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Progress now or perfect later: Improving the appraisal process

Housing Wire

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. housing cannot be accomplished with a focus on appraisal alone.

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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , and the appraisal management company Solidifi U.S. The homeowner applied for a mortgage refinance at Rocket in January 2021.

Appraisal 500
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FHFA to make desktop appraisals permanent

Housing Wire

Thompson said that “frictions in the appraisal process” can slow down the mortgage process, a problem she said is particularly acute in rural communities. Appraisers often spend much of their day driving from property to property, Thompson said. How do remote valuation solutions benefit appraisers?

Appraisal 529
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How Tech is Working on the Solution to the Appraiser Shortage 

Appraisal Buzz

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 .

Appraisal 448
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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What has your experience been navigating the appraisal process? Value Scenarios.

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Real estate appraisals: What agents should know

Housing Wire

Appraisals protect buyers and sellers Buying and selling a home is a financial transaction that involves large sums of money. Appraisals protect both parties by preventing them from making a deal that’s not financially sound. The lender reviews the appraisal Now, the crucial work begins.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete. The process can take even longer if the buyer or seller requests a second appraisal. However, once the appraiser is at the home, it’s generally about five business days,” Masseria estimates.