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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. . HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. It’s time to grab your popcorn and… The post Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? appeared on Appraisers Blogs.

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This app lets homeowners generate floor plans of their homes for free

Housing Wire

In 24 hours, the floor plan sketching technology provides a high-resolution floor plan file of the house, the company said. “By By offering a free version of our mobile scanning technology in the U.S., How smart home technology can benefit renters and property managers. Presented by: Rently.

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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 405
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A View on Risk: Desktop Appraisals

Appraisal Buzz

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. Appraisal Labels.

Appraisal 435
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1004 Desktop appraisals: A monumental step forward for appraisal modernization

Clear Capital

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 change presents a great opportunity for mortgage lenders and the borrowers they serve. or its subsidiaries.

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Just How Big is that House?

Appraisal Buzz

The appraiser’s duty of care is to present factual information about the property that they are appraising. How the appraiser obtains their measurements is often dictated by the circumstances that present themselves when in the field. Technology usage will vary by practitioners and by circumstance. Appraiser Responsibility.

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