Appraisal Buzz

APRIL 2, 2025

New ACI Sky Workbench Platform is Designed to Modernize Appraisal Processes SANTA ANA, Calif. Informed by valuable insights gathered from ACI’s Appraiser Innovation Council, Workbench offers a comprehensive, all-in-one solution designed to enhance appraiser productivity and comply with Uniform Appraisal Dataset (UAD) 3.6

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Housing Wire

JULY 22, 2024

Last April, Erik Morin made a return to the reverse mortgage valuation space by joining appraisal and valuation company Atlas VMS. Morin founded Landmark Network in 2007, a company that quickly became a key player on the valuation side of the reverse mortgage space before being acquired by Class Valuation in 2018.

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Housing Wire

APRIL 5, 2023

Department of Agriculture (USDA), for example, is transforming the mortgage process by moving into the realm of the platform as a service, Dean Daetwyler , director of the systems implementation and management division of the single-family housing guaranteed loan division at the USDA, said. For the U.S.

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Housing Wire

JULY 31, 2023

Jaro was initially developed by Ascent Software Group to streamline the entire appraisal workflow, eliminating the need for redundant steps and external systems. Jaro leverages technology through its intelligent automation capabilities, which are integrated into every part of the appraisal process, reducing turn times and increasing accuracy.

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Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.

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Housing Wire

AUGUST 31, 2021

In today’s mortgage industry, many organizations have a unique real estate appraisal process that fits their exact business model. Unfortunately, most valuation management technologies follow a one-size-fits-all approach, making it difficult for mortgage lenders, credit unions, AMCs and appraisal firms to work together.

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Housing Wire

FEBRUARY 16, 2021

Out of necessity, the pandemic spurred numerous changes in the mortgage process, including appraisals. Reggora is a venture-backed startup that provides software to speed up the appraisal process for mortgage lenders and real estate appraisers.

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Housing Wire

JUNE 22, 2023

Founded by Jillian White , an SRA-designated appraiser with over two decades of leadership experience, the firm offers expertise to non-appraiser stakeholders, including regulators, lenders, and appraisal management companies (AMCs).

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Appraisal Buzz

JULY 15, 2024

Fannie Mae and Freddie Mac are not designing the software for the future, but they have provided the specification for the Uniform Appraisal Data set (UAD) they want to receive. It is up to appraisal software companies to develop solutions to provide this specific data set.

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Appraisal Buzz

APRIL 15, 2024

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. It all starts with the standard appraisal forms used in the mortgage process.

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Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. Typically it is one of the last steps in the home-buying process. How Long Does an Appraisal Take? The appraisal process doesn't take long.

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Appraisal Buzz

JULY 18, 2024

In particular, “ Quality Control Standards for Automated Valuation Models ” will implement quality control (QC) standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuations. The final rule is similar to the proposal issued in June 2023.

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Housing Wire

MARCH 10, 2023

Those options include value acceptance – formerly known as appraisal waivers – as well as “value acceptance plus property data and hybrid appraisals.” Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Housing Wire

MAY 2, 2021

There’s no denying the complexity of the appraisal process. With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience.

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Housing Wire

MARCH 21, 2022

United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house appraisal program. Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program.

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Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Complexity in Process and Properties.

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Miller Samuel

APRIL 27, 2019

After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Seriously, the value-add provided by AMCs to the appraisal process in the delivery of actual appraisals might be 5%, but no chance in hell it is 75%.

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Housing Wire

APRIL 27, 2021

The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. In many of those reviewed, there is a strong desire to keep appraisals and appraisers as key components of the mortgage lending process.

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Appraisal Partners Blog

MARCH 12, 2025

If you’re considering buying a home with an FHA (Federal Housing Administration) loan, you’ll need to understand the specific requirements for FHA appraisals. An FHA loan is a mortgage insured by the Federal Housing Administration. The FHA Appraisal Process Loan Application: The borrower applies for an FHA loan.

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Cleveland Appraisal Blog

AUGUST 25, 2022

You may also have to prove that you have enough income to cover the mortgage on all properties that you own. You can use a mortgage calculator to get a better idea of what you can afford based on the purchase amount and down payment. This should include repairing any structural damage or major systems before you think about design.

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Appraisal Buzz

SEPTEMBER 1, 2021

This partnership will reduce the friction in the bifurcated appraisal process by enabling a seamless integration of property inspection data and analytics in appraisal workflows. We have designed a thoughtful mobile experience for beginners and industry experts alike,” states Capture Data Services’ President, Jon Forrester.

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Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. million armed robbery of a… Certified Appraisers vs.

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Appraisal Buzz

MAY 31, 2022

This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. Throughout, I’ll address current practices and processes of appraisal review, measuring change through observations, and insight as to what is to come.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

To make this determination, the appraiser must first determine the Highest and Best Use of the land. In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. So, what’s an appraiser to do? The HUD 4000.1

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Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.

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Housing Wire

DECEMBER 7, 2023

Exam Prep: The Basic Prelicensing package features three e-books and a course manual designed to help you retain essential real estate concepts and prepare for the state exam. And Exam Prep Plus includes 40 hours a month of Live Q&A with local instructors for a personal, guided approach.

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AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.

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AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.

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Birmingham Appraisal

JUNE 19, 2024

Understanding Confidentiality in Real Estate Appraisal The confidentiality of an appraisal report is a cornerstone of professional appraisal practice. According to the USPAP, appraisers are required to uphold confidentiality to protect the interests of their clients and maintain the integrity of the appraisal process.

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Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

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Appraisal Today

DECEMBER 6, 2024

As an appraiser, it is highly likely at some point you will see the following or a similar request soon after your appraisal is submitted to your client, or even months after your appraisal is accepted by yourclient:Please provide support for your market conditions adjustment conclusions. 4.75% (realtor.com).

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D Fritz Appraisals

NOVEMBER 16, 2023

While an appraisal fee is something you will need to add to your budget or closing costs, the good news is the cost of a home appraisal shouldn’t be a deal breaker. A home appraisal is a key part of the financing portion of any new or refinanced mortgage or loan agreement.

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AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.

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McKissock

JULY 28, 2022

There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.

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D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans.

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Realtor

FEBRUARY 18, 2025

While drive-by appraisals provide a quick and cost-effective way to estimate a homes value, they are not designed to replace traditional appraisals entirely. Role in reducing bias Appraisal bias disproportionately undervalues homes in majority-minority neighborhoods, and it has become a key issue facing the real estate industry.

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Housing Wire

NOVEMBER 30, 2021

Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.

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