AmeriMac

AUGUST 27, 2024

Mortgage underwriting is an essential step in getting a mortgage loan. The underwriter looks at the risk of lending you a specific mortgage amount based on your creditworthiness and the property’s value. This careful vetting process is key to deciding the terms of your mortgage loan.

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Appraisal Mortgage Lending Market Value 36

Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.

Real Estate 67

Real Estate Appraisal Valuation Legal 67

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021.

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Lending Appraisal Inspection Property Appraisal 493

D Fritz Appraisals

SEPTEMBER 11, 2023

Whether you are planning to sell in the near future or not, most people want to be reassured that any major renovations they invest in will be reflected in an increased home valuation. For example, if you spend $20,000 on a renovation and the valuation of your home goes up by $20,000, that is a 100% ROI.

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Renovations Home Value Valuation Market Value 120

Appraiserblogs

MARCH 29, 2023

With falling values across many markets combined with rising mortgage rates putting even more pressure on borrowers’ wallets, this decision could potentially put. Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Related Posts: Dear Representative, FNMA Has Gone Rogue!

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Property Appraisal Lending Training Appraisal 128

AmeriMac

JUNE 30, 2024

Conducted by a licensed appraiser , the appraisal plays a critical role in the mortgage process by determining the loan amount your lender will offer. In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers.

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Appraisal Renovations Mortgage Inspection 36

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

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Appraisal Real Estate Valuation Contracts 89

Housing Wire

AUGUST 6, 2024

Department of Housing and Urban Development (HUD), the FHA and the government-sponsored enterprises (GSEs) in collaboration with the Federal Housing Finance Agency (FHFA) — was designed to ”develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by” the GSEs, HUD explained.

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Reconsideration of Value Appraisal Design Valuation 430

AmeriMac

JUNE 15, 2024

Key Highlights Real estate investment properties require accurate appraisals to determine their market value and potential return on investment. The appraisal process involves various valuation methods such as the sales comparison approach, income approach, and cost approach.

Property Appraisal 36

Property Appraisal Investing Appraisal Property Taxes 36

AmeriMac

MAY 30, 2024

Introduction The process of appraising a property is crucial in the real estate market. It involves determining the value of a home or property, which is an essential aspect of buying, selling, and financing. In the real estate industry, desktop appraisals have become a valuable tool for real estate professionals.

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Appraisal Process Appraisal Inspection Real Estate 36

AmeriMac

OCTOBER 30, 2023

The appraisal industry has undergone a significant transformation in recent years, with the emergence of alternate valuation products like the property inspection waiver program. We will also compare the advantages and challenges of these products compared to traditional valuation methods.

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Valuation Appraisal Inspection Technology 36

Aedis Appraisals

FEBRUARY 1, 2018

By using this type of business, you can make sure that your valuation is done with precision and efficiency. A home appraisal in Toronto Ontario is defined as an inspection to estimate the value of a home. Mortgage lenders require an appraisal to confirm the value of the collateral for financing. Appraisal Costs.

Real Estate 36

Real Estate Appraisal Inspection Property Taxes 36

Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Reconsideration of Value Appraisal Valuation Appraisal Process 468

Realtor

MARCH 9, 2016

The home appraisal expert didn’t do a neighborhood deep-dive. To appraise the value of a property, appraisers rely heavily on comps, which are prices paid for similar homes sold recently. But the appraiser could select comps of homes that sold for mysteriously low prices.

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Appraisal Valuation Inspection Property Appraisal 78

Housing Wire

JUNE 2, 2023

On the heels of a Thursday announcement by six federal agencies unveiling a proposed rule that would implement quality control standards that govern the use of automated valuation models (AVMs), Vice President Kamala Harris weighed in. In addition, the proposed rule expressly includes a nondiscrimination quality control standard.”

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Appraisal Reconsideration of Value Valuation Development 403

Empire Appraisal Group

MAY 9, 2024

New Requirements Aim to Reduce Appraisal Bias The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations.

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Reconsideration of Value Appraisal Valuation Training 78

The Robert Weiler Company

OCTOBER 15, 2021

As such, you must determine how involved you will be in the day-to-day administration of your property. If you are purchasing the commercial property for your business purposes, you must be prepared to keep that space occupied. The mortgage payments, utility fees, and maintenance costs are all on your shoulders.

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Investing Real Estate Tenants Investors 138

Realvals

JUNE 18, 2023

With this comprehensive list, you’ll find the most common and some more uncommon reasons to get an appraisal. Buying a Home When buying a home, an appraisal can help you in two ways. One, as way to know the value before making an offer, and two, for the mortgage process after making an offer.

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Appraisal Property Taxes Real Estate Market Value 145

McKissock

DECEMBER 28, 2021

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Mortgage rates are expected to rise, but still remain attractive and reasonable. So, many markets may cool off.”.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

Appraisal Today

JULY 12, 2024

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria?

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Appraisal Design Contracts Business 70

McKissock

DECEMBER 3, 2021

During the last several weeks, the task force has held online “listening sessions” to solicit feedback from appraisers, lenders, and other stakeholders in the residential mortgage lending industry. Co-chaired by current HUD Secretary Marcia Fudge and former U.N.

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Appraisal Process Law Property Appraisal Government 80

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there.

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Appraisal Loan Officers Valuation Finance 370

Housing Wire

MAY 1, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD.

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Reconsideration of Value Appraisal Valuation Realtors 460

Appraisal Buzz

JUNE 28, 2024

Attendees included past FHA Commissioners and leaders from the housing finance and advocacy communities. FHA is the largest mortgage insurer in the world, serving a higher percentage of first-time home buyers, low- and moderate-income households, and people of color than any other mortgage channel.

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Insurance Finance Development Mortgage 195

Housing Wire

NOVEMBER 30, 2021

After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. Data and compliance standards need to improve to more effectively identify valuation bias. We need more science and less art.

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Appraisal Process Modernization Appraisal Valuation 430

Housing Wire

MAY 27, 2022

There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. First, we must acknowledge the impact that appraisal bias continues to have on minority homeowners and the broader housing system.

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Appraisal Valuation Technology Modernization 403

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Appraisal Valuation Inspection Law 370

Clear Capital

JANUARY 5, 2023

It should therefore come as no surprise that nearly every component of the housing and housing finance ecosystems has been impacted in some way by — at a minimum — the past 90 years of legislated unequal access to opportunity. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny.

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Appraisal Modernization Valuation Appraisal Process 69

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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Modernization Insurance Lending Mortgage 370

Appraisal Buzz

JULY 11, 2024

All candidates, no matter what party they lead, will be tasked with providing solutions to address the record-high median prices and mortgage rates that continue to shut out many from achieving the American Dream. Q: What do you anticipate will be the primary impact on mortgage and housing if President Biden wins re-election in November?

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