Appraisal Buzz

SEPTEMBER 9, 2024

Friends, appraisers, countrymen, lend me your ears: I’m Jason Covington, Tennessee appraiser, here to share my insider impressions of Valuation Expo XXI. But somehow, Hal — who had a hurt ankle and was walking with a cane — limped onstage for his opening “VET” talk (Valuation, Education, Tech). Suddenly, it didn’t.

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Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. due to the slowdown in the housing market, according to the firm. Real estate valuation analysts are most affected by the cut in Roseville, with 25 out of a job.

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Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market.

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Appraisal Buzz

DECEMBER 6, 2021

With the current red hot housing market, demand for appraisers is outstripping the reduced supply, which is pushing up fees and pushing out appraisal completion times. Instead, tech innovations have started to enter the market with the goal of optimizing the appraisal process by automating key portions of a property’s valuation.

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Appraisal Buzz

APRIL 2, 2025

And who better to break it all down than the newest Valuation Visionary, Liz Green? Tune in for an insightful conversation on the future of valuation. Well discuss the road ahead, the challenges of industry-wide adoption, and how to get everyone on the same page.

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Appraisal Buzz

SEPTEMBER 19, 2022

Valuation Expo 2022 at the Mirage Hotel in Las Vegas was a record-breaking success! With our highest numbers recorded for attendance in the last 10 years, Valuation Expo provided everyone with the connections they wanted and need to build their business. There was a lively debate about where this housing market is heading.

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Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Navigating appraisal challenges in today’s housing market. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data.

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Housing Wire

NOVEMBER 18, 2021

As everything continues to accelerate and the FHFA considers making widespread changes to the appraisal process, lenders need to make sure they’re working with technology vendors who are ready to respond to changing market conditions and are prepared for new approaches to valuation. Appraisal challenges impact everyone.

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Housing Wire

MAY 23, 2022

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. Currently, all VA appraisals must be performed in-house.

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Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Shifting Toward Modernization. Total year-end sales volume ended at 5.64

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Appraisal Buzz

AUGUST 30, 2021

You say you care about collateral valuation, you are aware of the plight of professional fee appraisers in a world that seems to be losing sight of their value, you understand the lender drive to reduce risk in their transactions. — Appraisal modernization: Why optimization is the key to a better future for all of us.

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Housing Wire

APRIL 6, 2021

It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. The house, in the Nashville area, was listed at $405,000. How hybrid title and valuations help increase lending efficiency.

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Appraisal Buzz

OCTOBER 14, 2024

But being an appraiser today brings risks and rewards, making the accuracy of property valuations and quality control not just a priority but a necessity. By leveraging the power of computer vision, they are developing scalable processes that incorporate best practices and objective third-party data to arrive at more accurate valuations.

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Appraisal Buzz

FEBRUARY 24, 2025

For real estate appraisers, this includes attending industry conferences and seminars such as The Valuation Expo and The Appraisal Summit , taking both online and in-person courses from reputable providers, and even pursuing additional certifications or designations. not take the same old classes cycle after cycle).

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Housing Wire

MAY 2, 2022

During the pandemic, the Federal Housing Finance Agency (FHFA) began allowing for desktop appraisals, or an appraisal that can be performed from a desktop without a physical property inspection. The webinar was attended by nearly a thousand industry participants, including lenders, valuations experts and third-party fintech companies.

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Appraisal Buzz

FEBRUARY 10, 2025

Automated valuation models (AVMs), and more recently artificial intelligence, have started to encroach on the role and need for human appraisers. In theory, this should result in a more consistent and accurate system of property valuation.

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Appraiserblogs

MARCH 7, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. appeared on Appraisers Blogs.

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Appraisal Buzz

APRIL 8, 2024

As industries grapple with the challenges of transparency, accuracy, and trustworthiness in valuation processes, blockchain emerges as a beacon of hope. Lack of Transparency: Traditional appraisal methods often lack a clear audit trail, making it difficult to trace back decisions or valuations.

