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Why VA mortgage loans go to the bottom of the stack

Housing Wire

It’s been rejection after rejection for Isabel Williams’ client, a military veteran in Port St. Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. Lucie, Florida.

Mortgage 421
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How Residential Real Estate Appraisers Can Benefit and Help Accountants Do Their Job

Birmingham Appraisal

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.

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Like it or not, desktop appraisals are here to stay

Housing Wire

In January, Fannie Mae said it would start accepting desktop appraisals, where an appraiser need not perform a walk-through, for some agency-backed loans after March 19. Any loan application flagged as ineligible by Fannie Mae’s automated underwriting system will have to use a traditional appraisal.

Appraisal 367
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What Is Appraisal Review in Real Estate?

AmeriMac

Home negotiations can be deadlocked because of the valuation differences of a property by both prospects and homeowners. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal? What Is Appraisal Review? Reinforces Clients’ Confidence.

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UWM appraisal shakeup makes small splash

Housing Wire

Paul Charron, a Massachusetts-based appraiser who has done 50 orders through UWM’s program since signing up in October, said that he receives his fee within two to three days after uploading the report. That stands in sharp contrast to his other clients, where 99% of the time Charron said he gets paid within a month.

Appraisal 406
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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.