Genworth MI Blog
AUGUST 15, 2019
There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. Much faster to complete.
Genworth MI Blog
AUGUST 15, 2019
There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. Much faster to complete.
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Appraiserblogs
MARCH 9, 2023
First, “third party” inspections. Appraisal trainees aren’t good enough, so now we will have unlicensed inspectors going through the homes of unsuspecting homeowners. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan.
Birmingham Appraisal
SEPTEMBER 28, 2022
A phone app would be utilized to post assignments and anyone willing to take on the assignment would grab it and complete the inspection. An example that I have read about that is the basis for this new appraisal inspection process and framework is that of the medical assistant. What is the training of the property inspector?
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.
Appraisal Today
MAY 24, 2024
During my term as an appraisal board member in my state, I encountered several cases in which a mixed-use property or commercial property was appraised as a residential property so a borrower could obtain a residential mortgage. In last week’s newsletter, Dan Bradley’s first name was misspelled as Dave, his brother.
Appraisal Today
OCTOBER 6, 2023
unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. Fannie Mae sees the appraisal process as “inspection + value.” Yet, the idea of sitting at the desk and relying on some stranger to gather the nuances of the property to generate a value is wildly flawed.
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