Remove Inspection Remove Insurance Remove Modernization Remove Valuation
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Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

HOA 370
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Race and the Property Valuation Industry

Appraisal Buzz

Only the wife was at home to greet the appraiser when they arrived to inspect her home. The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. However, the husband and wife in this article are not valuation professionals. Let’s unpack this situation….

Valuation 370
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The hybrid appraisal is here. Who benefits?

Housing Wire

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 401
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How To Appraise Rural Properties

Appraisal Today

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Beyond the Hype: Fannie Mae Announcement SEL-2023-02

McKissock

Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. This includes warranty that the property is safe, sound, and structurally secure.

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Beyond the Hype: Fannie Mae Announcement SEL-2023-02

McKissock

Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. This includes warranty that the property is safe, sound, and structurally secure.

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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Both lenders and servicers are under constant time pressure to complete their work.

Lending 268