’s “Property Data API.”

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?

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Appraisal Market Value Legal Property Appraisal 354

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 Inspection Real Estate Agent Training 410

Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

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Cleveland Appraisal Blog

OCTOBER 12, 2022

Zillow has data that can be very helpful. However, when it comes to a data source, I do find that Zillow offers great information for the public. When appraising a property, I usually look to see if there is any information on Zillow about the property I am appraising. They inquire as to why I didn’t use them.

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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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Technology Appraisal Modernization Valuation 365

Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Many appraisers working in today’s marketplaces are about to find out how important this is. This is important information for appraisers, though it may not appear so at first. Pretty much everything.

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Cleveland Appraisal Blog

FEBRUARY 7, 2023

This week my regular guest blogger, Betty White from Moving Offices San Diego , offers some reasons why you should hire a professional to measure your home as well as to remodel it. I hope you find some helpful information in this article! To achieve that, you must demonstrate to the local government that that’s the case.

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Real Estate Agent Property Taxes Real Estate Appraisal 289

Cleveland Appraisal Blog

JULY 28, 2022

If you’re moving out of state, you can be sure that it will probably be a big adjustment to have to get used to. However, that’s not to say that you can’t prepare yourself for the change that’s about to take place. Here are some tips you can use to make the transition easier.

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Appraisal Real Estate Business Transportation 342

Cleveland Appraisal Blog

JULY 16, 2022

I hope you enjoy this one! Whether to buy your forever home now, or make your first home investment a starter home is a big decision. There are pros and cons that will be different for everyone based on finances, the type of home you dream of being your forever home, and the availability of the homes in your market.

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Appraisal Contracts Property Taxes Investing 298

Housing Wire

FEBRUARY 19, 2021

From thousands of feet above your home, a high-tech camera snaps pictures of your roof, the mess of debris in your yard, and that pool you hate cleaning. Pictures like these could cost – or save – you thousands of dollars when deals are about to close. Condition data is the latest frontier, according to Cape and Weiss.

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Cleveland Appraisal Blog

OCTOBER 27, 2022

Are you anticipating having your home appraised? How can you prepare for the inspection? While she is not an appraiser, I am, and I agree that these things can help! I hope you find this information helpful! When selling or refinancing a house, an appraisal is typically necessary.

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Appraisal Inspection Buyers Advertising 384

Appraiserblogs

NOVEMBER 20, 2023

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality and truth – which can positively or adversely impact property market value, replaced with only generic, non-offensive words, I present this cartoon. appeared on Appraisers Blogs.

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Cleveland Appraisal Blog

JANUARY 19, 2023

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. How about underimproved?

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Housing Wire

JUNE 22, 2021

HousingWire recently spoke with Robert Karraa, President of First American Data & Analytics , on how lenders can better identify fraud risks and errors in mortgage applications. HW: Fraud has been a hot topic as of late, how does First American Data & Analytics help lenders identify risks of fraud?

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Housing Wire

JUNE 23, 2021

“It’s fueled by employees of local tech companies like Amazon and Microsoft and companies with big offices in the area like Google and Facebook. How 2020 is still shaping the way lenders use data. Using the Radian HPI, data is easy to digest and deriving insights is intuitive. a year earlier.

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Housing Wire

APRIL 20, 2021

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. .”

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Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. If someone wants to use this method for pricing a home, there is one piece of information that is incredibly important to get right. It is the square footage!

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Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. I hope you enjoy her article! Appraising property in an eminent domain case requires unique expertise and skills. I normally don’t post more than one article per week.

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Housing Wire

APRIL 13, 2022

It has a dedicated team of thousands of workers focused on algorithms, analytics, automation and technology, and likely has more data on consumers than any competitor. In the mortgage market of 2022, using technology to create operational efficiencies will be key, executives said at the conference in Vegas. But it’s a challenge.

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Housing Wire

JULY 1, 2021

According to Buildfax, a housing data and analytics company, money spent on remodeling has increased over 40% from this time last year. According to Buildfax, a housing data and analytics company, money spent on remodeling has increased over 40% from this time last year. This approach saves on costs but makes a big visual impact.

