Housing Wire

MARCH 10, 2023

” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. Today’s Selling Guide update for 1004 Desktop appraisals signal the industry-wide adoption of modern appraisal methodologies.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Modernization Real Estate Agent Reconsideration of Value Appraisal Process 74

Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Not so long ago, there were very few appraisers that knew about property inspection waivers. It may benefit you and your business to stay updated on policy as it relates to the appraisal profession.

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Housing Wire

NOVEMBER 22, 2021

Her nomination sends a strong message that the Fed will continue to prioritize efforts — which Brainard has spearheaded — to modernize the Community Reinvestment Act. The racial homeownership gap now yawns as wide as it did in 1968, but most lenders receive a “satisfactory” or “outstanding” grade on Community Reinvestment Act inspections.

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Housing Wire

JUNE 14, 2022

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.

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Appraisal Buzz

AUGUST 15, 2022

Mark: Incenter’s growth in the lending world includes some of the largest military-based and non-bank lenders in the country. We put appraisers in control! Buzz: How does the Incenter and Clearbox partnership benefit appraisers?

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Housing Wire

FEBRUARY 14, 2022

One way the FHFA proposed is through the government-sponsored enterprises’ duty to serve plans, which set goals for lending liquidity and preservation for manufactured, rural, and affordable housing. In March, Fannie Mae will start accepting desktop appraisals — appraisals without an on-site inspection requirement — for some loans.

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Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Housing Wire

MAY 25, 2021

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.

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Appraisal Buzz

JUNE 27, 2022

Over the past 10 years my focus has been on developing new lines of business and ways to bring the skills we possess as valuation experts to markets outside of just lending and bank work and beyond the four walls of ‘appraisal practice.’ ’ Buzz: What does it mean to stay relevant in the industry?

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Housing Wire

JANUARY 31, 2021

ClearLabs has brought innovative solutions to the market, including OwnerInsight , a first-to-market homeowner-enabled appraisal inspection tool, available free to all lenders, appraisers, and AMCs.

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McKissock

MARCH 6, 2023

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Predictably, the appraisal online community reacted to this announcement in much the same way that a vampire in a low-budget horror movie reacts when shown a crucifix.

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Modernization Valuation Appraisal Lending 72

McKissock

MARCH 6, 2023

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Predictably, the appraisal online community reacted to this announcement in much the same way that a vampire in a low-budget horror movie reacts when shown a crucifix.

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Realtor

MAY 15, 2023

Lenders have a vested interest in the home appraisal because it protects them from lending more money than they can recoup should you default on your loan and go into foreclosure. And in 2018, Fannie Mae began testing its hybrid appraisal, a method it had worked on for years to speed up and modernize the traditional appraisal process.

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Appraisal Real Estate Appraisal Process Market Value 107

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. predictable scheduling, no weather delays, ease of inspection, etc.). Manufactured Housing Construction Advantages.

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Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. Arouse the suspicion of an entire neighborhood when inspecting comparable sales.

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Appraisal Contracts Legal Business 75

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. predictable scheduling, no weather delays, ease of inspection, etc.). Manufactured Housing Construction Advantages.

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Construction Loan Officers Training Lending 78

Walitt Solutions

JULY 28, 2019

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending.

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Appraisal Today

NOVEMBER 17, 2023

Myth #2: Data collectors are going to replace appraisers There’s a lot of buzz right now about PDC possibly replacing traditional property appraisal, but the intent of this service is to fill a gap in the lending process. I would always finish the inspection and never be rude to them.

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Will Springer Realtor

JULY 20, 2021

There was a time not too long ago when almost all residential real estate transactions required face-to-face customer interaction with a real estate agent/broker and ancillary services such as title, escrow, mortgage and home inspection. Partnering with Priority Home Lending , John L. Convenience. Efficiency. and “Was it fair?”.

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Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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Listing Spark

MARCH 12, 2024

Your buyer likely has an option period of five days or so when they can conduct inspections and back out of the deal without losing their earnest money. They may also request amendments to the contract, either lowering the sales price or requesting repairs to accommodate whatever was found during the inspection (this is common).

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Zillow

JULY 25, 2016

Get to know the property Every house, no matter if it's a 100-year-old Victorian or a modern marvel , should have some type of inspection before it's sold. Your contract should include a " contingency " for such an inspection, to protect you from unwittingly buying a money pit. Here are the top 3 ways to protect your deposit.

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Will Springer Realtor

MAY 9, 2022

Yes, pockets of King County may experience new home listings lasting for weeks rather than days, fewer offers on homes, bids at or even below the asking price and more of them with contingencies for home inspections and other conditions. That was within the 28% ceiling considered affordable by common lending standards. bath , 6920 sq.

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Architecture Design Buyers Construction 36

Appraisal Today

SEPTEMBER 23, 2022

House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. Click here for more info! Too much sometimes.”

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Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. ” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon.

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Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. Every detail of the newly constructed interior was carefully thought out to maintain the unique cylindrical structure while adding a modern, minimalistic feel.

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Appraisal Real Estate Agent Real Estate Contracts 52

Will Springer Realtor

SEPTEMBER 8, 2021

The rare drop-off came as a decrease in refinance activity canceled out a rise in home-purchase and home-equity lending. >> A Bankrate.com survey found that only 19% of homeowners who had mortgages before the pandemic have refinanced, despite interest rates plunging. Update: The home is now Pending Inspection…sorry!].

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Construction Inventory Buyers Real Estate 36

Clear Capital

DECEMBER 14, 2021

But then she now is part of a pretty amazing startup, focusing on revolutionizing the lending experience — being a digital lender — called Tomo. What do we need to do as an industry to bridge that gap between the home buying experience and the lending experience, if they’re at odds with each other sometimes?

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Real Estate Mortgage Agents Business 69