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Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession? It takes a while for them to train like this, but in reality, I like training them this way.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection.

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Appraisal modernization: What is going on with the forms?

Housing Wire

Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. Based on these classifications, additional information would be input.

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Freddie Mac’s updates to the ACE + PDR valuation option

Housing Wire

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. Freddie Mac’s appraisal modernization strategy With these challenges in mind, Freddie Mac continues to work on modernizing the appraisal process for lenders that deliver loans to Freddie Mac.

Valuation 367
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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 “to help reduce homebuying hurdles over non-essential, smaller home repair issues,” the authors wrote.

Buyers 474
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HUD counselors offer new guidance on reverse mortgage programs

Housing Wire

Consolidation efforts Many of the handbook updates related to the HECM program revolved around consolidating and streamlining guidance to make it less confusing for counselors seeking to find the right information, Ames explained. “[We This helps the counseling handbook avoid both inconsistent and duplicative information.

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CRMLS releases REcenterhub dashboard

Housing Wire

The dashboard presents a modernized user interface and offers customization options for both users and associations. It provides industry information such as market data trends and news articles, while enhancing interactivity for user convenience. Art Carter, CEO of CRMLS, expressed confidence in the transition to the new dashboard.