Appraisal Buzz

MAY 31, 2021

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…. My Journey.

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Appraisal Buzz

MARCH 2, 2022

The Collateral Risk Network (CRN) announced today that Jeremy Staudenmaier, director of product management at ACI , a leading provider of workflow solutions for the valuation industry for nearly 40 years and a member of the First American family of companies, has been chosen as the CRN 2022 Valuation Visionary.

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Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Housing Wire

JULY 6, 2023

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass. This content was generated using AI and was edited by HousingWire’s editors.

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Housing Wire

APRIL 29, 2024

Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. It also unveiled two new tools , Validate ROV and Validate Selector, that were added to its growing suite of property valuation solutions.

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Housing Wire

AUGUST 2, 2023

AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae. Fannie Mae approved six vendors for its controversial new valuation initiative a few days later.

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Appraisal Buzz

MAY 6, 2024

According to Mehlomakulu, ICON’s homes are 350% stronger and are designed to outlive the traditional spec home by nearly triple their life expectancy. Areas more exposed to such risk are likely to see increased volatility in valuations.” ICON houses have a two-hour rating for fire and reduce carbon emissions.

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Housing Wire

AUGUST 8, 2023

Plunk , an AI-powered home analytics platform, has introduced a new tool called Plunk Pro that aims to transform the real estate market by offering real-time insights into home valuation, risk assessment, and remodeling possibilities. Users can receive real-time valuation data, predictive investment analysis, and thorough risk assessment.

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Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). ” Another trade group weighed in on the newly proposed rule.

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Housing Wire

AUGUST 8, 2023

Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. ClearCollateral Scores: This encompasses Clear Capital’s Valuation Accuracy Score, Value Confidence Score, and Report Quality Score, designed to evaluate appraisal quality and flag valuation risk.

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Housing Wire

MARCH 13, 2024

Instead of just choosing a room type and furniture style, Reimaginehome lets you choose color themes, create landscape designs, and replace cloudy skies. By leveraging large datasets, these tools offer precise, data-driven valuations and insightful analysis. Visit HouseCanary 12.

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Housing Wire

SEPTEMBER 8, 2023

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. “Revive Vision AI” aims to provide a more precise value assessment than traditional automated valuation models (AVM) by analyzing property photos. .

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Housing Wire

DECEMBER 14, 2022

The Jaro Suite is a full set of valuation management and products. JaroDesk was shown today and is an appraisal management platform designed for appraisal desks, appraisal management companies and appraisers and staff offices. Product Fast Facts. #1. Get More Info.

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George Dell

APRIL 26, 2023

Traditional appraisal methods were designed to tackle sparse, subjective, non-electronic data. We have written about the “Five Frictions” hindering improvement in regulated appraisal valuation. Most other valuation […] The post Regulation Innovation Stagnation?

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McKissock

JULY 10, 2022

When estimating a property’s investment value, there are a variety of real estate valuation methods you can use. Keep in mind that there is no right or wrong valuation method. With that in mind, let’s look at five valuation methods used in the marketplace and discuss the pros and cons of each. Valuation methods.

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Housing Wire

SEPTEMBER 7, 2023

Her teams designed and delivered ULI’s signature educational programs, including Product Councils, UrbanPlan, University Connections, Awards, and ULI Learning. Those agencies and GSEs are also pushing more use of automated valuation models (AVMs). At ULI, she created and grew the group’s online education efforts.

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Housing Wire

FEBRUARY 20, 2024

The collaboration is designed to allow all of Baird & Warner’s 2,000-plus agents to benefit from RealReports’s wide-ranging property data. RealReports provides property data , spanning from climate risk to property valuation, for every home in the U.S. by drawing from more than 30 data providers.

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Housing Wire

MARCH 23, 2023

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. HUD also announced this week that it had awarded $54 million in grants across 42 states designed to curb appraisal bias.

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Housing Wire

JUNE 21, 2023

At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry.

