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Progress now or perfect later: Improving the appraisal process

Housing Wire

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. And as a bonus, the spec provides a home for digital captures of properties to be included.

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PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Address potential bias in the use of technology-based valuation tools through rulemaking related to Automated Valuation Models (AVMs).

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Clear Capital Announces Desktop Appraisal, Desktop Property Data Collection Solutions

Clear Capital

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process.

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Apps for Appraisers

Appraisal Today

Genius Scan This app gets a lot of love from appraisers. This tool is excellent for making copies of tax records, floor plans, etc. How will this affect your appraisal reports if you work in the affected areas? Request a reasonable fee based on the time involved in developing, analyzing, and reporting the appraisal.

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How To Select the Right AVM in an Uncertain Housing Market

Clear Capital

Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. So when it comes to valuing properties in a volatile market, as we experienced in the years since the pandemic, choosing the right AVM is imperative.

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Understanding desktop appraisals and how to use them for home valuations

Clear Capital

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. How to take advantage of desktop appraisals.

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AVMs undergo compliance and regulation updates

Clear Capital

Fannie Mae’s study , while finding that homes owned by white borrowers were more often overvalued than homes owned by Black borrowers, furthered the discussion around Appraisal Modernization, including the use of AVMs in property valuations. Upcoming changes to AVM compliance and regulation . AVMs faced intense scrutiny.