Housing Wire
JULY 2, 2024
The data provides “updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2021,” the agencies explained. This year’s survey provides new insights into appraisal satisfaction and willingness to move for borrowers with new mortgages,” Brown said in a statement.
Appraisal Buzz
DECEMBER 6, 2021
However, placing the appraiser shortage into a broader context helps us to better understand the causes, as well as the solutions that are already underway to remedy the problem. . According to the Appraiser Institute , more than 10,000 appraisers have left the industry since 2013. AMCs Driving Tech Innovation .
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Housing Wire
AUGUST 21, 2023
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.
Appraisal Today
DECEMBER 2, 2022
Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. Sold 4/1/2013 for $998,000. Completing broker price opinions and Competitive Market Analyses.
The People's Appraisal Blog
JANUARY 30, 2019
They were installed as the “Middle Man” between appraisers and lenders to help insure Appraiser independence and manage the appraisal ordering process. Some appraisers sued the lenders that used JVI and one in particular won his case (no update on if he actually received the monies owed).
Appraisal Today
DECEMBER 23, 2022
Last remodel: 2013. My comments: George continues on his long-time quest to really modernize residential appraisals, not just designing another type of online report or speeding up the appraisal process with AVMs and desktops. Appraisals are ordered after the loan application. Lot: 25 acres. Floor size: 2,500 sqft.
Housing Wire
FEBRUARY 15, 2025
The rule requires lenders to list an inflexible appraisal cost within days of receiving a loan application. If the appraisal ends up costing more, lenders have to eat the expense. Lenders responded by outsourcing the appraisal process to AMCs, which werent subject to the CFPB’s rule. AMCs do indeed take a large cut.
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