article thumbnail

The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. How many years of experience must the appraisers/property inspectors have?

article thumbnail

The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. How many years of experience must the appraisers/property inspectors have?

article thumbnail

Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

Any time an appraiser chooses to rely on data, the appraiser must determine if there is any reason to mistrust the information; so, the training, expectations, and scope of the inspectors should be understood by the appraiser, in order to properly understand and communicate what assumptions were made.