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Seeing is Believing: How using computer vision can become a best practice for all loans

Appraisal Buzz

According to Epoch research , “Since 2010, the amount of training computed for machine learning models has grown by a factor of 10 billion, significantly exceeding a naive extrapolation of Moore’s Law.” They also are using computer vision to validate third-party valuations prepared by appraisal management companies.

Valuation 368
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Cost Approach in Fifteen Minutes or Less

Appraisal Buzz

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) In 2010, I was still puzzled by the reticence of many appraisers to embrace the Cost Approach as it increases our level of credibility.

Valuation 370
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The appraisal industry’s hidden hand

Housing Wire

But they did not become key players in the home valuation industry until the recent housing bubble.”. The outcome was a settlement, the Home Valuation Code of Conduct, or, as appraisers swiftly dubbed it, havoc. That’s at least what the AMC trade group, the Real Estate Valuation Advocacy Association , contends.

Appraisal 435
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation.

Appraisal 397
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Editorial Advisory Board Outlook: Insights From Economist, GSEs

Appraisal Buzz

Benjamin Gottheim, VP, Servicing Policy, Single-Family Portfolio & Servicing, Freddie Mac Freddie Mac VP, Servicing Policy, Single-Family Portfolio & Servicing Benjamin Gottheim Benjamin Gottheim joined Freddie Mac in 2010 after spending several years purchasing and servicing nonperforming loans in the private market.

Appraisal 221
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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

Also, the DEO said it is implementing 20 projects to modernize its systems, and 97% of all eligible benefits requested before Oct.15 In 2010, the Treasury launched the Hardest Hit Fund (HHF) program. His house value is estimated between $390,000 and $440,000, according to various automated valuation models.

Mortgage 418
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Clear Capital Announces Updates to Universal Data Collection to Align with Uniform Property Dataset

Clear Capital

By reducing the volume of required data, UDC streamlines the collection process for inspection-based valuation and delivers UPD-compliant data, removing complexities and making property data collection review and underwriting easier and more efficient for mortgage lenders. UDC has now been updated to gather and deliver the UPD.