Housing Wire

AUGUST 25, 2022

With recent developments from Fannie Mae and Freddie Mac to pursue a more digital appraisal process that could both speed up the process and remove any unconscious bias from it, it is important for industry professionals across the space to stay at the top of their game. Appraisal Modernization: What’s the end game?”

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Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. Sponsored Video.

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Appraisal Buzz

DECEMBER 6, 2021

A natural reaction to this situation, especially when faced with these statistics, is to try and get more appraisers to enter the industry. But this alone cannot solve the underlying issues with the current appraisal process, such as inefficient workflows and analogue data collection. AMCs Driving Tech Innovation .

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Housing Wire

SEPTEMBER 28, 2021

Perhaps AMCs can streamline the appraisal process, said Radke at a panel on the future of valuations, which happened to include Martin Froehlich, chief appraiser of AMC Nationwide Appraisal Network. But they might “circumvent” operations especially when the entire appraisal industry is under fire. Why is that?”.

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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. The software meets the industry’s expectations for swift, accurate valuations with compliance checks and compatibility to meet the new and updated appraisal guidelines.

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Housing Wire

SEPTEMBER 8, 2021

AMCs provide appraisals to lenders by coordinating directly with appraisers, fulfilling the regulatory need for a firewall between mortgage brokers and the appraisal process. Tech-focused AMC Class Valuation has been scooping up AMCs in recent years, and claims to be one of the top five AMCs in the country.

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Housing Wire

OCTOBER 20, 2021

Appraisers have said AMCs introduce inefficiency into the appraisal process, degrade their working conditions and cut into their pay. The appraisal process itself has also come under fire, with growing concern over the role the appraisal process plays in the racial home valuation gap.

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Housing Wire

MARCH 31, 2022

A draft discussion bill circulated this week, sponsored by House Financial Services Chairperson Maxine Waters (D-CA), would strike the Appraisal Foundation , and replace it with an independent federal agency. That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process.

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Housing Wire

JULY 5, 2022

Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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Housing Wire

APRIL 30, 2022

With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves. Before founding Reggora, Brian Zitin and Will Denslow, co-founders, launched a successful real estate brokerage.

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Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). It is imperative to set and adopt a standard that can be applied by appraisers as well as other stakeholders. Technology impacts.

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Housing Wire

JANUARY 18, 2023

Both types of initiatives are important, but no one seems to be talking about how we can get more production out of our current set of appraisers. The quickest way to ensure a faster appraisal process is going to be to learn how to work with valuation providers as partners in the process rather than the way most appraisers feel, adversaries.

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Housing Wire

DECEMBER 1, 2020

Most recently, Allen led the inception and introduction of an in-house innovation lab at Clear Capital to solve challenges presented to the real estate and mortgage industries, with the goal of leaning deeper into innovation in a more accelerated way through focused research, testing and development.

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Housing Wire

NOVEMBER 22, 2023

Another example is the LIDAR that’s now available on iPhones, which adds a whole other dynamic to developing point cloud technology to gather measurements and spatial information about anything that you’re scanning. SR: Years ago, our trademark was “thoughtful change” and that’s how we started this mission of appraisal modernization.

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Housing Wire

MAY 24, 2022

The main benefit of appraisal modernization, according to the first-quarter sentiment survey , is that it will help shorten the loan origination cycle time. One mid-sized lender echoed the opinion of others that appraisals still take too long. The policy now expires on December 31, 2022.

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Boston Appraisal

JULY 13, 2024

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. Not only do they help buyers and potential investors, they are also a major aspect of the appraisal. For a condo unit, things such as the condo fee and what it covers are significant.

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Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? With these tools, appraisers can complete jobs in a fraction of the time and increase their capacity for new work.

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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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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

OCTOBER 18, 2022

Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S.

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Housing Wire

AUGUST 23, 2022

We have been very active in hybrid appraisal pilots and we have seen the benefit of providing accurate, digital data about the property to the appraiser, which has been crucial to adoption. The time and cost savings are significant compared to a traditional appraisal process, which means less burden on the borrower.

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Appraisal Buzz

JULY 15, 2024

I had just returned from college, and back then, there was no appraisal software available. We had to do it ourselves in the beginning, developing our own local software using DOS. It is up to appraisal software companies to develop solutions to provide this specific data set.

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Appraisal Buzz

NOVEMBER 11, 2024

My expertise lies in developing strategies that integrate the latest technology and tools with the appraisers who use them. This integration leverages AI to analyze property photos, automatically identifying and tagging features which streamlines the reporting process and boosts productivity.

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Housing Wire

APRIL 30, 2022

“However, for lenders to take advantage of these benefits on behalf of their customers, they need to navigate new GSE requirements, such as ensuring appraisers have access to a digital floor plan.”. Kenon Chen, Executive Vice President of Corporate Strategy.

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Appraisal Buzz

JANUARY 24, 2022

“McKissock Learning and Incenter Appraisal Management are equally focused on empowering appraisers to remain the key stakeholders in the appraisal process. The company provides pre-licensing, continuing education, license upgrade, and professional development courses to meet customer needs throughout their careers.

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Housing Wire

JANUARY 25, 2022

Digging into the workflow technology a bit further, it’s going to become increasingly important for appraisal management systems to have built-in flexibility for managing new types of workflows. The appraisal process, which isn’t simple to begin with, is becoming even more dynamic.

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Housing Wire

FEBRUARY 10, 2021

“We are excited to work with innovative lenders like Sierra Pacific Mortgage to find ways to take time, touch and cost out of their collateral underwriting workflows,” said Sage Nichols, CoreLogic executive of client and business development.

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Appraisal Buzz

SEPTEMBER 5, 2022

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. Complexity in Process and Properties. When it comes to lending activity, appraisal revisions have always been a part of the appraisal process. Technologies are moving fast.

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DataMaster

FEBRUARY 3, 2021

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

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Mortgagebroker News

OCTOBER 17, 2023

The lender has developed practices that allow it to make the appraisal process as pain-free as possible, according to executive

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Housing Wire

AUGUST 31, 2020

Finding an appraisal management software for real estate and commercial that works the way each individual lender does is difficult – usually resulting in time-consuming configurations, development work and training. The post Global DMS transforms appraisal management software appeared first on HousingWire.

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Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

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Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process.

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Appraisal Buzz

APRIL 8, 2024

AI can analyze vast amounts of data on the blockchain to provide insights, predictions, and even automate certain appraisal processes. For instance, AI algorithms can predict real estate property values based on historical data stored on the blockchain, making appraisals faster and more accurate.

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Appraisal Buzz

MAY 13, 2024

Most, if not all of the complaints stem from “low” appraisals being followed by “high” appraisals – ironically, all of these appraisals were performed by appraisers that lived in close proximity of the subject property and were deemed to have geographic competency.

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Appraisal Buzz

FEBRUARY 7, 2022

Part of the reason why there was no perceived measurable risk attributed to this change in process was because of adapted upfront lender controls that were established, creating guardrails on when inspection relief was appropriate. Appraisers rely on standards of practice and processes. Lenders rely on regulation and policy.

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Housing Wire

JULY 22, 2024

The wider appraisal industry itself is preparing for new appraisal forms, which should be introduced next year. These forms are developed less as a form-filling process and more as an intelligent data collection method.” The way we manage our appraisal process is different,” he said. “We

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