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Housing Wire

FEBRUARY 1, 2024

Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography. Because at the end of the day, you can judge a website’s effectiveness (and your ROI) on one thing: its ability to convert leads.

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Clear Capital

NOVEMBER 29, 2022

Today, we’re thrilled to announce the launch of Interactive ClearAVM (automated valuation model). ClearAVM is an AI-based, investment-grade AVM that produces reliable, highly-accurate market value predictions and uses machine learning to deliver property valuations on more than 139 million addresses across the United States.

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Real Quantum

JUNE 8, 2022

How Do I Earn the MAI Designation? MAI designated appraisers have access to a wealth of career opportunities, increased recognition, and accelerated advancement through the industry. But what is the MAI designation exactly, and how does someone go about applying? What is the MAI Designation? Benefits of MAI Designation.

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Housing Wire

OCTOBER 13, 2023

In both cases, our clients and Compass had to design new ways to structure the transaction to get a favorable outcome for all parties. Certainly, the expectations of brokerage firms did not change in terms of the multiple of EBITDA upon which valuations are based. We were honored to represent the owners of DPP in Pasadena, Calif.,

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Housing Wire

APRIL 27, 2021

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. The Consumer Financial Protection Bureau would designate the chairperson of the body. Emanuel Cleaver (D-MO) and Rep.

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Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. The process of finding, buying and owning a home today is disjointed, antiquated and messy.

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Housing Wire

JUNE 6, 2023

Designed to cater to the needs of home equity lenders, fix and flip lenders, and bank default departments, Pinnacle Desktop Appraisals leverages the expertise of real estate professionals utilizing cutting-edge technology to streamline the collection of appraisal data while engaging local appraisers.

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Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.

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Housing Wire

JUNE 10, 2022

Chime’s all-in-one CRM and sales acceleration platform is designed to help real estate agents, teams, and brokerages close more deals faster. Unique bonus features include AI Assistant, Social Media Studio, Home Valuation Reports, Property Alerts, and Personalized CMA. Product Fast Facts. #1. Get More Info.

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Housing Wire

MAY 27, 2022

The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. The government watchdog in February also announced a potential clamp down on the use of automated valuation models by lenders and appraisers. Presented by: Mortgage Coach.

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Housing Wire

MARCH 8, 2024

Yellen told lawmakers that bank regulators are working to address risks tied to rising vacancy rates and lower valuations for office buildings in major cities. residential mortgage servicers, received an equity investment of $1 billion earlier this month that is designed to strength the bank’s balance sheet.

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Appraisal Buzz

APRIL 15, 2024

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. These forms became fixed in the mortgage industry and have remained the standard for decades.

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Appraiserblogs

MARCH 7, 2024

Despite its roots in a methodology designed to support appraisers, Value. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market.

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AmeriMac

NOVEMBER 15, 2023

If you are a lender or a borrower, you might be familiar with the valuation options available through Freddie Mac. It is a streamlined appraisal process designed to provide lenders and borrowers with a more efficient and cost-effective way of obtaining property valuations. How does ACE + PDR Function?

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Housing Wire

NOVEMBER 6, 2023

While AI is being used in marketing, underwriting, property valuations and fraud detection, AI is only beginning to be incorporated into servicing, according to interview findings. In terms of adopters, government-sponsored enterprises (GSEs), large mortgage lenders and fintech firms have used AI.

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Appraisal Buzz

JUNE 7, 2021

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Josh : The Annual Compliance Training is designed to meet requirements of clients and regulators.

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Appraisal Buzz

APRIL 6, 2022

Clear Capital , a national real estate valuation technology company, has introduced two new desktop appraisal solutions – Desktop Appraisal and Desktop Data Collection. Desktop Appraisal is a GSE-compliant 1004 Desktop/70D residential appraisal that quickly delivers a reliable opinion of value with price certainty, the company says.

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Housing Wire

AUGUST 5, 2022

HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. . HW: How can appraisal modernization enhance the valuation process?

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