Appraisal Buzz

DECEMBER 6, 2021

Instead, tech innovations have started to enter the market with the goal of optimizing the appraisal process by automating key portions of a property’s valuation. A number of them have made strategic acquisitions of related technology platforms over the last few years. In addition, AMCs have been investing heavily in R&D. . .

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Housing Wire

JANUARY 10, 2023

GSE modern appraisal programs are finally expected to transition from test-and-learns to policy, the FHFA appears ready to accelerate work streams and data after their fintech RFI, and the ASC will begin conducting public hearings on appraisal governance and bias starting January 24.

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Housing Wire

JANUARY 14, 2022

Last Friday, HomeSmart filed an “ S-1 ” with the Securities and Exchange Commission , a document that conveys HomeSmart’s intention to sell company shares to prospective investors and the public. HomeSmart has yet to give itself a valuation or declare how much money it seeks to raise in a public offering.

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Appraisal Buzz

FEBRUARY 7, 2022

The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property. There is a long history of technology advances adopted into the appraisal processes. Lenders rely on regulation and policy.

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Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. We’ll dive into the details to help lenders gain the confidence to take advantage of this new valuation innovation. What is an appraisal waiver?

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Town & Country Residential Appraisals

APRIL 10, 2023

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. Wait a minute… read that again!!! Yes- you read it correctly- “Lender-provided”.

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Housing Wire

OCTOBER 6, 2020

Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.

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Clear Capital

FEBRUARY 12, 2022

Property valuation technology company Clear Capital is venturing into automated image analysis to help modernize underwriting. The Reno-based company has Q1 plans to roll out ClearPhoto, a technology it calls, “a powerful set of AI-driven rules built into ClearCollateral Review.”

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Clear Capital

SEPTEMBER 13, 2023

Appraisal waivers shorten the valuation process by skipping the traditional appraisal. Inspection-based appraisal waiver programs combine highly advanced analytics that use historical valuations and current market data to generate a value for the home. What is an appraisal waiver? How do inspection-based appraisal waivers work?

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McKissock

MARCH 8, 2022

In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that they will cause the demise of the appraisal profession. Won’t these types of valuations be risky for the lender? Are there any state restrictions?

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Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Appraisal Modernization. Technologies are moving fast.

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Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. billion came from its origination technology, according to their earnings reports. Of the $387.2

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Appraisal Today

JUNE 16, 2023

(Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

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The Robert Weiler Company

SEPTEMBER 19, 2022

The importance of a fully modern open space preservation vehicle – a conservation easement in Ohio – cannot be better summarized than by our 26th President. A modern-day conservation easement example is the Big Darby Watershed , located in Franklin County, Ohio. The land can also be taxed because the buyer privately owns the property.

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Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. Every piece of material used tells a story.”

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Clear Capital

JULY 19, 2022

“It’s important, first and foremost, [for an API] to be easy for other technology providers and developers to work with,” Chen said. “It It needs to be well documented, so it’s easy to utilize and easy to understand what the functionality is.”. One is focused on property valuation and the other on risk assessment.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

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Clear Capital

APRIL 21, 2022

Reggora , an appraisal management software company that is modernizing residential real estate valuation for lenders, appraisers, and borrowers, announced today that it has entered into a strategic partnership with Clear Capital ® , a national real estate valuation technology company, to offer valuation quality control.

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Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B billion tax fraud scheme. Owners with conservation easements can claim an income tax deduction.

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The Robert Weiler Company

NOVEMBER 10, 2021

The earlier you receive this documentation, the better it can help you prepare for future challenges (like nonpayment) and begin an early outreach process. Not only that, but you want those transit links to be modern, well funded, and in high use. What’s your financial cushion? Here, it helps to leave no stone unturned.

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Housing Wire

FEBRUARY 7, 2022

As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. FHA has had gaps in loss-mitigation oversight of servicers it approved.

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