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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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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. Additional webinars will be scheduled on an ongoing basis.

Training 370
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Xactus’ valuation solution approved to fulfill Fannie Mae’s property data collection orders

Housing Wire

Appraisal Firewall X connects mortgage lenders with vetted and trained property data collectors to deliver the value acceptance + property data and hybrid appraisal solutions, the company said in a release. Xactus Appraisal Firewall X provides data for both processes.

Valuation 380
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What will property preservation look like in 2023?

Housing Wire

In October, the company added more than 275 subcontractors that complete inspections, preservation and yard/snow services to its network. In terms of 2022 as a whole, Safeguard has added more than 4200 people working at the numerous preservation, lawn service, inspection and various trades that are part of the company’s network.

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VRM takes a tailored approach to servicing and lending challenges amid uncertainty

Housing Wire

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. Our clients have a moratorium on evictions, so we are not actively pursuing these opportunities.

Lending 303
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What is the Buyer’s Inspection Advisory? 

CA Realty Training

The Buyer’s Inspection Advisory (BIA) is a disclosure that is included with the Residential Purchase Agreement (RPA) when you make an offer on a home. Simply put, it is advising the buyer to have a professional inspect the property. In this case, the Buyer Inspection Advisory is for the buyer. SQUARE FOOTAGE, AGE, BOUNDARIES.

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House Measurement by Property Data Collector Gone Wrong

Appraiserblogs

The lender allowed an unlicensed property data collector give bad data to the appraiser… I work for this lender and they will not let my trainee inspect. I recently took on a measure job for a client who was questioning the square footage of their home. The owners are now underwater by more than $100,000… I’m sad and I’m mad!