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.

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Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Housing Wire

JANUARY 3, 2022

Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. According to a recently published study by the U.S.

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Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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Valuation Technology Real Estate Development 362

Housing Wire

MARCH 11, 2021

However, the government agency is now pushing that back to at least April 30, 2021. Fannie Mae noted at the time that many lenders were unable to obtain an appraisal based on a full interior and exterior inspection of the subject property as the virus continued to spread. In a statement issued on Feb.

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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.

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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. Areas more exposed to such risk are likely to see increased volatility in valuations.” The post Going to Extremes appeared first on Appraisal Buzz.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Housing Wire

MAY 23, 2023

In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

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Housing Wire

MAY 25, 2021

In these scenarios, no inspection or appraisal of any kind is performed on the property. In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process. Poor data visibility. In 2020, the use of “blind” appraisal waivers reached staggering, record highs.

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Appraisal Buzz

FEBRUARY 7, 2022

Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.

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D Fritz Appraisals

JANUARY 29, 2025

While assessments and appraisals both provide property valuations, their purpose, methods and impact on homeowners differ vastly. As property values soar and housing accessibility becomes more challenging, understanding the role of these valuations in shaping real estate decisions is more critical than ever.

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Realvals

FEBRUARY 10, 2025

The methodology of this valuation approach is based on the principle of substitution. These include public records, MLS listings, and their own inspections/observations. These are done for government-backed loans. While they serve different purposes, both play important roles in real estate transactions and local governance.

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Housing Wire

JANUARY 7, 2021

With the integration, Blend will have access to the companies Dual AUS functionality – a product unveiled in 2018 with the ability to run an application through both systems and quickly identify property inspection waivers early on in the process.

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Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. An incomplete or incorrect legal description can complicate the appraisers research and lead to errors in the valuation. Include notes on sales you believe are not good comparisons and explain why.

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Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. The servicing platform can place the orders easily enough, but then what?

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Appraisal Buzz

DECEMBER 20, 2021

Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market. The company is a national provider of best-in-class valuations, inspections and data products for lenders throughout the country, and is headquartered in Charlotte, North Carolina. About Incenter Appraisal Management.

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Housing Wire

JANUARY 11, 2024

In Europe, with GDPR, they’re pretty far ahead of us, but our government is catching up really fast. .” What should we be paying attention to that we’re not? John Ashley, PRMG CIO and CISO: “Privacy is a huge area. But the biggest thing is just the web of state regulations. Everyone’s using data, but it’s how you use it.”

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Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Clear Capital

MARCH 4, 2022

In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. A desktop appraisal , also known as an appraisal without an onsite inspection, is a faster way to complete an appraisal for a home loan. What is a desktop appraisal?

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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.

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DataMaster

APRIL 6, 2021

In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. An appraisal is an unbiased valuation of the fair market value of a home. They are also monitored by Government Sponsored Entities (GSEs) Fannie Mae and Freddie Mac. Home values were skyrocketing and rising weekly.

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The Appraiser Coach

JANUARY 2, 2024

The point is simple; you have options both inside and outside the valuation profession. It can be so easy for us sometimes to feel trapped. That is not to say you must do desktops to continue in appraisal. In fact, I am trying to covey the exact opposite of that message.

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Padove Appraisal Service

JANUARY 11, 2019

Most attempts to remove the appraisal requirement have included use of an automated valuation model (AVM). In short, any reliable valuation of a home requires the expertise of a local appraiser. Without a home appraisal waiver, FNMA and FHMLC retain the right to require lenders to purchase back a loan when valuation issues arise.

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Realvals

JUNE 18, 2023

Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries. This independent valuation helps divide assets and avoid disputes in the divorce proceedings. Setting a Clear Transaction Record: A professional appraisal provides a clear and objective valuation of your property.

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Birmingham Appraisal

NOVEMBER 20, 2024

Myth #2: Appraisals are the same as the Zillow Zestimate The Zillow Zestimate is a type of AVM (Automated Valuation Model) that takes information that is fed into it and uses it to spit out a value. Myth #8: Appraisals and home inspections are the same I get calls quite often from people who need a home inspection. Guess what?

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Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. Septic system in good condition. Free of mold. Equal Opportunity Lender.

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Realtor

MAY 18, 2018

The government-sponsored enterprises have started to use proprietary analytics and property data to value homes. That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation.

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Realtor

MAY 18, 2018

The government-sponsored enterprises have started to use proprietary analytics and property data to value homes. That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation.

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Appraisal Today

NOVEMBER 1, 2024

As an appraiser, understanding the nuances of kitchens is essential to providing credible and insightful valuations. Government refinances accounted for a large part of the decrease, dropping 12 percent over last week.” A well-appointed kitchen can significantly enhance a property’s appeal and marketability.

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Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. Septic system in good condition. Free of mold. Equal Opportunity Lender.

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Buyers Inspection Loan Officers Real Estate 60

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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Listing Spark

APRIL 9, 2025

The Role of Online Home Valuation Tools While online home valuation tools from popular real estate listing websites provide a convenient starting point, they should never replace professional analysis. Negotiating Inspection Results Home inspections often reveal issues that buyers may request be addressed before closing.

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Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. I had niece who had several horses for many years where she lived.

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Appraisal Today

JANUARY 31, 2025

Fannie Mae only accepts the sales comparison approach as its primary valuation tool. Valuation Profession Fact Sheet Effective 08/01/2023 Men 67.9% One of the first casualties was the insidious Property Appraisal and Valuation Equity (PAVE) initiative My comments: When I Googled appraiser bias and PAVE many links showed up.

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East Coast Appraisal

JULY 7, 2022

This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. . Some people assume that the valuation process takes several hours to complete. Remember, every appraiser has an appraisal checklist that guides them during the valuation process.

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Property Appraisal Appraisal Valuation Appraisal Process 52

DataMaster

APRIL 6, 2021

In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. An appraisal is an unbiased valuation of the fair market value of a home. They are also monitored by Government Sponsored Entities (GSEs) Fannie Mae and Freddie Mac. Home values were skyrocketing and rising weekly.

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Appraisal Appraisal Process Buyers Legal 78