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The technology has been drifting into mortgage lending reliance for more than a decade because it has been marketed as having the ease of “pushing a button.” The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. To read more, Click Here My comments: Worth reading.
How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.
The data table definitions include columns for Field Name & Instruction, Formatted Example / Allowable Values, Photo Required? Some appraisers may want to become data collectors or do desktops. My first appraisal job was updating data records for an assessor’s office, converting to computerized valuation in the mid-1970s.
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