Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. “The Bank Home Mortgage and Planet Home Lending declined to comment.

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Buyers Agents Loan Officers Real Estate 393

Housing Wire

JUNE 8, 2022

“We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A

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Development Finance Government Lending 370

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The regime has limited its accountability and enforcement systems.

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Government Appraisal Reconsideration of Value Lending 370

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do? That’s what I use.

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Business Appraisal Real Estate Agent Clients 393

Appraisal Buzz

MAY 9, 2022

The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? It’s apparent when someone has little to no knowledge regarding log home valuation. Most appraisers would gladly take a log home valuation class if it was offered to the public.

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Valuation Legal Construction Appraisal 396

The Robert Weiler Company

SEPTEMBER 30, 2020

In most instances, such as public development projects or litigation cases, the commercial appraisal review is a mandatory examination of an appraisal report to spot mistakes, address errors in a CRE appraiser’s judgment or update information based on changing conditions due to the passage of time. A public project is being conducted.

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Real Estate Appraisal Property Appraisal Valuation 137

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. Get access to videos like this and hundreds of professional development resources and tools with our Unlimited Learning Membership. This, of course, is unethical.

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Appraisal Contracts Market Value Clients 103

Birmingham Appraisal

AUGUST 2, 2023

Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

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Appraisal Agents Valuation Real Estate 70

Portland Appraisal Blog

AUGUST 8, 2020

years ago when there have been many[,] many sales in this development just in the last year?” The appraisal report is not for lending: The overwhelming majority of appraisal reports are written for a lending institution due to a sale or refinance—certainly over 90% and most likely approaching 99.9%.

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Appraisal Bracketing Lending Agents 78

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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Appraisal Training Lending Land Management 74

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.

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Appraisal Appraisal Process Valuation Real Estate 36

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. You may be wondering where in the world I’ve been. Did I go dark? Did I give up on blogging and podcasting? The answer is no. Why did CubiCasa launch Digital GLA?

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Marketing Real Estate Agent Real Estate Appraisal 300

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Valuation for insurance claims.

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Appraisal Inspection Property Taxes Easement 105

AmeriMac

SEPTEMBER 1, 2021

Instead, it is an independent entity that works with lenders and others who need valuation services. A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. These legal changes lead to a sharp increase in the use of AMCs. Is Using an AMC Required?

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Appraisal Valuation Law Lending 36

Housing Wire

JULY 28, 2021

An Oakland homeowner says the home valuation process failed her due to the color of her skin, according to a complaint filed with U.S. Department of Housing and Urban Development. Robinson also names as a defendant Class Valuation , an appraisal management company. HUD Secretary Marcia Fudge is slated to provide opening remarks.

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Appraisal Valuation Lending Legal 450

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Real Estate Appraisal Property Appraisal Valuation 60

Housing Wire

SEPTEMBER 23, 2021

Department of Housing and Urban Development and Mike Linton, marketing expert who currently serves as chief revenue officer at genomics firm Ancestry , The company was trading at $6.98 late Thursday afternoon, with a valuation of $2.1

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Development Retail Law Mortgage 100

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. Are these “other” inspection-and-valuation processes appropriate for lending?

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Appraisal Inspection Valuation Lending 28

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). There is administrative time involved, as well as legal factors. Was it the borrower? The mortgage loan officer handling the loan? They start the row.

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Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

OCTOBER 1, 2021

EVP, Compliance and Legal. Class Valuation. EVP, Chief Business Development and Brand Officer. Planet Home Lending. Bruno Pasceri. Carmine Cacciavillani. Blue Sage Solutions. Cathleen Schreiner Gates. SimpleNexus. Cindy Buhr. PrimeLending. Dale Vermillion. Founder & CEO. Mortgage Champions. Danny Byrnes. Devi Mateti.

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Finance Technology Legal Mortgage 423

Realvals

JUNE 18, 2023

The LTV is a percentage that represents the amount of money to lend compared to the value of the home. ” ( source ) The only way to obtain legal ownership of the property is to go through the probate process. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries.

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Appraisal Property Taxes Real Estate Market Value 145

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.

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Appraisal Process Appraisal Market Value Tenants 148

Will Springer Realtor

FEBRUARY 6, 2024

Since the early years of Seattle’s development, discriminatory practices have been woven into the very fabric of the community. Discriminatory lending practices, such as higher interest rates and denials based on race, persisted long after legislation ruled the actions illegal. Bias is still present but in more subtle forms.

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Real Estate Development Legal Valuation 54

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

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Valuation Technology Lending Real Estate 69

Appraisal Today

DECEMBER 16, 2022

Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending. To read more, click here. Work the Angles.

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Modernization Appraisal Contracts Real Estate 52

Town & Country Residential Appraisals

DECEMBER 2, 2019

Legally Permissible - If I build a home on the riverfront, only to find out that the law prohibits building in that area due to flooding, then I will have wasted a great deal of time and money. Individuals looking for hunting land pay less than farmers looking for cleared land, and these pay less than land developers.

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Market Value Law Valuation Legal 36

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Appraisal Valuation Inspection Law 370

Clear Capital

NOVEMBER 30, 2021

billion in November, which is half of the valuation, of course of Smart Rent, which we’re just talking about. And they describe themself as a developer of the mobile-first home ownership platform. They are a digital lending platform. Yeah, they just sold for $1.2 But still a chunk of change. But that’s mobile first.

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Landlords Real Estate Tenants Investing 69

Housing Wire

MARCH 15, 2022

A recent judge’s ruling in pending litigation involving student-loan securitization trusts could have far-reaching legal and financial implications for the private-label securities market. But if their case raises important and dispositive legal issues, they may seek permission to appeal early.

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Legal Law Investors Finance 433

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Increased redlining enforcement is one piece of HUD’s renewed focus on fair lending, and part of a multi-pronged approach to address the legacy of racist housing policy.

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Insurance Modernization Lending Mortgage 370