Housing Wire

MARCH 31, 2022

The new Federal Valuation Agency would be responsible for developing real estate valuation standards and appraiser criteria, a function the Appraisal Foundation currently performs. The draft bill also proposed an “Office of Fair Lending” within the new valuations agency, which would report to the head of the agency.

Appraisal 412

Appraisal Valuation Training Government 412

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

Appraisal 424

Appraisal Valuation Finance Training 424

Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Reconsideration of Value Appraisal Valuation Appraisal Process 450

Housing Wire

MAY 20, 2021

Inaccurate appraisals and valuations can impact the type of mortgage financing a potential buyer receives, whether a seller commands a fair value when selling their home, or whether a homeowner has opportunities to tap into home equity. So, what can be done to mitigate bias and inequality in the valuation process?

Appraisal 473

Appraisal Valuation Technology Training 473

Housing Wire

NOVEMBER 30, 2021

The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. Data and compliance standards need to improve to more effectively identify valuation bias.

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Appraisal Process Modernization Appraisal Valuation 403

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Appraisal Valuation Inspection Law 301

Housing Wire

NOVEMBER 6, 2023

Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.

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Government Training Tools Design 330

Housing Wire

JULY 29, 2021

The Property Appraisal and Valuation Equity task force will deliver a report to Biden within six months to describe the “extent, causes, and consequences of undervaluing of properties,” a HUD official told HousingWire. Many appraisers say disparities in valuation are caused by factors outside their control.

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Appraisal Valuation Training Law 545

Empire Appraisal Group

MAY 9, 2024

New Requirements Aim to Reduce Appraisal Bias The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations. Also, underwriters should be trained to identify and remedy appraisal deficiencies, including racial and ethnic bias.

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Reconsideration of Value Appraisal Valuation Training 78

Housing Wire

MARCH 5, 2021

In a panel entitled “ The Brave New World of Valuations ” at HousingWire’s Spring Summit on March 4, Tony Reese and William Fall – chief appraiser at RPM Appraisal Services and CEO of The William Fall Group , respectively – tackled these subjects.

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Appraisal Valuation Training Technology 424

Housing Wire

OCTOBER 16, 2020

The coalition pledged to develop training programs that cover issues of bias as well as connect the appraisal community with thought leaders on unconscious prejudices. In 1968 the Fair Housing Act was enacted to prohibit discrimination based on race, religion, national origin or sex when it came to the sale, financing and rental of homes.

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Appraisal Training Appraisal Process Real Estate 506

Housing Wire

APRIL 4, 2023

In particular, Holden noted the opportunity of training computer algorithms to review bank statements and identifying borrowers who have no credit but are making consistent rent payments every month. “We America faces an undersupply of housing of 1.1 America faces an undersupply of housing of 1.1

Technology 388

Technology Finance Training Valuation 388

AmeriMac

NOVEMBER 15, 2023

ACE + PDR stands for Affordable Conventional Enhanced + PDR, which provides financing options for affordable housing properties with rent restrictions and other affordability requirements. If you are a lender or a borrower, you might be familiar with the valuation options available through Freddie Mac. How does ACE + PDR Function?

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Valuation Appraisal Appraisal Process Real Estate 36

Housing Wire

MARCH 15, 2024

Title firms collecting and making use of advanced analytics and proprietary technologies can provide invaluable insights into housing market trends, property valuations, and risk assessment. The participants in the process are generally less emotional and far better trained or educated in the process than many of their counterparts (e.g.

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Brokerage Real Estate Investors Development 370

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. Appraiser training, education and data availability are critical components to improving the accuracy, credibility and integrity of appraisals.”

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Technology Appraisal Valuation Lending 392

Housing Wire

JULY 12, 2022

Both desktop and hybrid appraisals, according to Fannie Mae, “have the benefit of reducing contact between borrowers and appraisers, thus lowering the likelihood of valuations being affected by personal or unconscious biases.”. Bureau of Labor Statistics , hemorrhaged 5,000 jobs in May, Inside Mortgage Finance reported.

Appraisal 403

Appraisal Inspection Real Estate Agent Training 403

Housing Wire

JUNE 7, 2021

As a candidate, Biden’s campaign said he would “establish a national standard for housing appraisals” to ensure that appraisers are adequately trained, understand the neighborhoods in which they work and “do not hold implicit biases” that influence their work. Third : The efforts to automate property valuation should be enhanced.

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Appraisal Process Appraisal Decorating Valuation 464

Appraiserblogs

APRIL 25, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. AI meets with Fannie Mae regulators to.

Appraisal 125

Appraisal Law Inspection Training 125

Housing Wire

APRIL 18, 2023

Vendor management, be it in the valuation, title insurance or closing process, offers a number of opportunities for increased efficiency and decreased cost. Even the Consumer Finance Protection Bureau (CFPB) has acknowledged that TRID adversely impacts the operational costs of lenders.

