Housing Wire

MARCH 21, 2023

Lender and appraisal management companies and other property data collection companies can now use Black Knight ‘s Scout mobile property inspection as part of the value acceptance plus property data process. The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative.

Valuation 272

Valuation Appraisal Modernization Inspection 272

Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. appeared on Appraisers Blogs.

Modernization 129

Modernization Appraisal Valuation Appraisal Process 129

Housing Wire

JUNE 2, 2022

As the traditional in-person notarization process can involve hundreds of paper records, you’re also losing the eco-friendly appeal with modern borrowers expecting a paperless process. There are many eClosing solutions lenders and title agencies can choose from to ensure borrowers a modern, secure experience.

Modernization 418

Modernization Design Technology Agents 418

Housing Wire

JUNE 14, 2022

Desktop appraisals and hybrid appraisals, where an independent third-party inspects the property, both “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower,” wrote Fannie Mae. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 362

Appraisal Valuation Inspection Law 362

Housing Wire

JANUARY 31, 2021

The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics.

Valuation 291

Valuation Technology Real Estate Development 291

Appraisal Buzz

MARCH 7, 2022

The rules governing the appraisal industry can swing wildly and often. According to a new Desktop Underwriting standard, for transactions that meet certain conditions—a purchase, not owner-occupied, and LTV of 90% or less—the appraiser doesn’t need to visit and inspect the property. And that can be frustrating.

Appraisal 305

Appraisal Inspection Real Estate Government 305

Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. The pandemic gave the housing industry time to test and learn the risks that could be involved with desktop appraisals.

Appraisal 418

Appraisal Valuation Technology Inspection 418

Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370

HOA Insurance Legal Fees Valuation 370

Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. The term “redlining” comes from the development by the New Deal by the federal government of maps of every major metropolitan area in the country. Government Segregated America. The wife is African American, and her husband is white.

Valuation 370

Valuation Appraisal Real Estate Insurance 370

Housing Wire

JUNE 7, 2022

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Both lenders and servicers are under constant time pressure to complete their work.

Lending 363

Lending Mortgage Technology Modernization 363

Appraisal Buzz

MARCH 28, 2022

This duty of care is governed by the Uniform Standards of Professional Appraisal Practice (USPAP). Appraiser Responsibility. The ANSI standard does however require measurements to the nearest inch or tenth of a foot when using English measurements (the common unit of measurement here in the United States).

Appraisal 370

Appraisal Tools Technology Clients 370

Appraisal Buzz

JULY 22, 2024

Mortgage Servicing Forum From loss mitigation to navigating compliance concerns and the potential industry impact in an uncertain election year, Five Star’s Mortgage Servicing Forum brings together top mortgage servicing executives and government representatives to discuss the challenges facing our industry and determine the best paths forward.

Technology 221

Technology Government Law Mortgage 221

Appraisal Buzz

OCTOBER 1, 2024

The program provides the ability to obtain free home inspections to identify storm mitigation measures. Additionally, the federal government is dedicating more attention and resources to wildfire mitigation, suppression, and management.

Insurance 221

Insurance Marketing Law Modernization 221

Appraisal Buzz

SEPTEMBER 24, 2024

This panel explored ideas about modernizing the practices and processes involved in inspections, hazard claims and disaster response, and rural and urban necessities. Maher introduced the first of several panels scheduled throughout the day, “From Deficiencies to Efficiencies.”

Client Relationships 221

Client Relationships Development Investors Clients 221

GoForrmz

MAY 13, 2022

Digital forms and solutions are critical for modern transportation teams Transportation is a tough job, and the industry is approaching its toughest week of the year: International Roadcheck. This is a 72-hour event with increased inspections all throughout North America. Is your transportation team ready?

Transportation 78

Transportation Inspection Logistics Business 78

Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. predictable scheduling, no weather delays, ease of inspection, etc.). Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. can work at night).

Construction 148

Construction Loan Officers Training Lending 148

Lamacchia Realty

JANUARY 31, 2025

Local government websites often have detailed maps and reports on flood zones, storm surge risks, and hurricane histories. Inspecting the Propertys Location The location of the property plays a crucial role in assessing hurricane risk. Inspect these aspects and plan for necessary changes to improve the propertys resilience.

Insurance 44

Insurance Inspection Construction Transportation 44

Listing Spark

APRIL 9, 2025

Consider affordable updates like replacing outdated hardware, refinishing cabinets, or installing new light fixtures to give these spaces a modern feel without breaking the bank. Alternatives to Traditional Commission Models Modern selling approaches offer alternatives to the traditional high-commission model.

Real Estate 36

Real Estate Modernization Buyers Real Estate Agent 36

Clear Capital

MARCH 23, 2022

Last year’s acquisition of CubiCasa by Clear Capital, a national real estate valuation technology company, was just one step in the firm’s overall mission to modernize the appraisal process, a top official told Mortgage Professional America. READ FULL STORY.

