Housing Wire

SEPTEMBER 12, 2023

MBA cannot control macroeconomic forces, but what we can do is make sure the actions of policymakers help our industry instead of hindering it at a crucial time,” Broeksmit said at the organization’s Compliance and Risk Management Conference this week in Washington, D.C. MBA is also looking ahead to a U.S.

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Valuation Finance Appraisal Inventory 409

Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? HousingWire: What can the industry at large do to support the work of appraisers right now? This is misguided.

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Appraisal Property Taxes Technology Valuation 397

Appraisal Buzz

JUNE 13, 2022

Buzz: What is your background in the industry? My first hybrid appraisal was developed 13 years ago. I sought out to change the way appraisers do business by increasing efficiency and consistency in valuations. Buzz: What have been some significant changes in the appraisal industry in just the last year?

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Valuation Technology Real Estate Appraisal 370

Housing Wire

AUGUST 23, 2022

Desktop appraisals became a permanent option for certain loans earlier this year. HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization. How willing are appraisers to adopt desktop and hybrid appraisals?

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Appraisal Modernization Appraisal Process Technology 365

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. An appraiser may miss that sale through no fault of their own. NO BLANK FIELDS.

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Agents Appraisal Renovations Development 374

Housing Wire

AUGUST 25, 2022

By clearing up these common misconceptions surrounding what collateral valuation solutions are most effective given their lending footprint, lenders can feel more confident about their home equity lending operations. Misconception #1: You need an appraisal every time you do a loan.

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Lending Valuation Appraisal Process Appraisal 389

Appraiserblogs

JANUARY 5, 2024

Appraisers, it seems this past year has been like furiously paddling against a giant iceberg containing frozen lending assignments in the North Atlantic ocean while in a rowboat with one paddle! The entire 2023 has been one chilling episode in terms of mortgage lending appraisal assignments for appraisers.

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Lending Appraisal Mortgage 120

Housing Wire

APRIL 30, 2022

Analyzing Comps can be a pain point for both the client and the appraiser. Historically, appraisers haven’t had visibility into their own peers’ data, even though they’re graded on their consistency with their peers and asked to comment on their peers’ data.

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Appraisal Training Clients Real Estate 369

Housing Wire

SEPTEMBER 23, 2021

Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. Accuracy in these calculations is imperative as square footage is the second-highest driver of a home’s value — location is the first, Clear Capital said. Presented by: Incenter.

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Valuation Technology Appraisal Modernization 384

Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. Have you heard this phrase before — “perfect is the enemy of good”? Or “perfect is the enemy of done”?

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Appraisal Process Appraisal Reconsideration of Value Valuation 375

Cleveland Appraisal Blog

MAY 12, 2022

What does Cubicasa have to do with Copacabana? Then I began to see their videos as well as videos of fellow appraisers who have posted things about this service. I am a huge fan of using technology when appraising properties. If you’re an appraiser, you may have already experienced this. Have you been to the Copacabana?

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Inspection Appraisal Tools Advertising 341

Cleveland Appraisal Blog

OCTOBER 12, 2022

I know, I know… In previous articles, I have exposed the lack of accuracy with their Zestimates. When appraising a property, I usually look to see if there is any information on Zillow about the property I am appraising. Because sometimes as appraisers, we miss comparable sales. What’s wrong with this?

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Market Value Appraisal Clients Marketing 334

Appraisal Buzz

MARCH 21, 2022

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! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke!

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Valuation Appraisal Inspection Technology 370

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. Last year, I appraised a home for a homeowner. When they received their report, they said that my measurements were off because they were lower than what the county auditor reported.

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Appraisal Market Value Contracts Agents 418

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. ” From the National Association of Home Builders (NAHB): “NAHB is a strong proponent of a sound and effective appraisal industry. .”

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Technology Appraisal Valuation Lending 397

Housing Wire

NOVEMBER 18, 2020

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and other COVID-related concerns?

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Inspection Valuation Appraisal Technology 384

DataMaster

SEPTEMBER 29, 2023

In this role, Tossavainen will oversee DataMaster’s day-to-day operations, implement strategies to enhance efficiency, and build upon the company’s vision to grow a technology platform that modernizes the appraisal space. Class Valuation’s recent hire demonstrates its commitment to driving appraisal innovation through DataMaster’s platform.

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Valuation Real Estate Modernization Appraisal Process 148

Housing Wire

NOVEMBER 1, 2023

The senior data scientist at appraisal tech startup True Footage previously worked at REX , a mostly defunct discount brokerage that charged seller fees as low as 2.5% One of the researchers, Will Fried, had a hunch. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

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Clients Agents Buyers Sellers 432

Housing Wire

AUGUST 30, 2022

What about the factors outside of the origination workshop? Some studies suggest the number of active appraisers is steadily declining by an average of 2.6% Lenders need to start evaluating what solutions exist already, determine what would fit their needs best, and be able to conform to fit future needs. Looking Outward.

