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Fannie Mae: Appraisals are no longer the default option

Housing Wire

“We are on a journey of continuous improvement to make the home valuation process more efficient and accurate. As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction,” Fannie Mae states in its release.

Appraisal 482
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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

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. Navigating appraisal challenges in today’s housing market.

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Demystifying the Residential Appraisal: What Homeowners Need to Know

Appraisal Partners Blog

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? The appraisal report will justify which approach was used.

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What Is A Home Appraisal?

DataMaster

Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results! Let’s explore how appraisals work! What Is An Appraisal? What is an appraisal? What is an Appraiser? The Appraisal Report.

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Human Expertise vs. AI in Appraisal Management: Which Delivers Better Results?

AmeriMac

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Appraisal management involves coordinating and overseeing the valuation process to ensure compliance with industry standards like USPAP in the US.

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Hybrid Appraisals and the Associated Risks

Boston Appraisal

The appraiser obtains all relevant property characteristics and data such as measurements, room counts, condition, and quality, and utilizes this information in the report. This process has been the foundation of the appraisal process. All this information is then utilized in the second stage of the appraisal process.

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The Hybrid Appraisal: It’s Cheaper, but Does It Protect Homebuyers?

Realtor

The hybrid appraisal has been around for about 13 years and was mainly used for foreclosures and short sales. And in 2018, Fannie Mae began testing its hybrid appraisal, a method it had worked on for years to speed up and modernize the traditional appraisal process. When is the hybrid appraisal used?

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