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Reshaping appraisals: Jaro’s high-tech solutions innovate the appraisal process in an evolving real estate market

Housing Wire

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Each of Jaro’s primary tools—JaroDesk, JaroInspect, and JaroKit—are designed to simplify the appraisal process.

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ClearValue teams with Restb.ai to bring computer vision to appraisal process

Housing Wire

This partnership will reduce resource costs, improve the accuracy of reviews, and generate greater efficiencies in the appraisal process.” Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai

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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process.

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Best practices to speed up the appraisal process

Housing Wire

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. Can appraisals keep pace?

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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.

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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.” Mortgage lenders wouldn’t want to conclude value based solely on AVMs. ” Amazing, right?

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Real estate appraisals: What agents should know

Housing Wire

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 are required for homes financed with any type of mortgage. Why are appraisals important?