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‘Opportunity’ to Work for Free is Not a Plan

Appraiserblogs

A company with AMC roots was, or is, recruiting people to become “property inspectors” with the resulting reports potentially fed to other appraisers who do HYBRID, or maybe even DESKTOP reports. Appraisers, I’ve… The post ‘Opportunity’ to Work for Free is Not a Plan appeared on Appraisers Blogs. How will that be done?

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FNMA Property Data Collectors Program Violates WV Law

Appraiserblogs

The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rendered as to its value nor any fee charged for such an inspection. ARTICLE 38. THE REAL ESTATE APPRAISER.

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No Appraisals Required. The End of Appraisers?

Appraiserblogs

First, “third party” inspections. Appraisal trainees aren’t good enough, so now we will have unlicensed inspectors going through the homes of unsuspecting homeowners. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. appeared on Appraisers Blogs. The End of Appraisers?

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.

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5 Things To Consider When Getting A Hybrid Appraisal

Birmingham Appraisal

A phone app would be utilized to post assignments and anyone willing to take on the assignment would grab it and complete the inspection. An example that I have read about that is the basis for this new appraisal inspection process and framework is that of the medical assistant. What is the training of the property inspector?

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2024 USPAP For Appraisers

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, economics analysis, Fannie getting rid of appraisers?, Fannie Mae sees the appraisal process as “inspection + value.” Next month’s newsletter will have a lengthy article on the issues of the property inspector.