article thumbnail

DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Under federal law, mortgage lenders are required to work at arm’s length during the appraisal process, partnering with independent appraisal management companies who assign the work to state-licensed professional appraisers,” a spokesperson for Rocket told HousingWire.

Appraisal 511
article thumbnail

Incenter Appraisal Management and McKissock Learning Form Desktop Valuation Training Partnership

Appraisal Buzz

McKissock Learning and Incenter Appraisal Management are equally focused on empowering appraisers to remain the key stakeholders in the appraisal process. The post Incenter Appraisal Management and McKissock Learning Form Desktop Valuation Training Partnership appeared first on Appraisal Buzz.

Training 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

You Are Not a Business Owner!

Appraisal Buzz

This could mean hiring administrative support, utilizing virtual assistants, or outsourcing certain parts of the appraisal process that dont require your specific expertise. Build a Team: Eventually, youll need to hire and train others to do the appraisal work itself.

Business 332
article thumbnail

The appraisal revolution: How Opteon is transforming the lending landscape

Housing Wire

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.

Lending 467
article thumbnail

Webinar Thursday | Revolutionizing Appraisals: The Road to Modernization

Appraisal Buzz

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.

article thumbnail

Freddie Mac’s updates to the ACE + PDR valuation option

Housing Wire

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.

Valuation 369
article thumbnail

Fannie Mae: Appraisals are no longer the default option

Housing Wire

For the new value acceptance plus property data option, third parties are authorized to do that collection at the property site as long as lenders verify that they have a background check, have been “professionally trained” and are competent to do that collection. This data can only be submitted through the Property Data API.

Appraisal 482