Remove Appraisal Process Remove Information Remove Inspection
article thumbnail

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

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. After all, no property is perfect.

article thumbnail

What AVMs can and can’t do in the appraisal process

Housing Wire

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” This information is not known by AVMs, nor do they calculate possible value adjustments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The appraisal revolution: How Opteon is transforming the lending landscape

Housing Wire

Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process. Opteon’s data collection process involves comprehensive inspections of the subject property, both inside and out.

Lending 467
article thumbnail

An Opportunity to Change the Appraisal Industry

Appraisal Buzz

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.

Appraisal 435
article thumbnail

Clear Capital launches appraisal tool to speed photo review

Housing Wire

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.

Tools 459
article thumbnail

Balancing Art and Science in the Evolving Appraisal Industry

Appraisal Buzz

Traditional appraisal methods were often subjective, influenced by the appraiser’s geographic competency and local knowledge. This reliance on personal expertise made it challenging to obtain accurate data, especially in areas where comprehensive information was hard to come by. Resulting in fairer and more accurate appraisals.

Appraisal 363
article thumbnail

Restb.ai and Bradford Technologies announce appraisal partnership

Housing Wire

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.”