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 409

Appraisal Inspection Real Estate Agent Training 409

Clear Capital

MAY 10, 2023

In support of the appraisal modernization policy changes, it’s imperative that we are able to provide lenders with an efficient and seamless experience,” said Kenon Chen , EVP of Strategy and Growth at Clear Capital. For borrowers, this modernization can provide upfront value certainty and reduced costs for eligible loans.

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Modernization Appraisal Valuation Real Estate 69

Housing Wire

MARCH 23, 2021

Over the years the real estate appraisal workforce has experienced a shortage and has fallen behind to attract new entrants to replace those retiring due to high barriers of entry such as training, cost, and licensure regulations. HW: How does ValueLink technology modernize the appraisal practices?

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Appraisal Valuation Inspection Modernization 324

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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Modernization Appraisal Appraisal Process Inspection 69

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection.

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Modernization Appraisal Inspection Valuation 354

Clear Capital

MARCH 2, 2023

Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management Reno, Nev. Clear Capital is a leading provider of hybrid appraisals for mortgage origination.

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Modernization Appraisal Valuation Real Estate 69

Clear Capital

MARCH 1, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Through Application Programming Interface (API) tools, partners can readily integrate modern valuation tools directly into their own systems to enhance their customers’ experience. March 1, 2022 —. Caliber Corporate Advisers for Clear Capital.

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Modernization Appraisal Valuation Technology 69

Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

Appraisal 68

Appraisal Inspection Real Estate Agent Training 68

GoForrmz

JANUARY 24, 2022

Digital forms not only provide a more professional, modern means of documentation but also allow form builders to ensure information is entered more completely and accurately. Conditional Logic use case example Imagine you are a job site supervisor tasked with ensuring critical inspections and safety documentation is completed daily.

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Training Transportation Inspection Modernization 146

McKissock

MARCH 17, 2023

property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. Step 3: Hire the right trainee It’s no secret that it takes time and energy to train future appraisers. Find the Supervisor-Trainee course in your state.

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Appraisal Training Property Appraisal Real Property 97

McKissock

MARCH 6, 2023

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. The Announcement also addresses hybrid appraisals , which are certainly not new.

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Modernization Valuation Appraisal Lending 72

McKissock

MARCH 6, 2023

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. The Announcement also addresses hybrid appraisals , which are certainly not new.

Modernization 67

Modernization Valuation Appraisal Lending 67

Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. My first real estate job as a staff appraiser was with a firm that was a precursor to the modern-day Appraisal Management Company. an appraiser trainee must be mentored and trained by an experienced licensed or certified real estate appraiser.

Valuation 370

Valuation Appraisal Real Estate Insurance 370

DataMaster

FEBRUARY 3, 2021

The RFI contains 4 components: The Uniform Appraisal Dataset (UAD) and the design of appraisal forms Automated Valuation Models (AVMs) and appraisal waivers Valuation differences by borrower and neighborhood ethnic makeup Appraisal modernization. Appraisal Modernization. The Detractors. Some disagree with the overhaul. Shared Concerns.

Appraisal Process 78

Appraisal Process Appraisal Modernization Training 78

Clear Capital

JULY 5, 2023

9 frequently asked questions about Fannie Mae’s Value Acceptance + Property Data Fannie Mae has launched its new appraisal modernization program, Value Acceptance + Property Data. Are there any published training requirements for approved vendors? This appraisal waiver program is a great solution for consumers and lenders alike.

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Training Real Estate Agent Real Estate Appraisal 36

Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. predictable scheduling, no weather delays, ease of inspection, etc.). Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. can work at night).

Construction 148

Construction Loan Officers Training Lending 148

Clear Capital

AUGUST 22, 2023

With ACE+ PDR, additional property information is physically collected on-site by trained property data collectors using the Freddie Mac property dataset, in lieu of an appraisal. ACE+ PDR is an offering that allows lenders to originate eligible loans without an appraisal. A typical PDR is often 30-50 pages of dense property data and photos.

Appraisal 36

Appraisal Inspection Modernization Training 36

Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. Freddie Mac’s appraisal modernization strategy With these challenges in mind, Freddie Mac continues to work on modernizing the appraisal process for lenders that deliver loans to Freddie Mac.

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Valuation Modernization Training Appraisal Process 305

GoForrmz

NOVEMBER 2, 2023

Investing in employee training and support during this phase is crucial as it can lessen the slope of your learning curve long term. Hearing your team members’ concerns can ease their fears while also helping you know where to focus your training efforts. Adaptation Expect resistance to change during the adaptation phase.

Technology 78

Technology Business Training Tools 78

Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. predictable scheduling, no weather delays, ease of inspection, etc.). Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. can work at night).

