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

Housing Wire

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .

Valuation 408
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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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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 349
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Race and the Property Valuation Industry

Appraisal Buzz

The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. The property valuation industry has a system for dealing with situations where a home’s appraised value is in dispute; it’s called the review process. Let’s unpack this situation…. an income gap of 60%).

Valuation 370
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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 approved six vendors for its controversial new valuation initiative a few days later.

Appraisal 293
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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. According to Mehlomakulu, ICON’s homes are 350% stronger and are designed to outlive the traditional spec home by nearly triple their life expectancy.

HOA 370
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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. The criticism seems like a weird attempt at fogging since this law is protective of USPAP and the public trust, something that has been forgotten in the attempt to "modernize" the appraisal industry. No, it isn't.

Law 367