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HUD rescinds appraisal review policies

Housing Wire

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Department of Housing and Urban Development (HUD). Standardized federal ROV policy had been viewed as a tool to combat appraisal bias.

Appraisal 243
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Meet MortgagePoint’s Tech Excellence Award Recipients: Part V

Appraisal Buzz

Recognizing the most innovative technology providers in the mortgage industry, MortgagePoints Tech Excellence Awards highlight the companies that have developed cutting-edge solutions, improved operational efficiencies, and have enhanced the mortgage process through technology. Industry-Leading Valuation Technology: Nearly 80% of U.S.

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Building a quality-centric culture is essential to ensuring appraisal integrity

Housing Wire

These entities have implemented measures allowing homeowners to request reconsideration of appraisals, aiming to ensure fairness and accuracy. Moreover, tools like Fannie Mae’s Collateral Underwriter® (CU®) have been introduced to enhance the scrutiny of appraisal data.

Appraisal 435
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Overcoming 2023’s biggest appraisal challenges

Housing Wire

There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values. To make it worse for them, they are not large enough for technology companies to truly invest in the right tools for them to be more efficient. HW: How is Jaro using tech to revamp the appraisal process?

Appraisal 397
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White House marks one year of PAVE appraisal bias action plan

Housing Wire

Department of Housing and Urban Development (HUD) Secretary Marcia Fudge and White House Domestic Policy Advisor Ambassador Susan Rice, the PAVE task force revealed its action plan one year ago and claims that its efforts have amounted to “critical progress” in its efforts to make the homebuying process more equitable for people of color.

Appraisal 397
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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.

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A View on Risk: Desktop Appraisals

Appraisal Buzz

In turn, appraisers developed, supplemented, and maintained practices to ensure the data provided to the appraiser did not result in a misleading appraisal. Inspection relief was successful as lenders and appraisers developed appropriate processes. Lenders rely on regulation and policy.

Appraisal 435