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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. That means development can start this year, so the industry is ready to roll out the new forms in 2024.

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A View on Risk: Desktop Appraisals

Appraisal Buzz

In turn, appraisers developed, supplemented, and maintained practices to ensure the data provided to the appraiser did not result in a misleading appraisal. Inspection relief was successful as lenders and appraisers developed appropriate processes. Lenders rely on regulation and policy.

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Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. The defendant appraiser valued their home at $472,000; a second appraiser later valued it at $750,000 after the couple “whitewashed” the residence and had a white friend stand-in for them. One is: Settlement with loanDepot.com.

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Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” What Is a Reconciled Value? Excerpts: What does the appraiser do with the three different values that may be developed?

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How to Find Comps With Few Sales

Appraisal Today

Resembling a modern French Chteau, it features a freshwater lake, manicured gardens, and three levels of luxurious living spaces. The property data collection process by unlicensed and unregulated people hampers the appraiser trainee’s development and hurts the next generation of licensed and certified appraisers.

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Opinion: The path to modernizing the appraisal process

Housing Wire

The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4%

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NAN’s Steve Sussman on the company’s growth strategy

Housing Wire

We sat down with Steve Sussman, NAN’s chief business development officer, to find out how the company is growing so fast and what they see for the future. SW: We hear a lot these days about appraisal modernization. What does appraisal modernization mean to you? SW: Does NAN utilize some of that technology right now?