Construction 78

Construction Loan Officers Training Lending 78

AmeriMac

JANUARY 17, 2022

One of the great things about modern technology is that we’ve never had more information at our fingertips. At its core, a home appraisal is a process wherein a trained, licensed professional will come to a home and make a determination of its fair market value. Case in point: real estate. These days, sites like Zillow abound.

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Appraisal Inspection Market Value Training 36

The Robert Weiler Company

SEPTEMBER 23, 2021

As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease.

Retail 158

Retail Real Estate Business Training 158

Walitt Solutions

JULY 28, 2019

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. So, with the changes in the first mortgage space, I asked the audience to consider several questions, when examining the varied face of property inspections that are currently in practice in the overall valuation profession.

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Appraisal Inspection Valuation Lending 28

Lamacchia Realty

JUNE 15, 2021

Another big issue with lead paint is that even if you paint over it with modern paint, the risk is not eliminated. Lead is especially harmful to children six years of age or younger due to their itch to explore and consume things. It can still vaporize and be inhaled through non-lead-based paints.

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Buyers Law Landlords Tenants 74

AmeriMac

NOVEMBER 15, 2023

ACE + PDR stands for Automated Collateral Evaluation and Property Inspection Waiver with Power of Attorney (ACE + PDR). Its Origin and Purpose Freddie Mac developed ACE + PDR as part of their appraisal modernization efforts, offering an appraisal waiver option for eligible purchase transactions.

Valuation 36

Valuation Appraisal Appraisal Process Real Estate 36

DW Slater Company

FEBRUARY 24, 2022

Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. Appraisers have been trained in knowing what to look for.

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Tools Inspection Appraisal Technology 149

GoForrmz

SEPTEMBER 14, 2023

Sanitation and Cleaning Schedules Setting digital schedules with automated reminders, and using digital forms and checklists for cleaning and inspections means a faster, reliable way to ensure your cleaning standards are met.

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Tools Training Inspection Business 148

PennyMac

OCTOBER 10, 2023

A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. Thoroughly inspect safety equipment like smoke alarms, carbon monoxide alarms and home security systems. But first, let’s quickly cover the basics of home appraisals. What Is a Home Appraisal and Why Is It Important?

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

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. Navigating appraisal challenges in today’s housing market.

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Appraisal Valuation Real Estate Modernization 334

Clear Capital

OCTOBER 27, 2022

This inspection-based appraisal waiver program allows lenders to originate certain Freddie Mac-eligible cash-out and rate and term refinance mortgage loans without an appraisal. The PDR is collected at the property by trained data collectors who may be non-appraisers, appraisers, or appraiser trainees. ACE+ PDR saves lenders time.

Training 69

Training Modernization Inspection Valuation 69

DW Slater Company

FEBRUARY 24, 2022

Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. Appraisers have been trained in knowing what to look for.

Tools 78

Tools Inspection Appraisal Technology 78

Clear Capital

AUGUST 31, 2022

Set of Products Includes Property Data Report and Completion Report, Which Is Backed by a Nationwide Network of Trained Real Estate Agents and Brokers. With ACE+ PDR, property information is physically collected on-site by trained data collectors using a Freddie Mac PDR dataset in place of an appraisal.

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Training Valuation Real Estate Modernization 69

GoForrmz

APRIL 26, 2023

If your business has struggled with employees not complying with internal processes pertaining to safety measures, create a standard operating procedure (SOP) that includes authorizations after critical safety training portions, and organize employee training data in individual folders.

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Training Business Construction Inspection 78

Housing Wire

NOVEMBER 30, 2021

The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. The modern appraisal movement is accelerating. Consider that, per recent research by Freddie Mac , 12.5%

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Appraisal Process Modernization Appraisal Valuation 415

GoForrmz

JUNE 20, 2022

Thanks to the modernization of every industry, and as technology advances, we will likely see the number of lone workers rise. Keep your employees up to date on the latest PPE as well, and never hesitate to revisit a full team training if you see any of it being used improperly. ” — EHSToday, citing a TrackPlus survey.

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Training Technology Inspection Business 146

GoForrmz

SEPTEMBER 28, 2023

For example, all the sales records sheets, shipping receipts, and even inspection forms your business already uses can easily be converted into digital data that gives you more powerful insights. Training and Adoption Introducing new technology requires employee training and cultural adaptation.

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Business Brokerage Transportation Inventory 78

Appraisal Today

NOVEMBER 17, 2023

While there is some overlap, being qualified to perform an appraisal requires much more training, education, and expertise, and the job goes far beyond gathering physical data. Myth #3: PDCs are not properly trained or qualified While there isn’t a license, PDCs are still required to be trained and competent to do their job.

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Appraisal Modernization Training Business 69