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Progress now or perfect later: Improving the appraisal process

Housing Wire

The pain points have been well documented by the PAVE Action Plan and supported by numerous research papers, so I won’t spend a ton of time here except to marvel at the range and complexity of pain points. Like any good product exercise, we need to define the pain points before we talk about solutions.

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The appraisal gap is complicating deals across the country

Housing Wire

It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. But making me be the only one responsible (the appraiser) for the value and the loan, makes the appraiser use more caution,” he said. “If

Appraisal 540
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A View on Risk: Desktop Appraisals

Appraisal Buzz

The announcement has been welcomed by some in the marketplace as building a process aligned with digital modernization of real estate appraisals, whether their goal is motivated by customer service, speed, or cost. Can appraisers themselves offer floor plans as part of their appraisal service? Operational and Reputational Risk Implications.

Appraisal 435
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Why Appraisal Workfiles Are Important

Appraisal Today

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. I’ve seen this happen. Systems fail.