Padove Appraisal Service

FEBRUARY 27, 2023

When selecting an appraiser, it’s important to choose someone who is licensed and qualified to perform the type of appraisal you need. Many appraisers’ professional experiences are limited to mortgage appraisals. They may not be familiar with reporting requirement for other appraisal purposes.

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Housing Wire

SEPTEMBER 9, 2020

“For our seller-clients, we were counseling them on how the buyers waive appraisals or waive mortgage contingencies,” Cordano said. “With the influx of New York City buyers bidding these houses up, oftentimes waiving the financing/mortgage/appraisal contingencies was not a difficult thing to ask for and most of them did that.”.

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Agents Marketing Real Estate Buyers 501

McKissock

JULY 28, 2022

There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.

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Appraisal Mortgage Appraisal Real Estate Mortgage 83

Appraisal Hub

OCTOBER 11, 2022

Refinancing – Working with real estate appraisal companies is crucial when refinancing your mortgage or applying for a loan on your equity in the property, as a property’s market value has likely changed since the first mortgage appraisal.

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Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.

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AmeriMac

JULY 11, 2022

How Is a Relocation Appraisal Different From a Mortgage Appraisal? There are a lot of differences between a relocation appraisal and a mortgage appraisal. While a relocation appraisal is done to estimate the sale price of your home, a mortgage appraisal is done to qualify you for home financing.

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Appraisal Hub

JULY 29, 2021

As a result, appraisal firms found an uptick in the demand for residential appraisals due to the pandemic. There is also a higher demand for desktop appraisal services as well as commercial property appraisers in Toronto. Home and Mortgage Appraisals.

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Housing Wire

NOVEMBER 8, 2021

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.

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McKissock

APRIL 20, 2021

But with a majority of the mortgage appraisal volume being engaged through appraisal management companies, as an appraiser, working with AMCs is almost a necessity today. Here are ten tips designed to help you improve your appraiser score, get more assignments close to home, and earn more money working with AMCs.

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Miller Samuel

APRIL 27, 2019

They've been progressive in their quick denouncement of other important issues, like appraisal waivers, so the lack of denouncement against AMCs is curious. This new law only applies to appraisals ordered through AMCs (which control an estimated 80% of U.S. mortgage appraisal volume) for properties in New York State.

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Law Appraisal Real Estate Mortgage 294

McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

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Housing Wire

APRIL 24, 2023

The Mortgage Bankers Association (MBA) filed an amicus brief on Friday in response to the Consumer Financial Protection Bureau (CFPB) and the Department of Justice ‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers.

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Appraisal Valuation Mortgage Legal 373

McKissock

OCTOBER 12, 2021

CE Course: Learn about the differences between traditional mortgage appraisal assignments and foreclosure assignments in our course, Appraising REO Properties. So who would buy this fixer-upper?

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Appraisal Real Estate Buyers Mortgage Appraisal 84

Housing Wire

MARCH 8, 2023

Dubbed the “ Same Day Mortgage ,” the program is aimed at giving a competitive edge to first-time buyers who are competing against the all-cash buyers who make up 28% of home purchases, the lender said. Chicago-headquartered lender Guaranteed Rate has expanded its program to approve loans within 24 hours nationwide.

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AmeriMac

JULY 25, 2022

This article discusses what an appraisal requires, why it needs to be reviewed and the methods involved in arriving at both conclusions. What Is an Appraisal? An appraisal is the fair valuation of a property based on a professional’s opinion, mainly if the payment method includes a mortgage.

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Appraisal Real Estate Valuation Mortgage Appraisal 36

Housing Wire

MAY 24, 2022

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. However, they have several more pressing priorities when it comes to what they’re investing in.

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Birmingham Appraisal

APRIL 11, 2023

As I stated previously, if agents can follow the same methods that an appraiser does when choosing comps there is less likelihood that there will be large differences between the final mortgage appraisal and the contract price. Conclusion These tips for choosing comps are the ones that come to mind immediately.