Appraisal Process 36

Appraisal Process Modernization Appraisal Inspection 36

Appraisal Today

NOVEMBER 1, 2024

By increasing the maximum allowable loan-to-value (LTV) ratio for full appraisal waivers from 80% to 90%, and for inspection-based appraisal waivers from 80% to 97%, the FHFA is taking a risky and potentially irresponsible step that could have far-reaching consequences.

Appraisal 91

Appraisal Training Contracts Mortgage 91

Realtor

MAY 15, 2023

“For a hybrid appraisal, the inspection, sketch, and photos are completed by a third party,” says Matthew Love , a HUD/FHA-approved Certified Residential Appraiser at Real Estate Bees. The hybrid appraisal uses a form almost identical to the URAR, but the appraiser doesn’t go to the property.

Appraisal 104

Appraisal Real Estate Appraisal Process Market Value 104

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

Appraisal 77

Appraisal Inspection Modernization Business 77

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. Keep reading to understand the new guidelines and what they mean for the mortgage industry.

Valuation 69

Valuation Appraisal Inspection Appraisal Process 69

Housing Wire

NOVEMBER 30, 2021

The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. The modern appraisal movement is accelerating. Consider that, per recent research by Freddie Mac , 12.5%

Appraisal Process 448

Appraisal Process Modernization Appraisal Valuation 448

Town & Country Residential Appraisals

MARCH 30, 2020

AMC’s - “Appraisal Management Company” These organizations have come into existence in an attempt to fulfill government regulations to ensure that banks could not commit mortgage fraud like the practices seen prior to 2008. Thankfully in the modern world, documents can be sent immediately. Slow turn around.

Appraisal Process 53

Appraisal Process Appraisal Inspection Finance 53

Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. predictable scheduling, no weather delays, ease of inspection, etc.). Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. can work at night).

Construction 78

Construction Loan Officers Training Lending 78

Appraisal Today

JANUARY 31, 2025

Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem, such as cancer. Application activity was slightly weaker, primarily because of a 7 percent decline in refinancing across both conventional and government loans, said Joel Kan, MBAs Vice President and Deputy Chief Economist.

Appraisal 68

Appraisal Contracts Real Estate Insurance 68

Eppraisal

MARCH 28, 2023

All inspections are complete and the structure is code-approved. Government-backed and private research indicates that new homes are more expensive, often by tens of thousands of dollars. " There is no waiting for completion, inspection or certificate of occupancy. Floor plans are more state-of-the-art than with older homes.

Construction 36

Construction Inspection Property Taxes Home Value 36

Appraisal Today

AUGUST 18, 2023

With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. This was the same process many of us underwent with the exterior-only (drive-by) inspections. Government purchase applications provided a bright spot, increasing 2.4

Appraisal 83

Appraisal Contracts Inspection Real Estate 83

Walitt Solutions

JULY 28, 2019

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. So, with the changes in the first mortgage space, I asked the audience to consider several questions, when examining the varied face of property inspections that are currently in practice in the overall valuation profession.

Appraisal 28

Appraisal Inspection Valuation Lending 28

Will Springer Realtor

APRIL 23, 2024

. “When a home is enrolled in the HERS rating system, it delivers indisputable measured value as compared to the average new build,” says Jason Boyer, whose firm recently developed Karma , a modern community in Phoenix. Before goods arrive at the home, consumers are now examining their origin and how items are produced.

Land Management 36

Land Management Construction Development Design 36

Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. Many appraisers have expressed that they will never sign a report they didn’t personally inspect.

Appraisal 52

Appraisal Contracts Architecture Law 52

Will Springer Realtor

MAY 9, 2022

Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. Yes, pockets of King County may experience new home listings lasting for weeks rather than days, fewer offers on homes, bids at or even below the asking price and more of them with contingencies for home inspections and other conditions.

Architecture 36

Architecture Design Buyers Construction 36

Housing Wire

APRIL 25, 2022

But the federal government has fixed its might on the former. The strategy has irked appraisers, in large part because they feel the federal government has not yet proven its case. There is a great reluctance on part of most homeowners to have an interior inspection,” said Youngman. Drive-by assessments.

Property Taxes 435

Property Taxes Appraisal Government Valuation 435

Will Springer Realtor

AUGUST 9, 2022

Many local governments permit at least one dwelling unit with the main residence and some locales accept an attached and detached unit on the same property. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. I have written on this topic before.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 13, 2024

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. The listing video is mesmerizing.

HOA 36

HOA Transportation Construction Buyers 36

Clear Capital

JANUARY 5, 2023

government made bold steps to support homeownership through the GI Bill. Before that, the government addressed these issues through housing programs started under the New Deal. The government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae have released research addressing the existence of substantial appraisal gaps.

Appraisal 69

Appraisal Modernization Valuation Appraisal Process 69