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Making a modern home from a tract home

Sacramento Appraisal Blog

This owner transformed a tract home built in 2002 into something with serious Midtown modern vibes. How do we value something when it has really […] The post Making a modern home from a tract home first appeared on Sacramento Appraisal Blog.

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What is Appraisal Modernization? Pt 13

George Dell

The word “modernization” has a meaning different from what I thought. The dictionary definitions and explanations focus on the social and even political aspects of […] The post What is Appraisal Modernization? It seems to depend on who is using the word. To me, it just meant “get with it!”

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Lenders see appraisal modernization as a top priority

Housing Wire

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Lenders surveyed also think that modernizing appraisals could help enhance appraiser capacity and lower borrower costs.

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Valuation Modernization and Appraisers

Appraisal Buzz

Today’s Buzzcast interview is with Cristy Conolly, EVP of Valuation Modernization at Class Valuation. The post Valuation Modernization and Appraisers appeared first on Appraisal Buzz. What can we expect in the coming years for the appraisal industry? What are the current market trends? Email comments@appraisalbuzz.com.

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Why appraisal modernization alone is not enough

Housing Wire

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Most would agree (me included) that the appraisal process is long overdue for modernization — a 2022 Fannie Mae survey showed 94% of lenders are in favor of appraisal modernization. However, is appraisal modernization on its own enough?

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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. By shifting to a modern mindset and making diversity central to all lending initiatives, lenders can build strategies that are inherently anti-redlining. Last October, Ameris Bank had to pay $9 million to settle a redlining case.

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Is Appraisal Modernization Stymied?

George Dell

Modernization means bring in modern methods. The post Is Appraisal Modernization Stymied? What are they? Why aren’t they here? Is it really that hard? We have big financial resources. We have motive. We have huge organizations in place. And we have regulatory clout! Competing valuation products, like AVMs (Automated […].