Appraisal Process, Modernization and Reference

Progress now or perfect later: Improving the appraisal process

Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. housing cannot be accomplished with a focus on appraisal alone.

Appraisal Process

Appraisal Process Appraisal Reconsideration of Value Valuation

Will hybrid appraisals become the new normal?

Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

Appraisal

Appraisal Valuation Modernization Appraisal Process

Most good things change, and most change is good!

Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). All appraisers should professionally refresh themselves by re-reading Advisory Opinions 2, 18 and 37 of USPAP. Some of these have been around for many years.

Modernization

Modernization Inspection Appraisal Technology

On Time Adjustments

Appraisal Buzz

MARCH 24, 2025

Here it would be wise to emphasize that the two protocols this monograph presents to derive a time adjustment are not the only protocols by which appraisers can conduct this essential step in the appraisal process. ( On YouTube, please search making a time adjustment in a real estate appraisal.) 2025 Timothy C.

Contracts

Contracts Appraisal Real Estate Marketing

A View on Risk: Desktop Appraisals

Appraisal Buzz

FEBRUARY 7, 2022

Exterior-Only is self-explanatory, where the scope of work states the appraiser completed an exterior viewing of the physical components of the property and the appraiser relied on other sources to gather property and improvement details. Appraisers rely on standards of practice and processes.

Appraisal

Appraisal Inspection Development Technology

Geographic “Data” Competency?

Appraisal Buzz

MAY 13, 2024

In the context of real estate appraisers, it is essential for accurately valuing properties and providing credible appraisal reports.

Appraisal

Appraisal Appraisal Process Technology Tools

GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Fannie Mae also included efforts to “modernize” appraisals in its equity plans. Fair housing, are you kidding me?”. .”

Appraisal

Appraisal Valuation Inspection Law

Overhauling the Appraisal Process

DataMaster

FEBRUARY 3, 2021

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

Appraisal Process

Appraisal Process Appraisal Modernization Training

The New UAD: “Don’t Borrow Trouble.”

Appraisal Buzz

JULY 15, 2024

This sounds great, but remember, the scope of work continues through the appraisal process. If the appraiser decides additional elements are necessary, it could create fields and other sections that need to be revisited. Another approach might be to guide the appraiser through an interview-style methodology.

Appraisal

Appraisal Design Appraisal Process Valuation

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

APRIL 15, 2024

Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

Appraisal

Appraisal Design Lending Technology

The New UAD: Practical Implications

Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” Appraisers will have the opportunity to evaluate and choose from a range of software solutions, potentially switching from long-standing vendors to new entrants offering innovative features.

Appraisal

Appraisal Inspection Lending Training

To Desktop or Not to Desktop, That is The Question

DW Slater Company

FEBRUARY 24, 2022

Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. If anyone has been in the appraisal industry for a while they do know that it has been changing with technology. Why would the GSEs want this product?

Inspection

Inspection Tools Appraisal Technology

PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

MARCH 24, 2022

which states, “Develop a legislative proposal that modernizes the governance structure of the appraisal industry to improve transparency and public participation in the establishment of appraisal standards and appraiser qualification criteria, and to advance diversity in the profession.” Not to be outdone, the U.S.

Valuation

Valuation Property Appraisal Training Appraisal

To Desktop or Not to Desktop, That is The Question

DW Slater Company

FEBRUARY 24, 2022

Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. If anyone has been in the appraisal industry for a while they do know that it has been changing with technology. Why would the GSEs want this product?

Inspection

Inspection Tools Appraisal Technology

How To Appraise Rural Properties

Appraisal Today

MARCH 15, 2024

Urban, Suburban, Rural in Appraisals Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

Appraisal

Appraisal Inspection Modernization Business

7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

Appraisal

Appraisal Real Estate Agent Renovations Home Value

Tools To Support Appraisal Adjustments

Appraisal Today

MAY 17, 2024

With the plethora of data available today, could an appraiser living hundreds or even thousands of miles away gain sufficient knowledge of local market conditions, trends, and regulations to produce accurate and reliable appraisals? And could it actually be a benefit to not live in the immediate geographic area?

Tools

Tools Appraisal Renovations Design

Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

JULY 28, 2019

GSEs (Government Sponsored Enterprises, including Fannie Mae and Freddie Mac), in their current modernization initiatives, are piloting instituting these types of “bifurcated” data-collection processes.

Appraisal

Appraisal Inspection Valuation Lending

Unequal Opportunity: Addressing appraisal bias is another step toward making housing more equitable

Clear Capital

JANUARY 5, 2023

Unfortunately, they also resulted in a disproportionate benefit to white families and furthered neighborhood segregation under policies referred to as redlining. While the issue of bias in the appraisal process is not new, the regulatory scrutiny and efforts to address underlying systemic reasons are just now coming to bear.

Appraisal

Appraisal Modernization Valuation Appraisal Process

Property data collection-based appraisal waivers, UPD and the future of appraisals

Housing Wire

OCTOBER 29, 2024

The future of UPD and hybrid appraisals UPD is central to the future of appraisal modernization. The next phase of appraisal modernization is hybrid appraisals, anticipated to be incorporated into the GSE selling guides as early as mid 2025. Hybrid appraisals are not new or unique.

Appraisal

Appraisal Valuation Modernization Appraisal Process

Property Appraisal Zone

Progress now or perfect later: Improving the appraisal process

Will hybrid appraisals become the new normal?

Trending Sources

Most good things change, and most change is good!

On Time Adjustments

A View on Risk: Desktop Appraisals

Geographic “Data” Competency?

GSEs further expand AVMs, desktop and hybrid appraisals

Overhauling the Appraisal Process

The New UAD: “Don’t Borrow Trouble.”

From Forms to Reports: A Look at the UAD Overhaul

The New UAD: Practical Implications

To Desktop or Not to Desktop, That is The Question

PAVE Task Force Releases Recommendations to Promote Valuation Equity

To Desktop or Not to Desktop, That is The Question

How To Appraise Rural Properties

7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

Tools To Support Appraisal Adjustments

Nothing New Under the Sun: the varied face of appraisal

Unequal Opportunity: Addressing appraisal bias is another step toward making housing more equitable

Property data collection-based appraisal waivers, UPD and the future of appraisals

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