article thumbnail

Erik Morin reflects on his return to the reverse mortgage appraisal space

Housing Wire

Last April, Erik Morin made a return to the reverse mortgage valuation space by joining appraisal and valuation company Atlas VMS. Morin founded Landmark Network in 2007, a company that quickly became a key player on the valuation side of the reverse mortgage space before being acquired by Class Valuation in 2018.

Appraisal 438
article thumbnail

The Illogical Reality of Mortgage Appraisal Reviews 

Appraiserblogs

However, beneath this façade of reliability lies a troubling rift: while real estate appraisers must navigate stringent licensing protocols and scrutiny, the individuals reviewing the appraisals often operate with minimal oversight, instead leaning heavily on automated systems and algorithms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reggora Utilizes STRATMOR Study Data for Mortgage Appraisal Evaluation

Appraisal Buzz

of closings are delayed because of the appraisal, and part of the delay is actually within. The post Reggora Utilizes STRATMOR Study Data for Mortgage Appraisal Evaluation appeared first on Appraisal Buzz. One of the statistics that STRATMOR found in a study commissioned by Reggora was that 12.3%

article thumbnail

Reggora Utilizes STRATMOR Study Data for Mortgage Appraisal Evaluation

Appraisal Buzz

of closings are delayed because of the appraisal, and part of the delay is actually within. The post Reggora Utilizes STRATMOR Study Data for Mortgage Appraisal Evaluation appeared first on Appraisal Buzz. One of the statistics that STRATMOR found in a study commissioned by Reggora was that 12.3%

article thumbnail

loanDepot settles appraisal bias lawsuit 

Housing Wire

California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. The settlement requires loanDepot to implement enhancements to its mortgage appraisal policies and procedures within 120 days. But the company hasn’t admitted any fault.

Appraisal 439
article thumbnail

Challenging a mortgage appraisal

Annarbor Appraisal

Remember the appraisal is for the benefit of the lender to ensure there is adequate collateral for the property they are lending on. The post Challenging a mortgage appraisal appeared first on annarborappraisal. If the value remains the same, then it is time to renegotiate or move on.

article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.

Appraisal 397