Housing Wire

MAY 24, 2022

The main benefit of appraisal modernization, according to the first-quarter sentiment survey , is that it will help shorten the loan origination cycle time. One mid-sized lender echoed the opinion of others that appraisals still take too long. The policy now expires on December 31, 2022.

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Birmingham Appraisal

AUGUST 23, 2023

Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations.

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AmeriMac

AUGUST 17, 2023

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. We will start by discussing the basics of reverse mortgages and who can benefit from them. Why an Appraisal is Crucial for a Reverse Mortgage?

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Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.

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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

AUGUST 2, 2022

Exterior-only appraisals could help in cases where accessing the property could be difficult or “cause undue delay” in the appraisal process. 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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Housing Wire

JULY 2, 2024

“The data released today will provide insights into consumer behavior and borrowers’ experiences, leading to better analysis of how mortgage processes could be improved for future borrowers.”

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Housing Wire

FEBRUARY 8, 2022

“If the Realtor says there are hardwood floors throughout, and the appraiser puts that in the appraisal report and it’s not the case, that’s a problem,” Dicks said. Some have also touted he cost benefits that desktop appraisals could bring. Appraisers are also likely to balk at another pay cut.

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Housing Wire

FEBRUARY 16, 2022

What role does appraisal tech have in creating customers for life? In this day and age where borrowers put speed and efficiency over anything, a slow appraisal process could reflect negatively on the lender and cause strain with the borrower. Presented by: Reggora.

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Housing Wire

MAY 25, 2022

The VA also expects to overhaul its procedure on appraisals following the mid-May introduction of legislation in the Senate aimed at streamlining the appraisal process for VA loans. The legislation would remove a stipulation requiring all VA appraisals to be performed in-house.

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Appraisal Hub

MARCH 19, 2023

By providing precise and impartial evaluations, residential appraisals in Toronto also safeguard the interests of all parties involved. Keep reading to find out more about its significance and understand the appraisal process. How Do Banks And Other Lenders Use Appraisals?

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Housing Wire

MARCH 21, 2022

Overall, appraisers are excited that a new player has entered the appraisal space. “As As far as Appraisal Direct goes, I want it to succeed in a massive way,” said Matthew Vasicek, chief appraiser at Expert Valuation and Consulting. “It I’m already nickel-and-dimed to death as an appraiser,” she said.

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McKissock

JULY 28, 2022

There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.

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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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Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Steps in the Appraisal Process.

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AmeriMac

JULY 31, 2024

Relocation appraisals play a vital role in the relocation industry by determining a property’s fair market value. These aren’t your everyday mortgage appraisals; they look into many details that matter when companies move their employees around.

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Miller Samuel

APRIL 27, 2019

It sent shockwaves through the AMC-types because, in my view, it effectively destroyed their ability to hide how much they are gouging the consumer and how little the appraiser gets from the actual "appraisal fee" (typically less than half). This is why we need consumer protection in the mortgage business. No, it isn't.

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Appraisal Today

JUNE 28, 2024

The technology has been drifting into mortgage lending reliance for more than a decade because it has been marketed as having the ease of “pushing a button.” The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. To read more, Click Here My comments: Worth reading.

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McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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AmeriMac

JULY 25, 2022

Home negotiations can be deadlocked because of the valuation differences of a property by both prospects and homeowners. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal? Income Capitalization Approach.

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AmeriMac

MAY 30, 2021

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. With a desktop appraisal, the value of a home or commercial property is determined without a visit to the actual property itself.

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AmeriMac

MAY 30, 2021

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. With a desktop appraisal, the value of a home or commercial property is determined without a visit to the actual property itself.

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Appraisal Real Estate Valuation Legal 36

AmeriMac

MAY 30, 2021

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. With a desktop appraisal, the value of a home or commercial property is determined without a visit to the actual property itself.

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Appraisal Hub

JUNE 18, 2024

Appraisal Hub Inc., a leading real estate appraisal firm in the Greater Toronto Area, is dedicated to providing accurate, reliable, and certified appraisal services that meet the diverse needs of property owners, buyers, and professionals. What is a Real Estate Appraiser? At Appraisal Hub Inc., Appraisal Hub Inc.

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Housing Wire

SEPTEMBER 15, 2021

That’s why HousingWire invited Rachel Robinson, director, collateral policy and product development at Rocket Mortgage , to HW Annual to discuss how technology can play an important role in the appraisal process and help eliminate discriminatory practices. .

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