Housing Wire

OCTOBER 2, 2023

Hybrid appraisals require a vetted and trained third party to inspect the property and gather data — including a floor plan — and deliver it to a licensed appraiser for a desktop appraisal. Xactus Appraisal Firewall X provides data for both processes.

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Valuation Training Modernization Appraisal 407

Housing Wire

APRIL 2, 2024

People are still buying homes, but we are still seeing multiple offers like crazy, seeing a lot of people waive contingencies such as inspections. Founded in 2003 by Rick Arvielo and his wife, Patty Arvielo , NAF offers a variety of conventional, government, adjustable-rate and non-qualified mortgages. The lender originated $9.6

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Loan Officers Retail Finance Buyers 417

Realtor

NOVEMBER 7, 2023

Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. Costs of buying a home #4: Inspection You want to be assured your new home is structurally sound and free of surprises such as leaks or pests living in the walls. Home inspection : This is critical for home buyers.

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Inspection Insurance Sellers Buyers 196

Housing Wire

JULY 6, 2023

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac released updates on Wednesday related to condominium and co-operative project standards policies for properties in need of critical repairs and special assessments. “At

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Inspection Government Tools Finance 370

Housing Wire

JUNE 22, 2023

In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. The groups also offer feedback on how the Fannie Mae and Freddie Mac temporary requirements for condos and cooperative projects could be improved. the letter states.

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Lending Development Inspection Realtors 370

The Appraiser Coach

MAY 18, 2021

I probably take about 20-25 per house that I inspect. It is no secret that we as appraisers take a lot of photos. Then there are all the comp photos. Read More.

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Appraisal Inspection Advertising Real Estate Agent 397

Housing Wire

JUNE 23, 2022

At the time, the guarantor said it would exclude any new issuer delinquencies occurring on or after April 2020 in recognition that delinquency rates would likely swell in response to government-mandated forbearance. For now, these types of statements will be accepted from issuers with a fiscal year ending on or before Sept. 30, 2022.

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Inspection Government Finance Development 417

Housing Wire

MARCH 11, 2021

However, the government agency is now pushing that back to at least April 30, 2021. Fannie Mae noted at the time that many lenders were unable to obtain an appraisal based on a full interior and exterior inspection of the subject property as the virus continued to spread. In a statement issued on Feb.

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Lending Appraisal Inspection Property Appraisal 481

The Appraiser Coach

MARCH 12, 2021

Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections. Many appraisers work out of our homes, not interacting with office staff or other appraisers. Read More.

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Appraisal Inspection Advertising Real Estate Agent 369

Housing Wire

JANUARY 3, 2022

Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. According to a recently published study by the U.S.

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Tools Appraisal Appraisal Process Real Estate 427

Housing Wire

FEBRUARY 16, 2022

According to the government watchdog, members of the public can now submit their opinions on matters pertaining to regulations, whether that be a request for the agency to pursue a new rule, amend an existing one or repeal a rule. The petitions will be automatically posted on public dockets for review and comment.

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Government Inspection Law Finance 284

Housing Wire

FEBRUARY 1, 2023

Once the loan is closed, UWM claims it will handle the rest of the process by staying in direct communication with the builder on subsequent draws, as well as subsequent inspections, to confirm the project is on pace.

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Construction Real Estate Agent Loan Officers Legal 395

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

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Insurance Supply Chain Design Government 383

Housing Wire

JANUARY 27, 2023

The federal government and numerous federal agencies will take action on these and other issues outlined in the blueprint. The administration said it will also launch the “resident-centered housing challenge,” which leans on housing providers and state, local and tribal governments to expand access to housing through stronger policies.

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Tenants Landlords Finance Government 407

Housing Wire

MARCH 21, 2023

Lender and appraisal management companies and other property data collection companies can now use Black Knight ‘s Scout mobile property inspection as part of the value acceptance plus property data process. The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative.

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Valuation Modernization Appraisal Appraisal Process 284

Housing Wire

JANUARY 14, 2021

31, 2021, however, the government entity is now pushing that back to at least Feb. ” In a letter sent by Fannie, the Enterprise cited many lenders were unable to obtain an appraisal based on a full interior and exterior inspection of the subject property as the virus continued to spread.

Lending 539

Lending Appraisal Inspection Property Appraisal 539

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 407

Appraisal Inspection Real Estate Agent Training 407

Housing Wire

JUNE 9, 2022

Legacy renovation loans, which tend to have longer inspection periods and strict oversight of renovations, are not paid to borrowers in a lump sum, which can add a degree of difficulty when homeowners are ready to use the funds, according to Goldman.

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Renovations Finance Inspection Buyers 370

Housing Wire

AUGUST 3, 2022

AMCs, potentially even more so than firms who do business with the government-sponsored enterprises, are heavily influenced by changes to conventional appraisal standards. Both are alternatives to the traditional appraisal, and potentially reduce the amount of time an appraiser spends driving to and performing an on-site inspection.

