Housing Wire

OCTOBER 20, 2021

Al Goldstein, a co-founder of StoicLane, said the holding group wants to support LVS’s objective to “grow into one of the largest appraisal management companies in the U.S.”. Goldstein founded StoicLane in September alongside Matt Foran and Jake Nice to invest in finance, insurance, and real estate businesses.

Appraisal 370

Appraisal Valuation Appraisal Process Finance 370

Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

Appraisal 482

Appraisal Valuation Modernization Appraisal Process 482

Housing Wire

DECEMBER 7, 2021

Fortunately, many of the tech solutions that were born out of the pandemic are here to stay, including desktop appraisals which the Federal Housing Finance Agency recently announced will become permanent. . “On HousingWire: How is a strong focus on technology especially important during this current sales boom?

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Appraisal Marketing Appraisal Process Technology 497

Housing Wire

DECEMBER 21, 2023

This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements. REALITY: Sometimes people need to finance multiple properties at once, as in the case of active-duty military personnel who receive transfer orders.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Simonson Real Estate

JULY 10, 2020

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? Contact him today!

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Housing Wire

AUGUST 2, 2022

Exterior-only appraisals could help in cases where accessing the property could be difficult or “cause undue delay” in the appraisal process. In order to have the alternative appraisal options, lenders must be approved to participate in the VA’s Lender Appraisal Processing Program.

Appraisal 370

Appraisal Appraisal Process Renovations Finance 370

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.

Modernization 418

Modernization Valuation Property Taxes Appraisal 418

Housing Wire

DECEMBER 4, 2023

While the minimum down payment for FTHB on conventional financing stands at 3%, bearing agent commissions would effectively double this threshold in many instances. Determining property values involves analyzing several variables beyond just sale prices.

Real Estate Agent 468

Real Estate Agent Real Estate Sellers Agents 468

Housing Wire

JULY 15, 2024

Fawaz said alternatives to the conventional appraisal process can reduce time and costs. In June, the Federal Housing Finance Agency (FHFA) announced a conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program.

Appraisal Process 448

Appraisal Process Valuation Government Mortgage 448

Housing Wire

APRIL 5, 2023

House of Representatives passed a bill in September that streamlines the appraisal process for VA mortgage loans. The legislation is an important first step toward broad modernization of the VA appraisal process and could make veterans’ home purchase offers more viable, the MBA said. “We

Technology 396

Technology Appraisal Process Modernization Appraisal 396

Appraisal Buzz

JUNE 26, 2024

An Overview of CFPB Efforts The new rule approved today mandates that businesses using these algorithmic appraisal tools implement safeguards to prevent data manipulation, maintain high levels of confidence in home value estimates, steer clear of conflicts of interest, and adhere to applicable nondiscrimination laws.

Appraisal 391

Appraisal Tools Appraisal Process Real Estate 391

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.

Modernization 501

Modernization Appraisal Lending Investing 501

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.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Housing Wire

OCTOBER 29, 2021

Firms like HouseCanary are currently limited to other uses for appraisals, including for non-QM loans, loan quality control reviews, valuation desk reviews, loss mitigation, non-performing loan and property liquidations and investment portfolios of Wall Street-owned single-family rentals.

Appraisal 370

Appraisal Valuation Appraisal Process Government 370

Housing Wire

APRIL 6, 2023

The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) in May for its second public hearing on appraisal bias. And Fannie Mae recently said that appraisals were no longer the default standard , which could radically change how property valuations are determined in the U.S.

Appraisal 397

Appraisal Valuation Government Appraisal Process 397

Housing Wire

MARCH 31, 2022

That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process. Consumer complaints during the appraisal process, such as when a borrower challenges the appraised value, are now mostly handled by the lender.

Appraisal 448

Appraisal Valuation Training Government 448

Housing Wire

MARCH 24, 2022

Fannie Mae and Freddie Mac referred requests to comment to the Federal Housing Finance Agency. An FHFA spokesperson said that the agency has received numerous requests from the public to release the GSE appraisal data, but it is still weighing whether and how to release it.

Appraisal 505

Appraisal Reconsideration of Value Valuation Government 505

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

Appraisal 397

Appraisal Valuation Reconsideration of Value Training 397

Appraisal Buzz

NOVEMBER 3, 2021

It is imperative to set and adopt a standard that can be applied by appraisers as well as other stakeholders. As the appraisal process is undergoing major shifts towards modernization and new levels of automation, this void was ripe for a solution.

Valuation 370

Valuation Development Technology Appraisal 370

DataMaster

FEBRUARY 3, 2021

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. ” This RFI is your chance to impact the direction that the inevitable appraisal overhaul will go. Jared and Change.

Appraisal Process 78

Appraisal Process Appraisal Modernization Training 78

Appraisal Buzz

MARCH 24, 2025

On page 575 is the admonition that: [t]he appraiser must provide fact-based and objective comment(s) that detail the work performed and data sources utilized for the market supported adjustments used, especially for the characteristics reported in the appraisal report form between the Sales or Financing Concessions and the Condition line items.

Contracts 284

Contracts Appraisal Real Estate Marketing 284

Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Appraisal Buzz

DECEMBER 27, 2021

This temporary flexibility allowed appraisers to meet with sellers and conduct evaluations remotely so they could complete more work and maximize safety during the pandemic. The Federal Housing Finance Agency is making desktop appraisals an established option for originating enterprise loans. Shifting Toward Modernization.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 370

Appraisal Valuation Inspection Law 370

Housing Wire

NOVEMBER 8, 2021

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

Clients 418

Clients Agents Buyers Sellers 418

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. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

JANUARY 26, 2022

Instead, UWM said that it would offer appraisals in-house , contracting with appraisers directly, which would allow appraisers and brokers to bypass appraisal management companies. Appraisers are selected based on a scorecard to asses’ geographic competencies and past performance, the wholesale lender said.

Appraisal 397

Appraisal Real Estate Agent Real Estate Appraisal Process 397

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

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.

Appraisal 281

Appraisal Modernization Appraisal Process Technology 281

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers must remain independent.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers must remain independent.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Housing Wire

DECEMBER 29, 2020

“Partnering with Blend allows us to offer a simple, seamless online home financing experience. And our mortgage loan originators are there to shepherd the process to help ensure our customers are confident as they make what likely is the biggest purchase of their lives,” Shroat said.

Mortgage 415

Mortgage Investors Technology Real Estate Agent 415

Appraisal Buzz

JULY 18, 2024

The agencies issuing the rule include the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve Board (FRB), National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC).

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Valuation Design Law Appraisal Process 221

Housing Wire

OCTOBER 26, 2020

With shared values that drive team member success and a vast portfolio of solutions across every step of the home-buying and financing process, Xome is uniquely positioned to help partners tackle the unforeseen challenges of this year. Solutions to Pandemic Era Issues.

Clients 397

Clients Valuation Technology Inspection 397

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process. SW: What keeps you up at night?

Appraisal 448

Appraisal Technology Modernization Real Estate Agent 448

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435