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HUD, GSEs to Allow Consumers to Seek Reconsideration of Appraisal Valuations

Appraisal Buzz

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.

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Adjusting to the New Real Estate Market

Appraisal Buzz

In this week’s episode, host Hal Humphreys talks with Kevin Hecht, Appraisal Training and Development Manager and Real Estate Economist for McKissock. It seems like the market is starting to pick up for the spring across the nation, but we haven’t seen any significant interest rate changes.

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Collateral Risk Network Names Jeremy Staudenmaier 2022 Valuation Visionary

Appraisal Buzz

The Collateral Risk Network (CRN) announced today that Jeremy Staudenmaier, director of product management at ACI , a leading provider of workflow solutions for the valuation industry for nearly 40 years and a member of the First American family of companies, has been chosen as the CRN 2022 Valuation Visionary.

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AI could improve racial equity in homeownership, but there’s work to be done

Housing Wire

Policymakers and the mortgage industry must reckon with historical and present-day barriers that lock would-be homebuyers of color out of the market altogether,” according to the report published on Monday. “It must first, however, overcome the biases and inequities already embedded into the data it analyzes.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process.

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ACE + PDR: What does this mean to you, and what’s the future for appraisal data collection?

Appraisal Buzz

I provide short and long-term consulting services related to valuation, education, review, and investigations. Josh: Multiple developers have created inspection apps which scan properties and generate floor plans and 3D representations of the improvements. Buzz: What is your background in the industry?

Appraisal 360
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Opinion: Real estate agents can flourish in an AI-flooded market

Housing Wire

Here is just one example among many: Proportunity helps would-be property owners to get a fair and up-to-date valuation of residential real estate. The world yet has much use for real estate agents, and indeed the advent of realty-focused AI presents more opportunities than threats for those who are willing to change with the times.