Housing Wire

DECEMBER 7, 2021

If there’s anything that lenders and borrowers have learned from the current purchase market it’s that speed and efficiency are key to a smooth closing. With desktop appraisals now a permanent option, we should expect to see some of the traditional pressure on turn times alleviated. To submit your company, go here.

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Housing Wire

DECEMBER 13, 2021

Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management ’s latest critical defect report. Property appreciation is still very strong, but the appraisal process becomes more important in a purchase-driven market.

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Housing Wire

SEPTEMBER 16, 2022

House of Representatives this week passed a bill that streamlines the appraisal process for U.S. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether. “The

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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. This blend of technology and human expertise sets Opteon apart from traditional appraisal methods, providing a more robust and accurate appraisal process.

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Appraisal Buzz

NOVEMBER 1, 2024

This partnership will reduce resource costs, improve the accuracy of reviews, and generate greater efficiencies in the appraisal process.”

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Housing Wire

NOVEMBER 18, 2021

According to Reggora co-founder and CEO Brian Zitin, “Lenders need to start paying attention to the appraisal process now, more than ever.”. Appraisal challenges impact everyone. This year’s hot housing market has created several obstacles within the appraisal process that impact both the lender and the borrower.

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Appraisal Buzz

JUNE 14, 2021

This rush to return to the status quo has created buzz in the appraisal industry—a wish that Fannie and Freddie were talking to appraisers about how to make the appraisal process more efficient and accurate. It’s time to make the appraisal process more efficient by solving these problems. housing markets.

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Appraisal Buzz

DECEMBER 6, 2021

This talent drain is further compounded by the fact that of the appraisers that remain in the industry, more than half are approaching retirement age, while 20% are aged over 66. A natural reaction to this situation, especially when faced with these statistics, is to try and get more appraisers to enter the industry.

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Appraisal Buzz

AUGUST 18, 2021

In today’s Buzzcast, we dive into the current appraisal market and what U.S. and Australian appraisers can learn from each other. We’ll be getting the inside scoop while Joan and Chris discuss how we can streamline the appraisal process like they do in other countries.

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Simonson Real Estate

JULY 10, 2020

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Most lenders will request the fee simple interest be appraised. Note that U.S. Value Scenarios.

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Appraisal Buzz

AUGUST 18, 2021

In today’s Buzzcast, we dive into the current appraisal market and what U.S. and Australia appraisers can learn from each other. We’ll be getting the inside scoop while Joan and Chris discuss how we can streamline the appraisal process like they do in other countries.

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Appraisal Buzz

NOVEMBER 11, 2024

As the Program Director at ACI, I lead the charge in developing and refining our tech-driven solutions, focusing on advanced data management systems and compliance tools that are designed to streamline appraisal processes and help appraisers meet and exceed today’s industry standards with ease and confidence.

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Housing Wire

JANUARY 14, 2022

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt to market changes to accommodate their clients’ needs. 2022 Outlook for volume. Turn times.

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Housing Wire

SEPTEMBER 19, 2023

Appraisals protect buyers and sellers Buying and selling a home is a financial transaction that involves large sums of money. Appraisals protect both parties by preventing them from making a deal that’s not financially sound. At this point, an estimated market value is generated.

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Housing Wire

SEPTEMBER 9, 2021

. “It’s going to be cheaper for consumers and more money for appraisers, because there’s no longer going to be a middleman with UWM Appraisal Direct,” Ishbia said. Appraisers say AMCs cut into their pay and introduce inefficiency into the appraisal process.

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Housing Wire

MARCH 1, 2023

“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.

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Appraisal Buzz

MARCH 24, 2025

Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. This is simply because such a value conclusion has as its base a specific date in time, the effective date of appraisal. However, this raises the question of which time period should the appraiser measure?

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Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together.

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Housing Wire

JULY 2, 2024

The purpose is to gather feedback on a series of ideas about the market, including consumer experiences of the mortgage process, future expectations and perceptions of the wider market. On a quarterly basis since 2014, the FHFA and the CFPB have sent surveys to borrowers who recently obtained mortgage financing.

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Housing Wire

FEBRUARY 4, 2022

HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Class Valuation Chief Innovation Officer Scot Rose to discuss how appraisal technology be leveraged to improve both the speed and accuracy of the overall process. “We’ve

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Housing Wire

DECEMBER 21, 2021

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opporThe FHFA and HUD are vigorously pursuing equitable housing goals, which means big changes for lenders. Sasha Hewlett Director, Secondary & Capital Markets/Residential Policy, MBA. Get More Info.

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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.

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Housing Wire

APRIL 18, 2024

At Jaro , our commitment to integrating AI automation alongside the traditional appraisal process is not just about keeping pace with technology — it’s about making the process of appraising and valuing properties better for every stakeholder: from lenders, to borrowers, appraisers and everyone in between.

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Housing Wire

JUNE 17, 2024

It can be used to pay nonrecurring closing costs, such as appraisal, processing, title and recording fees. The credit is available for borrowers with combined incomes of up to 80% of their area’s median income who are seeking to purchase a home as a primary residence.

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Housing Wire

JANUARY 18, 2023

Both types of initiatives are important, but no one seems to be talking about how we can get more production out of our current set of appraisers. The quickest way to ensure a faster appraisal process is going to be to learn how to work with valuation providers as partners in the process rather than the way most appraisers feel, adversaries.

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Housing Wire

AUGUST 2, 2022

In a department memo, the VA explained that the move was a response to “high demand for appraisal services and limited availability of appraisers in certain local market areas.”. In order to have the alternative appraisal options, lenders must be approved to participate in the VA’s Lender Appraisal Processing Program.

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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. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller.

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Boston Appraisal

JULY 13, 2024

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. This allows both a potential buyer and the appraiser to see where this property falls within the real estate market.

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Housing Wire

DECEMBER 28, 2020

According to FHFA director Mark Calabria, modernizing the appraisal process has the potential to create a more “streamlined and accurate collateral valuation process.” According to the FHFA, hybrid appraisals would increase coverage for rural markets and high-volume areas where time becomes a greater issue.

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Housing Wire

APRIL 30, 2022

With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves. Before founding Reggora, Brian Zitin and Will Denslow, co-founders, launched a successful real estate brokerage.

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Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

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Housing Wire

DECEMBER 21, 2023

VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. A lot has changed and it’s time to remove the stigma.

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Housing Wire

JUNE 25, 2024

It’s important to share your understanding of this process with your clients. When used in conjunction with comparable sales in the area, appraisals set realistic expectations about a property’s potential value. After years of a market that favored sellers, the pendulum is slowly swinging back in favor of buyers.

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Housing Wire

APRIL 5, 2023

The VA announced in August that it would allow desktop and exterior-only appraisals for some transactions, a move that happened in response to high demand for appraisal services and limited availability of appraisers in certain market areas. Following the announcement, the U.S.

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Housing Wire

DECEMBER 4, 2023

Our analysis does not extend to the broader market ramifications, as such considerations fall outside our expertise. Their offers — asking sellers to shoulder all commissions — might be overlooked in favor of more conventionally structured bids, especially in competitive markets.

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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.

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Housing Wire

FEBRUARY 16, 2021

Reggora is a venture-backed startup that provides software to speed up the appraisal process for mortgage lenders and real estate appraisers. His time with Sonder Partners exposed Zitin to the inefficiencies in the modern appraisal process, which led to the start of Reggora.

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