McKissock

MARCH 8, 2022

McKissock does not endorse any position regarding whether appraisers should accept or reject desktop appraisal assignments. Does USPAP require me to complete an inspection? Must I be competent in the subject’s market area? Does the property need to be measured per ANSI measurement standards per Fannie Mae’s requirements?

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Appraisal Inspection Real Estate Agent Technology 88

Appraisal Today

JUNE 23, 2023

As we all (should) know, any person or company. NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Well written, short, and worth reading. can sue you for any reason at any time.!

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Appraisal Real Estate Valuation Contracts 85

Walitt Solutions

JULY 28, 2019

Have the requirements of the Uniform Residential Appraisal Report (URAR, form 1040/70), the standard lending appraisal form since 2005, become so ingrained in valuation practice that valuers cannot imagine following other processes? Nevertheless, it reminds us of the broad spectrum of scopes of work possible in appraisal practice.

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Appraisal Today

DECEMBER 15, 2023

The bank received Matter Requiring Attention (MRA) notice from the Consumer Financial Protection Bureau (CFPB) on problems with loan discounts, CNBC reported on Monday, citing anonymous sources. How many WFB employees will be required to take any discrimination classes? Often required 5 years of certified experience.

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Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M This headline from May 1980 could be written about today’s market.

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Contracts Appraisal Mortgage Inspection 83

Appraisal Today

JANUARY 4, 2023

Should have retired last year but put it off due to the high amount of requests!”. I have recently been writing about many of these topics since the market changed. My business has been much more stable as I can shift between them when the appraisal markets change, especially fees. Earn a designation or certification (16%).

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Appraisal Today

APRIL 28, 2023

But in today’s tight market, with orders as scarce as hens’ teeth, let’s explore some other approaches to solving this problem. Appraisal 101 would suggest the matched pairs analysis. Some of the more unusual cases will require a more “thinking outside the box” approach. Call the client and have them re-assign the order?

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Appraisal Today

AUGUST 12, 2022

Status requests from AMCs typically require you to log in to their system and go through the process of updating the order status on their website. When the GSEs started purchasing loans from S&Ls in the 1970s, the volume of refis went way up. Only check email twice a day, at designated times. To read all 7 ways , click here.

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Appraisal Contracts Mortgage Business 52

Housing Wire

DECEMBER 16, 2020

The goals for single-family are: 24% of mortgages purchased by the GSEs must be for low-income borrowers, and the low-income refinancing goal is 21%. The goals require 14% of mortgages to be for homes in low-income areas, and 6% of mortgages must be for very-low-income borrowers.

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Clear Capital

JANUARY 5, 2023

It should therefore come as no surprise that nearly every component of the housing and housing finance ecosystems has been impacted in some way by — at a minimum — the past 90 years of legislated unequal access to opportunity. This article originally appeared in Scotsman Guide. Written by Marisa Calderon and Kenon Chen. Troubling research.

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Appraisal Today

MAY 5, 2023

It is more of a complex decision tree or flow chart, where ‘yes/no’ questions trigger new sections and required data and supplements. It is through the use of this decision tree model that the GSEs are able to use the same ‘form’ for almost any residential property type conceivable. A good analysis in one location.

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