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Valuation Appraisal Modernization Technology 395

Appraisal Buzz

FEBRUARY 7, 2022

Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.

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Appraisal Inspection Development Technology 435

Housing Wire

MAY 23, 2023

The need to physically inspect each property will be replaced with data or other inspection options in many cases. I think that we’ve seen that [it may not happen] on a government level, so it is maybe going to take the private sector to lead the way.” Johnson said. I think that’s a really great step.”

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Technology Appraisal Lending Valuation 383

The Appraiser Coach

NOVEMBER 15, 2023

You drive for an hour for an inspection. We’ve all been there before. When you get there, you knock on the door, only to have it opened by the kids. You ask them if their parents are home, to which they respond, “No.” When you call the parents, they say something like, “Oh, I’m not home right now, but the kids will let you in.”

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Inspection Appraisal Real Estate Agent Government 150

Miller Samuel

NOVEMBER 30, 2018

Those are "PiW" loans or have a "Property Inspection Waiver." of the actual value 50% of the time) and "hybrid appraisers" (which removes the appraiser from the actual inspection of properties) to develop a value opinion. I've heard of fees as low as $8 to do the inspection and $78 for the appraiser.

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Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

FEBRUARY 7, 2022

It alleged the government-sponsored enterprise didn’t maintain foreclosed properties in communities of color as well as it did in white neighborhoods. “I As part of the executed settlement, Fannie Mae also said it would list, on a website, a toll-free number for members of the public to call if they have concerns about REO properties.

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Inspection Design Government Real Estate 383

The Appraiser Coach

DECEMBER 5, 2023

I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. No matter what we think, people are not the creatures of logic and reason we like to think we are. I remember an interaction I had one day with a homeowner.

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Real Estate Agent Inspection Appraisal Appraisal Process 150

Appraisal Buzz

DECEMBER 20, 2021

Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market. The company is a national provider of best-in-class valuations, inspections and data products for lenders throughout the country, and is headquartered in Charlotte, North Carolina. About Incenter Appraisal Management.

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Appraisal Mortgage Technology Appraisal Process 195

Miller Samuel

MARCH 18, 2020

As co-owner of an appraisal firm for 34 years, while based in Manhattan, we generally don't drive to appraisal inspections. By the time the first Fed rate cut was made in response to the coronavirus on March 3, we adopted a screening process for appraisal inspections. [ Johns Hopkins University ]. Scenario 1 Conversation.

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Appraisal Inspection Transportation Clients 195

GoForrmz

MAY 13, 2022

This is a 72-hour event with increased inspections all throughout North America. During the week officials will be conducting up to 15 vehicle inspections every minute! Don't let inspection forms, checklists, or inventory slow you down during this busy week. Is your transportation team ready?

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Transportation Inspection Logistics Business 78

Housing Wire

MARCH 21, 2022

According to Walsh, laws enacted by many states and municipalities require that foreclosing lenders register, inspect, and maintain properties during the foreclosure process, including before the lenders acquire title following a foreclosure sale. If the property is vacant, they will lower the offer further.

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Law Inspection Insurance Government 370

Housing Wire

JANUARY 31, 2021

The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics.

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Valuation Development Technology Real Estate 348

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. To be approved for the loan, the house must pass an inspection conducted by the U.S. ” (Note: This inspection is not a substitute for a regular home inspection, which you should absolutely get, too.). .

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Inspection Insurance Buyers Renovations 136

Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate.

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Modernization Appraisal Valuation Appraisal Process 144

Housing Wire

OCTOBER 16, 2023

Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) We’re not competing, and inventory out there is now up for some negotiating on things like pricing, inspection, and rate buydowns.

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Agents Buyers Sellers Inventory 407

Quicken Loans

JUNE 8, 2021

There are also plenty of risks: A home you buy at an auction might have a lien on its title from a government agency, especially if the former owners stopped paying property taxes. Buying A Government-Owned Property. You might also consider buying government-owned foreclosure properties. Let’s look at an example. Sellers (i.e.,

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Real Estate Agent Inspection Government Real Estate 72

The Appraiser Coach

DECEMBER 13, 2022

Imagine you’re at an inspection. During your standard walk-through, you look out the window and see a car pull up into the driveway. Your mind starts racing when you see. Read More.

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Inspection Agents Advertising Real Estate Agent 74

Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. The term “redlining” comes from the development by the New Deal by the federal government of maps of every major metropolitan area in the country. Government Segregated America. The wife is African American, and her husband is white.

Valuation 370

Valuation Appraisal Real Estate Insurance 370

Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. Servicers, especially those who service government-insured loan products, are under statutory time constraints that give them very little wiggle room.

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Lending Mortgage Technology Modernization 379