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Overcoming 2023’s biggest appraisal challenges

Housing Wire

The GSEs have looked at the demand side and tried to reduce the number of mortgages that require a full appraisal or require an appraisal that takes less time from the appraiser. There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values.

Appraisal 367
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A View on Risk: Desktop Appraisals

Appraisal Buzz

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Prior to 2020, the most common appraisal label in the mortgage origination ecosystem was the Full Appraisal. Appraisal Labels.

Appraisal 435
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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

James and Jeff will cover current VA appraisal topics including desktop appraisals, reconsiderations of value, and the ways that the VA is monitoring appraisal quality. This includes the development and enhancement of automated appraisal-scoring tools and analytic products. Sign up now. Sign up now.

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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

James and Jeff will cover current VA appraisal topics including desktop appraisals, reconsiderations of value, and the ways that the VA is monitoring appraisal quality. Invest in your professional development with one-hour, non-credit webinars presented by experts. View Pro-Series webinars.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Mortgage rates are expected to rise, but still remain attractive and reasonable. Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. It’s likely that the task force’s recommendations will be adopted by most of the major players in the residential mortgage lending arena.

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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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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. And then we just embrace technology. SW: The mortgage industry saw huge origination volume over the last two years. What part did that volume play in your growth?