Appraisal Buzz

DECEMBER 2, 2024

This is a concept not unfamiliar to the real estate appraisal professional. What level of data and analysis does an appraiser need to present when providing support for market conditions adjustments? The following is where I have arrived at developing answers: #1. Short answer – No.

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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. Presented by: CoreLogic.

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Appraisal Buzz

SEPTEMBER 30, 2024

Saturday afternoon also featured “Creating Credible and Supported Adjustments” , taught by Steve Kahane, which tackled a common issue for appraisers: developing reliable adjustments in the appraisal process. One of the most anticipated sessions was “AI and the Appraiser” , presented by Jim Amorin.

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Appraisal Buzz

FEBRUARY 7, 2022

The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels. Prior to 2020, the most common appraisal label in the mortgage origination ecosystem was the Full Appraisal.

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Appraisal Buzz

SEPTEMBER 5, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”. Technologies are moving fast.

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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.” I’ve been mostly focused on the present, which is building Atlas.”

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. We produce appraisal “reports” not appraisal “forms.” This scope of work is determined by the type of property and the characteristics of the property.

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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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Housing Wire

MAY 23, 2023

At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. Problems with the current state of appraisals One of the current problems with appraisal is the barrier to entry, said Dawn Svedberg, vice president of sales for Tavant.

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Housing Wire

JULY 9, 2021

Presented by: Propertybase. House valuations come into play at crucial times in the transaction process; they not only bookend the entire journey but also crop up during the time of “appraisal.”. We hear shocking stories of racial discrimination and a variety of other ills during the appraisal process.

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Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract.

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Appraisal Buzz

AUGUST 12, 2024

There is a lot to iron out and effective communication between lenders, AMCs, and appraisers will be crucial during this transition to ensure clarity and efficiency. The dynamic nature of the new UAD and the scope of work concept also present a challenge for appraisers in pricing their services.

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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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Housing Wire

AUGUST 30, 2022

Some studies suggest the number of active appraisers is steadily declining by an average of 2.6% There are additional concerns around addressing the risk presented with natural disasters. If a trusted partner can help share the load, this drives down the technology burden without the onerous runway of long-term development.

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Appraisal Buzz

MAY 9, 2022

So, the real question is: How are appraisers following USPAP and meeting competency requirements if there is absolutely no education on the subject of “Log Home Valuation?” Presently, there are several new rules and regulations that could result in major USPAP violations, but those rules vary upon the state, county and/or township.

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Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Lenders, what’s in it for you?

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Housing Wire

MAY 2, 2022

In October, FHFA Acting Director Sandra Thompson announced at the MBA’s annual conference that Fannie Mae and Freddie Mac would begin permanently accepting desktop appraisals for conventional loans, noting that “frictions in the appraisal process” can slow down turn times, especially in rural areas.

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Housing Wire

JUNE 11, 2021

Continuing in the theme of closing loans faster, Rocket Pro TPO has also recently launched an appraisal fee guarantee for its broker partners. From the onset of the purchase market’s acceleration, the appraisal process presented multiple frustrations for brokers. The new QM jumbo product is open to loan amounts up to $2.5

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Appraisal Buzz

MAY 6, 2024

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.

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Housing Wire

DECEMBER 7, 2023

Students appreciate the well-organized, easy to comprehend content presented by experts in simplifying complex concepts likely to be included in the state exam, as well as the visual aids for assistance with retention and understanding. Colibri’s online prelicensing courses are self-paced. out of 5 stars Rating: 4.5

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Appraisal Buzz

MAY 31, 2022

The first includes development and use of processes to ensure regulatory and policy requirements are being upheld by the business unit originating mortgage products. This three-part series will focus on the first two lines of defense in managing appraisal-related risk with a deeper focus on appraisal review processes.

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Appraisal Buzz

JANUARY 24, 2022

Recognizing the challenges and resistance to alternative appraisal products, we’ve developed RemoteVal to fulfill the promise of an appraiser driven solution that can deliver speed that lenders and consumers want, while keeping the appraiser in control of the process. But – it presents challenges too.

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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.

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Appraisal Buzz

DECEMBER 9, 2024

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. By examining sales over time, appraisers can develop a timeline of how property values have evolved in that area.

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Simonson Real Estate

AUGUST 24, 2020

This allows us to continue to deliver well-reasoned and credible appraisal reports. Our adaptive, hassle-free and convenient appraisal process will provide you with the confidence to make the right business decision for your needs, no matter what the market is doing. Some of this activity appears to have slowed at present time.

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Appraisal Buzz

OCTOBER 25, 2021

Going forward, they will make risk-based decisions as to the level of appraisal needed. Secondly, this will allow technology companies, lenders, and appraisers to develop new processes and technologies around desktops. Appraisal Technology was front and center at this show. This is an unprecedented situation.

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Birmingham Appraisal

NOVEMBER 8, 2022

Because so many people have asked me, “What does a real estate appraisal include?” Appraisal Process. The appraisal process consists of the appraiser visiting the property to collect information to help them complete the report. Next, information about the neighborhood is provided.

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Birmingham Appraisal

FEBRUARY 20, 2024

The Purpose and Components of a Comparative Market Analysis (CMA) The CMA is a tool that real estate agents use to develop a list price for the house they are selling. It is the agent’s version of an appraisal and while it may appear to be the same thing it is different in many ways.

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McKissock

JULY 20, 2021

The licensing laws and regulations for home inspectors do not permit them to develop opinions of property value like appraisers do. A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser. Can an appraisal inspection substitute a home inspection?

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Clear Capital

FEBRUARY 2, 2022

Today’s announcement from Fannie Mae — the incorporation of 1004 Desktop appraisals into their Selling Guide for many new purchase loans — is a big step forward in the journey to a fully modern appraisal process. We applaud this move and are dedicated to supporting lenders in the adoption of 1004 Desktop appraisals.

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Boston Appraisal

JUNE 24, 2019

The Other Side of the Coin: The Appraisal Process Doesn’t Always Reflect the Contributed Value of Green Features. Sometimes, appraisals do not reflect the perceived value of these improvements, to the dismay of building owners. Keeping Up with Green Trends: Appraisers Are Catching Up Quickly.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What are some of the benefits of desktop appraisals?

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Realtor

AUGUST 24, 2017

Plus, even though appraisers are subject to strict regulations, much of their job is subjective, which means it’s crucial for your home to make a good impression on them. Luckily, there’s a lot you can do to help present your home at its best. Develop a critical eye.

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Realtor

AUGUST 24, 2017

Plus, even though appraisers are subject to strict regulations, much of their job is subjective, which means it’s crucial for your home to make a good impression on them. Luckily, there’s a lot you can do to help present your home at its best. Develop a critical eye.

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PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. Understanding the commercial real estate appraisal process is crucial for anyone involved in the buying or selling of commercial properties.

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