Challenging a mortgage appraisal

Annarbor Appraisal

Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. real estate Realtors Ann Arbor Appraisal Reconside

UWM appraisal shakeup makes small splash

Housing Wire

United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house appraisal program. Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program.

Insiders

Sign Up for our Newsletter

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

VA hikes appraisal fees, turn-times in select markets

Housing Wire

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. Conventional buyers who need an appraisal done quickly can pay a premium. .

Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week.

Like it or not, desktop appraisals are here to stay

Housing Wire

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

Why VA mortgage loans go to the bottom of the stack

Housing Wire

Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. The post Why VA mortgage loans go to the bottom of the stack appeared first on HousingWire.

CFPB reverses pandemic flexibilities, vowing enforcement

Housing Wire

In one of its key decisions, the CFPB said it will roll back its leniency on reporting Home Mortgage Disclosure Act data. The flexible standards allowed for more appraisal options on certain qualifying primary residence loans, including desktop appraisals and exterior-only appraisals.

Rocket Mortgage’s Rachel Robinson to speak at HW Annual

Housing Wire

As the housing economy becomes increasingly digital, appraisal modernization may hold the key to not only providing a better experience for borrowers and lenders but also reducing potential appraisal bias.

Home Appraisal: Why Would a Person Need It?

Appraisal Hub

A home appraisal is an important aspect of buying or selling a residential property. By hiring appraisers in Toronto, you can get an unbiased assessment of your property’s worth and make informed decisions. A property appraisal is necessary because banks need to check the home’s value.

FHA delays mandatory use date for FHA Catalyst appraisal submission

Housing Wire

The Federal Housing Administration announced this week that lenders have an additional year before they must submit appraisals through the FHA Catalyst: EAD Module. What role does appraisal tech have in creating customers for life?

The Benefits of Real Estate Appraisals

Appraisal Hub

Before signing a contract, make sure to have the home appraised. Appraisal companies can provide a professional opinion on the estimated value of the property so you can make better decisions. When should you get home appraisal services in Toronto? Real Estate Appraisal

Types of Appraisals that are in High Demand Due to COVID-19

Appraisal Hub

Many people lost their jobs—and this put homeowner who cannot keep up with their mortgage payments at risk of losing their property. As a result, appraisal firms found an uptick in the demand for residential appraisals due to the pandemic. Home and Mortgage Appraisals.

BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state.

Law 259

How agents are winning bidding wars in America’s most competitive markets

Housing Wire

and I counseled my client to bid accordingly, waive his mortgage contingency, then we bid $1.45 For our seller-clients, we were counseling them on how the buyers waive appraisals or waive mortgage contingencies,” Cordano said.

Agents 399

Agents fight misconceptions to win deals for military veteran clients

Housing Wire

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood?

Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood?

The Importance of Appraisal Quality Control in Appraisal Management Companies

AmeriMac

The results of a real estate appraisal carry major implications for borrowers, lenders, and sellers alike. Ultimately, the goal of an appraisal is to determine a fair and reasonable value for any given property. Common Issues With Appraisal Quality Control. commercial appraisals.

The Importance of Appraisal Quality Control in Appraisal Management Companies

AmeriMac

The results of a real estate appraisal carry major implications for borrowers, lenders, and sellers alike. Ultimately, the goal of an appraisal is to determine a fair and reasonable value for any given property. Common Issues With Appraisal Quality Control. commercial appraisals.

The Importance of Appraisal Quality Control in Appraisal Management Companies

AmeriMac

The results of a real estate appraisal carry major implications for borrowers, lenders, and sellers alike. Ultimately, the goal of an appraisal is to determine a fair and reasonable value for any given property. Common Issues With Appraisal Quality Control. commercial appraisals.

Saving the Real Estate Industry from the HVCC and AMCs

CP Home Appraisals

Once the HVCC, Home Valuation Code of Conduct, is enacted the majority of lender and mortgage appraisal requests will be diverted through Appraisal Management Companies (AMCs). Although this may curb the evils of “lender pressure” on us appraisers, it will also take up to 50% of our fee!! For their role they take a healthy 30%-40% cut off the appraisal fee. Oh yea, AND the appraiser will have to wait 30 – 60 days to get their money.