November, 2018

article thumbnail

Remember liar loans of a decade ago? Those same people want to do away with appraisers.

Miller Samuel

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers.

Appraisal 300
article thumbnail

How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Relax, underwriters, it’s just rural. This story first appeared in HousingWire. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Sidestepping the Appraisal and Appraisal Waivers.

Advanced Appraisal

Chicago and South Suburban Appraisal Blog

article thumbnail

Fewer Homes May Require Human Appraisals, but That May Not Be a Good Thing

Realtor

istock/cnythzl A new proposal to reduce the number of homes requiring in-person appraisals could save home buyers and those attempting to refinance hundreds of dollars, and speed up the process. This may sound like a well-timed holiday blessing, but appraisers who would be affected by the change say it could also pose all sorts of problems. The plan would require human appraisals only for purchases of homes costing $400,000 and up.

article thumbnail

Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

Fannie Mae Changes 2018

Robinson Appraisal Group

The one thing that always remains constant is change. As appraisers in this ever changing industry we have seen changes in the market, technology, bank requirements, emergence of management companies and appraisal form changes. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal. This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 –

Tools 78

More Trending

article thumbnail

How to Move Cross-Country: See How These Renters Made It Work

Zillow

When former New Yorkers Erica Warren and Cici Harrison drove across the country and settled in the Pacific Northwest, they had a list of criteria for their new rental. They’d need a parking space, a home office so Erica could work remotely and, of course, a yard so they could adopt a dog. And this rental couldn’t be too splashy, because a cross-country move is expensive enough.

article thumbnail

How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Relax, underwriters, it’s just rural. This story first appeared in HousingWire. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization.

article thumbnail

Ensuring an Accurate Home Appraisal

McCarthy Appraisal Blog

“What is my home worth” is probably the single most popular question asked when someone decides to put their home on the market. In real estate, finding out how much your home is worth is done through an appraisal, which determines the value of your house in the present day market. There are several factors taken into account when valuing a home…. The first is reproduction cost.

article thumbnail

Fewer Homes May Require Human Appraisals, but That May Not Be a Good Thing

Realtor

istock/cnythzl A new proposal to reduce the number of homes requiring in-person appraisals could save home buyers and those attempting to refinance hundreds of dollars, and speed up the process. This may sound like a well-timed holiday blessing, but appraisers who would be affected by the change say it could also pose all sorts of problems. The plan would require human appraisals only for purchases of homes costing $400,000 and up.

article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

5 Tech Tools for House Flippers and Other Real Estate Investors

Patch of Land

Whether you’re a seasoned house flipper or just planning to take your first entrepreneurial step as a real estate investor, you should always be on the lookout for new tools, processes, and best practices that can help you improve your business. For this post, we offer five great technology tools to help real estate investors of all types, particularly house flippers. 1.

article thumbnail

An Industry Update from Patch of Land

Patch of Land

You may have heard the news that crowdfunding platform, RealtyShares, is no longer offering new investments on their platform, and we believe this means they will soon be closing their doors. There has been tremendous attention and excitement in the real estate crowdfunding space over the past five years, with Patch of Land and RealtyShares among the earliest players.