Housing Wire

MAY 24, 2022

Appraisal modernization efforts in the housing industry have ramped up because of the pandemic. In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture.

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Housing Wire

MAY 23, 2022

“This bill will make sure that veterans are not unfairly disadvantaged during the home buying process and allow for a modern, digital appraisal process, which will get them into their new home faster.”. In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture.

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Law Appraisal Modernization Appraisal Process 393

Birmingham Appraisal

JUNE 7, 2023

Mortgage and Financing Strengthening Financial Analysis for Loans Accountants often collaborate with appraisers in mortgage and financing scenarios. This data allows accountants to calculate accurate tax liabilities and minimize the risk of tax disputes or penalties.

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Real Estate Appraisal Valuation Legal 63

Housing Wire

NOVEMBER 8, 2021

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.

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Clients Agents Buyers Sellers 393

Housing Wire

MARCH 31, 2021

The information from these consumer reports are used to make many kinds of decisions, including whether a consumer can borrow money or how much he or she will pay in interest to finance a home or large purchase. How this will affect the reporting of delinquent loans, is yet to be delineated.

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Insurance Appraisal Development Lending 404

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Appraisal Appraisal Process Valuation Renovations 370

AmeriMac

JULY 11, 2022

How Is a Relocation Appraisal Different From a Mortgage Appraisal? There are a lot of differences between a relocation appraisal and a mortgage appraisal. While a relocation appraisal is done to estimate the sale price of your home, a mortgage appraisal is done to qualify you for home financing.

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Appraisal Mortgage Appraisal Housing Market Inspection 36

Housing Wire

NOVEMBER 19, 2021

In rural areas, longer travel times between appraisals, coupled with the more complicated reports demanded by the VA process, deter the few available VA-certified appraisers. With conventional financing, in contrast, the appraisal fee is entirely negotiable in different areas, Trott said.

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Appraisal Marketing Finance Business 450

Genworth MI Blog

JUNE 27, 2019

For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Before we dive into tips and tricks for disputing an appraisal, let’s level-set with a few foundational concepts and terms. A Few Basics.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Before we dive into tips and tricks for disputing an appraisal, let’s level-set with a few foundational concepts and terms. A Few Basics.

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Appraisal Tips Appraisal Law Market Value 78

Housing Wire

SEPTEMBER 9, 2020

“For our seller-clients, we were counseling them on how the buyers waive appraisals or waive mortgage contingencies,” Cordano said. “With the influx of New York City buyers bidding these houses up, oftentimes waiving the financing/mortgage/appraisal contingencies was not a difficult thing to ask for and most of them did that.”.

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Agents Marketing Buyers Clients 477

Birmingham Appraisal

APRIL 11, 2023

Pending sales that have been appraised with no issues and that have financing in place are the best sales available. Appraisers will use the most recent sales available so it stands to reason that agents should do this as well. This information will tell us if the price we are considering is too high.

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Realtors Bracketing Agents Buyers 85

McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Housing Wire

AUGUST 22, 2022

“loanDepot relied on Lanham’s appraisal despite being informed that it was infected by discrimination and stopped answering or returning Plaintiffs calls once they challenged the appraisal on that basis,” the complaint said. The couple applied for a loan with Swift Home Loans, partnering with Rocket Mortgage in early January 2022.

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Appraisal Loan Officers Valuation Finance 370