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loanDepot settles appraisal bias lawsuit 

Housing Wire

California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. The settlement requires loanDepot to implement enhancements to its mortgage appraisal policies and procedures within 120 days. But the company hasn’t admitted any fault.

Appraisal 437
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MBA: Lenders shouldn’t be held responsible for appraisers’ actions

Housing Wire

Because of rules put in place following the Great Financial Crisis, lenders subcontract the appraisal to third-party valuation companies, which are independent and provide a valuation that often determines whether the loan is funded. Lanham listed technical arguments for providing a valuation of $475,000.

Appraisal 410
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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. Really, appraisers have always thought this way.

Appraisal 397
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How Residential Real Estate Appraisers Can Benefit and Help Accountants Do Their Job

Birmingham Appraisal

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.

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The Top Benefits of Getting a Residential Appraisal in Toronto

Appraisal Hub

Appraisal companies in Toronto, such as Appraisal Hub Inc., They consider various factors like location, property condition, and recent sales of similar properties to provide a reliable valuation. Appraisal services in Toronto, like those offered by Appraisal Hub Inc., is a wise choice.

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What Is Appraisal Review in Real Estate?

AmeriMac

Home negotiations can be deadlocked because of the valuation differences of a property by both prospects and homeowners. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal? This is essential for clients with little to no knowledge about appraisals.

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The Importance of Appraisal Quality Control in Appraisal Management Companies

AmeriMac

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. This is why it’s so important for appraisal management companies (AMCs) to have thorough and reliable quality control protocols in place.