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How to Find Comps With Few Sales

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M

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Appraiser Countersues Alleged Discrimination

Appraisal Today

To read more, click here My comments: Long article and worth reading. But, for residential lender appraisers, there is no advantage to coming in “low” on any residential lender appraisal. Janette Miller, filed in California in Dec. 2021, was one of the first (and perhaps the most publicized). Connolly & Mott v.

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Too many appraisers?

Appraisal Today

This blog considers how each friction will respond to this “excess” of appraisers. Practices: Current practice is still embedded in the concepts of 8 ½ X 14 paper forms, spreadsheets, or narrative explanation of the opinion of the person (appraiser, evaluator) or automation programmer. The Inevitable Cyclicality of Mortgage Lending.

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The Future of Lending is Through Automation and AI

Patch of Land

The following article was originally featured in the monthly magazine for Originate Report. It speaks to the growing interest in automation and artificial intelligence in the lending industry. It’s a must-have for mortgage originators, and the industry can thank fintech firms for challenging the status quo and speeding up adoption.

Lending 28
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2024 USPAP For Appraisers

Appraisal Today

Personally, I think there is very, very little intentional discrimination by appraisers, compared with the intentional discrimination by lenders (and others). Personally, I think there is very, very little intentional discrimination by appraisers, compared with the intentional discrimination by lenders (and others).

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Appraisers and Local Market Analysis

Appraisal Today

Absorption rates and marketing times. My comments: Read this article, including the case study. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. They do not have the bandwidth to cover local markets. So, what metrics are worth watching?

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Reconsideration of Value and Appraisers

Appraisal Today

How to Respond to ROV Requests: Updated Guidance. Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. By Greg Stephens, SRA, AI-RRS.