Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

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Appraisal Valuation Reconsideration of Value Training 397

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The original appraisal waiver solutions were launched in August 2017.

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Modernization Appraisal Inspection Valuation 418

Appraisal Buzz

MAY 24, 2021

When you calculate a house’s worth, you think about how numerous factors position the property in the current market. This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. Three Common Methods Appraisers Can Use. That’s where possible hurdles can arise.

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Appraisal Tenants Buyers Landlords 397

Housing Wire

JULY 2, 2024

The NSMO provides a unique view of mortgage borrowers, helping illustrate underlying trends that can identify emerging issues in mortgage lending,” Saty Patrabansh, FHFA’s associate director for the office of data and statistics, said in a statement. The newest release adds data through 2021 into the available dataset.

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Mortgage Appraisal Process Finance Appraisal 421

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

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Housing Market Buyers Marketing Real Estate Agent 535

Realvals

FEBRUARY 10, 2025

Appraisals play an important role in real estate transactions, but privacy is always a concern. Home appraisals are never publicly available and are only shared with the appraiser’s client and authorized parties. This means that the general public cannot access your home’s appraisal report without permission first.

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Appraisal Property Taxes Real Estate Market Value 78

Housing Wire

APRIL 21, 2021

The regulator is also advancing permanent changes to be made in the appraisal space. ” While some flexibilities are meeting their end, the FHFA said it will extend alternative appraisals on purchase and rate-term refinance loans out another month until May 31, 2021.

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Valuation Real Estate Agent Appraisal Modernization 418

Appraisal Buzz

JULY 1, 2024

“The NSMO provides a unique view of mortgage borrowers, helping illustrate underlying trends that can identify emerging issues in mortgage lending,” said Saty Patrabansh, FHFA Associate Director for the Office of Data and Statistics. The post Government Agencies Release Mortgage Origination Data appeared first on Appraisal Buzz.

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Government Mortgage Design Property Appraisal 411

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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Appraisal Design Lending Technology 397

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. When it comes to using this third negotiating tool, Bryher said appraisal gaps must be considered carefully. In an extremely competive market?

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Inspection Sellers Buyers Tools 468

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

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Marketing Sellers Finance Loan Officers 508

Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process. Ed Gerding: Sure.

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Lending Tools Investors Inspection 444

Appraiserblogs

MARCH 27, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The End of Appraisers?

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Property Appraisal Training Lending Appraisal 214

Housing Wire

AUGUST 25, 2022

Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in a release this week. trillion in the first quarter, according to the Federal Reserve Bank of St.

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Property Appraisal Investing Contracts Lending 418

Housing Wire

AUGUST 18, 2021

One glaring example of this is asking the borrower for the same information multiple times through the lending process — a key contributor to low net promoter scores. Fast and furious in the lending world. Lending done right…end to end. Lenders are under constant pressure to move faster.

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Mortgage Technology Tools Lending 459

Appraiserblogs

APRIL 6, 2023

In response to the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae to expand its appraisal waiver program, the American Society of Appraisers (ASA) has released an op-ed by ASA’s Strategic Partnership Officer, John D. Fannie Mae’s decision to waive/eliminate property appraisal for lending… No Appraisals Required.

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Appraisal Property Appraisal Lending Finance 128

Appraisal Today

SEPTEMBER 27, 2024

What does it mean for appraisers? By considering the unique aspects of water frontage, local regulations, environmental factors, and property-specific amenities, you can provide credible and comprehensive valuations that reflect the worth of these highly sought-after properties. The best I have read on this topic.

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Property Appraisal Appraisal Training Contracts 72

Appraisal Buzz

SEPTEMBER 20, 2021

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. Realtors and Property Appraisers? But they’ll eventually deliver lucidity — allowing buyers, sellers, agents, appraisers, and lenders to plan and budget accordingly.

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Valuation Property Appraisal Real Estate Sellers 195

Cleveland Appraisal Blog

JANUARY 19, 2023

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. How about underimproved?