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Mortgage Technology Business Investing 351

Appraiserblogs

APRIL 19, 2023

Related Posts: Exactly How Are Property Data Collectors Professionally… Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives.

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Law Inspection Real Estate Training 146

Housing Wire

JUNE 28, 2021

AMCs have existed since the late 1960s,” explains a 2018 report by the Federal Housing Finance Agency , entitled “Are Appraisal Management Companies Value-Adding?” “But But they did not become key players in the home valuation industry until the recent housing bubble.”. Andrew Cuomo’s medium-sized idea. They would then pay Rickard.

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Appraisal Valuation Business Contracts 399

Housing Wire

FEBRUARY 9, 2022

A collection of federal agencies, including the Consumer Financial Protection Bureau (CFPB), the department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA), took the Appraisal Foundation to task for its weak anti-bias guidance. Much of the report centers on the Appraisal Foundation.

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Appraisal Law Training Insurance 347

Housing Wire

FEBRUARY 8, 2022

Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. Kroll Bond Ratings Agency , in a January 2022 pre-sale report, said they gave a “broad valuation haircut” to all loan pools with appraisal waivers.

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Appraisal Appraisal Process Valuation Renovations 366

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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Appraisal Training Lending Land Management 74

Housing Wire

JANUARY 24, 2022

The report, commissioned by the Appraisal Subcommittee and led by the National Fair Housing Alliance , found that the appraisal industry, in sharp contrast to other sectors in housing finance, has been allowed to regulate itself. Our analysis finds that the appraisal industry has operated in a relatively closed, self-regulated framework.”.

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Government Appraisal Reconsideration of Value Lending 366

Housing Wire

NOVEMBER 13, 2023

Key takeaways AceableAgent offers courses for every stage or your real estate journey, from prelicensing to post-licencing and training to hone your professional skills. Includes specialty, core Law & Ethics CE training. All Post-License Courses meet Florida’s 45-hour post-licensing requirement for first-time renewals.

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Housing Wire

NOVEMBER 30, 2023

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Real Estate Realtors Real Estate Agent Law 389

Robinson Appraisal Group

JANUARY 22, 2020

and automated valuation models. expanding appraisal career workshops and facilitating incentives for new recruits that would include: appraisal software, scholarships for their appraisal education and other resources during the training process. bifurcated valuation or hybrid appraisal includes an exterior. So, what happened?

Appraisal 78

Appraisal Valuation Property Inspector Real Estate 78

DataMaster

APRIL 6, 2021

In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. An appraisal is an unbiased valuation of the fair market value of a home. Appraisers are highly educated and well-trained. Home values were skyrocketing and rising weekly. Let’s explore how appraisals work!

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Appraisal Appraisal Process Buyers Legal 158

McKissock

NOVEMBER 3, 2020

It’s more to your advantage to look at it as training a productive employee. Then you can bring on new clients; you’ll have sufficient staff for higher-volume periods—and, while you’re training the new people, you’re revisiting the basics and refreshing your own skills. Or you might just not like the process of training other people.

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Appraisal Training Business Property Appraisal 75

Housing Wire

JANUARY 11, 2022

Rodman Schley, president of appraisal trade association the Appraisal Institute , called the Federal Housing Finance Agency ’s findings, which it presented in a December blog post , “unacceptable,” and said more work is required to recognize and interrupt unconscious bias.

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Appraisal Training Real Estate Appraisal Process 331

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Mortgage financing and refinancing. Valuation for insurance claims. Renovation loan assessments. Reviewing / appealing property tax assessment. Estate settlements.

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Appraisal Inspection Property Taxes Easement 105

Appraiserblogs

MARCH 29, 2023

Fannie Mae’s decision to waive/eliminate property appraisal for lending… Exactly How Are Property Data Collectors Professionally… Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives.

Property Appraisal 134

Property Appraisal Training Lending Appraisal 134

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Some states may even require the completion of a specific training program before you can apply for licensure. Unless you have bank accounts with a massive cash reserve, you’ll need to find a way to finance your development projects. Setting Yourself Up for Success in Real Estate Development. Obtain the right qualifications.

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Real Estate Development Appraisal Contracts 303

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Appraisal Process Real Estate Appraisal Easement 78

Clear Capital

JANUARY 5, 2023

It should therefore come as no surprise that nearly every component of the housing and housing finance ecosystems has been impacted in some way by — at a minimum — the past 90 years of legislated unequal access to opportunity. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny.

Appraisal 69

Appraisal Modernization Valuation Appraisal Process 69

McKissock

AUGUST 3, 2021

But I prefer to train my own appraisers,” he adds. Advice for training new appraisers. based Jeff Hicks, president of The Dohring Group, just hired two new commercial appraisers: one young with very little valuation experience, the other very experienced in real estate but not appraisal. It’s not rocket science.”. Tampa, Fla.-based

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Appraisal Real Estate Business Training 97