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. No longer will appraisers find the right field and check the right box.
Annarbor Appraisal
SEPTEMBER 6, 2020
Even though the lender is the client, the borrower is by regulation, required to be given a copy of the appraisal report. When a sale is involved, the valuation may be lower than contracted price. Sometimes there are sales that were showing as under contract as of the effective date of the appraisal that had closed.
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Birmingham Appraisal
AUGUST 23, 2023
The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.
Birmingham Appraisal
SEPTEMBER 15, 2022
What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.
Appraisal Today
MARCH 15, 2024
Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. This kept appraisers busy. I worked for an assessor’s office then.
Appraisal Today
MAY 19, 2023
Only a little of it is relevant to the practicing appraiser. I hope someone provides only what is essential to appraisers: Fannie or Freddie. The reality is you don’t know what you don’t know, especially if you’ve never done non-lending appraisals. The average contract interest rate for 5/1 ARMs increased to 5.71
Genworth MI Blog
JUNE 27, 2019
This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. Because of this reality, many laws and regulations have been enacted over the past 10 years to discourage improper communication with the appraiser.
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