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

Housing Wire

Appraisal Firewall X connects mortgage lenders with vetted and trained property data collectors to deliver the value acceptance + property data and hybrid appraisal solutions, the company said in a release. Xactus Appraisal Firewall X provides data for both processes.

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Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

For the new value acceptance plus property data option, third parties are authorized to do that collection at the property site, as long as lenders verify that they have a background check, have been “professionally trained” and are competent to do that collection.

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ACE + PDR: What does this mean to you, and what’s the future for appraisal data collection?

Appraisal Buzz

Josh: Multiple developers have created inspection apps which scan properties and generate floor plans and 3D representations of the improvements. Josh: If the data collector is not an appraiser, how do we know they know what to identify and report during a property inspection?

Appraisal 360
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What is the Buyer’s Inspection Advisory? 

CA Realty Training

The Buyer’s Inspection Advisory (BIA) is a disclosure that is included with the Residential Purchase Agreement (RPA) when you make an offer on a home. Simply put, it is advising the buyer to have a professional inspect the property. Disclosures are designed to inform and protect the parties entering into an agreement.

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Hybrid Appraisals and the Associated Risks

Boston Appraisal

Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.

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Hybrid Appraisals and the Associated Risks

Boston Appraisal

Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.

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Hybrid Appraisals and the Associated Risks

Boston Appraisal

Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.