Appraisal Buzz

APRIL 15, 2024

This scope of work is determined by the type of property and the characteristics of the property. 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.

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Appraisal Buzz

APRIL 19, 2022

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. Appraisers prefer Asteroom’s data because it includes a 3D tour that allows the appraiser to view the property remotely in its entirety for accurate and reliable appraisal results.

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Housing Wire

JANUARY 14, 2022

appraisals per week results in a decline of one appraisal per week per appraiser. For locations where the supply of appraisers is abundant and the appraisal process itself can be completed in a standardized amount of time, we anticipate a return to pre-2021 levels with turn times of 8 to 10 days.

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AmeriMac

MARCH 15, 2025

Appraisals also aid in settling legal disputes and property tax matters, offering a consistent method to determine a property’s value for fair outcomes in various scenarios. Evolution of Appraisal Management Appraisal management in Columbus, Ohio, and across the United States has evolved with technological advancements.

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McKissock

DECEMBER 7, 2021

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies. ” Adopt new technology. Manage business expenses.

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AmeriMac

MAY 30, 2024

Traditionally, appraisals required physical inspections of the property, where appraisers would visit the site to assess its condition and gather relevant data. By the end of this guide, you will have a comprehensive understanding of the desktop appraisal process and its significance in the real estate industry.

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McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Address potential bias in the use of technology-based valuation tools through rulemaking related to Automated Valuation Models (AVMs).

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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. Tampa, Fla.),

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Boston Appraisal

JUNE 24, 2019

Green buildings are defined as properties that use renewable energy and efficient building materials in their operation, construction, and design to create positive impacts on human and environmental health. Finally, as technology progresses, these elements will become not only more efficient but also more affordable.

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Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Housing Wire

NOVEMBER 30, 2021

Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.

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McKissock

APRIL 6, 2021

Whether your goal is to work fewer hours and improve your work-life balance or increase productivity and scale your business, there are many technology tools available to help you complete more appraisals in less time. Upcoming webinar: Tame the Chaos with Appraisal Technology that Scales. Sign up now.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What are some of the benefits of desktop appraisals? or its subsidiaries.

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Clear Capital

MARCH 30, 2022

Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process. March 30, 2022 —. Visit www.clearcapital.com/solutions/desktop/ to learn more.

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Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. Transaction costs are added to every property transaction.

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Appraisal Today

AUGUST 2, 2024

————————————————————————————– When Is Single-Family a Multi-Family Appraisal? . The appraisal report is shared with the lender, who is the client in this scenario. .

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Appraisal Today

AUGUST 23, 2024

Excerpts: Topics: What is an appraisal review? Fact-checking vs appraisal review Types of appraisal review reports Why are appraisal reviews needed? Who requests a property appraisal review? Who can review a property appraisal? Investor purchases of U.S. homes rose 3.4%

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AmeriMac

SEPTEMBER 17, 2024

Unlike regular appraisal methods, which mainly consider recent sales data and the property’s features, these products use more data points and different analytical techniques. They use technology and smart algorithms to provide a better and more accurate value for a property.

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AmeriMac

OCTOBER 30, 2023

The property inspection waivers are available for mortgages and refinances that meet specific eligibility requirements, including those with lower loan-to-value ratios, single-family and condominium properties, principle residences and second homes, and when Fannie already has a prior appraisal on the property, among others.

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Housing Wire

MAY 27, 2022

By combining the power of emerging technologies like artificial intelligence (AI) and machine learning (ML) with a true commitment to diversity at every stage of the valuation chain, we can build a consciously unbiased appraisal system that delivers more equitable and accurate conclusions.

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Appraisal Today

JANUARY 20, 2023

of home sales in the fourth quarter, the highest share of any three-month period in Redfin’s records, according to a report from the technology-powered real estate brokerage. Fee Appraisers will be gone in 5 years being relegated to measuring houses, property inspection, and basic condition reporting.

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Clear Capital

JANUARY 5, 2023

The appraisal industry also is incredibly analog, so typical tools of the trade include clipboards, tape measures and pencils for capturing information to manually input into a computer back at the office. New technology has emerged to help appraisers digitize the collection of data and respond to a changing regulatory environment.

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Clear Capital

APRIL 9, 2022

In late March, the Biden Administration released its Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) report. Designed to mitigate bias in the real-estate appraisal process, the report recommended a multi-pronged approach to change how homes are valued and sold in the United States.

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AmeriMac

FEBRUARY 15, 2025

Understanding Appraisal Management Companies (AMCs) Appraisal Management Companies (AMCs) play a crucial role in real estate by coordinating the appraisal process among appraisers, lenders, and consumers. Quality checks in appraisals ensure that the property’s value shows its true worth in the current market.

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Appraisal Today

NOVEMBER 29, 2024

State-of-the-art movie theatre, outdoor kitchen, & Crestron smart home technology. The recent expansion of appraisal waiver eligibility likely does not sit well with those poised to take on leadership roles in the next Trump administration, as it underscores creep from the GSEs missions.

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