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Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years.

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Is Valuation Basic? Part 1

George Dell

Basic sequence of valuation is basic: identify problem, gather the “comparable” data, adjust, and report. The Market for Valuation Series, Part 1 How about AVMs? Automated Valuation Models). The post Is Valuation Basic? Appraiser Critical Thinking Market for Valuation

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Valuation Modernization and Appraisers

Appraisal Buzz

Today’s Buzzcast interview is with Cristy Conolly, EVP of Valuation Modernization at Class Valuation. The post Valuation Modernization and Appraisers appeared first on Appraisal Buzz. [link].

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Class Valuation acquires Maine-based AMC PropertyVal

Housing Wire

Class Valuation , one of the largest appraisal management companies in the U.S., To partner with an industry leader like Class Valuation will benefit both our lending and appraisal partners,” Robert Strong, CEO of PropertyVal, said in a statement.

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Valuation Visionary 2022 – Jeremy Staudenmaier

Appraisal Buzz

Today’s Buzzcast interview is with Jeremy Staudenmaier, 2022 Winner of the Valuation Visionary Award. What is the example you want to set for the next Valuation Visionary? The post Valuation Visionary 2022 – Jeremy Staudenmaier appeared first on Appraisal Buzz.

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Class Valuation acquires AMC AppraisalTek

Housing Wire

National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. Class Valuation said it would bring on AppraisalTek’s 75 full-time employees. The acquisition is Class Valuation’s fifth in recent years.

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Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? Collaborative valuation is a natural step in modern appraisal firms.

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What is a Valuation Model?

George Dell

A valuation model may not be a model valuation. The post What is a Valuation Model? Appraiser Bias Critical Thinking Evidence Based Valuation ModelingWhat happened with that sentence? It’s called “equivocation.” Something I learned about in my college English class.

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A Log Home Valuation

Appraisal Buzz

The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? It’s apparent when someone has little to no knowledge regarding log home valuation.

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How U.S. Home Valuations Are Being Subverted

Appraiserblogs

At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations.

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Class Valuation acquires another AMC

Housing Wire

Appraisal management company Class Valuation , a subsidiary of investment firm Gridiron Capital , acquired Kansas City, Missouri-based Pendo Management for an undisclosed sum. We are excited to welcome the Pendo team to the Class Valuation family,” Fraas said.

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Joan Trice sells Valuation Expo and Appraisal Buzz newsletter

Housing Wire

Education media publisher Appraiser eLearning (AEL) bought Valuation Expo and Appraisal Buzz from Joan Trice , who created the two entities about 20 years ago. Appraisals and Valuations IPO / M&A Real Estate appraisal buzz Joan Trice

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VA Alternative Valuation Methods

Appraiserblogs

On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. The post VA Alternative Valuation Methods appeared on Appraisers Blogs.

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Valuation Expo: September 7-9

Appraisal Buzz

Valuation Expo will be hosted at the Mirage Hotel , September 7-9! Make sure to register today for the best conference for appraisers this Fall in Vegas – Valuation Expo! The post Valuation Expo: September 7-9 appeared first on Appraisal Buzz.

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Racial and Ethnic Valuation Gaps

Appraisal Buzz

Today we have Jim Morrison, VP of Marketing and Sales for Allterra Group, Scott Reuter, Chief Appraiser and Director of Valuation of Freddie Mac, and Vivian Li, Senior Manager of Quantitative Analytics of Freddie Mac. The post Racial and Ethnic Valuation Gaps appeared first on Appraisal Buzz.

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Valuation Tech Solutions

Housing Wire

The post Valuation Tech Solutions appeared first on HousingWire. The appraisal process is complex and time-consuming. Lenders and appraisers need technology that will not only help them remain com-pliant, but also reduce turnaround times.

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Bias in Automated Valuation Models

Appraiserblogs

The CFPB is reviewing bias in Automated Valuation Models (AVMs). The mathematical models rely on biased data resulting in inaccurate valuations. The post Bias in Automated Valuation Models appeared on Appraisers Blogs.

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The Coronavirus Home Valuation Test

Appraisal Buzz

Without accurate collateral valuation, lenders could not properly underwrite new loans. The appraiser’s standard is still a valuation that is believable, regardless of whether they get access to the interior of the property or not.

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Gridiron Capital acquires Class Valuation

Housing Wire

Private equity firm Gridiron Capital has acquired Michigan-based appraisal management company Class Valuation from another private equity player, Narrow Gauge Capital , the firms said in a statement on Friday.

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Clear Capital launches APIs to make adopting modern valuations solutions easier 

Housing Wire

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster.

