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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Appraisal Valuation Training Government 448

Housing Wire

NOVEMBER 8, 2021

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

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Clients Agents Buyers Sellers 418

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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Appraisal Inspection Real Estate Agent Training 435

Housing Wire

JUNE 11, 2021

Continuing in the theme of closing loans faster, Rocket Pro TPO has also recently launched an appraisal fee guarantee for its broker partners. From the onset of the purchase market’s acceleration, the appraisal process presented multiple frustrations for brokers.

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Appraisal Clients Insurance Lending 390

Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before.

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Real Estate Business Valuation Technology 476

Appraisal Partners Blog

MARCH 12, 2025

FHA appraisals differ from conventional appraisals in several key ways, primarily because they are designed to protect both the borrower and the lender (the FHA insures the loan). An FHA loan is a mortgage insured by the Federal Housing Administration. What is an FHA Loan? Electrical System: Must be adequate and safe.

Appraisal 78

Appraisal Inspection Market Value Sellers 78

Housing Wire

SEPTEMBER 25, 2021

” Ishbia also touted UWM’s Appraisal Direct program, which will bring the appraisal process in-house on Oct. 1, allowing UWM to contract with appraisers directly and offering appraisers and brokers a way to bypass appraisal management companies. Time kills deals; Bolt saves deals. It’s the future.”

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Appraisal Appraisal Process Contracts Business 397

Appraisal Buzz

JULY 18, 2024

The agencies issuing the rule include the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve Board (FRB), National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC).

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Valuation Design Law Appraisal Process 221

Appraisal Buzz

MAY 9, 2022

the builder, inspector, appraiser, real estate agent, or insurance agent and NOT the provider of the log home materials or the home sales agent. Appraisers should follow USPAP, federal lending standards, and satisfy competency requirements. All liability falls upon the license holder, i.e,

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Valuation Legal Construction Appraisal 396

Cleveland Appraisal Blog

AUGUST 25, 2022

But, if you don’t mind the work, which includes rolling up your sleeves for simple repairs, chasing tenants for late rents, and paying an additional 25% insurance premium than you would on your primary residence, then buying your first rental home as a recurrent source of income might be a smart idea. Let us know ! Image via Pexels. .

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Investing Renovations Landlords Real Estate 332

Appraisal Buzz

MAY 6, 2024

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.

Reconsideration of Value 150

Reconsideration of Value Valuation Appraisal Appraisal Process 150

Realtor

NOVEMBER 16, 2017

No mortgage insurance. Most conventional buyers have to pay private mortgage insurance if they put less than 20% down. FHA loans come with their own forms of mortgage insurance. But a VA loan waives that insurance requirement. Title insurance. Extra assistance with appraisals. Limited closing costs.

Insurance 146

Insurance Appraisal Real Estate Buyers 146

Appraiserblogs

AUGUST 4, 2023

The entire concept of bifurcated appraisals represents a fundamental misunderstanding of the appraisal process.

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Appraisal Inspection Appraisal Process Valuation 124

East Coast Appraisal

OCTOBER 19, 2021

Whether you are buying, refinancing, or simply insuring a home or piece of property, a home appraisal is an important document in the process that you need to understand. Here are six key words and phrases that you should be familiar with before your next appraisal. East Coast Appraisal Service.

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Appraisal Process Appraisal Real Estate Agent Real Estate 52

Cleveland Appraisal Blog

NOVEMBER 3, 2022

You would be amazed at how little many know about the appraisal process. People going thru some of these things need someone they feel comfortable talking to, to walk them thru what they need and what they can expect in terms of the appraisal process. Don’t be intimidated by what you don’t know.

Business 393

Business Appraisal Real Estate Agent Lending 393

Cleveland Appraisal Blog

OCTOBER 29, 2021

To make this determination, the appraiser must first determine the Highest and Best Use of the land. All Mortgages to be insured under Section 223(e) must be submitted to the Jurisdictional HOC for prior approval.” How can we determine how much time is left before a home no longer contributes value to the property?

Appraisal 365

Appraisal Development Finance Lending 365

AmeriMac

MARCH 25, 2021

In fact, in-depth research reveals that appraisal turn times in certain regions like the Pacific Northwest is double that of neighboring regions. Plus, the sudden increase in supply and demand for appraisers resulted in a spike in appraiser fees. Luckily, there are several ways you can shorten the home appraisal process.

Appraisal Process 36

Appraisal Process Appraisal Property Taxes Sellers 36

AmeriMac

MARCH 25, 2021

In fact, in-depth research reveals that appraisal turn times in certain regions like the Pacific Northwest is double that of neighboring regions. Plus, the sudden increase in supply and demand for appraisers resulted in a spike in appraiser fees. Luckily, there are several ways you can shorten the home appraisal process.

Appraisal Process 36

Appraisal Process Appraisal Property Taxes Sellers 36

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process.

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Marketing Real Estate Appraisal Sellers 221

Realtor

NOVEMBER 1, 2023

The VA allows sellers to pay all of a buyer’s mortgage-related closing costs and up to 4% of the purchase price in concessions, which can include things like prepaid taxes and homeowners insurance and even paying off collections.

