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Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% MORE
Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said. MORE
The finance giant will also begin training home lending advisors and client care specialists in the reconsideration of value process and fair lending issues related to appraisals. MORE
Imagine if the Consumer Financial Protection Bureau ’s Board of Trustees was appointed by industry sponsors who paid a $7,500 fee. In this scenario, the majority of the board would be required to be industry creditors. Getting the appraisal done is a part of that process,” Rice said. “If MORE
Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. We sat down with the host, Josh Walitt, to discuss his upcoming webinar and what we can expect from “ Components of AMC Training ” on June 10th at 2 pm. MORE
There are many biases that can be interjected into an appraisal – racial bias is just one of them and here is my experience. The complexities of the topic have me concerned in overlapping and contradictory ways. TRYING TO MAKE SENSE OF IT ALL. RECONSIDERATIONS OF VALUE. MORE
You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. MORE
This week, appraisal experts said those same variables are having a profound effect on an age-old conflict of appraisal reports versus what the market believes the home is worth. However, Pilgrim said the industry’s expectations are still not within the realm of these new flexibilities. MORE
This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals. MORE
The lack of appraisal data from the government sponsored enterprises took center stage at a Senate Banking Committee hearing Thursday on appraisal bias. Two of the studies the report based its conclusions on used proprietary data from Fannie Mae and Freddie Mac , Toomey pointed out. MORE
If you ever get the chance to visit Pymatuning Lake in PA, which is on the boarder of Ohio and Pennsylvania, make sure to go over to the Linesville Spillway. Hundreds of Carp congregate in the spillway, battling for food. pounds of bread are fed to the carp by each visitor. MORE
Valuation Review caught up with Clear Capital’s Chief Appraiser John Brenan to discuss the topic of Reconsideration of Value (ROV). Read on for more of our conversation MORE
This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. MORE
This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. MORE
This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. MORE
For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. MORE
Appraisers have no way of controlling the apples to oranges dissimilarities. Related Posts: Requests for Reconsiderations.appraisers continue to receive requests for reconsiderations on a daily basis. White Paper: Requests for Reconsiderations The paper states that…. MORE
Challenging the results of the appraisal for mortgage financing. The lender obtains the appraisal to ensure that the collateral is adequate for the loan (remember the three C’s of credit, capacity, and collateral). There should never be any bias in favor of any party, or value. MORE
The Department of Housing and Urban Development ’s long-awaited action plan on appraisal bias outlines administrative actions the federal government will quickly take to address mis-valuations. The report was a collaboration between a bevy of federal agencies. MORE
The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. MORE
No matter how meticulous you are or how good your appraisal reports are, inevitably, you’ll receive complaints about some of your appraisals. The post How to Respond to a Reconsideration of Value Request appeared first on Appraisal Buzz. MORE
Reconsideration of Value Related Topics Appraisal Buzz
NOVEMBER 16, 2021
No matter how meticulous you are or how good your appraisal reports are, inevitably, you’ll receive complaints about some of your appraisals. The post How to Respond to a Reconsideration of Value Request appeared first on Appraisal Buzz.
Riverfront Appraisals
APRIL 2, 2021
This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals.
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Portland Appraisal Blog
APRIL 14, 2019
You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing.
Valuation Review
JANUARY 10, 2022
Valuation Review caught up with Clear Capital’s Chief Appraiser John Brenan to discuss the topic of Reconsideration of Value (ROV). Read on for more of our conversation
Riverfront Appraisals
JULY 29, 2021
This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.
Appraisal Buzz
OCTOBER 4, 2021
There are many biases that can be interjected into an appraisal – racial bias is just one of them and here is my experience. The complexities of the topic have me concerned in overlapping and contradictory ways. TRYING TO MAKE SENSE OF IT ALL. RECONSIDERATIONS OF VALUE.
Housing Wire
MARCH 23, 2022
The Department of Housing and Urban Development ’s long-awaited action plan on appraisal bias outlines administrative actions the federal government will quickly take to address mis-valuations. The report was a collaboration between a bevy of federal agencies.
Riverfront Appraisals
JUNE 13, 2021
This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […].
Appraisal Buzz
JUNE 7, 2021
Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. We sat down with the host, Josh Walitt, to discuss his upcoming webinar and what we can expect from “ Components of AMC Training ” on June 10th at 2 pm.
Appraiserblogs
DECEMBER 21, 2021
Appraisers have no way of controlling the apples to oranges dissimilarities. Related Posts: Requests for Reconsiderations.appraisers continue to receive requests for reconsiderations on a daily basis. White Paper: Requests for Reconsiderations The paper states that….
Housing Wire
MARCH 24, 2022
The lack of appraisal data from the government sponsored enterprises took center stage at a Senate Banking Committee hearing Thursday on appraisal bias. Two of the studies the report based its conclusions on used proprietary data from Fannie Mae and Freddie Mac , Toomey pointed out.
Riverfront Appraisals
JULY 1, 2021
For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
Riverfront Appraisals
APRIL 30, 2021
This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.
Housing Wire
JANUARY 24, 2022
Imagine if the Consumer Financial Protection Bureau ’s Board of Trustees was appointed by industry sponsors who paid a $7,500 fee. In this scenario, the majority of the board would be required to be industry creditors. Getting the appraisal done is a part of that process,” Rice said. “If
Housing Wire
NOVEMBER 30, 2021
Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4%
Housing Wire
AUGUST 11, 2020
This week, appraisal experts said those same variables are having a profound effect on an age-old conflict of appraisal reports versus what the market believes the home is worth. However, Pilgrim said the industry’s expectations are still not within the realm of these new flexibilities.
Housing Wire
APRIL 6, 2021
Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said.
Cleveland Appraisal Blog
MARCH 30, 2021
If you ever get the chance to visit Pymatuning Lake in PA, which is on the boarder of Ohio and Pennsylvania, make sure to go over to the Linesville Spillway. Hundreds of Carp congregate in the spillway, battling for food. pounds of bread are fed to the carp by each visitor.
Appraisal Buzz
FEBRUARY 7, 2022
The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products.
Annarbor Appraisal
SEPTEMBER 6, 2020
Challenging the results of the appraisal for mortgage financing. The lender obtains the appraisal to ensure that the collateral is adequate for the loan (remember the three C’s of credit, capacity, and collateral). There should never be any bias in favor of any party, or value.
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