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Tools Lending Technology Valuation 410

Housing Wire

SEPTEMBER 23, 2021

Appraisers have experienced many challenges in the last couple of years. From juggling high volume demand for appraisals in the middle of a pandemic, appraisers had to radically change their processes. Remote inspections have the power to make homeowners and appraisers more comfortable. Introducing RemoteVal.

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Appraisal Inspection Technology Tools 381

Housing Wire

JANUARY 12, 2023

First, think about your organization’s priorities and what kind of support you need. They can do this by applying advanced technology — digital title solutions, automated inspection and appraisal tools, consumer-facing scheduling apps and eClosing solutions — and working with you to optimize your internal workflows and processes.

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Technology Inspection Valuation Tools 396

Chicagoland Appraisal Blog

APRIL 11, 2021

When Zillow first came out, real estate appraisers would often hear “Zillow says my home value is…” This is usually followed by a cringed face and sigh. To put this debate to rest, o ur lead appraiser John did a sampling of recently appraised homes in Chicago to see how Zillow stacks up against a local real estate appraiser.

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Appraisal Real Estate Real Estate Agent Sellers 135

Valcre

JANUARY 24, 2023

What sets a commercial real estate appraiser apart from the rest? Speed and accuracy. It is therefore the role of a commercial appraiser to meet this demand by investing in a system that will enable them to do more with their data and better showcase their analysis.

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Real Estate Clients Technology Investing 80

Appraisal Buzz

NOVEMBER 29, 2021

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) Know what average home values are in your area. (2)

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Valuation Supply Chain Bracketing Appraisal 370

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. Last year, I appraised a home for a homeowner. When they received their report, they said that my measurements were off because they were lower than what the county auditor reported.

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Appraisal Market Value Contracts Agents 263

Cleveland Appraisal Blog

FEBRUARY 4, 2021

Considering the silly notion that the groundhog’s seeing his shadow can somehow predict future weather, 40% accuracy is not too shabby in my opinion. Zillow, one of the most wide-known AVM’s has stated that their values are not to be considered as appraisals. Here is what Zillow states. Especially in Northeast Ohio.

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Advertising Valuation Appraisal Renovations 198

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Appraisal Inspection Appraisal Process Valuation 135

Genworth MI Blog

FEBRUARY 29, 2024

The mortgage process involves diligence and timeliness to ensure that borrowers can meet their closing date – that diligence is also required to master the appraisal review process. Ensuring you know the ins and outs of the appraisal review is imperative to help your borrowers meet that end goal on time.

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Appraisal Inspection Training Real Estate 88

Appraisal Buzz

SEPTEMBER 12, 2022

What should appraisers know about the state of the iBuying market? Although Zillow has a plethora of data on properties and homebuyers, the data for local neighborhoods is more difficult to obtain and study with accuracy. What’s to Come Next for iBuying? Here’s an overview of current trends. The Upsurge of iBuying.

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Supply Chain Sellers Housing Market Appraisal 195

Appraisal Hub

SEPTEMBER 8, 2023

One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. Let’s delve into the significance of mortgage appraisals and how professional appraisers and reputable appraisal firms can make a difference. An accurate appraisal ensures that the lender can recoup their investment.

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Appraisal Mortgage Mortgage Appraisal Market Value 78

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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Valuation Technology Development Real Estate 276

AmeriMac

FEBRUARY 15, 2024

A home appraisal is an essential step in the home buying or selling process. However, what happens after the initial appraisal is complete? This blog will provide an overview of the home appraisal review process, including why it’s necessary, what to expect, and how to navigate potential discrepancies.

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Appraisal Sellers Market Value Valuation 36

AmeriMac

OCTOBER 15, 2023

Appraisal reviews are often overlooked in the appraisal industry, but they play a crucial role in ensuring that appraisals are fair, accurate, and reliable. In this blog post, we will uncover appraisal reviews’ importance in the industry. They also aid in risk management.

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Appraisal Clients Real Estate Appraisal Process 36

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 86

Miller Samuel

APRIL 27, 2019

The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state. No, it isn't.

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Law Modernization Appraisal Real Estate 367

Genworth MI Blog

JULY 13, 2023

Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. This is true for appraisals, too. Recent trends are surfacing, and more instances of hybrid appraisals are changing how appraisals are conducted.

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Appraisal Inspection HOA Real Estate 78

Hank Miller Team

JULY 2, 2023

Accuracy in real estate listings is more concerning than ever, how a home is represented and described may not always be what a buyer sees. Accuracy in Real Estate Listings Matters: Legal Implications: Providing inaccurate information could lead to legal issues.

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Real Estate Legal Advertising Real Estate Agent 52