Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. Balancing supply and demand is a delicate dance between new construction and existing properties.

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Housing Wire

JANUARY 3, 2022

According to Clear Capital, the tool uses computer vision technology to highlight the right files automatically so underwriters can make more efficient and informed decisions. Presented by: Accurate Group. At the moment, the technology is being piloted internally. According to a recently published study by the U.S.

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Appraisal Buzz

JULY 25, 2022

I provide short and long-term consulting services related to valuation, education, review, and investigations. Buzz: In what ways is new technology impacting the future of appraisal industry in regards to this new process? Buzz: What is your background in the industry? Josh Walitt: I’m the principal consultant for Walitt Solutions.

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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.

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Appraisal Buzz

FEBRUARY 7, 2022

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.

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Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. However, it was deemed as too challenging technologically so it languished. Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation.

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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.

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Appraiserblogs

MARCH 7, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It’s time to grab your popcorn and… The post Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

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Housing Wire

JANUARY 31, 2021

HousingWire recently spoke to Bryan Bellacosa, first vice president of product management and information technology at ServiceLink, about the outlook for servicers in 2021. When auction is the optimal disposition strategy, it uses current valuations and data modeling to determine the optimal auction sale price and timeline.

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Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. I had niece who had several horses for many years where she lived. By Dallas T.

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Clear Capital

SEPTEMBER 13, 2023

Well, with the introduction of inspection-based appraisal waivers to the market, you can! This blog post discusses what an inspection-based appraisal waiver is, how these programs benefit underwriters, and how you can easily get started with these programs to streamline and expedite your underwriting. What is an appraisal waiver?

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Clear Capital

FEBRUARY 2, 2022

Today’s Selling Guide change presents a great opportunity for mortgage lenders and the borrowers they serve. Modern valuation products like 1004 Desktop appraisals enable an appraisal process that is cost- and time-efficient without sacrificing quality or thoroughness. What are the benefits of 1004 Desktop appraisals?

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Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates.

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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. The use of a non-appraiser to inspect a property can be concerning for some.

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Appraisal Today

OCTOBER 20, 2023

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. If neither are available, the lender must obtain either a Label Verification Letter with the HUD Certification Label(s) information or duplicate HUD Data Plate/Compliance Certificate from the Institute for Building Technology and Safety.

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Clear Capital

MARCH 4, 2022

A desktop appraisal , also known as an appraisal without an onsite inspection, is a faster way to complete an appraisal for a home loan. In traditional appraisals, an appraiser visits the property to complete an inspection to collect property data to assist in determining the home’s value. What is a desktop appraisal?

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Housing Wire

MAY 25, 2021

Presented by: PCV Murcor. In these scenarios, no inspection or appraisal of any kind is performed on the property. In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process. Further compounding the diminishing pool of appraisers is the increasing demand for their services.

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Appraisal Today

APRIL 14, 2023

Indemnification Clauses: What Appraisers Should Know Excerpts: When adding an appraiser to their appraisal panel, a lender or an appraisal management company (AMC) will present the appraiser a 5-15 page long “Appraisal Services Agreement” or “Appraiser Engagement Agreement” for the appraiser’s signature. Worth reading.

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Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

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McKissock

JULY 28, 2022

The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time. Consider all the technological advances since 2005: Apple released the iPhone, the first touchscreen smartphone. What exactly does this mean?

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Clear Capital

SEPTEMBER 21, 2021

With the technology available today, it’s certainly strange that GLA and square-footage measurements can still be somewhat subjective, especially since square footage is the second-highest driver of a home’s value (the first being location). Figure 3 — Large open-to-below areas are represented as non-living areas in red. Reliability is key.

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Housing Wire

AUGUST 29, 2022

And then we just embrace technology. When you look back during the pandemic, the appraiser community, they were the ones who risked their health, who risked their families’ health, going into strangers’ homes to do inspections. It’s going to require more of a comfort with modern technology than it has in years past.

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Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” And it’s a technology we’ve been using as a customer for about a year. And that that paper is called, “Racial and ethnic valuation gaps in home purchase appraisals.”

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The Robert Weiler Company

NOVEMBER 10, 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. How’s the IT infrastructure, and how well enabled is the building from a technology perspective to handle remote work and hybrid work/home flexibility?

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