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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Dart Appraisal

DECEMBER 15, 2020

This acquisition accelerates Dart’s overall growth strategy and builds upon the previous acquisition of Atlanta-based Valuation Management Group in 2018. Keith and his team have grown USAMC to a nationwide, full-service residential appraisal management company serving clients in wholesale, retail, and correspondent lending channels.

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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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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

NOVEMBER 4, 2022

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Communicating with non-lender clients: Very, very different from lenders!! Appraiser list Internet, referral, previous client. Mortgage Lending You decide.

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Appraisal Today

APRIL 19, 2024

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. In his private practice, Durbin focuses on complex residential valuation challenges. He has been around for a long time.

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Housing Wire

JANUARY 28, 2021

Tune in February 2nd to experience demos from the most innovative loan origination and valuation tech companies. billion in 2018 and at one point had a retail operation. The parent company of Homepoint originated $46.3 billion through its broker network in the 12 months that ended Sept. a share.

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Appraisal Today

FEBRUARY 24, 2023

AMCs had taken over the mortgage-lending work. Those appraisers who built strong relationships with their AMC and lender clients, who returned phone calls promptly, never “went dark” with their clients, always turned their assignments in on time (or early) — they are the ones who are still getting orders even when times are slow.

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Appraisal Today

MAY 19, 2023

My first appraisal job was updating data records for an assessor’s office, converting to computerized valuation in the mid-1970s. They can tell their clients that their data collectors are qualified, as compared with their competitors. I would love to have all my clients email me the appraisal order. I learned a lot.

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Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.”

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Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. I always recommend VA as the best lender client for appraisers. VA Approves Desktops and Exterior-Only Appraisals. Never plant a palm tree!! Find out why not.

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Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. AVP Retail Closing. SVP of Retail. Aslan Home Lending. EVP, Client Delivery. Director of Client Success Group. Planet Home Lending. Class Valuation. Chris Favilla. Head of Operations. Executive Vice President of Administration.

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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.” Then forward that answer on to the client/AMC.

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Appraisal Today

OCTOBER 28, 2022

Excerpts: …the United States Department of Veteran Affairs (VA), is known throughout the valuation community for respecting the work of appraisers and maintaining reasonable fee schedules. The questions: Fannie Mae and Freddie Mac are making desktop appraisals a permanent fixture in their valuation offerings. Highest and best use?

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Appraisal Today

FEBRUARY 3, 2023

23, 2023 My comment: This only applies to residential lending appraisals, of course. people who think technology is the golden spoon to accurate valuations. To read more, plus over 60 appraiser comments, click here My comments: This only applies to residential lending appraisals, of course. By Dave Towne, Jan. percent from 5.44

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Appraisal Today

NOVEMBER 10, 2022

The only appraisers who get sued are those performing appraisals for mortgage lending. Truth: The origin of this myth most likely correlates with the significant amount of valuation work performed for lending purposes – the more lending work, the greater the liability risk, the thinking goes. 3, 2022 By Jamie Owen.

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Appraisal Today

JUNE 10, 2022

Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. Recall the five forces of friction: practices, standards, education, regulation, and client expectation. Purchase vs. refi appraisals.

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Appraisal Today

FEBRUARY 23, 2024

Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent. retail residential mortgage applications, and has been conducted weekly since 1990.

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Many downtown mixed-use buildings (retail and apartments) are in my city. Never use a lending form (such as a 1004) for estate work.

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Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. But if for lending, it might be rejected on review by GSE computers or humans.

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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. Excerpts: Lakeland engaged in a pattern or practice of lending discrimination by “redlining” in the Newark metropolitan area. The agreement with N.J. To read more, click here.

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Simonson Real Estate

APRIL 26, 2021

Over the past few years, Simonson Appraisals has provided valuations for many dollar store properties across Minnesota and North Dakota — primarily Dollar General. Our solution combines statistical analysis of the data we’ve compiled through careful study of the relationships to lend support for our conclusions. billion from $27.75

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Appraisal Today

AUGUST 25, 2023

And to ensure data procured through RPR can be used in the appraisal process, NAR and RPR have been actively engaged with lending agencies Fannie Mae, Freddie Mac, VA, and FHA to make them aware of this bridge solution for the appraiser community. Never be dependent on the ups and downs of lending again! What does your MLS have?

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Appraisal Today

SEPTEMBER 15, 2023

Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc. If this article helped you understand private money lending and get appraisals, it is worth the subscription price!

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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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Appraisal Today

SEPTEMBER 29, 2023

Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. The GSEs started keeping track in 71.

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Cleveland Appraisal Blog

MARCH 18, 2021

As a teenager, my friends would describe to me experiences they had in retail stores, in which they were watched uncomfortably closely by store clerks. We’ve all heard of predatory lending. We are in the business of telling our clients what they need to hear. Sadly, there are some that do not share that view. .

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Appraisal Today

MAY 26, 2023

(Editor note: links are in the text Thoughts… Morgan Williams, General Counsel, National Fair Housing Alliance – He was a compelling witness – he drove home that he wanted access to anonymized loan-level data to determine the potential valuation bias. retail residential mortgage applications, and has been conducted weekly since 1990.

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Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). I have always collected all the money owed from my lender clients using the collection techniques I write about. Client Rating Grid.

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Appraisal Today

DECEMBER 15, 2023

fair lending laws has been on regulators’ radar in recent years. AMC clients require AMCs to allow trainee or licensed, appraisers to sign. In terms of the total valuations (including waivers) the GSEs have processed in the last 12 months, PDCs have made up between 0.17 will be used. Possible solution? percent and 0.57

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