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Lenders see appraisal modernization as a top priority

Housing Wire

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. However, they have several more pressing priorities when it comes to what they’re investing in.

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Class Valuation acquires AMC AppraisalTek

Housing Wire

The fragmented and decentralized appraisal management company sector is ripe for consolidation, amid increased regulatory pressures on appraisers and potentially disruptive technological changes. That technology is not just expected to eventually reduce costs, he added, but could also mitigate appraisal bias.

Valuation 393
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.

Appraisal 397
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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

The announcement comes after more than a year’s worth of efforts by the FHA to streamline and modernize their FHA loan origination and claims process. Growing and investing in relationships and communities in the long term is one of the many opportunities presented by stricter fair lending regulations. Learn more here!

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UWM appraisal shakeup makes small splash

Housing Wire

Jody Bishop, president of the Appraisal Institute , said in a statement that “any progress that further evolves client relationships toward using the services of highly qualified designated appraisers is a win.”. “We Lenders] want to be able to react with the market and have more control over our appraisal performance,” said Zitin.

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