Remove 2010 Remove Appraisal Process Remove Valuation
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3 misconceptions about using AVMs in home equity lending

Housing Wire

However, many lenders have issues building profitable home equity programs due to some misconceptions about handling valuations in a way that ensures they are underwriting quality loans. Misconception #1: You need an appraisal every time you do a loan. Misconception #2: AVMs are not an accurate way to gauge home value.

Lending 418
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.

Appraisal 397
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. Source: Inc.

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Updated UAD forms are coming

Valuation Review

The Uniform Appraisal Dataset (UAD) is being updated to reflect changes to the appraisal industry since the current version was adopted in 2010. Addressing future appraisal needs and facilitating ongoing digitization in the appraisal process/mortgage industry was also highlighted.

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The Appraisal World is changing, as is UAD and the URAR

McKissock

Despite the UAD being introduced in 2010, the mortgage appraisal forms have largely remained unchanged, and several property types were not part of the UAD. Ken has worked in the Mortgage and Real Estate industry for the past 30 years with extensive experience in loan originations fulfillment, quality control and servicing valuations.

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Don’t Fall for These Real Estate Appraisal Myths

Birmingham Appraisal

Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. Guess what? True, there are many occasions when they do align, however, let me explain why.

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Who Oversees and Regulates Appraisal Management Companies?

AmeriMac

The Role of AMCs in the Real Estate Appraisal Process The real estate appraisal process is complex, with Appraisal Management Companies (AMCs) overseeing appraiser selection and report review. AMCs maintain a diverse appraiser network and assign experts based on property type and location.