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AmeriMac

JUNE 20, 2022

Before you can get a reverse mortgage, you need to get an appraisal. Contact us to find out more about a reverse mortgage appraisal. The post What Are Reverse Mortgage Pros and Cons? appeared first on AmeriMac Appraisal Management.

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Housing Wire

MAY 25, 2022

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan.

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Appraisal Appraisal Process Modernization Mortgage Appraisal 449

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together.

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AmeriMac

MAY 30, 2021

This is on top of our many other services that we have to offer, which include: residential appraisals. commercial appraisals. desktop appraisals. reverse mortgage appraisals. We encourage you to reach out to the AmeriMac Appraisal Management team at (866) 395-3773. litigation support services.

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Appraisal Real Estate Mortgage Mortgage Appraisal 36

AmeriMac

MAY 30, 2021

This is on top of our many other services that we have to offer, which include: residential appraisals. commercial appraisals. desktop appraisals. reverse mortgage appraisals. We encourage you to reach out to the AmeriMac Appraisal Management team at (866) 395-3773. litigation support services.

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Appraisal Real Estate Mortgage Mortgage Appraisal 36

AmeriMac

MAY 30, 2021

This is on top of our many other services that we have to offer, which include: residential appraisals. commercial appraisals. desktop appraisals. reverse mortgage appraisals. We encourage you to reach out to the AmeriMac Appraisal Management team at (866) 395-3773. litigation support services.

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Appraisal Real Estate Mortgage Mortgage Appraisal 36

Housing Wire

NOVEMBER 19, 2021

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.

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Appraisal Marketing Mortgage Finance 482

Housing Wire

MARCH 21, 2022

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.

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Appraisal Mortgage Appraisal Process Valuation 428

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there.

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Housing Wire

AUGUST 2, 2022

The Department of Veterans’ Affairs announced last week that it would allow desktop and exterior-only appraisals for some transactions. In a department memo, the VA explained that the move was a response to “high demand for appraisal services and limited availability of appraisers in certain local market areas.”.

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Appraisal Appraisal Process Mortgage Renovations 357

Housing Wire

AUGUST 3, 2022

National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. The AMC today announced the acquisition of AppraisalTek, a Chandler, Arizona-based AMC, for an undisclosed sum. Class Valuation said it would bring on AppraisalTek’s 75 full-time employees.

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Valuation Appraisal Mortgage Real Estate 340

Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2021. “We

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Appraisal Today

MAY 19, 2023

One example is that mortgage appraisal work allows an appraiser to say: “I’m appraising it as repaired,” which is acceptable in some mortgage assignments. It is just logical and professional to know the needs of a job that you’re working on. You need to educate yourself.

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Housing Wire

SEPTEMBER 21, 2021

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.

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Appraisal Property Appraisal Mortgage Lending 440

Genworth MI Blog

JUNE 27, 2019

For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Before we dive into tips and tricks for disputing an appraisal, let’s level-set with a few foundational concepts and terms. A Few Basics.

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Appraisal Appraisal Tips Mortgage Inspection 78

Genworth MI Blog

JUNE 27, 2019

For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Before we dive into tips and tricks for disputing an appraisal, let’s level-set with a few foundational concepts and terms. A Few Basics.

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Appraisal Appraisal Tips Mortgage Inspection 78

Housing Wire

MAY 12, 2021

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. It’s been rejection after rejection for Isabel Williams’ client, a military veteran in Port St. Lucie, Florida.

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Housing Wire

FEBRUARY 8, 2022

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.

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Appraisal Mortgage Appraisal Process Valuation 358

Housing Wire

MARCH 31, 2021

The Consumer Financial Protection Bureau announced Wednesday it is rescinding seven of its temporary policies put in place to protect consumers during the pandemic.

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Housing Wire

FEBRUARY 16, 2022

The Federal Housing Administration announced this week that lenders have an additional year before they must submit appraisals through the FHA Catalyst: EAD Module. Per a mortgagee letter published on Tuesday, the deadline to onboard for lenders has been moved to March 14, 2023.

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