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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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The Role of Appraisals in the Mortgage Approval Process

Appraisal Hub

One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. This step is not just a formality; it plays a pivotal role in determining whether or not you get approved for a mortgage. An accurate appraisal ensures that the lender can recoup their investment.

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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.

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Why VA mortgage loans go to the bottom of the stack

Housing Wire

Homebuilders, Williams said, are more concerned with the overall investment, and don’t have the same prejudices toward and misconceptions about VA financing that individuals do. Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing.

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How Residential Real Estate Appraisers Can Benefit and Help Accountants Do Their Job

Birmingham Appraisal

Appraisers can provide detailed property appraisals based on market conditions, comparable sales, and property-specific factors, aiding accountants in preparing reliable financial statements. Accountants often rely on appraisers to assess the potential profitability and risks associated with residential property investments.

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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. billion real estate appraisal services market has cumulatively grown by 32% since 2008.”.

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Meeting these eligibility criteria is the first step in applying for a reverse mortgage.