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Appraisal Transportation Buyers Property Appraisal 283

Appraisal Buzz

JULY 2, 2024

The NSMO provides a unique view of mortgage borrowers, helping illustrate underlying trends that can identify emerging issues in mortgage lending,” says Saty Patrabansh, associate director for the office of data and statistics for the FHFA, in a release. Today’s release adds one additional year of new mortgage data through 2021.

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Property Appraisal Appraisal Lending Finance 195

Appraiserblogs

APRIL 9, 2023

We the people need to redirect the mortgage lending direction… The time for every appraiser and consumer to step up is now. Appraisers have been the target for blame for everything gone wrong in the mortgage lending world. Appraisers have even been the target on loans gone bad after several years on payments.

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Property Appraisal Lending Appraisal Mortgage 133

Appraiserblogs

MARCH 17, 2021

Bill A5185 and AMC Bill A5146 introduced to the state legislature in New Jersey show just how much state legislators don’t understand the appraisal profession. Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. From Bill A5185: 2. 45:14F-1 et seq.)

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Appraisal Law Legal Property Appraisal 116

The Robert Weiler Company

SEPTEMBER 30, 2020

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Fortunately, we do not conduct commercial real estate appraisals on social media! Grant Applications.

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Real Estate Appraisal Valuation Property Appraisal 137

Appraiserblogs

MAY 15, 2023

CU-2)i this always dubious product of Fannie Mae is increasingly being referred to by some, if not many American Appraisers as The Fraudulator / Underwriter 2.0 (FU-2). Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. appeared on Appraisers Blogs.

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Valuation Property Appraisal Lending Appraisal 139

Appraiserblogs

MARCH 29, 2023

Waiving appraisal requirements on residential homes could erode consumer protection, stall attempts to create diversity in the profession… The recent announcement from Fannie Mae that they will waive the requirement for residential home appraisals has caused quite a stir in the industry.

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Property Appraisal Training Lending Appraisal 136

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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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Realtor

JUNE 29, 2020

“You’re eligible for an appraisal waiver!” So what is an appraisal waiver? For one, my lender assured me, it meant keeping $625 in my pocket that I would have otherwise spent on an in-person appraisal. What is an appraisal waiver? Instead, the lender assesses the property. ” Nice.

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Appraisal Technology Inspection Property Appraisal 139

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Property Taxes Real Estate Market Value 145

Appraiserblogs

JUNE 28, 2023

Related Posts: AMC Hires a Convicted Felon as Property Data Collector The recent case of Paschal Uchendu, a convicted felon awaiting sentencing for orchestrating a $1.2 Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. appeared on Appraisers Blogs.

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Property Appraisal Government Lending Appraisal 111

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser.

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Inspection Appraisal Construction Clients 105

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. home appraisal – an often mandatory step the buyer’s lender insists on.

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Inspection Appraisal Property Appraisal Real Estate 98

Appraisal Hub

NOVEMBER 23, 2022

But to ensure that your property is sold for fair market value, you’ll need the guidance of a reliable appraisal company. Why you need appraisal services in Toronto: Find the Right Value for Your Property. Appraisal companies in Toronto only provide impartial opinions based on data and research. Avoid Setbacks.

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Appraisal Property Appraisal Market Value Investing 78

Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

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Appraisal Process Reconsideration of Value Final Inspection Appraisal 88

McKissock

MARCH 18, 2022

Only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers. If you’re growing tired of appraising simple properties or you’re ready to take on more complex assignments with more income potential, it may be a good time to upgrade your appraisal license.

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Appraisal Real Estate Agent Development Property Appraisal 89

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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Appraisal Property Appraisal Sellers Mortgage Appraisal 78

Appraisal Partners Blog

JANUARY 31, 2024

However, the appraisal of residential property involves several detailed steps and considerations. That’s where Appraisal Partners comes into play. In this blog, we will tell you some benefits that will showcase the importance of residential property appraisal. Le­t’s decode this.

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Appraisal Property Appraisal Market Value Real Estate 78

Riverfront Appraisals

MARCH 5, 2021

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […]. In case you missed part one on the Final Inspection process, go back and read it here.

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