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Opinion: The path to modernizing the appraisal process

Housing Wire

The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4%

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How To Appraise Rural Properties

Appraisal Today

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. I had niece who had several horses for many years where she lived.

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Fannie Files Complaint Against Appraiser

Appraisal Today

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. The architects, celebrated for their intelligent and compact designs created a livable work of art as their first and only home built in the United States. This approximately 900sf, 1.5 acres of wooded land. It was unremarkable.

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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

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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Desktop Appraisals: Who, When, and Why

Appraisal Today

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Why Doesn’t Anyone Want Tulsa’s Frank Lloyd Wright-Designed Home? The 10,405-square-foot manse was designed in 1929 by the famed architect for his cousin, Richard Lloyd Jones.

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The Appraisal World is changing, as is UAD and the URAR

McKissock

The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time. Ken has worked in the Mortgage and Real Estate industry for the past 30 years with extensive experience in loan originations fulfillment, quality control and servicing valuations. What exactly does this mean?

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

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.