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Appraisal Buzz

OCTOBER 10, 2022

I have weathered seasons marred by valuation professionals whose malfeasance adversely impacted the economy and society. The future of the valuation profession is not certain to me. Technological advances suggest we need to move toward automated valuation models that churn data through automated algorithms to produce valuations.

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Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). Some of these have been around for many years.

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Housing Wire

JUNE 28, 2021

I have always been good with numbers, and I enjoy looking at houses,” he said. But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. But they did not become key players in the home valuation industry until the recent housing bubble.”.

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Appraisal Buzz

MAY 6, 2024

Areas more exposed to such risk are likely to see increased volatility in valuations.” In conclusion, the impact of homeowners insurance costs on home prices is becoming increasingly evident, particularly in markets most affected by climate change, like Louisiana, Florida, and California.

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Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Appraisal Buzz

OCTOBER 3, 2022

According to the Uniform Standards of Professional Appraisal Practice (USPAP), the rules that all professional appraisers are required to abide by, appraisers must take into consideration all market trends and other influences on property value in their valuation opinions. USPAP Rule 1-3 (d) (v) makes this clear.

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McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you.

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Appraisal Buzz

JULY 15, 2024

That’s how I first got involved in valuation technology. We know we are part of the valuation future as envisioned by the GSEs. It was my father’s vision that we would “computerize.” We had to do it ourselves in the beginning, developing our own local software using DOS.

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Clear Capital

MAY 4, 2021

Watch our panel session from IMN Jumbo Mortgage Loan Virtual Symposium to hear the panelists discuss housing market trends, changes in the appraisal process, forecasting home prices, and how housing migration is affecting the jumbo market.

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. The abbreviations we use in our forms are in fact, data points for the GSEs. If typewriters are no more, it is time for forms to be retired as well. Really, appraisers have always thought this way.

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Appraisal Buzz

SEPTEMBER 4, 2024

Jim and Hal are back from Valuation Expo and are joined by a fascinating guy they met there: Joshua Stephens, a Texas appraiser whose growing firm, WP Appraisers, is experimenting with bold new business models. We’ll announce the winners early next year, and they’ll get a free pass to Valuation Expo 2025 to accept their award in person!

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Appraisal Buzz

AUGUST 5, 2024

stars Released: March 14, 2023 The COVID-19 pandemic not only disrupted our daily life, but it also posed an unprecedented threat to the economy, particularly in the mortgage and housing markets. Despite reforms after the 2008 financial crisis, the markets were unprepared for March 2020.

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Clear Capital

MARCH 2, 2023

Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management Reno, Nev.

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Clear Capital

MAY 24, 2022

Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. The housing needs are changing.” .

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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. If we focus on increasing the market sale price, the value of renovations is usually measured by the possible Return on Investment (ROI).

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Housing Wire

DECEMBER 20, 2021

Also, the DEO said it is implementing 20 projects to modernize its systems, and 97% of all eligible benefits requested before Oct.15 If the program does break right, the benefits for the housing market are clear. His house value is estimated between $390,000 and $440,000, according to various automated valuation models.

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DW Slater Company

JUNE 16, 2022

Lenders See Considerable Value in Appraiser Modernization – Fannie Mae. Fannie Mae says a recession is likely to hit next year, and it could hit the housing market too -Fortune. The Housing Market Is Spiraling Downward With Dogged Determination – Housing Notes. An Excess of Appraisers?

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Appraisal Buzz

JULY 22, 2024

It’s 3:30 pm and I promised my client I would have it delivered by 5:00 pm. However, I’ve run into a little bit of a quandary. You see, over the past several weeks, I have had three conditions on prior appraisals because of the following: “strong”, “school district” and “close proximity”.

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Appraisal Buzz

AUGUST 12, 2024

This is the final article in Ernie Durbin’s three-part series on the new UAD. The first article on April 15, 2024, was “ From Forms to Reports: A Look at the UAD Overhaul. ” The second article on July 15, 2024, was “ The New UAD: Don’t Borrow Trouble.

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