Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. The appraiser will be led through a process, defined by the scope of work. If typewriters are no more, it is time for forms to be retired as well.

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Appraiserblogs

MARCH 29, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. The fact is, Fannie… House Measurement by Property Data Collector Gone Wrong The lender allowed an unlicensed property data collector give bad data to the appraiser.

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National Association of Realtors

JULY 19, 2022

NAR wrote to the Appraiser Qualifications Board of the Appraisal Foundation urging it to revise the real property appraiser qualification criteria to require fair housing and valuation bias training for both qualifying and continuing education.

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

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The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

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McKissock

DECEMBER 4, 2020

Appraisals attempting to mimic a 3–6 month market trend are often inadequate.” ” “The Central Texas market is experiencing a shortage in housing supply and I’ve seen a smaller portion of my valuations reaching the sales price. This is common and I’ve received more review appraisal requests.”

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McKissock

NOVEMBER 3, 2020

One of the biggest mistakes that some appraisers make is giving in to the fear that by hiring a trainee, they’re grooming a future competitor. It’s more to your advantage to look at it as training a productive employee. Or you might just not like the process of training other people. Looking to upgrade your appraisal license?

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. The report serves as an official document that provides an objective assessment of the property’s market value.

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AmeriMac

APRIL 15, 2023

In this blog, we will cover what a commercial real estate appraisal is, how it differs from residential appraisals and the different types of commercial real estate appraisals. We will also discuss the various factors that impact commercial real estate valuations.

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Housing Wire

AUGUST 31, 2023

A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics.

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AmeriMac

NOVEMBER 30, 2023

In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised. A certified appraiser can provide an opinion of value for office buildings.

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Real Quantum

AUGUST 3, 2022

Realquantum, the revolutionary web-native commercial real estate appraisal platform company, announced today that the national appraisal and consulting firm, WestRock Appraisal Services, Inc., WestRock) has engaged Realquantum to help them streamline their commercial property valuation practice. ABOUT REALQUANTUM.

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McKissock

JANUARY 18, 2022

Get insights and trends to help you grow your appraisal career. Download your free copy of the latest Appraisal Income Guide. In a 2020 Voice of the Appraiser study by Valuation Review , 46% of appraisers listed low fees as the greatest concern for their profession. Income property appraisal.

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Appraisal Law Valuation Review Real Estate 82

Appraisal Today

JUNE 23, 2023

It is rumored that FHFA approached both GSEs and asked them to “find solutions” to the “appraisal bottleneck.” Both Fannie and Freddie insist that appraisers remain an integral part of the valuation landscape and demand for appraisal services will continue into the future.

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Appraisal Real Estate Valuation Contracts 87

Empire Appraisal Group

MAY 9, 2024

New Requirements Aim to Reduce Appraisal Bias The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations. Also, underwriters should be trained to identify and remedy appraisal deficiencies, including racial and ethnic bias.

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Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Boston Appraisal

OCTOBER 27, 2023

In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate property appraisal in a divorce case. Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date.

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Clear Capital

MARCH 4, 2022

Appraisers take photos, measure for square footage, evaluate the property’s condition, and use various public data sources to develop an opinion of value. . With a desktop valuation, appraisers use extensive data gathered by third parties and public records in place of a physical inspection to complete the appraisal.

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Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. which can relate to valuation. I don’t know if Realtors can be re-trained to see value rather than price. I speak with a lot of Realtors and many are not oriented the same as appraisers. They provide CMAs, etc.,

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Housing Wire

JULY 29, 2021

The Property Appraisal and Valuation Equity task force will deliver a report to Biden within six months to describe the “extent, causes, and consequences of undervaluing of properties,” a HUD official told HousingWire. Many appraisers say disparities in valuation are caused by factors outside their control.

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Clear Capital

MAY 24, 2022

Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. What is an AVM in Real Estate ? .

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Appraiserblogs

JUNE 22, 2021

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages.

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Boston Appraisal

JUNE 24, 2019

Sometimes, appraisals do not reflect the perceived value of these improvements, to the dismay of building owners. This is due in part to the fact that, to establish the market value of a property, appraisers must present in their report comparables with similar features to support the opinion of value.

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Housing Wire

MAY 1, 2024

“Today, we are announcing a new step in our work to root out racial and ethnic bias in home valuations, which will give borrowers greater ability to have their home valuation reconsidered.” These disclosures must be provided at both the time of mortgage application and at the presentation of the appraisal.”

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Housing Wire

NOVEMBER 30, 2021

After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% We need more science and less art.

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Walitt Solutions

MARCH 29, 2020

Walitt Solutions encourages appraisers, firms, vendor management companies, lenders, and other interested parties to continue to monitor changes and resources in the valuation industry related to the COVID-19 novel Coronavirus and impacts of the national emergency. ” “Desktop Appraisal Valuations.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Clear Capital

JANUARY 5, 2023

As a first-time buyer, unless you are among the 6% who purchase their homes entirely with cash , you are likely financing the transaction and your mortgage lender will require an appraisal. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. points for Blacks.

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