AmeriMac

AUGUST 17, 2023

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. We will start by discussing the basics of reverse mortgages and who can benefit from them. Why an Appraisal is Crucial for a Reverse Mortgage?

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Birmingham Appraisal

AUGUST 23, 2023

Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations.

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Housing Wire

MAY 24, 2022

Meanwhile, the Department of Housing and Urban Development (HUD) recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic. The post Lenders see appraisal modernization as a top priority appeared first on HousingWire. The policy now expires on December 31, 2022.

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Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.

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Appraisal Hub

NOVEMBER 30, 2023

Appraisal companies in Toronto, such as Appraisal Hub Inc., They consider various factors like location, property condition, and recent sales of similar properties to provide a reliable valuation. Appraisal services in Toronto, like those offered by Appraisal Hub Inc., is a wise choice.

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Appraisal Hub

MARCH 19, 2023

We have completed thousands of appraisal reports and have become a trusted mortgage appraisal specialist in Toronto. One of our appraisal experts will inspect the property, taking note of any factors that may impact its final value in our report.

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AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Housing Wire

FEBRUARY 8, 2022

For now, however, industry observers are taking a wait-and-see approach with desktop appraisals. Kroll Bond Ratings Agency , in a January 2022 pre-sale report, said they gave a “broad valuation haircut” to all loan pools with appraisal waivers.

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AmeriMac

MARCH 29, 2024

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Meeting these eligibility criteria is the first step in applying for a reverse mortgage.

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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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Appraisal Today

MARCH 15, 2024

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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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 25, 2022

Home negotiations can be deadlocked because of the valuation differences of a property by both prospects and homeowners. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal? Income Capitalization Approach.

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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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AmeriMac

MAY 30, 2021

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. With a desktop appraisal, the value of a home or commercial property is determined without a visit to the actual property itself.

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AmeriMac

MAY 30, 2021

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. With a desktop appraisal, the value of a home or commercial property is determined without a visit to the actual property itself.

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AmeriMac

MAY 30, 2021

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. With a desktop appraisal, the value of a home or commercial property is determined without a visit to the actual property itself.

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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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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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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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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

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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CP Home Appraisals

DECEMBER 12, 2008

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!!

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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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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 Tips Appraisal Law Market Value 78

CP Home Appraisals

DECEMBER 12, 2008

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!!

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Real Estate Appraisal Valuation Mortgage Appraisal 60

Housing Wire

MARCH 21, 2022

Overall, appraisers are excited that a new player has entered the appraisal space. “As As far as Appraisal Direct goes, I want it to succeed in a massive way,” said Matthew Vasicek, chief appraiser at Expert Valuation and Consulting. “It

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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 Today

MAY 19, 2023

Some appraisers may want to become data collectors or do desktops. My first appraisal job was updating data records for an assessor’s office, converting to computerized valuation in the mid-1970s. Some AMCs may use appraisers for data collection at a reasonable fee instead of Uber drivers with 3 weeks of training.

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Housing Wire

SEPTEMBER 15, 2021

HW Annual will focus on All Things Housing, bringing together professionals from real estate, closing, valuations and mortgage to tackle some of the most important topics in the industry, with experts and practitioners to give you the information you can’t get anywhere else.

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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

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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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

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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