Appraisal Buzz

JUNE 14, 2021

Appraisers are starting to get one-off requests from Fannie and Freddie for more information and an interior inspection, even though the property already had a COVID-alternative accepted. COVID has given the entire housing industry a chance to re-evaluate and use technology to make the process of buying a home faster.

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Housing Wire

JANUARY 3, 2022

Appraisal management company Clear Capital , in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its photo review product , ClearPhoto. United Wholesale Mortgage also hopes to make its stamp on the appraisal space.

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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. Key Appraisal Items to Communicate. Helpful Items to Provide for the Appraisal.

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Housing Wire

OCTOBER 18, 2021

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?

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Housing Wire

AUGUST 7, 2023

Tony Pistilli, general manager of valuations for Restb.ai, expressed his enthusiasm about the collaboration: “Working with Bradford, we are providing the newest and most advanced AI technology to accelerate the modernization of the appraisal process.”

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Appraisal Buzz

DECEMBER 9, 2024

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. It includes insights from CoreLogic economists to help appraisers and home buyers understand the market. Read previous CoreLogic HPI reports here.

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Housing Wire

SEPTEMBER 20, 2021

From having to manage high volumes to finding innovative ways to appraise homes while maintaining distance, it’s no secret appraisers faced challenges during the beginning of the coronavirus pandemic. RemoteVal, by Incenter, replicates the process an appraisal already does. For more information on RemoteVal, click here.

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Housing Wire

MARCH 1, 2023

The process encourages the use of emerging technologies to capture property information, imagery, and floor plans.” I think that not only drives this program, but paves the way for a better appraisal process when an appraisal is needed.”

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Housing Wire

SEPTEMBER 27, 2024

Department of Housing and Urban Development ’s (HUD) reliance on its legacy appraisal processing system, the Loan Application Management System,” FHA said in an informational notice. “This past weekend, [FHA] completed the implementation of new functionality in the FHA Catalyst: [EAD] module that eliminates the U.S.

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Housing Wire

JULY 31, 2023

Jaro was initially developed by Ascent Software Group to streamline the entire appraisal workflow, eliminating the need for redundant steps and external systems. Jaro leverages technology through its intelligent automation capabilities, which are integrated into every part of the appraisal process, reducing turn times and increasing accuracy.

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Housing Wire

JUNE 9, 2023

“The proposed guidance advises on policies that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal ,” the announcement states.

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Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. ACE+ PDR was originally a temporary offering. “It

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Boston Appraisal

JULY 13, 2024

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. A well-crafted listing not only highlights the property’s best features but also provides essential information that can streamline the entire transaction.

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Housing Wire

DECEMBER 28, 2020

According to FHFA director Mark Calabria, modernizing the appraisal process has the potential to create a more “streamlined and accurate collateral valuation process.” The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.”.

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Housing Wire

JUNE 11, 2021

Home inspections provide valuable information that can make or break your decision to purchase a home, as well as help you plan for future improvements. An appraisal is a valuation of a property by a third party. Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete.

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Housing Wire

APRIL 30, 2022

With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves. While Reggora focuses on the future of appraisal and valuation, the founders understand that the best tech isn’t rushed. “We

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Housing Wire

JULY 2, 2024

The data provides “updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2021,” the agencies explained. This year’s survey provides new insights into appraisal satisfaction and willingness to move for borrowers with new mortgages,” Brown said in a statement.

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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

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Housing Wire

DECEMBER 1, 2020

OwnerInsight enables safe social distancing in the appraisal process by empowering homeowners to securely provide high-quality information and images of their homes without having an appraiser on-site.

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Housing Wire

JUNE 25, 2024

These days, a home appraisal is even more valuable in a changed real estate landscape. How does the home appraisal process work? Stage 1: Preparing for the home appraisal First, if you represent buyers making an offer on a home, it’s vital to include an appraisal contingency in the offer.

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Appraisal Buzz

JUNE 26, 2024

These computer models cannot be unreliable or biased, even if they can offer crucial information to lenders, buyers, and sellers. The new regulation is a component of the CFPB’s attempts to guarantee fairness, nondiscrimination, and conflict-free nature of the appraisal process.

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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.

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Housing Wire

APRIL 6, 2023

The housing regulator, led by Sandra Thompson, said it will look at the current regulatory framework for the industry , with a particular eye toward standards , qualification criteria, barriers to entry into the profession and appraisal practices. housing market in the future.

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Housing Wire

AUGUST 23, 2024

It’s a customizable platform moldable to any organization’s needs, capable of simplifying every step of the appraisal process no matter the complexity of the organization or workflow. And suppose that wasn’t enough to set Jaro apart. Click Here Why choose Jaro?

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Appraisal Buzz

APRIL 8, 2024

This means that instead of relying on a single entity (like a bank) to keep track of transactions, blockchain distributes this information across multiple nodes. AI can analyze vast amounts of data on the blockchain to provide insights, predictions, and even automate certain appraisal processes.

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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.

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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. Using automated valuation models “leads to relatively lower racial gaps,” according to Freddie Mac. .

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Housing Wire

OCTOBER 22, 2020

Stewart Appraisal Management , a subsidiary of Stewart Information Services Corp., Stewart is looking to strengthen and expand its scale in the appraisal and valuation solutions space. announced on Thursday it acquired valuation services company Pro Teck Valuation Intelligence.

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Housing Wire

AUGUST 31, 2021

In today’s mortgage industry, many organizations have a unique real estate appraisal process that fits their exact business model. Unfortunately, most valuation management technologies follow a one-size-fits-all approach, making it difficult for mortgage lenders, credit unions, AMCs and appraisal firms to work together.

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Housing Wire

OCTOBER 18, 2022

Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S.

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Housing Wire

AUGUST 14, 2023

While social distancing is becoming a distant memory, last year’s announcement by the GSEs that desktop appraisal technology would remain permanent was quickly followed by Fannie Mae ’s launch of the Appraisal Acceptance + Data framework — a clear indication that appraisal modernization is here to stay.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. A fundamental change.

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Housing Wire

JULY 17, 2024

According to Zorn, the DOJ issued civil investigative demands, or CIDs, which allow the agency to request information about a specific topic from a company or organization that isn’t involved in active litigation. Dwiggins and Robinson started the episode by diving into Zorn’s thoughts on the DOJ lawsuits.

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National Association of Realtors

DECEMBER 16, 2020

Understand home value, learn details about the appraisal process, borrowers rights, and more. Use this resource to become an informed home buyer.

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Housing Wire

OCTOBER 4, 2023

For investors, we can assist with finding problematic appraisals and evaluating them for a potential putback using the same process. HW: How is artificial intelligence being integrated into the property valuation and appraisal process?

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Housing Wire

FEBRUARY 8, 2022

By the end of 2020, FHFA signaled publicly it was considering hybrid appraisals on a permanent basis, following proposals from both Fannie Mae and Freddie Mac. Murphy and Associates Real Estate Appraisers and Consultants , raised concerns about bearing the liability for an appraisal, but relying on second-hand information.

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Housing Wire

MAY 23, 2023

Additionally, appraisals are conducted in much the same way today as they’ve been done for the last 60 years, she added. Appraising can be a subjective process in a lot of ways — as appraisers are always working within dollar ranges and imperfect information.

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