Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. Appraisals protect both parties by preventing them from making a deal that’s not financially sound.

Real Estate 476

Real Estate Appraisal Agents Inspection 476

Housing Wire

JULY 11, 2024

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 465

Lending Appraisal Appraisal Process Valuation 465

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.

Appraisal 435

Appraisal Appraisal Process Technology Housing Market 435

Housing Wire

SEPTEMBER 23, 2021

Remote inspections have the power to make homeowners and appraisers more comfortable. Others don’t provide appraisers with accurate enough data. While the immediate need for remote appraisals began in 2020, it soon became clear that these processes were here to stay.

Appraisal 397

Appraisal Inspection Technology Appraisal Process 397

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Housing Wire

MARCH 23, 2021

AA: The past year saw a rapid evolution in appraisal management technology. With the onset of the pandemic, the GSEs introduced temporary flexibilities to the appraisal process which enabled the path for major advancements in 3D scanning, guided inspection applications and data-driven solutions.

Appraisal 414

Appraisal Valuation Inspection Modernization 414

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.

Modernization 83

Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

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.

Modernization 370

Modernization Appraisal Technology Appraisal Process 370

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.

Valuation 368

Valuation Modernization Training Appraisal Process 368

Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). Some of these have been around for many years. Think of it like a dental hygienist cleaning your teeth with the dentist checking and approving the work.

Modernization 367

Modernization Inspection Appraisal Technology 367

Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process.

Lending 444

Lending Tools Investors Inspection 444

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. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

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. In these situations, Inspex can be paired with an appraiser-completed exterior inspection.

Clients 397

Clients Valuation Technology Inspection 397

Appraisal Partners Blog

MARCH 12, 2025

Why are FHA Appraisals Different? FHA appraisals have two main objectives: Determine Market Value: Like all appraisals, the FHA appraisal determines the fair market value of the property. The FHA Appraisal Process Loan Application: The borrower applies for an FHA loan. Supporting documentation.

Appraisal 78

Appraisal Inspection Market Value Sellers 78

Housing Wire

SEPTEMBER 13, 2022

“It’s another way to drive eyeballs to your listing first, which is becoming more important now that there are more and more houses coming on the market,” Allen said. Ultimately, CubiCasa’s goal is to create the flipping point where the market decides that every listing should include a floor plan.

Training 418

Training Technology Buyers Sellers 418

Appraisal Partners Blog

JANUARY 20, 2025

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. But what exactly is a residential appraisal, why is it necessary, and what factors influence the final valuation? For buyers, an appraisal ensures that they are not overpaying for a property.

Appraisal 78

Appraisal Inspection Valuation Appraisal Process 78

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. Source: Inc.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Appraisal Buzz

FEBRUARY 7, 2022

The onset of the Covid-19 pandemic in 2020 introduced two new appraisal labels – the Exterior-only Appraisal and the Desktop Appraisal. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. Appraisers rely on standards of practice and processes.

Appraisal 435

Appraisal Inspection Development Technology 435

Housing Wire

MAY 2, 2021

And to make that happen, lenders need a solution that streamlines the appraisal process and eliminates potential mistakes. Appraisals are often time-consuming. Efficient data collection with aggregation and next-generation market analytics can drastically impact the closing process.

Valuation 222

Valuation Technology Supply Chain Inspection 222

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. This gives the housing industry the perfect segue into making desktop appraisals permanent.

Appraisal 418

Appraisal Valuation Technology Inspection 418

Housing Wire

NOVEMBER 22, 2023

We also use AI to help run our operations and drive operational efficiency by using predictive analytics and how we assign appraisals to appraisers. And we use AI in our DataMaster solution to do market analysis and support appraisers in how they’re developing appraisal reports.

Appraisal 448

Appraisal Technology Modernization Real Estate Agent 448

Realvals

FEBRUARY 10, 2025

These comparables or “comps” help determine the home’s value in the current market. The appraiser then weighs all factors to arrive at the appraised value. The appraiser then weighs all factors to arrive at the appraised value. This figure represents the property’s fair market value.

Appraisal 78

Appraisal Property Taxes Real Estate Market Value 78

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Appraisal? What Is a Home Inspection?

Inspection 98

Inspection Appraisal Property Appraisal Real Estate 98

Housing Wire

JANUARY 25, 2022

Digging into the workflow technology a bit further, it’s going to become increasingly important for appraisal management systems to have built-in flexibility for managing new types of workflows. The appraisal process, which isn’t simple to begin with, is becoming even more dynamic. appeared first on HousingWire.

Technology 370

Technology Appraisal Modernization Valuation 370

Housing Wire

MAY 25, 2021

Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage. A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry.

Appraisal 370

Appraisal Valuation Real Estate Modernization 370

Housing Wire

MAY 23, 2023

In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

Technology 397

Technology Appraisal Lending Valuation 397

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.

Appraisal Process 88

Appraisal Process Reconsideration of Value Final Inspection Bracketing 88

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.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

MAY 31, 2021

Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. Using SCOUT, homeowners, inspectors, real estate agents and appraisers can collect property data on a mobile device. Joseph Nackashi, President.

Inspection 201

Inspection Valuation Real Estate Real Estate Agent 201

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.

Appraisal 76

Appraisal Easement Real Estate Agent Valuation 76

Appraisal Partners Blog

OCTOBER 28, 2019

A home appraisal is usually requested by a lender to estimate the market value of your home. When the time comes for you to get an appraisal for your property, it makes sense to use our services here at Appraisal Partners. We make the process easy for you and there’s no need for stress or confusion.

Appraisal Process 78

Appraisal Process Appraisal Inspection Property Appraisal 78

Premier Home Appraisal Blog

AUGUST 11, 2024

Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. During this demonstration, our real estate appraisers will walk you through a residential property tour discussing; ANSI measurement and square footage requirements. What counts as a bedroom?

Real Estate 98

Real Estate Appraisal Process Appraisal Bracketing 98

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.

Appraisal 370

Appraisal Inspection Lending Training 370

Riverfront Appraisals

JANUARY 18, 2021

Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.

Final Inspection 92

Final Inspection Inspection Appraisal Loan Officers 92

Boston Appraisal

OCTOBER 8, 2022

One such attempt is the increased use of hybrid appraisals. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

Appraisal 135

Appraisal Inspection Appraisal Process Valuation 135

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

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. As an appraiser, I’ll give you the answer.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78