Housing Wire

MARCH 31, 2021

The CFPB also now intends to take enforcement action against land developers subject to the Interstate Land Sales Full Disclosure Act under Regulation J. Because many financial institutions have developed more robust remote capabilities and demonstrated improved operations, it is no longer prudent to maintain these flexibilities.

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Insurance Appraisal Development Lending 410

Housing Wire

MAY 23, 2022

Both Fannie Mae and Freddie Mac now allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans. Meanwhile, the Department of Housing and Urban Development (HUD)recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic.

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Law Appraisal Modernization Appraisal Process 397

AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

AmeriMac

MARCH 29, 2024

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Unlike traditional mortgages, there are no monthly mortgage payments required with a reverse mortgage, which can provide financial flexibility for retirees.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Appraisal Today

MARCH 15, 2024

Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process.

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Appraisal Inspection Modernization Business 68

Housing Wire

FEBRUARY 16, 2022

The IG report said that as of August 2021, HUD had resumed FHA Catalyst development work at limited capacity and as of October 2021, HUD estimated that it would complete FHA Catalyst development in March 2025. The post FHA delays mandatory use date for FHA Catalyst appraisal submission appeared first on HousingWire.

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Appraisal Appraisal Process Modernization Development 362

Housing Wire

SEPTEMBER 15, 2021

That’s why HousingWire invited Rachel Robinson, director, collateral policy and product development at Rocket Mortgage , to HW Annual to discuss how technology can play an important role in the appraisal process and help eliminate discriminatory practices. .

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Modernization Development Valuation Technology 362

Genworth MI Blog

JUNE 27, 2019

For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Before we dive into tips and tricks for disputing an appraisal, let’s level-set with a few foundational concepts and terms. A Few Basics. Sign me up!

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Before we dive into tips and tricks for disputing an appraisal, let’s level-set with a few foundational concepts and terms. A Few Basics. Sign me up!

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Birmingham Appraisal

APRIL 11, 2023

If we do not have enough sales to develop an accurate and reliable opinion of value we may need to expand our search parameters, within reason of course. Appraisers will use the most recent sales available so it stands to reason that agents should do this as well.

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Realtors Bracketing Agents Buyers 85

Housing Wire

SEPTEMBER 21, 2021

The FHA Catalyst platform has been a bright spot in the Department of Housing and Urban Development ’s outdated IT structures. Meanwhile, lenders with HECM cases may use the module immediately, the administration said.

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Appraisal Modernization Property Appraisal Design 450

Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. The answer is, Yes! You need to educate yourself.

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Appraisal Business Contracts Real Estate 52

McKissock

DECEMBER 28, 2021

Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Appraisers should consider learning more about desktop appraisals and the hybrid/bifurcated appraisal process and using remote inspection tools such as RemoteVal ,” she advises. “We

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96