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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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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. housing market.

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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WFG reports its highest volume months ever during Q2 and Q3 of 2020

Housing Wire

Patrick Stone was looking both ways when he took steps to launch Williston Fina ncial Group (WFG) in January 2010. By July 2010, WFG already had a national workforce nearing 200, had become licensed in 34 states and was on target to expand its footprint to include more than 40 states by the end of the year.

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The appraisal industry’s governance problem

Housing Wire

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The GSE appraisal data, which goes back to 2010, is unparalleled in its scale. Marcia Fudge.

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Don’t Fall for These Real Estate Appraisal Myths

Birmingham Appraisal

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. Myth #2: Appraisals are the same as the Zillow Zestimate The Zillow Zestimate is a type of AVM (Automated Valuation Model) that takes information that is fed into it and uses it to spit out a value.

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Freddie Mac Appraisal Advice

Appraisal Today

He is a certified general appraiser with more than 30 years of experience in valuation, appraisal and collateral risk management concerns. But tornadoes have been known to occur in every part of the country, including New York City, where a 2010 tornado caused more than $65 million in damages. million Mortgage applications decreased 2.2