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Accurate Group acquires eMerge Property Solutions

Housing Wire

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. The company claims on its website that the total value of homes it has appraised is over $517 billion since 2010.

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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. The 2010 Interagency Guidelines , provided by the FDIC, offer context for when and how certain valuation solutions can be used in home lending situations.

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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.

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Ginnie Mae digs in on 250% MSR risk weight for nonbanks

Housing Wire

Mortgage servicing rights are vulnerable to high-volatility market conditions, Ginnie Mae said, and MSRs also pose a valuation and liquidity risk. In 2021, non-depository lenders originated mortgages representing 91% of all FHA forward business, up from 57% in 2010, per HUD’s most recent annual report to Congress.

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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.

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Federal agencies raise threshold for smaller loan exemption from appraisal requirements

Housing Wire

In 2010, the Dodd–Frank Wall Street Reform and Consumer Protection Act added special appraisal requirements for higher-priced mortgage loans, including that creditors must obtain a written appraisal based on a physical visit to the interior of the home before making a higher-priced mortgage loan. .

Appraisal 435
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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