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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. Despite its roots in a methodology designed to support appraisers, Value.

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

Housing Wire

Freddie Mac’s ACE + PDR program and Fannie Mae’s Value acceptance + property data were designed to increase efficiencies for all stakeholders and lower costs in comparison to traditional appraisals while maintaining the high-risk mitigation standards employed by the government-sponsored enterprises (GSEs). “At

Valuation 382
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Cindy Chance named CEO of The Appraisal Institute

Housing Wire

Her teams designed and delivered ULI’s signature educational programs, including Product Councils, UrbanPlan, University Connections, Awards, and ULI Learning. The Appraisal Institute has been criticized for a lack of diversity in its ranks and acknowledged a need to modernize. According to the group’s own statistics, 78% of U.S.

Appraisal 329
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Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. For lenders, the market offers the prospect of a new and growing line of business.

Business 422
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Fannie Mae makes further changes to appraiser independence requirements

Housing Wire

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Fannie Mae published a new frequently asked questions (FAQ) document related to AIR this week.

Appraisal 296
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Online notarizations usher in era of trusted transactions

Housing Wire

A simple, ancient practice, one that often goes unnoticed despite the critical role it plays in the lives of millions of Americans, is getting modernized. They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet.

Law 370
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How 2020 raised the stakes for the mortgage industry

Housing Wire

More than that, the fintechs that flooded in brought with them a promise to modernize the mortgage industry with data-rich, cloud-enabled and digitally secure workflows. It would require coordination and cooperation with government and the transformation of processes and systems within industry giants.

Mortgage 341