Housing Wire

FEBRUARY 18, 2022

To some degree, appraiser capacity issues can be mitigated by modern appraisal products like desktop and hybrid appraisals. The creation of the PAVE Task Force and the imminent publication of its findings may very well create shockwaves in the entire lending arena. It’s my hope that appraisers can be part of the solutions.

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Training Valuation Appraisal Real Estate 384

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.

Modernization 397

Modernization Appraisal Inspection Valuation 397

Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. Today’s Selling Guide update for 1004 Desktop appraisals signal the industry-wide adoption of modern appraisal methodologies.

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Modernization Appraisal Appraisal Process Inspection 69

Appraisal Buzz

APRIL 15, 2024

Appraisers will want to make sure that their software vendors can accommodate non-lending work in their new platforms. Appraisers will want to avoid having two software platforms, one for lending, and one for non-lending. Again, appraisal software companies will compete for meeting these needs as well.

Appraisal 397

Appraisal Design Lending Development 397

Housing Wire

APRIL 20, 2021

This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. These entities make many other comments about technology, workforce options, modernization and the need for change.

Technology 397

Technology Appraisal Valuation Lending 397

McKissock

MARCH 6, 2023

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Announcement SEL-2023-02 also sets forth requirements for these third-party inspectors, e.g., they must be professionally trained and undergo a background check.

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Modernization Valuation Appraisal Lending 72

McKissock

MARCH 6, 2023

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Announcement SEL-2023-02 also sets forth requirements for these third-party inspectors, e.g., they must be professionally trained and undergo a background check.

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Modernization Valuation Appraisal Lending 67

McKissock

MARCH 24, 2022

Require appraisal anti-bias, fair housing, and fair lending training for all appraisers who conduct appraisals for federal programs and work with the appraisal industry to require such trainings for all appraisers. Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

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Valuation Property Appraisal Training Appraisal 91

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. Underwriter/risk training – examine whether your staff has sufficient awareness and training on manufactured housing.

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Construction Loan Officers Training Lending 148

Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. No doubt, investment in modernization is needed in the appraisal process.

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Modernization Appraisal HOA Valuation 335

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. Underwriter/risk training – examine whether your staff has sufficient awareness and training on manufactured housing.

Construction 78

Construction Loan Officers Training Lending 78

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.

Appraisal 70

Appraisal Agents Valuation Real Estate 70

Appraisal Today

APRIL 19, 2024

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. Private Money Lending – fast turn times, high fees. Their role is to provide impartial, data-driven opinions of value.

Appraisal 67

Appraisal Contracts Valuation Design 67

Clear Capital

JUNE 28, 2022

Each API connects directly into existing systems through a single integration for lenders, investors, and system providers, making it easier to adopt and deploy modern property valuation solutions. ” Over the past year, the government-sponsored enterprises (GSEs) have made sweeping changes around modern valuation solutions, and ?? .”

Valuation 69

Valuation Modernization Real Estate Investors 69

Walitt Solutions

JULY 28, 2019

During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending. Are these “other” inspection-and-valuation processes appropriate for lending? But is this so-called “new” process really new at all?

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Appraisal Inspection Valuation Lending 28

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. To contact the author of this story: Steve Gaenzler at steve.gaenzler@radian.com.

Appraisal 491

Appraisal Valuation Technology Training 491

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. Ultimately, the FHFA’s RFI on appraisal modernization has given all participants in the mortgage transaction chain an opportunity to step into the future.

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Appraisal Valuation Real Estate Modernization 370

Appraisal Today

JULY 28, 2023

Tired of working for AMC/lenders with their UAD, forms, “modernization”, words to not use, etc? Activities through the rest of 2023 and during 2024 will include software development, system updates and testing, and the kick-off of training for appraisers, AMCs, and mortgage lenders. Try doing non lender appraisals.

Appraisal 79

Appraisal Contracts Mortgage Clients 79

Housing Wire

MARCH 28, 2022

Now, after two years of drinking from a firehose, mortgage lenders must pivot once again to succeed in the vastly different lending landscape that lies ahead. Lenders’ focus on tightly managing margins was replaced by the need to triage an unprecedented surge in refinance volume, which led to a record-shattering $4.3 trillion in U.S.

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Marketing Real Estate Agent Business Transportation 370

Housing Wire

OCTOBER 20, 2023

Sharing your success lends to your credibility as an agent. Who knows, this might help someone kick start styling their own home, which could result in them reaching out to you because you share a love for mid-century modern or boho minimalist style. These should be posted in addition to testimonials.

Real Estate 410

Real Estate Agents Real Estate Agent Clients 410

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = The reality is you don’t know what you don’t know, especially if you’ve never done non-lending appraisals.

