Cleveland Appraisal Blog

JULY 6, 2022

In this article, I thought I would share my thoughts on this and whether scanning a property with Cubicasa is considered to be an appraisal inspection. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. The attorney questioned my use of the word inspection. ”). .”

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Housing Wire

JULY 24, 2023

The firm announced Friday that it is incorporating Public Resource Code (PRC) 4291 inspection data into its WFMS. Typically, insurers obtain proof that a property has passed inspection from the policyholder. Started in 2016, the inspection database is maintained by the California Department of Forestry and Fire Protection (CAL FIRE).

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Housing Wire

JULY 27, 2022

Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . ’s largest home inspection services providers, to offer customers instant repair estimates. .

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Housing Wire

APRIL 30, 2022

Incenter Appraisal Management’s RemoteVal technology allows appraisers to cut out all physical travel and get more inspections done, in turn generating more orders per day that they can complete. The real difference with RemoteVal is that it keeps appraisers in full control of the appraisal inspection,” said Erik Pogwist, Chief Appraiser.

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Housing Wire

OCTOBER 5, 2021

One such way a buyer could make their offer more appealing is by waiving an inspection. In 2021, 65% of sellers reported that they received at least one offer that waived an inspection , but 88% of successful buyers said they got an inspection prior to finalizing their home purchase.

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Housing Wire

APRIL 17, 2024

JaroInspect JaroInspect is the mobile inspection tool in the Jaro suite of appraisal tools. 2 The JaroInspect app quickly completes property inspections and utilizes a range of workflow tools to expedite user processes and enhance efficiency. #3 It is now introducing LIDAR floor plan technology to expedite the submission process.

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Housing Wire

DECEMBER 11, 2020

Are borrower-assisted inspections here to stay? The relaxed lending standards allowed the GSEs to use “appraisal alternatives to reduce the need for appraisers to inspect the interior of a home for eligible mortgages.” Presented by: CoreLogic.

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Housing Wire

OCTOBER 1, 2024

handbook, including inspection and repair escrow environments for loans that have yet to close. Properties in PDMDAs which have pending loans or endorsements, and which have been designated for individual assistance, must have “a damage inspection report that identifies and quantifies any dwelling damage.”

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Housing Wire

OCTOBER 22, 2024

Another policy applying to PDMDAs typically requires “damage inspection reports“ for properties in these areas. A new temporary waiver of a second 14-day incident period applies for inspection reports stemming from the Hurricane Milton disaster area, which was officially declared on Oct.

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Housing Wire

OCTOBER 18, 2024

It also has solutions for appraisal report writing and data gathering, along with a mobile app for appraisals, floor plans, and property inspections. It makes property inspections simple, allowing appraisers to take their mobile devices with them to inspect properties on the go.

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Housing Wire

SEPTEMBER 22, 2023

The AAR consists of an onsite property inspection completed by a local and licensed real estate agent or broker. That information is then provided to a licensed appraiser in the state who reviews the pertinent information within the inspection to set and support an opinion of value on the property.

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Housing Wire

AUGUST 8, 2023

Jaro Jaro technology is transforming the mortgage industry by offering appraisers a more efficient way to deliver final inspections right from the field. JaroInspect is the industry’s only compliant software that generates a 1004D inspection from the field. 2 Automatically pulls in all prior data from previous appraisal reports. #3

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Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war.

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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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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. Additional webinars will be scheduled on an ongoing basis. About McKissock Learning.

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The Appraiser Coach

DECEMBER 13, 2022

Imagine you’re at an inspection. During your standard walk-through, you look out the window and see a car pull up into the driveway. Your mind starts racing when you see. Read More.

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Appraisal Buzz

FEBRUARY 28, 2022

A lot has changed over the last two decades, but appraisal data and more specifically, appraisal inspections have remained unchanged. This is the digital transformation of the appraiser’s inspection data. Today, you can use your iPhone to create a point cloud that represents the property you’re inspecting.

