Housing Wire

OCTOBER 28, 2024

Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination.

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Inspection Mortgage Technology Training 371

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

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

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

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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Lending Appraisal Inspection Property Appraisal 540

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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Inspection Tools Technology Appraisal 401

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 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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The Appraiser Coach

MAY 18, 2021

I probably take about 20-25 per house that I inspect. It is no secret that we as appraisers take a lot of photos. Then there are all the comp photos. Read More.

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Real Estate News

DECEMBER 23, 2024

These evaluations have the potential to make or break a transaction, and many buyers will have questions about whats involved and whats at stake.

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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 Inspection Technology Valuation 370

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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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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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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Inspection Agents Advertising Business 74

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

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

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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Inspection Renovations Buyers Housing Market 459

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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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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Appraisal Buzz

DECEMBER 11, 2024

In 2018, Fannie Mae launched its Pre-Foreclosure Property Preservation Program, offering mortgage servicers the opportunity for Fannie Mae to handle the management of inspection and preservation activities on delinquent loans secured by vacant properties. We are exploring batching inspections. How is AI impacting the sector?

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Inspection Technology Insurance Training 387

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

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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Appraisal Buzz

SEPTEMBER 28, 2021

Aspen Grove discusses the recovery of advances for property inspection and preservation expenses continuing to challenge mortgage servicers (Sponsored Content). The post Do You Know Where Your Advances Are? appeared first on DSNews. The post Do You Know Where Your Advances Are? appeared first on Appraisal Buzz.

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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

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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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

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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Appraisal Buzz

NOVEMBER 13, 2024

home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Appraisal Inspection Real Estate Agent Training 432

Appraisal Buzz

DECEMBER 15, 2021

Several of the changes are aimed at underwriters and do not affect appraisers; however, there is one significant change for appraisers that will change the way they inspect properties in the not-so-distant future. As of April 1, 2022, Fannie Mae will require appraisers to measure subject property improvements using ANSI Standard Z765-2021.

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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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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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Valuation Inspection Modernization Training 319

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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Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse.

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Appraisal Buzz

DECEMBER 20, 2021

It quickly became apparent that the health risk would prevent professional fee appraisers from entering properties in order to inspect them for their appraisal reports. That changed in March 2020 when the COVID-19 virus struck. The industry was on the cusp of a serious crisis. When that happens, you can be more flexible on the appraisal.

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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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Real Estate Agent Real Estate Inspection Valuation 422