Remove Development Remove Reconsideration of Value Remove Reference
article thumbnail

DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , and the appraisal management company Solidifi U.S. And the Detroit-based lender believes it’s a “massive overreach.” ” On Monday, the U.S.

Appraisal 511
article thumbnail

Progress now or perfect later: Improving the appraisal process

Housing Wire

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. That means development can start this year, so the industry is ready to roll out the new forms in 2024.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A View on Risk: Desktop Appraisals

Appraisal Buzz

Desktop refers to a scope of work where the appraiser did not perform any level of viewing of the property and relied on other sources to gather property details. All three labels refer to the scope of work completed by the appraiser when completing the assignment. Lenders rely on regulation and policy.

Appraisal 435
article thumbnail

Why Appraisal Workfiles Are Important

Appraisal Today

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs.

article thumbnail

Are Appraisers Professionals?

Appraisal Today

By staying honest and true to your values, others are more likely to trust and collaborate with you or recommend you and your business. Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts.

article thumbnail

Appraisal Sq. Ft. Appraisal vs. Assessor/Public Records

Appraisal Today

The conversations around these issues are driving the profession to look at things previously unexamined in its distant past, and plot a course for the future that opens up opportunities for professional development and dialogue, mentoring roles, and a new, energized public image for the profession. There is, perhaps, a silver lining.

article thumbnail

Senators grill HUD official over absent GSE appraisal data

Housing Wire

Fannie Mae and Freddie Mac referred requests to comment to the Federal Housing Finance Agency. ” Melody Taylor, the Department of Housing and Urban Development official who directed the appraisal bias task force and testified before the committee, agreed with Toomey’s call for more data. “We

Appraisal 505