Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. One mid-sized lender echoed the opinion of others that appraisals still take too long.

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Housing Wire

MARCH 21, 2022

United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house appraisal program. Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program. New blood in the appraisal space.

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Housing Wire

FEBRUARY 16, 2022

The Federal Housing Administration announced this week that lenders have an additional year before they must submit appraisals through the FHA Catalyst: EAD Module. What role does appraisal tech have in creating customers for life? The previous deadline, announced in mid- 2021, was March 14, 2022. Presented by: Reggora.

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Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. Scott Murphy, CEO of D.S.

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AmeriMac

MARCH 29, 2024

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Understanding reverse mortgages can be complex, but it essentially involves converting a portion of the home’s equity into usable cash.

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Appraisal Buzz

JULY 15, 2024

I had just returned from college, and back then, there was no appraisal software available. He taught me more than just appraisal; he taught me about life, often through a multitude of enigmatic phrases like “better than a poke in the eye with a sharp stick” or “don’t borrow trouble.” The problem is… it’s not a form.

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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. Who Can Benefit from 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. It all starts with the standard appraisal forms used in the mortgage process.

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Padove Appraisal Service

FEBRUARY 27, 2023

Many people’s experiences with real estate appraisals are limited to mortgage applications. The appraiser is usually selected, and the report ordered through the lender. The task of selecting an appraiser for purposes such as estate planning and settlement, divorce, tax appeal, etc.,

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Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.

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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.” The new dataset also includes insights from three additional questions the survey first asked borrowers beginning in 2021.

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Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. Buying a home can be a confusing process, however, I hope that you have been able to surround yourself with knowledgable professionals who can help you navigate your first home purchase and make it an enjoyable experience. What is a Mortgage Appraisal?

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Appraisal Hub

MARCH 19, 2023

A home appraisal in Toronto is necessary when applying for a mortgage, refinancing, or selling your house. This appraisal will give you critical information to help you make informed choices and understand the true value of the asset. Keep reading to find out more about its significance and understand the appraisal process.

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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. appeared first on HousingWire.

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AmeriMac

MAY 15, 2024

Navigating Relocation Appraisals Successfully Relocating to a new city or state can be a complex and overwhelming process. One crucial aspect of the relocation process is the appraisal of the property being sold. Understanding Relocation Appraisals and Their Importance What is a Relocation Appraisal?

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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. Whether you’re a seasoned appraiser or new to the field, having a better understanding of rural properties is essential for providing credible appraisals. Well written.

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AmeriMac

SEPTEMBER 30, 2023

If yes, then it’s time for you to consider relocation appraisal. Relocation appraisal is the process of evaluating a property’s value in the real estate market. This blog post will explore the importance of relocation appraisal and its purpose and approach. So, let’s dive in!

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McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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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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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. That’s where relocation appraisals come in.

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Housing Wire

NOVEMBER 8, 2021

There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle. 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.

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Miller Samuel

APRIL 27, 2019

The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state. No, it isn't.

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AmeriMac

JULY 25, 2022

This is why home appraisals are advised to ensure property costing is as fair as possible. This article discusses what an appraisal requires, why it needs to be reviewed and the methods involved in arriving at both conclusions. What Is an Appraisal? Methods of Conducting Appraisals. What Is Appraisal Review?

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AmeriMac

MAY 30, 2021

The results of a real estate appraisal carry major implications for borrowers, lenders, and sellers alike. Ultimately, the goal of an appraisal is to determine a fair and reasonable value for any given property. Common Issues With Appraisal Quality Control. Common Issues With Appraisal Quality Control.

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AmeriMac

MAY 30, 2021

The results of a real estate appraisal carry major implications for borrowers, lenders, and sellers alike. Ultimately, the goal of an appraisal is to determine a fair and reasonable value for any given property. Common Issues With Appraisal Quality Control. Common Issues With Appraisal Quality Control.

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AmeriMac

MAY 30, 2021

The results of a real estate appraisal carry major implications for borrowers, lenders, and sellers alike. Ultimately, the goal of an appraisal is to determine a fair and reasonable value for any given property. Common Issues With Appraisal Quality Control. Common Issues With Appraisal Quality Control.

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McKissock

APRIL 20, 2021

But with a majority of the mortgage appraisal volume being engaged through appraisal management companies, as an appraiser, working with AMCs is almost a necessity today. Here are ten tips designed to help you improve your appraiser score, get more assignments close to home, and earn more money working with AMCs.

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Appraisal Today

JUNE 28, 2024

The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. The void in representation by the appraisal industry over the past decade on the AVM issue, to talk about those 200 feral cats living in the house being valued, has enabled AVMs to be legitimized by the federal government.

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Birmingham Appraisal

APRIL 11, 2023

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.

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Appraisal Hub

JUNE 18, 2024

In the dynamic world of real estate, the role of a real estate appraiser is paramount. Whether you’re buying, selling, or refinancing a property, a precise and professional appraisal is essential to ensure fair market value. Appraisal Hub Inc., Appraisal Hub Inc., What is a Real Estate Appraiser?

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Housing Wire

SEPTEMBER 15, 2021

As the housing economy becomes increasingly digital, appraisal modernization may hold the key to not only providing a better experience for borrowers and lenders but also reducing potential appraisal bias.

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