Miller Samuel

APRIL 27, 2019

After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Seriously, the value-add provided by AMCs to the appraisal process in the delivery of actual appraisals might be 5%, but no chance in hell it is 75%. This is why we need consumer protection in the mortgage business.

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Law Modernization Appraisal Real Estate 367

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.

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Appraisal Appraisal Process Client Relationships Valuation 448

Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. million armed robbery of a… Certified Appraisers vs.

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Modernization Appraisal Valuation Appraisal Process 129

AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. 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.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

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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Appraisal Technology Valuation Real Estate 83

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraised value be sufficient for the loan?”.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraised value be sufficient for the loan?”.

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Appraisal Tips Appraisal Law Market Value 78

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 Inspection Clients Appraisal Process 91

Appraisal Today

JUNE 28, 2024

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.” During my career, I have observed that valuation accuracy has become weaker as technology has expanded in the mortgage process. Private Island on New York’s St. million), and 5.27

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Valuation Appraisal Real Estate Real Estate Agent 64

McKissock

OCTOBER 12, 2021

The uniquely designed roof needs immediate replacement. There is virtually no way to get a mortgage on the property in its present condition, so it takes a cash buyer. CE Course: Learn about the differences between traditional mortgage appraisal assignments and foreclosure assignments in our course, Appraising REO Properties.

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Appraisal Market Value Investors Buyers 84

AmeriMac

MAY 15, 2024

In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry. We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process.

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Appraisal Market Value Mortgage Appraisal Appraisal Process 36

AmeriMac

JULY 11, 2022

Relocation appraisals are used to get an estimate of what a home will sell for. The appraisal professional who does the appraisal will look at many factors of the home. These include the overall design of it, what comparable sales have been, the current housing market, and the general appeal of the home.

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Appraisal Mortgage Appraisal Housing Market Inspection 36

AmeriMac

SEPTEMBER 30, 2023

This blog post will explore the importance of relocation appraisal and its purpose and approach. We’ll also discuss how it differs from mortgage appraisal, specifically designed to facilitate mortgage lending. How is a Relocation Appraisal Different from a Mortgage Appraisal?

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Appraisal Appraisal Process Real Estate Human Resources 36

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Mortgage rates were 18%+. Many appraisers are not busy.

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Appraisal Inspection Modernization Business 77

Birmingham Appraisal

APRIL 11, 2023

Typically, this area comprises homes that are similar in terms of age, quality, design, appeal, price range, school system, and transportation access points, among other factors. Appraisers will use the most recent sales available so it stands to reason that agents should do this as well.

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Realtors Bracketing Appraisal Buyers 93

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.

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Appraisal Market Value Appraisal Process Valuation 36

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = Built in 2014, the six-bedroom estate was designed to resemble an English manor.

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Appraisal Business Contracts Real Estate 52

Appraisal Today

MARCH 28, 2025

CDEI, MNAA Excerpts: Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. Remember what it was like during the crash after 2008, when there were very few loans and appraisal volume severely declined? Mortgage lending is very, very cyclical.

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Appraisal Contracts Business Reconsideration of Value 61