McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

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Valuation Property Appraisal Training Appraisal 91

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you. Johnson said.

Technology 384

Technology Appraisal Lending Valuation 384

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

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Appraisal Valuation Finance Training 432

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below.

Lending 99

Lending Appraisal Property Taxes Training 99

Housing Wire

NOVEMBER 12, 2021

Petersburg, Florida, and head of NAR’s Real Property Valuation Committee, pointed specifically to the apprentice training requirement – no comparable requirement exists for real estate agents – as the reason no one is joining a depleted profession in the crosshairs for allegedly racially biased appraisals. We were wrong,” Oppler said.

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Real Estate Agent Real Estate Valuation Appraisal 384

Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. We produce appraisal “reports” not appraisal “forms.” Appraisers will want to make sure that their software vendors can accommodate non-lending work in their new platforms.

Appraisal 397

Appraisal Design Lending Technology 397

Housing Wire

OCTOBER 10, 2022

With increased federally mandated rules and regulatory scrutiny, mortgage lending operations must abide by standard industry practices. This assures credit, compliance and valuation quality and minimizes overall portfolio risk for the lender.

Mortgage 397

Mortgage Clients Training Valuation 397

Housing Wire

JUNE 14, 2021

The migration towards digital mortgages is progressing quickly, and we’re happy to have provided ICE with capabilities to enable fully-paperless lending workflows along with better supply chain connectivity.” ” In the past year, DocMagic has made headlines in the digital closing space.

Technology 397

Technology Supply Chain Training Valuation 397

Walitt Solutions

NOVEMBER 22, 2019

Issues can be from simple one-off human errors that are easily corrected, to organizational weaknesses, such as lack of required procedures, non-compliance with state requirements, and lack of training and documentation. One failure identified recently at an appraisal management company was the lack of training. In short, no.

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Training Valuation Appraisal Clients 28

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. In these responses, I hear a lending industry clamoring for the freedom to use the “new tools” that already exist.

Technology 397

Technology Appraisal Valuation Lending 397

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? Underwriters are trained as desktop underwriters (DUs). It’s not subprime lending. Scaling is hard.”.

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Lending Investors Mortgage Clients 384

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

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Training Technology Real Estate Valuation 352

Housing Wire

APRIL 2, 2021

It also provides IT infrastructure experts, back-office support, and training for the franchisee. How hybrid title and valuations help increase lending efficiency. “The process is quite arduous if you want to start it on your own. .” Streamline by combining services. Presented by: Altisource.

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Insurance Agents Training Valuation 366

Housing Wire

OCTOBER 29, 2021

“Last October, we announced a $30 billion commitment to advance racial equity of which $26 billion is dedicated to expanding affordable housing and sustainable homeownership in underserved communities,” Mark O’Donovan, CEO of Chase Home Lending, said. “In

Appraisal 370

Appraisal Appraisal Process Training Lending 370

Housing Wire

MAY 18, 2021

It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as the four major pain points they want to improve. These programs run the mortgage origination gamut – from valuation and appraisal, to title and closing.

Mortgage 281

Mortgage Training Clients Development 281

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

Appraisal 74

Appraisal Training Lending Land Management 74

Clear Capital

APRIL 30, 2024

In part one of our home equity lending series , we discussed home equity lending and how lenders can use an AVM to market to home equity customers. In this second part, we’ll discuss how to meet interagency guidelines for property valuation while expediting underwriting by using ClearAVM + Property Condition Inspection (PCI).

Valuation 28

Valuation Inspection Lending Real Estate Agent 28

Appraiserblogs

MARCH 29, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. The fact is, Fannie… House Measurement by Property Data Collector Gone Wrong The lender allowed an unlicensed property data collector give bad data to the appraiser.

Property Appraisal 139

Property Appraisal Training Lending Appraisal 139

Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Also known as bifurcated appraisals, hybrid appraisals employ a more streamlined appraisal approach that involves separating the valuation aspect of an assessment from the property inspection portion.

Appraisal 135

Appraisal Inspection Appraisal Process Valuation 135

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The regime has limited its accountability and enforcement systems.

Government 370

Government Appraisal Reconsideration of Value Lending 370

Appraisal Buzz

MAY 9, 2022

The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? It’s apparent when someone has little to no knowledge regarding log home valuation. Most appraisers would gladly take a log home valuation class if it was offered to the public.

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Valuation Legal Construction Appraisal 396

Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Also known as bifurcated appraisals, hybrid appraisals employ a more streamlined appraisal approach that involves separating the valuation aspect of an assessment from the property inspection portion.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

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.

Modernization 72

Modernization Valuation Appraisal Lending 72

Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Also known as bifurcated appraisals, hybrid appraisals employ a more streamlined appraisal approach that involves separating the valuation aspect of an assessment from the property inspection portion.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

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.

Modernization 67

Modernization Valuation Appraisal Lending 67

Birmingham Appraisal

AUGUST 2, 2023

Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

Appraisal 70

Appraisal Agents Valuation Real Estate 70

Clear Capital

NOVEMBER 18, 2021

ClearAVM is an industry-leading, lending-grade AVM that provides reliable and accurate market value predictions. and is designed for situations that demand highly-accurate and efficient results — home equity lending, portfolio valuation or review, and underwriting. What will happen to the previous ClearAVM report?

Valuation 74

Valuation Lending Training Market Value 74

AmeriMac

MARCH 15, 2024

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. These guidelines aimed to address concerns about inflated property valuations and the influence of lenders on appraisers. These changes mandated the use of independent appraisers and helped increase the demand for AMCs.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

DataMaster

APRIL 6, 2021

In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. An appraisal is an unbiased valuation of the fair market value of a home. Lenders make sure that they are lending the right amount of money for a home. Appraisers are highly educated and well-trained.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. Without much training, I have started marketing our newly launched floor plan app specifically on social media. You may be wondering where in the world I’ve been. Did I go dark?

Marketing 300

Marketing Real Estate Agent Real Estate Appraisal 300

Housing Wire

AUGUST 31, 2023

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. More recently, Fannie Mae launched a similar solution. But you already know this.

Modernization 397

Modernization Appraisal Inspection Valuation 397

Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Access our appraisal training courses here.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Access our appraisal training courses here.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Estate settlements.

Appraisal 106

Appraisal Inspection Property Taxes Easement 106

Housing Wire

MARCH 31, 2022

The new Federal Valuation Agency would be responsible for developing real estate valuation standards and appraiser criteria, a function the Appraisal Foundation currently performs. The draft bill also proposed an “Office of Fair Lending” within the new valuations agency, which would report to the head of the agency.

Appraisal 421

Appraisal Valuation Training Government 421

Housing Wire

SEPTEMBER 13, 2023

It makes accessible information that used to be hard to obtain, such as the condition of the backyard, the proximity of a property to a loud road, train tracks, or a body of water as well as the occupancy status of a property. The tool can be paired up with other types of valuation metrics.

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Tools Valuation Inspection Investors 397