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How data and technology can combat appraisal bias

Housing Wire

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you. Johnson said.

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SingleSource’s new app to support to Fannie Mae’s Value Acceptance + Property Data program

Housing Wire

Fannie Mae’s value acceptance+property data extends an appraisal waiver provided the property data is gathered by a vetted and trained third party and a floor plan is delivered to a desktop underwriter. SingleSource has been providing valuation services nationwide since 2000 and nationwide field services and inspection services since 2006.

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Digital Forms: Enhancing Safety Compliance in Construction

GoForrmz

Leveraging technology for safety construction practices While safety continues to be a priority in the construction industry, it’s not without reason. Traditional paper-based forms have long been the norm for documenting safety procedures, but the advent of digital forms has revolutionized safety management in the construction industry.

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Appraisal waivers: What lenders should know

Clear Capital

The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers. Inspection-based appraisal waivers — filling the gaps in traditional waivers For many years, there have only been two options for lenders — a traditional appraisal or an appraisal waiver.

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Overhauling Legacy Processes Through a Digital Transformation

GoForrmz

As technology advances at breakneck speeds, companies must find ways to stay competitive and relevant. While this concept has been around for some time, it’s more critical now than ever, and the learning curve of adapting new technologies is a challenge worth facing. They demand convenience, personalization, and seamless experiences.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.