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White House marks one year of PAVE appraisal bias action plan

Housing Wire

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

Appraisal 361
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. Really, appraisers have always thought this way.

Appraisal 397
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What New Appraisal Specialty Do You Wish to Break Into?

McKissock

What new appraisal specialty or niche would you like to break into? Review appraisal (23%). “I’m an experienced, designated appraiser who is trying to expand my review work, particularly in the area of eminent domain. ” “Appraisers who don’t do their ‘homework’ do a disservice to their clients.

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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

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Q&A: Is It Time to Take On an Appraisal Trainee?

McKissock

They tend to assume that the trainee, once she earns the Certified Appraiser designation , will set up shop as a competitor. On the other hand, the appraisal industry needs fresh blood. The existing population of licensed and certified appraisers is aging—and in some markets, shrinking.

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Decoding a Commercial Appraisal: Insider Insights

AmeriMac

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. The report serves as an official document that provides an objective assessment of the property’s market value.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. What is property data collection? The key to either solution being effective is property data collection.