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Appraisal Inspection Technology Training 482

Housing Wire

NOVEMBER 8, 2023

During the last refi boom, some appraisers were scheduling inspections as far as four to six weeks out, which was slowing down the entire loan transaction. As a Fannie Mae partner, SingleSource can utilize a larger pool of trained data collectors, so that property inspections can now take place in a matter of days, not weeks.”

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Housing Wire

OCTOBER 27, 2020

Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. While this approach could certainly help buyers win out in a bidding war, the strategy also comes with some serious risk — especially if the home inspection is skipped.

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Housing Wire

AUGUST 5, 2022

Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process. First, we need to ensure that property inspections are completed quickly and thoroughly and that the data is presented to the appraiser in an efficient manner.

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Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. You’ve found a house for your buyer or a buyer for the home you’re selling. Not necessarily.

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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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Housing Wire

MAY 20, 2024

This explains that damage inspections may be completed by “any FHA Roster Appraiser in good standing with geographic competence in the affected market.” The update also includes changes to a section about appraisals in presidentially declared major disaster areas.

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Appraisal Buzz

MARCH 21, 2022

Learn about all of the features in RemoteVal – a free inspection app for appraisers. Mark : Remote Virtual Inspection is the key new technology that allows appraisers to visually “verify” on the date of inspection many of the relevant characteristics and conditions of a home. Buzz : Can we have your background in the industry?

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Housing Wire

MARCH 11, 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. Those alternative appraisals may become long-term solutions.

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Housing Wire

APRIL 18, 2023

PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. The firm is growing rapidly to offer instant repair estimates and scale through process automation.

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Inspection Real Estate Real Estate Agent Renovations 369

Housing Wire

APRIL 24, 2023

The Department of Housing and Urban Development (HUD) surveyed them and heard complaints about: Regulatory requirements – including the requirement that housing units be inspected before voucher holders move in, which can extend vacancies between tenants and force landlords to make costly repairs. Why don’t landlords participate?

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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

MAY 21, 2024

Be diligent with a home inspection Since non-disclosure states lack public information on property conditions, a thorough home inspection becomes even more critical. You can request the seller disclose any known issues, and negotiate repairs or price adjustments based on the inspection’s findings.

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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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Housing Wire

JANUARY 14, 2022

During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections. The appraisal process is ripe for change, and we’ve seen an acceleration of innovation in the last two years.

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Housing Wire

AUGUST 9, 2022

Investors — Shorten loan package inspection to less than one day and increase loans per month per customer by up to 20,000. #3. Product Fast Facts. #1. Lenders — Boost productivity by 30% and increase the average customer ROI by 400%. #2. Servicers — Enable 50% faster review and file set-up while reducing errors during file onboarding.

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Technology Mortgage Inspection Investors 413

Housing Wire

MARCH 8, 2023

These include excessive late fees and fees for unnecessary property inspections. The CFPB also described its findings related to unnecessary property inspection fees, stating that mortgage servicers charged consumers between $10 and $50 “for every property inspection visit to addresses that were known to be incorrect.

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Housing Wire

APRIL 8, 2021

Use the home inspection as a bargaining chip: After the appraisal, getting the home inspected is another major part of the home-buying process. While a home inspection is a valuable way to get to know your new potential home, it can also be used as a negotiation tool.

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Inspection Sellers Buyers Tools 468

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.

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Housing Wire

AUGUST 21, 2024

The owner of the company said to me, “Well, you know, Debbie, when it comes time to do the termite inspection, you get in the way. I do the inspection. I will arrange the inspection. I’ll go do the inspection. I’ll go do the inspection. You call the client, then you call me to arrange it.

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Inspection Training Real Estate Agent Clients 441

Housing Wire

OCTOBER 31, 2024

Restb.ai’s technology will be compatible with broker price opinions, appraisals, inspections and forms. “By Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai is designed to allow an AI-powered system to analyze photos of a property for identification and verification purposes.

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