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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis capabilities. Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said. How increased regulation presents a huge opportunity for lenders.

Appraisal 423
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

This scope of work is determined by the type of property and the characteristics of the property. Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process.

Appraisal 397
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2023 is the year of action for the housing industry

Housing Wire

Of course, to seize the opportunity presented by any time period, action is necessary. Property Appraisal. I would be remiss not to choose appraisal as the first area that desperately needs action. And yet, 2023 could prove to be one of the greatest turning points for appraisal in decades.

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The fate of HUD

Housing Wire

As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. FHA has had gaps in loss-mitigation oversight of servicers it approved.

Insurance 337
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5 Resources to Save Time and Grow Your Appraisal Business

McKissock

Whether your goal is to work fewer hours and improve your work-life balance or increase productivity and scale your business, there are many technology tools available to help you complete more appraisals in less time. Upcoming webinar: Tame the Chaos with Appraisal Technology that Scales. Sign up now.

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How To Appraise Rural Properties

Appraisal Today

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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AVMs undergo compliance and regulation updates

Clear Capital

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.