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The hybrid appraisal is here. Who benefits?

Housing Wire

Its appraisal modernization pilot, which used hybrid appraisals, showed an 18% point reduction in confirmation bias compared with traditional appraisals, which rely on human observations and, as such, potentially could be riddled with overt or subconscious bias. The seller accepts it; they go into contract. An offer comes in at 5 p.m.

Appraisal 422
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Clear Capital acquires Finnish digital floor plan firm

Housing Wire

The calculations reached by CubiCasa technology are aligned with American National Standards Institute standards and the technology can be used without prior training by anyone with a smartphone. According to Clear Capital, companies can easily embed CubiCasa’s technology into their existing applications through APIs and mobile SDKs.

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14 indispensable AI tools for real estate agents

Housing Wire

Called RAIA, Offrs AI chat tool uses conversational AI trained by licensed agents to qualify leads for you. Visit Coffee & Contracts AI Enhanced CRMs AI significantly revolutionizes customer relationship management (CRM), offering a blend of efficiency and personalization.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment. Additionally, the need for technology upgrades and training to adapt to these new systems poses a challenge, especially for smaller firms or individual appraisers.

Appraisal 397
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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.13

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Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.91 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.74

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Appraisers: Be Careful with Your Words

Appraisal Today

Tired of working for AMC/lenders with their UAD, forms, “modernization”, words to not use, etc? Activities through the rest of 2023 and during 2024 will include software development, system updates and testing, and the kick-off of training for appraisers, AMCs, and mortgage lenders. Try doing non lender appraisals.