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FHFA extends relaxed appraisal, lending standards

Housing Wire

Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of power of attorney to assist with loan closings.

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FHFA extends relaxed appraisal, lending standards

Housing Wire

According to the FHFA, the extended flexibilities include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of power of attorney to assist with loan closings.

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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. The chief question of them all is whether there is a solution.

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Jim Amorin steps down as CEO of Appraisal Institute

Housing Wire

And we have to understand the actual events that have occurred.” ” 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. I could be held out as being biased about that type of home.

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Property Appraisal Insights: 4 Community Features that Matter

D Fritz Appraisals

Fritz , we can help you research which properties have the most potential to increase in value over time. Is it exposed to transient traffic or popular community events? They provide the space for community members to congregate for everything from family picnics and birthday parties to school events.

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A Few Surprising Factors That Can Affect Property Appraisals

Appraisal Hub

Its location, land size, and the current status of the real estate market in Toronto obviously have a huge impact on the value of your property. But did you know that there are many other elements that can help you get a higher appraisal? Homes may be stigmatized when events like killings and/or suicides happen in or near it.

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Why mortgage lenders should be using a single platform

Housing Wire

Of course, you have to work with your third-party service providers such as Verification of Assets (VOA), Verification of Income (VOI), and the tools the GSEs provide and make sure that things like the property appraisal arrives in a timely manner.

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