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.

Appraisal 370

Appraisal Valuation Technology Real Estate 370

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. What does USPAP say? Short answer – No.

Marketing 352

Marketing Appraisal Development Market Value 352

Housing Wire

JULY 12, 2022

John Bell, deputy director at the VA, said the agency has made strides in recent years to get loans processed and out the door in a timely manner. JB: We just approved a brand new training department for VA. We’re really excited about building this training team out and hiring a contractor to help us put together the materials.

Modernization 370

Modernization Appraisal Process Appraisal Training 370

Appraisal Buzz

JULY 8, 2024

Heck, appraisal modernization was being discussed by FNMA and Freddie Mac in 2016! Moves to modernize The most recent efforts to “modernize” the appraisal process was highlighted significantly due to the years of the pandemic when appraisal turn times and fees reached all-time highs.

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Modernization Inspection Appraisal Technology 367

Housing Wire

MARCH 23, 2021

Over the years the real estate appraisal workforce has experienced a shortage and has fallen behind to attract new entrants to replace those retiring due to high barriers of entry such as training, cost, and licensure regulations. HW: How and why has appraisal management technology evolved over the past year?

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Appraisal Valuation Inspection Modernization 416

Boston Appraisal

JULY 13, 2024

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. This is where a good realtor will also provide essential disclosures such as any potential influences like power lines, train tracks or easements that might be in place.

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Appraisal Process Buyers Appraisal Legal 147

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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Modernization Appraisal Technology Tools 322

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.

Technology 418

Technology Appraisal Valuation Supply Chain 418

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. Not to mention, some appraisers have contracted with PCV Murcor for over 20 years.

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Clients Valuation Real Estate Appraisal 397

Appraisal Buzz

JULY 5, 2021

With that said, appraisers are often tasked with having a knowledge of the local community and the local market — specifically how it affects the quality of a home. Everything from neighborhood sales to unique weather conditions plays a role in the appraisal process. That includes the appraisal process.

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Appraisal Real Estate Construction Appraisal Process 370

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. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

Appraisal 397

Appraisal Design Lending Technology 397

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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Appraisal Process Appraisal Modernization Training 78

Appraisal Buzz

MAY 9, 2022

In recent years, the log home suppliers have developed organizations that have successfully lobbied for lower energy standards in log homes through the International Code Council or wood product organizations. Appraisers should follow USPAP, federal lending standards, and satisfy competency requirements.

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Valuation Legal Construction Appraisal 396

Appraisal Buzz

AUGUST 12, 2024

With the new system, each appraisal may require different data elements and levels of analysis, making it more difficult to establish a uniform pricing model. Appraisers will need to develop a more flexible pricing strategy that considers the specific requirements of each assignment.

Appraisal 370

Appraisal Inspection Lending Training 370

Housing Wire

MAY 23, 2023

We often hear the statistic that the average appraiser is a 57-year-old white male. To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you.

Technology 397

Technology Appraisal Lending Valuation 397

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.

Reconsideration of Value 150

Reconsideration of Value Valuation Appraisal Appraisal Process 150

Housing Wire

DECEMBER 7, 2023

6 months course access Ridgeline: All features of Base + Livestream option and Forms Training 101. Visit Website Overview The Lee Institute School of Real Estate combines professional instruction and video format training to make the concepts of the real estate business more digestible and engaging. 25 hrs livestream access.

Real Estate 434

Real Estate Real Estate Agent Law Brokerage 434

McKissock

MARCH 24, 2022

Update appraiser qualification criteria related to appraiser education, experience, and examination requirements to lower barriers to entry in the appraiser profession. Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process. Not to be outdone, the U.S.

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Valuation Property Appraisal Training Appraisal 91

AmeriMac

MARCH 25, 2021

In fact, in-depth research reveals that appraisal turn times in certain regions like the Pacific Northwest is double that of neighboring regions. Plus, the sudden increase in supply and demand for appraisers resulted in a spike in appraiser fees. Luckily, there are several ways you can shorten the home appraisal process.

