Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. The pandemic gave the housing industry time to test and learn the risks that could be involved with desktop appraisals.

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Appraisal Valuation Technology Inspection 418

McKissock

JUNE 17, 2022

Below are five remote inspection tools worth looking into. Rather, our intention is to provide appraisers with a sampling of currently-available remote property inspection tools so they can consider the potential benefits of integrating such tools into their appraisal process. eTrac Virtual Inspection Tool.

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Birmingham Appraisal

DECEMBER 17, 2024

Tips To Ensure a Successful Appraisal When it comes to the home appraisal process, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations.

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Appraisal Easement Real Estate Agent Valuation 76

Appraisal Buzz

DECEMBER 20, 2021

We are thrilled to overcome this hurdle with Incenter Appraisal Management’s groundbreaking solution,” said John Keratsis, President and CEO, Deephaven Mortgage. Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market. About Incenter Appraisal Management.

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Appraisal Mortgage Technology Inspection 195

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Miller Samuel

MARCH 18, 2020

As co-owner of an appraisal firm for 34 years, while based in Manhattan, we generally don't drive to appraisal inspections. By the time the first Fed rate cut was made in response to the coronavirus on March 3, we adopted a screening process for appraisal inspections. Imagine if the appraiser was a carrier?

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Appraisal Inspection Transportation Clients 195

The Appraiser Coach

DECEMBER 5, 2023

I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. To make a long story short, this man felt like the first appraisal had come in lower than it should have. I remember an interaction I had one day with a homeowner.

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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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Modernization Appraisal Valuation Appraisal Process 139

Town & Country Residential Appraisals

MARCH 30, 2020

AMC’s - “Appraisal Management Company” These organizations have come into existence in an attempt to fulfill government regulations to ensure that banks could not commit mortgage fraud like the practices seen prior to 2008. Ultimately the underwriter of the bank makes the calls on a loan based on the inspection of the appraiser.

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Appraisal Process Appraisal Inspection Finance 53

DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

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Appraisal Appraisal Process Buyers Training 158

The Appraiser Coach

OCTOBER 17, 2023

How long have you been appraising? But you know that the appraisal process and the appraisal form are two separate things. The process that you go through to do an appraisal and the type of reporting you do on that process could be miles apart, although they are related.

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Appraisal Appraisal Process Technology Clients 195

Clear Capital

MARCH 23, 2022

Last year’s acquisition of CubiCasa by Clear Capital, a national real estate valuation technology company, was just one step in the firm’s overall mission to modernize the appraisal process, a top official told Mortgage Professional America. READ FULL STORY.

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Appraisal Process Modernization Appraisal Inspection 36

Birmingham Appraisal

NOVEMBER 20, 2024

Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. To avoid this, agents should use the same criteria appraisers do when selecting true comparables.

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Real Estate Appraisal Inspection Contracts 91

Realtor

MAY 15, 2023

An appraiser also does a market data analysis, which values other homes in the area, and records the findings in the Uniform Residential Appraisal Report, or URAR. The hybrid appraisal uses a form almost identical to the URAR, but the appraiser doesn’t go to the property. When is the hybrid appraisal used?

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Appraisal Real Estate Appraisal Process Market Value 104

Padove Appraisal Service

JANUARY 11, 2019

A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). These government sponsored entities offer liquidity to the single family market by purchasing and guaranteeing mortgage loans that are made by private lenders.

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Appraisal Inspection Valuation Buyers 78

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 is a desktop appraisal?

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Realvals

JUNE 18, 2023

Appraisers don’t inspect electrical, plumbing, insulation, or anything else of the sort. If you are getting a construction loan, or a private money loan, then the lender will most likely need a “Subject To” appraisal. As a property owner, you should be aware of the appraisal process during this acquisition.

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Appraisal Property Taxes Real Estate Market Value 145

DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

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Appraisal Appraisal Process Buyers Training 78

DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

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Appraisal Appraisal Process Buyers Training 78

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

Chicagoland Appraisal Blog

MAY 13, 2021

Some appraisers work separately and have their own private businesses while others may work for a bank or an appraisal firm that employs many appraisers. . What Is the Home Appraisal Process? To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection.

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East Coast Appraisal

JULY 7, 2022

Falsifying information contravenes the principle of utmost good faith when disclosing facts relevant to the appraisal. . Misinterpreting the Appraisal Process. Another mistake people make is misinterpreting the appraisal process. Some people assume that the valuation process takes several hours to complete.

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Property Appraisal Appraisal Valuation Appraisal Process 52

Appraisal Today

MARCH 15, 2024

Urban, Suburban, Rural in Appraisals Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Appraisal Inspection Modernization Business 72

Assurance Financial

APRIL 29, 2021

Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. Home Inspection.

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Mortgage Insurance Inspection Sellers 69

McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” Related reading: 8 Characteristics of a Successful Real Estate Appraiser. Approach to the appraisal process. Very efficient throughout every process.” ” “I have been in the appraisal business for 33 years. .”

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AmeriMac

NOVEMBER 30, 2023

Appraisers can work independently or as part of appraisal firms, real estate appraisal departments, financial institutions, corporations, or government agencies. Becoming a commercial appraiser requires appropriate education, training, experience, and certification.

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Appraisal Inspection Appraisal Process Real Estate 36

AmeriMac

JUNE 30, 2024

The process typically begins with the lender ordering the appraisal after the borrower’s offer has been accepted or when refinancing a mortgage. A licensed appraiser, who is an independent third party, conducts the appraisal. Appraiser visits the property and conducts a thorough inspection to assess its value.

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AmeriMac

MAY 10, 2023

Types of Appraisal Review Reports When it comes to appraisal review reports, there are several types that can be conducted. A field review involves an on-site inspection, while a desk review is done without an on-site inspection.

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Appraisal Valuation Inspection Legal 36

AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

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Appraisal Appraisal Process Insurance Market Value 36

AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

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Appraisal Appraisal Process Insurance Market Value 36

Appraisal Today

OCTOBER 11, 2024

By George Dell, MAI, SRA This UAD topic is intertwined with the new integrated URAR by our GSEs (Government Sponsored Enterprises) – as both the UAD and URAR will arrive on the scene together. Heaslet is a retired Marine Corps veteran and a second-generation appraiser who began his valuation career as a trainee at his father’s office in 2007.

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Appraisal Insurance Contracts Valuation 78

The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. Question 6: What is the overall commercial real estate appraisal process?

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AmeriMac

OCTOBER 28, 2024

Different from traditional transactions, they are owned by financial institutions or government agencies like Freddie Mac or HUD. Purchasing through channels like HUD Home Store or MLS requires understanding their unique characteristics and buying processes. Sold below market value, they often require significant repairs.

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Property Appraisal Appraisal Legal Valuation 36

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

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Appraisal Inspection Valuation Lending 28

AmeriMac

FEBRUARY 25, 2021

Best suited for novice buyers or those with lower income and low credit, FHA loans are typically offered by the bank and backed by the federal government. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. The appraisal process is pretty simple and won’t take a lot of time.

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Appraisal Appraisal Process Insurance Market Value 28

Housing Wire

JANUARY 19, 2022

The mortgage industry has been awaiting the official start date for desktop appraisals since Federal Housing Finance Agency Acting Director Sandra Thompson announced plans to allow them at an industry conference in October. Lenders leapt at the opportunity to conduct appraisals remotely, especially in the northeastern part of the country.

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Appraisal Inspection Appraisal Process Property Taxes 448

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. Non-traditional appraisals to the rescue. But democratizing the data they have available would benefit policy development.”

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Appraisal Valuation Inspection Law 370