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Appraisal Business Contracts Real Estate 52

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 107

Appraisal Real Estate Appraisal Process Market Value 107

Appraisal Today

FEBRUARY 24, 2023

Even the larger appraisal firms (with deep pockets) who’ve spent the last few years aggressively training and recruiting appraisers, acquiring small appraisal firms, and rolling up their competitors have rapidly changed their tone. AMCs had taken over the mortgage-lending work. Budget cuts. Retraction.

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Appraisal Architecture Valuation Business 52

Appraisal Today

FEBRUARY 16, 2024

Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. This differs from residential, where small independent appraisal companies do most of the training. To read more about the 4 ways, plus information on why I take ads, etc.

Appraisal 79

Appraisal Contracts Training Architecture 79

Appraisal Today

NOVEMBER 17, 2023

While there is some overlap, being qualified to perform an appraisal requires much more training, education, and expertise, and the job goes far beyond gathering physical data. Myth #3: PDCs are not properly trained or qualified While there isn’t a license, PDCs are still required to be trained and competent to do their job.

Appraisal 69

Appraisal Modernization Training Business 69

Housing Wire

JUNE 28, 2021

A variation of the conduct code was inserted into the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, and the modern AMC was off and running. The value add is compliance, more than anything else,” said Shashank Shekhar, CEO of Arcus Lending. You start becoming trained to look in a different way.

Appraisal 410

Appraisal Valuation Business Contracts 410

Clear Capital

MAY 24, 2022

As a leading real estate technology company, Clear Capital pioneers new advances in AVMs for mortgage lending. Get an AVM for mortgage lending with current property data and speed. AVM providers need home sale prices to train their automated valuation model. We have almost 3 billion property records in our real estate database.

Housing Market 69

Housing Market Valuation Marketing Real Estate 69

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B AI has to be trained on good data. billion tax fraud scheme. Right now, nothing compares to it.”

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

FEBRUARY 9, 2024

The government and those that write the rules also state the purpose of an appraisal is to determine the value of the home/property in its market setting, so an underwriter can make a lending decision. Back in the day, this protected the lender from lending more than the home/property is worth. MORTGAGE LENDING IS VERY, VERY CYCLICAL.

Appraisal 79

Appraisal Contracts Insurance Construction 79

Housing Wire

JUNE 22, 2022

Emanuel Cleaver of Missouri asked the Government Accountability Office (GAO) to review the OCC’s fair lending oversight. The GAO also tracked the number of fair lending examinations the OCC performs each year, finding they have dropped off significantly since 2018. Democratic lawmakers Rep. Joyce Beatty of Ohio, Rep.

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Lending Training Government Modernization 397

Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. They are working closely with FHFA on how to handle the risk associated with that—things like accuracy, condition, default risk, fair lending, and city vs rural. There will be detailed training requirements and background checks.

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Appraisal Contracts Design Mortgage 62

Housing Wire

JUNE 14, 2022

Starting in 2023, Freddie Mac said it will look at expanding the use of its automated collateral evaluation for mortgages with loan to value ratios greater than 80% through a targeted lending program. Fannie Mae also included efforts to “modernize” appraisals in its equity plans. Fair housing, are you kidding me?”.

Appraisal 370

Appraisal Valuation Inspection Law 370

Clear Capital

SEPTEMBER 29, 2021

Clear cCapital just announced that we have acquired a Finnish proptech startup called CubiCasa and CubiCasa is incredibly exciting technology that enables anyone with a smartphone and no training to do a 10-minute walkthrough a property and get a fully detailed, accurate floorplan with gross living area. Kenon Chen. Jeff Allen. Kenon Chen.

Sellers 69

Sellers Agents Real Estate Buyers 69

Clear Capital

DECEMBER 14, 2021

But then she now is part of a pretty amazing startup, focusing on revolutionizing the lending experience — being a digital lender — called Tomo. But when it comes to buying a home, the part that is the worst, that is the train wreck of the home transaction is by far mortgage. And we want to hear more about that.

Real Estate 69

Real Estate Mortgage Agents Business 69

Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. The market changing again with increasing interest rates, in the inevitable ups and downs of mortgage lending. Mortgage lending from the 1870s to today.

Construction 52

Construction Appraisal Modernization Contracts 52

Appraisal Today

SEPTEMBER 9, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (10 years ago). But ROVs, Tidewater initiatives, upset owners, and those who will play the racist card will be omni-present. Have a bulletproof workfile is a great way, too.

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Reconsideration of Value Appraisal Clients Contracts 52

Will Springer Realtor

NOVEMBER 10, 2023

Clarence Stone, from American Political Science Review, offered this after reading Privatopia: “For those genuinely concerned with the moral fiber of modern America, they might well heed McKenzie’s warning about uncritically accepting the privatization of citizenship in an income-segregated society.” metros, according to ATTOM. Various times.

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HOA Buyers Law Supply Chain 36