Real Estate Agent 121

Real Estate Agent Contracts Finance Real Estate 121

Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? That's where our home appraisal for PMI removal comes in. This appraisal blog post will explore how our Virginia home appraisal services can get you started on financial freedom.

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Appraisal Home Value Appraisal Process Insurance 98

AmeriMac

MARCH 25, 2021

In fact, in-depth research reveals that appraisal turn times in certain regions like the Pacific Northwest is double that of neighboring regions. Plus, the sudden increase in supply and demand for appraisers resulted in a spike in appraiser fees. Luckily, there are several ways you can shorten the home appraisal process.

Appraisal Process 28

Appraisal Process Appraisal Property Taxes Sellers 28

Realtor

NOVEMBER 16, 2017

No mortgage insurance. Most conventional buyers have to pay private mortgage insurance if they put less than 20% down. FHA loans come with their own forms of mortgage insurance. But a VA loan waives that insurance requirement. Title insurance. Extra assistance with appraisals. Limited closing costs.

Insurance 78

Insurance Appraisal Real Estate Buyers 78

Genworth MI Blog

AUGUST 31, 2022

If you can’t account for condition and location in your appraisal, then you won’t have a credible one. Q: How do automated valuation models (AVMs) come into play in the appraisal process? If items were omitted during the appraisal process, this allows the reviewer to work with the appraiser to make any corrections needed.

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Inspection Appraisal Marketing Appraisal Process 78

McKissock

JANUARY 7, 2022

. “ As one effort to address discrimination in the appraisal process , t h is Mortgagee Letter (ML) clarifies FHA ’s existing requirements for A pprais er s and Mortgagee s regarding compliance with Fair Housing law s related to the appraisal of properties that will serve as security for FHA – insured mortgages.”

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Appraisal Law Appraisal Process Insurance 98

Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. As you can see, there are major differences between home appraisals and home inspections and both are very important. Conclusion.

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Appraisal Inspection Appraisal Process Real Estate Agent 98

McKissock

OCTOBER 23, 2020

Others will simply rely on a previous appraisal and call the appraiser to testify about it. Here are twelve types of expert witness assignments for appraisers. Appraisals are then required to assist the owners, and eventually the courts, to determine the value of the property. Insurance claims. Condemnation.

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Appraisal Insurance Legal Development 77

Appraisal Today

OCTOBER 11, 2024

Heaslet is a retired Marine Corps veteran and a second-generation appraiser who began his valuation career as a trainee at his father’s office in 2007. However, appraisers follow established industry practices, and these are monitored by the state agencies that license appraisers. What is the affect on appraisals?

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Appraisal Insurance Contracts Valuation 75

East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Property appraisers use several forms of insurance coverage to protect their business. However, you only need to confirm a few forms of insurance coverage, depending on your role in the property transaction.

Real Estate 52

Real Estate Appraisal Property Appraisal Insurance 52

Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. Risk to Home Values. Source: First Street Foundation Sept.

Insurance 80

Insurance Appraisal Contracts Mortgage 80

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

This training is expensive and some appraisers skip this education to save money if they are not doing mortgage work. It’s also important to make sure that the appraiser’s license and E&O Insurance is attached to the completed appraisal.

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Appraisal Appraisal Process Loan Officers Inspection 60

California Home Appraisals INC.

SEPTEMBER 22, 2014

Experience and knowledge should typically be your top concerns when hiring an appraiser and working through the appraisal process. Most standard and non-complex properties can typically be sufficiently serviced by appraisers with at least about 5 years of experience. Are You A Full-Time Appraiser?

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Appraisal Appraisal Process Lending Real Estate 78

Clear Capital

AUGUST 30, 2021

Through ClearLabs, Clear Capital launched a nationwide Modern Appraisal solution that leverages mobile technology and non-appraisers in the property data collection process, as well as OwnerInsight , a free, consumer-friendly mobile tool that enables safe social distancing in the appraisal process. Media Contact.

Valuation 74

Valuation Tools Real Estate Technology 74

McKissock

APRIL 20, 2021

Keep your vendor information, your E&O insurance, and your appraisal license up to date. Be sure to update the client if any delays or problems come up during the appraisal process. After the appraisal inspection, complete your appraisal report within 24–48 hours. Update order statuses frequently.

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Appraisal Inspection Clients Appraisal Process 91

PennyMac

SEPTEMBER 2, 2024

A Loan Processor collaborates with the homebuyers and the underwriter to create a foundation for a streamlined and successful mortgage process. Lenders don’t want your total monthly mortgage payments—principal, interest, property taxes and homeowners insurance—to swallow up your monthly gross income.

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Mortgage Insurance Real Estate Agent Appraisal 63

AmeriMac

MARCH 1, 2024

Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. However, there are strategies to eliminate PMI, including getting an appraisal. This blog post explores private mortgage insurance, its impact on your mortgage, strategies to eliminate it, and the appraisal process.

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Appraisal Insurance Appraisal Process Mortgage 36

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Private mortgage insurance safeguards lenders from borrowers who fail to keep up with payments.

Appraisal 52

Appraisal Renovations Insurance Home Value 52