Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

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Appraisal Process Reconsideration of Value Final Inspection Appraisal 88

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. We are not allowing it for refinances or any type of cash-out or rate-term.

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Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

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Appraisal Buzz

AUGUST 12, 2024

Although it would be possible to take detailed written notes in the field and translate those notes to the software at the desk, this process is highly inefficient and provides too much opportunity for errors. There will be many more data elements related to the inspection.

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Cleveland Appraisal Blog

JANUARY 13, 2022

I know of some appraisers who do not measure the properties they appraise, even though they are expected to when making a physical observation (inspection). That’s the same reason many of our clients require that we make a physical inspection and measure the improvements of the property we are appraising.

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Appraiserblogs

MARCH 7, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. million armed robbery of a… Certified Appraisers vs.

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D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. What is Checked During a Home Appraisal?

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Riverfront Appraisals

JANUARY 25, 2023

Have you ever wondered if the tax assessor gets a copy of your appraisal? Quite often, and usually towards the end of our appraisal inspection, we get asked a question that goes like this: “The PVA […] The post FAQ #4: Are Appraisals Part of the Public Record? appeared first on Riverfront Appraisals.

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McKissock

MAY 24, 2022

But it’s worth spelling out, because a courteous and professional demeanor is essential to making a good first impression and providing a positive customer service experience throughout the entire appraisal process, from acceptance to delivery. Deliver reports on time. Communicate with the client. Go above and beyond.

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Padove Appraisal Service

JANUARY 11, 2019

The current Fannie Mae program began on a limited basis for mortgage refinance transactions only, and under the name of Property Inspection Waiver (PIW). Property inspection waivers are frequently referred to as an appraisal waiver, to avoid confusion from an inspection of the physical condition of a home.

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Riverfront Appraisals

JUNE 13, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […].

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McKissock

DECEMBER 28, 2021

The 2022 real estate appraisal term of the year will be “standardization”—of data specifications and measurement standards. Desktop appraisals, with information provided by third-party hirelings, may increase. Housing market trends for 2022. Related reading: Check out our roundup of Housing Market Predictions for 2022.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Riverfront Appraisals

FEBRUARY 5, 2021

This post is part two of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one, go back and read all about the Final Inspection process here. In this blog post, we’re going to give you an appraiser’s perspective on unique homes, and […].

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Riverfront Appraisals

MARCH 5, 2021

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one on the Final Inspection process, go back and read it here. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […].

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Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.

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Bracketing Reconsideration of Value Final Inspection Appraisal 78

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!! Let the Sunshine In: 5 Gorgeous Glass Houses That Make Full Use of Daylight Saving Time Just For Fun! Answer: No.

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Clear Capital

MARCH 2, 2023

When a lender receives loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, UDC ensures fast and accurate collection and submission that meets both Freddie Mac and Fannie Mae data standards.

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Modernization Appraisal Valuation Real Estate 69

Clear Capital

OCTOBER 27, 2021

It has changed the way properties are inspected and how work is assigned. Obtaining a traditional appraisal is a process that’s been hard to understand for many, but the appraisal process will shift and homeowners will contribute more to the appraisal process at their convenience. housing market.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals. .

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AmeriMac

SEPTEMBER 30, 2023

Relocation appraisals consider additional factors such as cost of living and commuting costs. The Process: How is a Relocation Appraisal Performed? The appraiser provides a written report with their findings and estimated property value. Market analysis is conducted to compare it with similar properties.

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Appraisal Appraisal Process Real Estate Human Resources 36

AmeriMac

OCTOBER 19, 2022

The appraiser will go to the property in person to take a look at it and inspect certain areas of the property. The appraiser will also do some research on the property and other properties that have recently sold in the area that are similar. They will look for any conditions that have an effect on the value of the property.

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Appraisal Today

OCTOBER 6, 2023

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. It shows a fundamental lack of understanding of what appraisers do.

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Appraisal Today

SEPTEMBER 23, 2022

House Bill 7735 “Improving Access to the VA Home Loan Act of 2022” Excerpts: “The bill will encourage important reforms to the agency’s requirements regarding when an appraisal is necessary, how appraisals are conducted, and who is eligible to conduct an appraisal. Too much sometimes.”

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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. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

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Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information.

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Appraisal Today

JANUARY 20, 2023

See places in people’s houses that usually require a search warrant to access. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway.

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Appraisal Today

JANUARY 5, 2024

See places in people’s houses that usually require a search warrant to access. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway.

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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.

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Appraisal Buzz

OCTOBER 28, 2024

By combining the art of appraisal with cutting-edge technology, appraisers can produce results that are both informed by experience and backed by data. The Role of the AMC in Improving the Appraisal Process In the evolving appraisal landscape, Appraisal Management Companies (AMCs) play a crucial role.

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