Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

Appraisal 353

Appraisal Market Value Legal Property Appraisal 353

Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. The appraiser will be led through a process, defined by the scope of work. But we are still stuck with the “form” functionality.

Appraisal 397

Appraisal Design Lending Technology 397

Boston Appraisal

APRIL 18, 2024

Mixed-use developments, which integrate residential, commercial, and sometimes industrial components within a single project, represent a modern approach to urban planning. However, appraising such complex properties presents unique challenges and opportunities for real estate professionals.

Development 78

Development Appraisal Valuation Retail 78

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

Valuation 91

Valuation Property Appraisal Training Appraisal 91

McKissock

MARCH 17, 2023

property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser. Yes, supervisory appraisers are allowed to supervise up to three trainees at the same time.

Appraisal 97

Appraisal Training Property Appraisal Real Property 97

Clear Capital

MARCH 30, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process.

Appraisal 69

Appraisal Valuation Real Estate Modernization 69

Housing Wire

NOVEMBER 30, 2021

These and other steps are sorely needed to bring the appraisal process in line with advances to digitize mortgages, utilizing technology to combat inconsistencies that continue to beleaguer the profession, and reduce closing slowdowns often caused by appraisal capacity issues. The modern appraisal movement is accelerating.

Appraisal Process 448

Appraisal Process Modernization Appraisal Valuation 448

Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

Appraisal 70

Appraisal Inspection Modernization Business 70

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. How to take advantage of desktop appraisals.

Valuation 68

Valuation Appraisal Inspection Appraisal Process 68

Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference.

Appraisal 71

Appraisal Modernization Training Business 71

Clear Capital

MAY 24, 2022

Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. So when it comes to valuing properties in a volatile market, as we experienced in the years since the pandemic, choosing the right AVM is imperative.

Housing Market 69

Housing Market Valuation Marketing Real Estate 69

Real Quantum

JANUARY 10, 2021

Realquantum, already heralded as the premier commercial property appraisal software, helps valuation and advisory teams eliminate tedious manual work and boost revenue 50%, while helping them curate the best quality commercial property data available. ABOUT ROCKPORT VAL.

Valuation 36

Valuation Real Estate Technology Modernization 36

Appraisal Today

AUGUST 18, 2023

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

Appraisal 76

Appraisal Contracts Inspection Real Estate 76

Appraisal Today

JULY 12, 2024

Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts. At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria?

Appraisal 69

Appraisal Design Contracts Business 69

AmeriMac

JANUARY 3, 2022

They use information about these comparable homes to develop a fair value given the current conditions of the market. For the sake of example, let’s say a buyer agrees to buy a property for $500,000. Everything seems to be proceeding along exactly as it should… until the property appraised at $400,000.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

They use information about these comparable homes to develop a fair value given the current conditions of the market. For the sake of example, let’s say a buyer agrees to buy a property for $500,000. Everything seems to be proceeding along exactly as it should… until the property appraised at $400,000.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

Appraisal Today

NOVEMBER 20, 2022

Due to the shortage of review appraisers (exacerbated by low fees and time pressures), tens of thousands of poorly created appraisals were accepted without receiving adequate review. Many appraisers were bragging about their ability to fill out two or three appraisal forms a day and receive no call-backs from lenders. .

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

D Fritz Appraisals

JANUARY 5, 2024

Community features and neighbourhood amenities are topping the modern buyer’s wish list. With increasing real estate prices, property owners are demanding more. Beyond the conveniences of a house, these community features should also be considered when assessing a property’s value. What Makes A Location Desirable?

Property Appraisal 113

Property Appraisal Appraisal HOA Real Estate 113

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It did not even though many lots nearby were developed.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

MAY 27, 2022

Likewise, a 2021 Freddie Mac study of more than 12 million appraisals dating back to 2015 found that appraisers’ opinions of value were more likely to fall below the contract price in Black and Latino census tracts. Some researchers point to appraisal methodology as a culprit. The scope of the challenge should not discourage us.

Appraisal 418

Appraisal Valuation Technology Modernization 418

Housing Wire

JANUARY 20, 2022

And they question the power of The Appraisal Foundation , a private, nonprofit group that has become the de facto maker of appraiser qualification standards. The report was released as the Biden administration’s task force on appraisals – Property Appraisal and Valuation Equity , or PAVE – has yet to make their own recommendations.

Appraisal 418

Appraisal Valuation Real Estate Technology 418

Clear Capital

JUNE 21, 2022

Fannie Mae’s study , while finding that homes owned by white borrowers were more often overvalued than homes owned by Black borrowers, furthered the discussion around Appraisal Modernization, including the use of AVMs in property valuations. Upcoming changes to AVM compliance and regulation . AVMs faced intense scrutiny.

Valuation 68

Valuation Technology Lending Real Estate 68

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 370

Appraisal Valuation Inspection Law 370

Appraisal Buzz

JUNE 28, 2024

Removed barriers to homeownership: FHA increased access to homeownership for borrowers with student loan debt, those seeking to purchase manufactured homes or properties with Accessory Dwelling Units, and households with a strong history of on-time rental payments.

Insurance 195

Insurance Finance Development Mortgage 195

Appraisal Today

NOVEMBER 29, 2024

Soaring ceilings, expansive open spaces, & impeccable finishes, every detail reflects modern elegance. monthly user fee for all appraisers utilizing their portal to receive and submit appraisal orders. This fee will be in addition to the existing technology fees already charged on a per-appraisal basis.

Appraisal 77

Appraisal Business Contracts Real Estate 77

Appraisal Today

NOVEMBER 16, 2024

Well like any other appraisal question it depends on the scenario. Is it an image or text development tool, mathematical or data science based. Gen Ai is an excellent tool that can augment the appraisal process when it is navigated responsibly by the user. It also varies on the Gen AI being used.

Appraisal 80

Appraisal Valuation Contracts Mortgage 80

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Modernization 370

Modernization Insurance Lending Mortgage 370

Appraisal Buzz

JULY 11, 2024

From modern images of Santa Claus and Uncle Sam, Nast also popularized the donkey to represent the Democratic party and the elephant for the Republican party. Political cartoonist and “Father of the American Cartoon” Thomas Nast , while not necessarily a household name, is renowned for illustrating a number of famous and iconic drawings.

Government 221

Government Housing Market Mortgage Finance 221

Housing Wire

OCTOBER 25, 2024

But Project 2025 could serve as a “menu” as incoming officials develop the policies they seek to implement. Department of Housing and Urban Development (HUD) covers 14 pages. But it would also maintain current budget authority for technology modernization efforts.

Government 448

Government Insurance Development Modernization 448