Housing Wire

JULY 5, 2022

Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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Housing Wire

JULY 11, 2024

The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act. White and 0.6%

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Appraisal Valuation Development Property Appraisal 432

Housing Wire

SEPTEMBER 21, 2021

The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis capabilities. Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said.

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Appraisal Modernization Property Appraisal Design 476

Housing Wire

DECEMBER 6, 2021

Fair Housing of Northern California also names itself as a plaintiff, contending that their investigation into the Austin appraisal, “diverted resources, including staff time and financial resources, from other investigations and activities.”. In July, Fair Housing of Northern California filed a complaint with the U.S.

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Housing Wire

AUGUST 18, 2021

Development of this technology was slow initially compared to other markets, but COVID has accelerated it into high gear. Loan origination system developers, for the most part, have focused their efforts on loan processing through the post-closing process. Start at the beginning with the point of sale.

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Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

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Development Appraisal Property Appraisal Insurance 450

Appraisal Buzz

OCTOBER 28, 2024

Department of Housing & Urban Development (HUD) have released new appraisal data from loan applications on single-family mortgages submitted to HUD’s Federal Housing Administration (FHA). The data previously included only appraisals of properties where the loan would be acquired by Fannie Mae or Freddie Mac (GSEs).

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Appraisal Insurance Valuation Property Appraisal 409

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

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Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. The world is a dangerous place for appraisers.

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Appraisal Buzz

JANUARY 24, 2022

RemoteVal training will help appraisers spend more time on professional analyses while maintaining overall control of the inspection process,” said Renee Altier, President, Valuation and Property Services, Colibri Group, whose businesses include McKissock Learning.

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Housing Wire

MARCH 3, 2021

The answers to these questions will be supplied to the test taker, but they will have to figure out where those answers can be found within the book on standards, called the Uniform Standards of Professional Appraisal Practice (USPAP). Soon after, the Appraisal Foundation took control of USPAP.

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Appraisal Valuation Law Inspection 448

McKissock

NOVEMBER 19, 2021

Top reasons why people choose an appraisal career include income potential, opportunity for flexible hours, and diverse career paths. Keep reading for insights on the appraisal profession, how to become a property appraiser, and, finally, how to maintain your license and grow your career. Call 800.328.2008.

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Property Appraisal Appraisal Real Estate Real Property 82

Housing Wire

APRIL 14, 2023

The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. Neighborhoods are subject to the choices of developers, municipal governments and other outside groups. Who decides what our neighborhoods look like?

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Cleveland Appraisal Blog

MAY 26, 2023

The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital property appraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser. Not just annually.

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Appraisal Real Estate Agent Real Estate Valuation 301

Housing Wire

OCTOBER 23, 2020

Previously, the FHA integrated its Electronic Appraisal Delivery module to the Catalyst platform for lenders to submit, track and manage single-family property appraisals.

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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.

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Lending Tools Investors Inspection 446

Housing Wire

NOVEMBER 17, 2022

” In March, the Department of Housing and Urban Development ‘s Property Appraisal and Valuation Equity (PAVE) task force released an action plan for eliminating bias. That’s kind of what unconscious bias is. And we have to understand the actual events that have occurred.”

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Appraisal Valuation Modernization Property Appraisal 370

Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. And as a bonus, the spec provides a home for digital captures of properties to be included.

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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

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?

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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.

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Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Valuation Appraisal Contracts Legal 360

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.

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Cleveland Appraisal Blog

NOVEMBER 11, 2021

” I wonder what would have happened if they had hired appraisers to appraise the homes they were buying, and relied upon a professional real property appraisers’ opinion of value when making their decisions? I regularly work for investors who hire me to appraise a home they are interested in buying.

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Housing Wire

OCTOBER 10, 2023

Property appraisal information Detailed outline or description of each property. These details are more relevant and appropriate in an appraisal. Unlike Properties: Omit any properties in completely different locations or those in a different size or price range. CMA reports are simple and effective tools.

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Housing Wire

DECEMBER 14, 2021

FHFA participates in the task force the Department of Housing and Urban Development convened earlier this year to root out appraisal bias, in light of numerous media accounts of appraisers undervaluing appraisals for Black homeowners.

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Appraisal Valuation Finance Training 459

McKissock

AUGUST 18, 2020

In my previous blog post , I observed that specializing in complex property appraisal can be very profitable for the residential appraiser—in Florida and all across the U.S. Interested in complex property appraisal? More examples of complex property appraisal assignments. Market to non-lender clients.

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McKissock

DECEMBER 7, 2021

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies. Learn more in our free guide, The ROI of Professional Development for Appraisers.

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The Robert Weiler Company

MARCH 15, 2021

Committed to 20 percent affordable housing options, the River & Rich project is a story of renewal and community rebirth via unique properties for sale. And, it is a major development that the Columbus region should celebrate. However, before you head over there, let’s talk about special purpose property appraisal.

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The Robert Weiler Company

SEPTEMBER 30, 2020

And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. For grants secured for commercial real estate acquisition or development, appraisal reviews are a must-have. Grant Applications. Litigation.

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Boston Appraisal

FEBRUARY 11, 2024

These databases are instrumental in providing appraisers with historical sales data, preservation records, and other relevant information. However, it may lack the historical significance that often adds value to preserved properties.

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Appraisal Buzz

JANUARY 24, 2022

Recognizing the challenges and resistance to alternative appraisal products, we’ve developed RemoteVal to fulfill the promise of an appraiser driven solution that can deliver speed that lenders and consumers want, while keeping the appraiser in control of the process. Buzz : Why should appraisers attend your webinar?

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Appraiserblogs

MAY 15, 2023

The end result of which includes OUTRIGHT FRAUD being perpetrated against banks via the repurchase letters Fannie Mae now issues on a quota based system rather than because of legitimate appraisal defects. Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness.

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Boston Appraisal

MARCH 18, 2024

Tax Disputes : Property owners challenging their tax assessments, whether for year property taxes or estate and probate taxes, rely on appraisers. Eminent Domain Cases : When government entities acquire private land for public use, appraisers determine just compensation for property owners.

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AmeriMac

OCTOBER 28, 2024

Understanding these distinctions is crucial for accurately evaluating the value of REO properties compared to conventional real estate assets. The Appraisal Challenges for REO Properties Appraising REO properties presents special challenges for real estate experts.

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Appraiserblogs

MARCH 8, 2021

The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. Unlike other exposure drafts, the text of the AO opinion has been rewritten.

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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.

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