Appraisal Process 36

Appraisal Process Appraisal Property Taxes Sellers 36

AmeriMac

MARCH 25, 2021

In fact, in-depth research reveals that appraisal turn times in certain regions like the Pacific Northwest is double that of neighboring regions. Plus, the sudden increase in supply and demand for appraisers resulted in a spike in appraiser fees. Luckily, there are several ways you can shorten the home appraisal process.

Appraisal Process 36

Appraisal Process Appraisal Property Taxes Sellers 36

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.

Technology 150

Technology Appraisal Inspection Appraisal Process 150

Genworth MI Blog

AUGUST 15, 2019

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

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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Agents Appraisal Real Estate Agent Bracketing 92

AmeriMac

MARCH 25, 2021

In fact, in-depth research reveals that appraisal turn times in certain regions like the Pacific Northwest is double that of neighboring regions. Plus, the sudden increase in supply and demand for appraisers resulted in a spike in appraiser fees. Luckily, there are several ways you can shorten the home appraisal process.

Appraisal Process 28

Appraisal Process Appraisal Property Taxes Sellers 28

McKissock

JANUARY 3, 2023

There are other factors that are normally adjusted for in single-unit appraisals which may be of little or no consideration in appraisals of 2-4 unit properties, unless those factors impact the amount of rent a tenant would be willing to pay, or the investor’s bottom line. How to begin when appraising small income properties.

Appraisal 89

Appraisal Tenants Investors Investing 89

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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Appraisal Process Modernization Appraisal Valuation 448

McKissock

FEBRUARY 17, 2023

Be proactive during the interview process by doing your homework and asking good questions to ensure you pick the right supervisor. Here are seven interview questions to help you choose a supervisory appraiser and set yourself up for a successful training experience. What to ask a potential supervisory appraiser 1.

Appraisal 56

Appraisal Training Modernization Technology 56

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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Modernization Appraisal Inspection Appraisal Process 69

Clear Capital

JULY 28, 2021

By attempting to better understand why many are hesitant to contemporize and by comprehending the benefits of implementing appraisal innovations, we can clear up common fallacies and convince appraisers that suggested changes are in everyone’s best interests. who act in prejudiced and unethical ways.

Modernization 69

Modernization Appraisal Training Technology 69

McKissock

FEBRUARY 17, 2023

Be proactive during the interview process by doing your homework and asking good questions to ensure you pick the right supervisor. Here are seven interview questions to help you choose a supervisory appraiser and set yourself up for a successful training experience. What to ask a potential supervisory appraiser 1.

Appraisal 52

Appraisal Training Modernization Technology 52

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

The majority of appraisers only do lender work and are not familiar with Bankruptcy , Divorce and Date of Death Appraisals. Most people, including appraisers, use the same templates and website developers to build their websites. Licensed appraisers are required to complete continuing education every two years.

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Appraisal Appraisal Process Loan Officers Inspection 60

Birmingham Appraisal

AUGUST 2, 2023

Certification and Licensing Appraisal standards and regulations are vital to maintaining the integrity of the profession. It’s imperative to choose an appraiser who is certified and licensed in the state they appraise in. A licensed appraiser demonstrates commitment and accountability to their clients and the industry.

Appraisal 76

Appraisal Agents Valuation Real Estate 76

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?

Valuation 68

Valuation Appraisal Inspection Appraisal Process 68

Dart Appraisal

APRIL 30, 2021

Since an engagement letter serves the same purposes as a traditional contract, it is crucial to carefully lay out the scope of the engagement, any contingencies that must be addressed, and any compliance specifics that need to be addressed in the development of an appraisal report, completion deadlines, and compensation arrangements.

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

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. Moreover, the appraising community is making a conscious effort to catch up with these trends.

Appraisal 78

Appraisal Real Estate Market Value Technology 78

AmeriMac

DECEMBER 30, 2023

Role of REO Appraisals in Real Estate Transactions In urban development and the real estate market, REO appraisals play a crucial role by providing the appraised value of homes and determining the sales price. Accurate appraisals are vital for facilitating smooth real estate transactions.

Real Estate 36

Real Estate Appraisal Inspection Valuation 36