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Renovations Appraisal Valuation Investing 421

Cleveland Appraisal Blog

OCTOBER 14, 2021

When baking, there are different ingredients that are used that will make the dough rise. Typically, yeast is the ingredient used to make bread rise. It is retained from prior baking and is used as leaven, instead of yeast. By the way, did you know that there are many types of sourdough? How does yeast work?

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Inventory Market Value Appraisal Contracts 243

Appraisal Buzz

SEPTEMBER 20, 2021

This is the second article in a series which discusses some difficult theoretical questions with which appraisers have been confronted in a very practical way. This article will pick up where the last one left off, so you will definitely want to read Part 1 of this series before continuing.

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Housing Wire

MARCH 16, 2022

According to data from McKinsey and LeanIn.org’s 2021 Women in the Workplace Study , the share of women in senior vice president and C-suite positions has grown in recent years – up six percentage points for SVP roles (23 to 29%) and four percentage points for C-suite roles (17 to 21%) between 2015 and 2020. Spread the word.

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Mortgage Business Realtors Appraisal 383

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. If someone wants to use this method for pricing a home, there is one piece of information that is incredibly important to get right. It is the square footage!

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Appraisal Market Value Contracts Agents 263

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digital transformation” often feels big and overwhelming. Clearly identify the goals you want to achieve and go after them in small steps.

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Lending Technology Investing Loan Officers 361

DW Slater Company

DECEMBER 30, 2022

As we end this year and look to the new, we hope that you had a nice Christmas time and we wish you the best for the upcoming year! The winter season is upon us and the slowdown in housing is partly seasonal. 7 Easy Steps to Reduce Appraisal Revision Requests – Clear Capital. Appraiser Update – Fannie Mae.

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Appraisal Tools Inventory Housing Market 112

Appraisal Today

APRIL 19, 2024

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. It is human nature.

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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. I have done a lot of estate appraisals. I have also done many relocation appraisals, done before the home is listed.

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Appraisal Real Estate Real Estate Agent Contracts 75

Miller Samuel

FEBRUARY 24, 2021

The FOJs (Friends of Jim Amorin) have been used the freedom to undertake this self-dealing behavior. The next board meeting is coming up tomorrow and Friday, and it is a seminal moment for the Appraisal Institute. You can't vote on a contract in good conscience, if you haven't seen it or been exposed the the key terms.

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Appraisal Design Contracts Real Estate 259

Housing Wire

JANUARY 31, 2022

Among the acquisitions are title and settlement offices to expand its share and gain scale in key markets, as well as technology providers to improve the customer experience and expand its data and analytics capabilities. Stewart is one of the largest global title insurance companies and underwriters in the industry. And it does.”.

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Real Estate Technology Investing Valuation 384

Appraisal Today

MARCH 8, 2024

People planning a remodel asked if it was a big deal or not to only have a walk-in shower in each bathroom. Here are my thoughts, and I really want to hear from you too. I started appraising in 1975 and this was an issue then, continuing today. Should Property Data Collectors Be Licensed? Anything to add? Bottom line.

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Appraisal Contracts Real Estate Housing Market 81

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

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Appraisal Contracts Business Construction 75

Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Whether you’re a seasoned appraiser or new to the field, having a better understanding of rural properties is essential for providing credible appraisals. Well written.

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Appraisal Inspection Modernization Business 68

Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. But, crossing the highway does work here With that said, I want to show you an example of a local neighborhood where I have zero hesitation about pulling comps from both sides of the highway. Acre lot.

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Appraisal Today

FEBRUARY 23, 2024

The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. But backing up, I can look at older stuff for the sake of research, but this doesn’t mean I’ll use a super old comp in a report.

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Appraisal Real Estate Contracts Reconsideration of Value 67

Housing Wire

MARCH 11, 2022

In relation other top 10 reverse mortgage lenders, Fairway stands out by making a concerted effort to cultivate more H4P business in an environment where many other reverse mortgage companies have spent much of the past 12-18 months focused on HECM-to-HECM (H2H) refinances, according to data compiled by Reverse Market Insight ( RMI ).

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