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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 402
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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370
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How GoFormz Empowers Engineers

GoForrmz

However, the demands of modern engineering require a lot more than technical expertise. They require effective and modern processes, which is where digital forms come into play. Add electronic signatures to safety inspections, image fields to on-site reports, and more in our customizable form builder. No internet? No problem.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. In these scenarios, no inspection or appraisal of any kind is performed on the property. Poor data visibility.

Appraisal 314
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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Desktop appraisals and hybrid appraisals, where an independent third-party inspects the property, both “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower,” wrote Fannie Mae. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 293
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Digitizing Utility Infrastructure for Enhanced Asset Management

GoForrmz

Mobile forms emerge as indispensable tools in modern maintenance planning, empowering field technicians with real-time access to maintenance schedules, work orders, and asset histories. Failure to comply with these regulations can lead to penalties, legal liabilities, and reputational damage.

Legal 78
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Here’s why some lenders choose IPEN over RON

Housing Wire

As the traditional in-person notarization process can involve hundreds of paper records, you’re also losing the eco-friendly appeal with modern borrowers expecting a paperless process. There are many eClosing solutions lenders and title agencies can choose from to ensure borrowers a modern, secure experience.

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