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Class Valuation continues its acquisition spree

Housing Wire

Class Valuation , one of the largest appraisal management companies in America, just made another acquisition. The AMC announced late last week that it has acquired fellow Detroit-based AMC Metro-West and its subsidiary Valuation Link. Appraisals and Valuations IPO / M&A

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Under-Valuations Unrelated to Racial Bias

Appraiserblogs

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals.

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CFPB weighs rulemaking on algorithmic bias in valuation models

Housing Wire

The Consumer Financial Protection Bureau (CFPB) announced Wednesday that it may propose a rule to regulate the use of automated valuation models (AVMs) by lenders and appraisers. The government watchdog is concerned that automated valuation models may reflect bias in design and function.

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The Value of Words in Valuation

Appraisal Buzz

The post The Value of Words in Valuation appeared first on Appraisal Buzz. Summary, What Does it Mean? I do several reviews every month and most normally fail to meet minimum standards.

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Time for UVS (Universal Valuation Standards)?

George Dell

Other valuation types are “waivered” or exempt. Other valuation types are “waivered” or exempt. Appraiser’s foot the bill for much of the valuation world – reviewers, evaluators, programmers, checklist checkers, and unlicensed “valuation analysts.”

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Appraiser-Controlled Desktop and Remote Valuations

Appraisal Buzz

Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! The post Appraiser-Controlled Desktop and Remote Valuations appeared first on Appraisal Buzz.

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Impact Valuation Group is Hiring

Appraisal Buzz

At Impact Valuation Group, we provide clients with reliable high-quality appraisal services in the shortest times possible, thus taking the worry and stress off the borrowers and lenders alike. The post Impact Valuation Group is Hiring appeared first on Appraisal Buzz.

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Statistics: Part of Modernized Valuation?

George Dell

The post Statistics: Part of Modernized Valuation? Modernized Appraisal is a necessary part of coming lending regulation. Some think old methods are just fine. Others think advanced quantitative methods are necessary. What to do?

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The Valuation Expo Experience

Appraisal Buzz

Valuation Expo 2021 had an amazing turnout! Valuation Expo provided attendees endless opportunities to learn, network, and prosper. We got to speak to a few attendees and we asked them what their favorite part about Valuation Expo was and why they keep coming back every year.

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iBuyer Offerpad goes public at $2.7B valuation

Housing Wire

At an assumed $10 per share, that gets you about a $3 billion valuation.”. valuation appeared first on HousingWire.

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Black Knight’s Scout added to Fannie Mae’s new valuation options list

Housing Wire

The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative. The list includes some of the biggest names in the mortgage tech space — Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Fannie Mae ‘s update of its Selling Guide , which occurred earlier this month and includes more options for property valuations, has stirred controversy.

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Tomo raises $40M Series A, hits $640M valuation

Housing Wire

The fundraise more than doubles Tomo’s valuation to $640 million. million seed round for its Canadian real estate valuation platform. The post Tomo raises $40M Series A, hits $640M valuation appeared first on HousingWire.

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Company officer addresses ensuring reliable home valuations

Valuation Review

#automatedvaluationmodels #homevaluations #distressedproperties #increasingAVMaccuracy

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Dispelling the Myths of DIY Valuations

Appraisal Buzz

Todd Rasmussen, President and COO of Equity Valuation Partners, discusses how lenders and financial institutions can sometimes perform their own valuations of home loans on their books. The post Dispelling the Myths of DIY Valuations appeared first on Appraisal Buzz.

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Valuation Regulation — A Simple Universal Solution?

George Dell

This post starts the last in our series on the “five frictions” of valuation reform. The post Valuation Regulation — A Simple Universal Solution? The question we ask : Is there a simple single solution to our convoluted regulation of a simple product?

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StreetEasy launches New York City home valuation tool

Housing Wire

StreetEasy , a real estate platform for buying, selling, and renting homes across New York City and New Jersey, has launched StreetEasy Valuation, an AI-powered home valuation tool. The post StreetEasy launches New York City home valuation tool appeared first on HousingWire.

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Class Valuation acquires PropertyVal

Valuation Review

#ClassValuation #acquisition #PropertyVal #amc

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5 Valuation Methods for Investment in Real Estate

McKissock

When estimating a property’s investment value, there are a variety of real estate valuation methods you can use. Keep in mind that there is no right or wrong valuation method. Valuation methods. The first valuation method is “price per square foot.”

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Join Us for Valuation Expo September 7-9!

Appraisal Buzz

Valuation Expo will be hosted at the Mirage Hotel , September 7-9! The post Join Us for Valuation Expo September 7-9! Buzz Video appraisal appraisal buzz appraisal buzz buzzcast appraiser appraisers appraising buzz video Buzzcast USPAP valuation expo

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Chief valuation officer literally took his act ‘on the road’

Valuation Review

Voxtur chief valuation officer shares unique living/travel experience. Airstreamtrailer #voxtur #appraisernews