Lending Market Value Modernization Training 
Housing Wire
AUGUST 31, 2023
However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection.
Birmingham Appraisal
AUGUST 2, 2023
This ensures that the appraiser has undergone rigorous training, meets the state’s education requirements, and follows ethical guidelines in their practice. Look for appraisers who utilize modern tools and technologies to complement their expertise.
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Housing Wire
MAY 20, 2021
Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. An AVM will use this sale record as part of the formula to estimate value.
Housing Wire
MAY 25, 2021
Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Navigating appraisal challenges in today’s housing market. Real estate agents in particular understand local properties extremely well.
Realtor
MAY 15, 2023
Lenders have a vested interest in the home appraisal because it protects them from lending more money than they can recoup should you default on your loan and go into foreclosure. And in 2018, Fannie Mae began testing its hybrid appraisal, a method it had worked on for years to speed up and modernize the traditional appraisal process.
Appraisal Today
FEBRUARY 16, 2024
Never use a lending form (such as a 1004) for estate work. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” For non-lending work like estate work, you can use a good, protective engagement agreement. Yes, appraisers do this. Others are not.
Appraisal Today
FEBRUARY 9, 2024
also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” MORTGAGE LENDING IS VERY, VERY CYCLICAL.
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