Appraisal Buzz

AUGUST 15, 2022

Joan: I am the founder and CEO of Allterra Group, LLC, publisher of Appraisal Buzz, and host of the annual Valuation Expo, the largest conference for the valuation community. Mark: Incenter’s growth in the lending world includes some of the largest military-based and non-bank lenders in the country. We put appraisers in control!

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Appraiserblogs

FEBRUARY 1, 2022

Fannie Mae’s sweeping new national condominium regulations… Appraisers, Fannie Mae has changed inspection and reporting requirements for Condominiums, effective January 1, 2022. AMC Sucker Punches Appraisers Class Valuation sucker punches appraisers! The article titled “How can appraisers evaluate aging condos without docs?”

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Appraisal Buzz

DECEMBER 20, 2021

However, the challenges of appraiser shortages and appraisal backlogs are slowing down lending. Incenter Appraisal Management’s goal is to harness its knowledge, skills, experience and profound sense of integrity to consistently exceed client expectations. For more information, please visit incenteram.com.

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Birmingham Appraisal

AUGUST 23, 2023

When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened. A mutually respectful partnership ensures that each of their clients receives informed advice, leading to confident decisions.

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McKissock

AUGUST 30, 2022

A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients. Educate your appraisal clients. You might be surprised at your client’s response if you take the time to educate him or her.

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McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote.

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Housing Wire

MAY 2, 2021

One of the first steps in determining a property’s value is the use of an Automated Valuation Model (AVM). Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle. With that said, not every AVM is created equal.

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Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property. What is property data collection? But you already know this.

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AmeriMac

NOVEMBER 30, 2023

It plays a significant role in several aspects, from buying and selling to lending purposes. Initial Contact and Engagement The commercial appraisal process begins with the property owner, lender, or client reaching out to the appraiser, providing property details, appraisal purpose, scope of work, and access.

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Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Walitt Solutions

JULY 28, 2019

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all.

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Appraisal Today

NOVEMBER 4, 2022

Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. Property inspection date. Effective date.

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Birmingham Appraisal

FEBRUARY 20, 2024

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it.

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Clear Capital

NOVEMBER 14, 2022

Buying or refinancing a house is stressful for home buyers, and “being able to rely on a timely valuation can make a big difference,” says Heather Khan, Senior Analyst of Quality Assurance at Clear Capital. Delays in responding to revision requests can have a serious impact on all lending parties during the review process.

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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. You may need a commercial valuation for many reasons.

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Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. Appraisals can be performed for other reasons besides lending, however, for purposes of our discussion here we’re going to be discussing an appraisal that is done in order to obtain a mortgage loan.

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Housing Wire

OCTOBER 18, 2022

Automated Valuation Models (AVMs) are having a moment. homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. AVMs have been a “workhorse” lending tool for more than two decades.

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Clear Capital

DECEMBER 6, 2022

Inspecting properties of all different shapes, sizes, and designs appeals to my creative side, the side that loves real estate and design. If I could go back in time, I would find a way to have a network of other appraisers (outside of my family and my supervisor) with whom I could discuss the ever-changing real estate and valuation markets.

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Appraisal Today

APRIL 14, 2023

Our opinions are sought for work as varied as bankruptcy, estate, charitable contributions, pre-listing, before-and-after valuation, among other reasons. It is a place where we can show our clients just how valuable an appraisal can be. We are used to addressing our reports in a manner that the lending client expects.

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Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” First, “third party” inspections.

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Appraisal Today

JANUARY 13, 2023

He requested that I inspect the property 1/5/2023 as the inspector would be there at the same time. Surprisingly, few appraisers use speaking opportunities to attract new appraisal clients. In a 2020 Voice of the Appraiser study by Valuation Review, 46% of appraisers listed low fees as the greatest concern for their profession.

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Genworth MI Blog

JUNE 27, 2019

The Truth in Lending Act (TILA) contains rules addressing appraiser independence. For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Using free automated valuations to dispute the appraisal. A Few Basics.

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Genworth MI Blog

JUNE 27, 2019

The Truth in Lending Act (TILA) contains rules addressing appraiser independence. For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Using free automated valuations to dispute the appraisal. A Few Basics.

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D Fritz Appraisals

OCTOBER 22, 2019

This is unlike when you’re buying a home and paying for a property appraisal to satisfy the bank lending you your mortgage – in this case the bank has a list of companies they work with). Up Next: Home Inspections vs. Home Appraisals. So, when it’s up to you, how do you know what property appraisal company to hire? Level of Support.

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Housing Wire

JANUARY 7, 2021

With the integration, Blend will have access to the companies Dual AUS functionality – a product unveiled in 2018 with the ability to run an application through both systems and quickly identify property inspection waivers early on in the process. Though that need may have started long before the pandemic.

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Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. Miami-based Marketwise Valuation Services , another AMC, was No.

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Clear Capital

SEPTEMBER 13, 2023

All Clear Capital residential valuations solutions are now available on the latest Encompass Partner Connect API Platform. Encompass is a digital lending software available through ICE Mortgage Technology. Traditional Appraisal — Traditional Appraisal solutions fit a variety of lending needs.

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Housing Wire

JANUARY 11, 2024

On the right tech mindset: Adam Carmel, Polly CEO : “When I was in lending, I think I always overestimated the impact technology or software, or more importantly, a switch in technology, would have on our business in the first six months or a year, and the difficulty in transitioning. You want to interpret it and make sense of it.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value.

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McKissock

FEBRUARY 25, 2022

To help simplify things, we’ve organized the comments below into the following categories of ways to stand out from the competition: Client relations. Client relations. “I like to think it is my customer service, and client relations.” No matter the client.” I use the iPad to do inspections.

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McKissock

DECEMBER 28, 2021

Appraisers should consider learning more about desktop appraisals and the hybrid/bifurcated appraisal process and using remote inspection tools such as RemoteVal ,” she advises. The PAVE Task Force is expected to issue a report with recommendations on how to reduce racial bias in home valuations sometime in early 2022,” he says.

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Appraisal Today

OCTOBER 7, 2022

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem. An appraiser can easily lose a lender client because they were low on an appraisal.

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Realvals

JUNE 18, 2023

I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. The LTV is a percentage that represents the amount of money to lend compared to the value of the home. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries.

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Walitt Solutions

MARCH 29, 2020

Walitt Solutions encourages appraisers, firms, vendor management companies, lenders, and other interested parties to continue to monitor changes and resources in the valuation industry related to the COVID-19 novel Coronavirus and impacts of the national emergency. ” “Desktop Appraisal Valuations. World Health Organization.

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Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

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