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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. ” On Monday, the U.S.

Appraisal 500
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Reshaping appraisals: Jaro’s high-tech solutions innovate the appraisal process in an evolving real estate market

Housing Wire

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Jaro stands tall as the only end-to-end appraisal platform on the market. Low transaction volumes may soon be a thing of the past.

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Appraisers have new time adjustment requirements starting Feb. 4

Housing Wire

Appraisers are getting more responsibilities. 4, appraisers will be required to submit a report that the market analysis they produced supports both the indicated overall market trend and market-derived time adjustments for changes in market conditions. About 10% of appraisals come in under the contract price. As of Feb.

Appraisal 350
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Valuing History: How to Appraise an Irish Manor

Appraisal Buzz

But have you ever appraised a stately Old-World manor that’s been around since the Restoration? Join Hal Humphreys for a special Irish edition of the Appraisal Buzzcast. At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field.

Appraisal 368
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Accurity Consolidated Redefines Appraisal Excellence, Client Service

Appraisal Buzz

HOUSTON, TX (December 12, 2024) A national leader and key player in real estate appraisal, Accurity Consolidated is proud to deliver fast, high-quality appraisals with client care at the center of everything they do. What makes their client service stand out? I take pride in delivering reliable insights that support long-term value.

Clients 370
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The Importance of Correlation Matrices in Residential Real Estate Appraisals: Five Key Reasons for Use

Appraisal Buzz

Introduction In residential real estate appraisal, accuracy, credibility, objectivity, and reliability are paramount. Appraisers, to meet client demands and comply with USPAP, must gather, analyze, and interpret a wide variety of data sources to produce well-supported and objective opinions of property value.

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FHFA to allow alternative appraisal methods on purchases up to 97% LTV 

Housing Wire

The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. billion in appraisal fees by using proprietary models, historical data, and public records. billion since early 2020.

Appraisal 459