Housing Wire

MAY 11, 2021

Unfortunately, the ability to obtain information on individual property data about these two factors is hard to come by, short of an interior physical inspection. The post Property condition information that’s cloud-based – “Word cloud” based appeared first on HousingWire. Realtor Comments Hold Vital Info.

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Housing Wire

SEPTEMBER 22, 2023

By leveraging selective data and cutting-edge technology, the solutions from homegenius Real Estate help lenders make informed and efficient decisions. The AAR consists of an onsite property inspection completed by a local and licensed real estate agent or broker.

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Housing Wire

OCTOBER 1, 2024

The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs).

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Appraisal Buzz

DECEMBER 15, 2021

In today’s Buzzcast, we dive into the heated debate from Valuation Expo, “To Inspect or not to Inspect” where we discuss both sides to the new bifurcated appraisal. How is this information beneficial to appraisers? The post Revisiting To Inspect or Not to Inspect with Jordan Petkovski appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 15, 2021

In today’s Buzzcast, we dive into the heated debate from Valuation Expo, “To Inspect or not to Inspect” where we discuss both sides to the new bifurcated appraisal. How is this information beneficial to appraisers? The post Revisiting To Inspect or Not to Inspect with Jordan Petkovski appeared first on Appraisal Buzz.

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Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Comparables can help agents assess current market trends, and make informed decisions when it comes to a fair offer price.

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Chicagoland Appraisal Blog

MARCH 9, 2024

Sometimes consumers equate the appraisal inspection as a professional home inspection. Home Inspection A licensed home inspector performs a home inspection. Home inspections, which typically span hours, encompass various elements including electrical systems, plumbing, HVAC, roofing, and structural components.

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Housing Wire

SEPTEMBER 5, 2024

The FHA should critically evaluate and simplify inspection criteria, review the inspection requirements for FHA appraisals, and modernize criteria wherever possible “to help reduce homebuying hurdles over non-essential, smaller home repair issues,” the authors wrote.

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Appraisal Buzz

FEBRUARY 28, 2022

As the internet and websites became commonplace, we saw the introduction of online MLS systems and the creation of national property information providers. Deep Learning gave us the ability to make sense of raw data and turn it into useful information. This is the digital transformation of the appraiser’s inspection data.

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Housing Wire

MARCH 18, 2024

Valuation Selector helps lenders and investors identify the most suitable valuation method (AVM, AVM with inspection, desktop exterior, desktop interior or full appraisal) for a property, depending on its complexity.

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Appraisal Buzz

JANUARY 24, 2022

LOUIS — January 24, 2022 — With Fannie Mae and Freddie Mac accepting desktop appraisals beginning in March, Incenter Appraisal Management and McKissock Learning are partnering to help appraisers update their remote inspection skills in response. For more information, please visit incenteram.com. About McKissock Learning.

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Housing Wire

MAY 2, 2021

First American offers an integrated suite of staff and network appraisal products and services, including standard appraisals, collateral inspection services and hybrid valuations through First American Mortgage Solutions’ Appraisal Management Company (AMC) and the First American Staff Appraiser Company.

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Housing Wire

FEBRUARY 6, 2024

It’s also crucial that whatever data can be pulled to display such information is analyzed and deemed credible by an expert in the field: a Certified General Appraiser. The information therein enables underwriters to make informed decisions quickly.

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Housing Wire

MAY 20, 2024

“Today’s update clarifies instructions, adds new guidance, and incorporates previously published Mortgagee Letters (ML) in Sections I, II, III, and IV as well as Appendix 7.0,” HUD explained in an informational notice about the updates. An extensive update was published to general reconsideration of value (ROV) requirements.

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Appraisal Buzz

JANUARY 24, 2022

Learn about all of the new features in RemoteVal – a free inspection app for appraisers! RemoteVal has added a Dynamic Floor Plan Creator, in addition to allowing the appraiser to visually inspect the property in real-time on the date of inspection. We sat down with our hosts to get the inside scoop on this upcoming webinar.

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Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It pulls information from more than 30 data providers.

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Housing Wire

AUGUST 8, 2022

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S. have floor plans. Presented by: Rently.

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Housing Wire

MAY 9, 2023

Reggora contends that this traditional approach relies on “incomplete and imperfect information,” which could then lead to errors in the timely disposition of an appraisal order. This could lead to “lackluster” turn times, revision rates and fee escalation that the new platform is aiming to address.

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Housing Wire

SEPTEMBER 13, 2023

This latest product uses computer vision to assess aerial imagery from airplanes and other sources and extracts information about property conditions, with a focus on marketability and property value , the company said Wednesday. The solution renders an array of nationwide property information available in one PDF report.

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Housing Wire

JANUARY 4, 2023

Then they fraudulently obtain private information which they use to gain access to people’s email accounts, then they monitor them to find out if they’re in the process of buying a home. . Once they have this information, they send fraudulent wire transfer instructions. Don’t ever email your financial information.

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Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise. Structural Issues 1. Plumbing 3.

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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. We live in a world that is transitioning from the Information Age to the Digital Age. Inspection relief was successful as lenders and appraisers developed appropriate processes. Catalysts of change.

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Housing Wire

JULY 22, 2024

Back then, we never thought about the property inspection. We didn’t understand anything other than dual agency and we didn’t have inspections for things like radon gas or uranium in the soil. In the future, that information might come from AI, though. Today, they are dozens of pages long.

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Miller Samuel

NOVEMBER 30, 2018

Those are "PiW" loans or have a "Property Inspection Waiver." The problem with this logic is the buyer may not be fully informed (i.e., of the actual value 50% of the time) and "hybrid appraisers" (which removes the appraiser from the actual inspection of properties) to develop a value opinion. Ever heard of straw buyers?

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Housing Wire

AUGUST 7, 2023

“The process encourages the use of emerging technologies to capture property information, imagery, and floor plans.” “Restb.ai’s Visual Insights artificial intelligence technology takes a photo and converts it into detailed information. This is a service every appraiser needs to improve their inspection efficiency.”

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Housing Wire

DECEMBER 24, 2020

Porch, a home services marketplace with partners in insurance, utilities, home inspection and moving, plans to use the cash to pursue acquisitions to seize the opportunity in real estate. “Being a public company with with a very strong balance sheet allows us to be able to go and pursue those more quickly.”

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Housing Wire

MAY 23, 2023

Appraising can be a subjective process in a lot of ways — as appraisers are always working within dollar ranges and imperfect information. The need to physically inspect each property will be replaced with data or other inspection options in many cases. Johnson said. I think that’s a really great step.”

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Housing Wire

SEPTEMBER 23, 2021

Remote inspections have the power to make homeowners and appraisers more comfortable. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. Incenter recognizes the complexity of the appraisal process.

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Housing Wire

MAY 6, 2024

The standard loan application to originate a HECM currently includes Fannie Mae Form 1003, HUD Form 92900-C and Fannie Mae Form 1103, the latter of which is a supplemental consumer information form that has been adopted by the mortgage industry.

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Housing Wire

DECEMBER 14, 2022

In October, the company added more than 275 subcontractors that complete inspections, preservation and yard/snow services to its network. In terms of 2022 as a whole, Safeguard has added more than 4200 people working at the numerous preservation, lawn service, inspection and various trades that are part of the company’s network.

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Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. Freddie Mac announced automated collateral evaluation (ACE) as a new solution and Fannie Mae followed not long after with the introduction of Property Inspection Waivers (later renamed Value Acceptance).

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Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Not so long ago, there were very few appraisers that knew about property inspection waivers. Many, many years ago, the majority of appraisers had no idea what an AMC was.

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Housing Wire

JULY 6, 2023

Freddie Mac’s new guidance was issued as an update to its Condo Project Advisor , an informational platform with information about buildings. Fannie Mae’s guidance comes as an update to its Selling Guide in consultation with the Federal Housing Finance Agency (FHFA).

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Housing Wire

AUGUST 13, 2024

Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB.

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Appraisal Buzz

OCTOBER 28, 2024

This reliance on personal expertise made it challenging to obtain accurate data, especially in areas where comprehensive information was hard to come by. Modern tools can now compile and analyze vast datasets, providing appraisers with more accurate and comprehensive information than ever before.

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Housing Wire

OCTOBER 1, 2020

But can we really give them concrete information about the home they can afford, how they should buy it? . “One of the reasons we started working with Realtor.com is, can you solve problems for consumers that others simply can’t match?” ” he asked. That’s our mission and this is the first step in that mission.”

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Housing Wire

JANUARY 10, 2022

Tom Kriby: Everyone knows home inspections and appraisals can hold up a closing, but insurance is another possible roadblock for an on-time closing. Plus, by leveraging the information the lender already has on file, homebuyers can secure insurance with just a few clicks. It’s more common than you think.

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