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Appraisal readiness steps highlight staff training and quality controlĀ 

Housing Wire

The new rules apply to both appraisal waivers and inspection-based waivers , which leverage property data collected by a trained and vetted professional. Maximum loan-to-value (LTV) for appraisal waivers on home purchases will increase from 80% to 90%, and LTVs for inspection-based appraisal waivers will increase from 80% to 97%.

Training 397
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Incenter Appraisal Management and McKissock Learning Form Desktop Valuation Training Partnership

Appraisal Buzz

LOUIS ā€” January 24, 2022 ā€” 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.

Training 370
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Consumer advocate says policy changes are needed to help FHA buyers compete

Housing Wire

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

Buyers 476
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The Digital Transformation of Appraisal Data

Appraisal Buzz

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 appraiserā€™s inspection data.

Appraisal 482
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CAPE Analytics launches new AI-powered, automated property condition report toolĀ 

Housing Wire

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.

Tools 418
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Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

My solution was to hire and train a few folks that could help me develop and support my workflow and processes. Having been an instructor on residential topics for a few years, I felt that the best way to go was to hire and train individuals that wanted to become appraisers. The Problem with Trainees. But that is the reality.

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The appraisal revolution: How Opteon is transforming the lending landscape

Housing Wire

Opteonā€™s data collection process involves comprehensive inspections of the subject property, both inside and out. Additionally, Opteon engages trained third-party data collectors, comprised of appraisers, agents, and home inspectors, who adhere to stringent requirements, ensuring the accuracy and reliability of the collected data.

Lending 467