Housing Wire

OCTOBER 4, 2023

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. HousingWire: How is the market for appraisals changing in 2024?

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Housing Wire

MAY 7, 2021

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire: What’s the biggest pain point appraisers are currently facing?

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Housing Wire

FEBRUARY 18, 2022

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.” Here are six misconceptions surrounding what AVMs currently do for appraisal valuation: 1.

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Housing Wire

JULY 5, 2022

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. Using automated valuation models “leads to relatively lower racial gaps,” according to Freddie Mac. .

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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. If we can check those boxes, we succeed.

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Appraisal Buzz

MAY 9, 2022

The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? Many appraisers in urban areas like Chicago believe that the log home market is irrelevant and is not worth exploring.

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Housing Wire

OCTOBER 22, 2020

Stewart Appraisal Management , a subsidiary of Stewart Information Services Corp., announced on Thursday it acquired valuation services company Pro Teck Valuation Intelligence. Stewart is looking to strengthen and expand its scale in the appraisal and valuation solutions space.

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Housing Wire

JULY 11, 2024

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process.

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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. But this alone cannot solve the underlying issues with the current appraisal process, such as inefficient workflows and analogue data collection.

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Housing Wire

MARCH 1, 2023

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We

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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. If not, there’s another option.”.

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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

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. Appraisal challenges impact everyone. According to Zitin, “There are two main challenges plaguing the appraisal industry today.”.

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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.” The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.”.

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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

MAY 2, 2021

To streamline the appraisal process, lenders and appraisal management companies (AMCs) need a trusted, one-stop resource to obtain cost-effective, transparent, automated and robust valuation solutions. Our comprehensive valuation solutions are broad in range, deep in scope and include extensive data coverage. “Our

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Housing Wire

AUGUST 23, 2024

Jaro is the only end-to-end appraisal platform on the market that is painstakingly designed for lender and AMC workflows to serve every party in the valuation process. AI & efficiency Jaro’s AI-driven platform minimizes human error while boosting efficiency for faster, more precise valuations.

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Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. due to the slowdown in the housing market, according to the firm. Real estate valuation analysts are most affected by the cut in Roseville, with 25 out of a job. TechCrunch first reported the layoffs on Friday.

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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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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

AUGUST 25, 2022

Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. Misconception #1: You need an appraisal every time you do a loan.

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Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. And to make that happen, lenders need a solution that streamlines the appraisal process and eliminates potential mistakes. Appraisals are often time-consuming.

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Housing Wire

JULY 9, 2021

We know through the work of people like Robert Shiller and others that “narratives” are indeed economic forces and that compelling narratives can move markets. real estate market, matters are of course more complex than mere narratives, but we do all know that constant hype adds to the buoyancy of markets, which then creates more hype.

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Housing Wire

OCTOBER 29, 2021

Getting regulators’ blessing would mean access to the firehose of government sponsored enterprise-backed loans for firms that hawk automated valuations. Covid-19 gave alternative appraisal processes a foot in the door.

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Housing Wire

APRIL 6, 2023

A report commissioned by the Appraisal Subcommittee in 2021 and led by the National Fair Housing Alliance found that the industry has been allowed to regulate itself, a rarity in the heavily regulated housing and mortgage industries. Our analysis finds that the appraisal industry has operated in a relatively closed, self-regulated framework.”

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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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Housing Wire

DECEMBER 1, 2020

Jeff Allen brings more than 15 years of real estate valuation, data and analytics experience to the Clear Capital executive leadership team. OwnerInsight enables safe social distancing in the appraisal process by empowering homeowners to securely provide high-quality information and images of their homes without having an appraiser on-site.

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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

MAY 2, 2021

With an increased demand for appraisals across the country, the need for efficiency during the appraisal process is greater than ever. Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states.

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Housing Wire

MARCH 23, 2021

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. HW: What are some of the risks and benefits of non-traditional appraisal methodologies?

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Appraisal Buzz

APRIL 8, 2024

One of its most intriguing applications lies in the domain of appraisals. As industries grapple with the challenges of transparency, accuracy, and trustworthiness in valuation processes, blockchain emerges as a beacon of hope. This ensures that every valuation stands the test of time, free from potential manipulation.

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Housing Wire

APRIL 30, 2022

The leaders behind the continually evolving appraisal tech solutions at Reggora know exactly what it’s like to deal with inefficient appraisal processes. It was during this time that the two were exposed to the shortcomings of the appraisal and valuation process and took the initiative to transform it themselves.

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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

JULY 15, 2024

With our home equity program, we want to make sure that we’re offering our broker partners a product they can win in this market and help their clients.” Fawaz said alternatives to the conventional appraisal process can reduce time and costs. It starts on Monday and is valid until Aug.

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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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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How is Class Valuation leveraging AI? SW: How is technology changing appraisals?

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Housing Wire

MAY 2, 2022

It is an alternative appraisal method that is essentially a compromise between an automated valuation model (AVM), entirely done by software, and a traditional appraisal. But not everyone was happy with the news that desktop appraisals would now be a permanent option, and some appraisers have been hesitant to get onboard.

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