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How LOs get into a real estate agent’s circle

Housing Wire

Wells Fargo was doing a program where they would lock the rate indefinitely, so I had three of my clients transition from the builder’s lender to Wells Fargo because they were able to lock in back in March when the rates were still in the 4.0% Amy Breach, Real Estate broker on the Hill Team in Seattle for Keller Williams.

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How retaining servicing provides a competitive advantage

Housing Wire

When rising interest rates and plummeting affordability decimate loan applications, it’s even more difficult. Maintaining the servicing rights of loans originated by the lender is equally as important as those acquired through a purchase. Higher rates mean lower refi volumes, and that should be good for servicers.

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USPAP Myths for Appraisers

Appraisal Today

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. These represent the first changes to USPAP in four years. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

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How To Appraise Rural Properties

Appraisal Today

When I worked for a northern California assessor’s office with rural areas I learned a lot about almond growing (the main crop) and other ag topics. It is not hard to learn the valuation factors. It is not hard to learn the valuation factors. I had niece who had several horses for many years where she lived.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

I was surprised at how negative they were. I was surprised at how negative they were. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. I see very different levels of inspectors. Before Covid, I talked with various AMC upper-level managers who were testing it.

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Appraisers Riding the Waves of Up and Down Mortgage Rates 

Appraisal Today

During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. Now appraisers are not busy, but they should be. Look at this lull as a time of opportunity.

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How to Find Comps With Few Sales

Appraisal Today

I also have some market recap visuals to unpack what’s been happening in 2024 so far. I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed.