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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Inspection Appraisal Technology Clients 374

Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

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Inspection Appraisal Appraisal Process Buyers 459

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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Appraisal Process Appraisal Real Estate Inspection 448

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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Inspection Insurance Construction Business 370

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

JANUARY 28, 2025

Property preservation borrowers were subject to Mr. Cooper’s property inspections between June 2011 and December 2017. Other properties also had subsequent inspections within 90 days of the lock change to confirm they were occupied. Cooper falsely flagged certain properties as vacant and changed the locks to prevent entry.

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Inspection Law Mortgage Business 444

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. Cook also feels like reverse mortgage professionals are potentially great partners for home inspection businesses.

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Inspection Mortgage Construction Insurance 274

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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Appraisal Process Appraisal Valuation Review Valuation 457

Appraisal Buzz

NOVEMBER 1, 2024

The integration of Restb.ai’s computer vision technology will offer lenders and valuation providers a streamlined process that works seamlessly across all products, including BPOs, appraisals, evaluations and inspections. customers/appraisals-inspections. Learn more about Restb.ai valuation services at restb.ai/customers/appraisals-inspections.

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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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Real Estate Sellers Buyers Renovations 417

Housing Wire

FEBRUARY 28, 2025

With less competition, some buyers are backing out during the inspection period, hoping for a better deal. A growing supply of available homes is giving buyers more flexibility to walk away if issues arise during inspections, Redfin added. Meanwhile, pending home sales hit a record low for January, excluding the early pandemic months.

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HOA Inspection Buyers Real Estate Agent 347

Appraisal Buzz

JANUARY 9, 2025

HUDs rule will reduce administrative burden by aligning utility allowances with other HUD programs, reducing duplicative inspections by accepting NSPIRE performed for other funding sources, reducing administrative burden of performing income determinations by accepting determinations performed for other funding sources.

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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

NOVEMBER 4, 2024

In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause. I grew up in an 1850s farmhouse and was not going to skip an inspection or an appraisal contingency.

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Housing Wire

MARCH 20, 2025

Coordinating property inspections and updated valuations helps maintain collateral value, protecting long-term investment integrity. Compliance with state and investor guidelines, managing temporary payment suspensions, fee waivers and loan modifications, all ensure portfolio stability.

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Mortgage Investors Insurance Inspection 328

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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Appraisal Hub

DECEMBER 11, 2024

Thats why understanding home inspections and home appraisals is your first step to making a smart investment. Home Inspections: The Detective Work Think of a home inspection as your personal property detective. A home inspection helps you avoid that nightmare. These two processes are often misunderstood.

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Inspection Buyers Appraisal Investing 78

Lamacchia Realty

JANUARY 10, 2025

New Massachusetts Law Addresses Home Inspection Waivers: What Buyers and Sellers Should Know A new law passed by the Massachusetts Legislature will soon regulate buyers and sellers options around conducting a home inspection when purchasing a home. The second part of the statute also puts restrictions on the seller. New Law: MGL Ch.

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Inspection Law Sellers Buyers 69

Appraisal Buzz

MARCH 5, 2025

As a result, some house hunters backing out during the inspection period because a better house for them has come along or at least the promise of a better house. High mortgage rates and high home prices combined with economic uncertainty are causing some would-be buyers to change their minds.

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Buyers Inspection Agents Contracts 273

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

Appraisal Buzz

DECEMBER 26, 2024

I complete each of my inspections with the same level of respect and attention to detail as I would want from someone appraising my own home, said Appraiser Trainee Alex Collett. It is during these fluctuating phases, more than ever, that lenders rely on top levels of quality and dependability when it comes to the services they provide.

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Clients Appraisal Real Estate Inspection 370

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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Inspection Insurance Mortgage Design 476

Appraisal Buzz

JANUARY 27, 2025

There are lots of appraisal management companies and lenders out there that allow trainees to inspect properties. If you put in the initial effort to get your trainees up to speed on inspections (and stay accurate and transparent in reporting the inspector), trainees can help you get more reports out the door.

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Appraisal Inspection Modernization Valuation 354

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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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

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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Final Inspection Inspection Technology Clients 370

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 425

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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Inspection Inventory Buyers Sellers 545

Inman

JANUARY 24, 2025

The reality TV stars along with 21 others are suing the city for its failure "to properly construct, inspect, maintain and operate its water supply system," which, they allege, led to the loss of their home in the Palisades fire.

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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

JANUARY 29, 2025

Property inspections rank No. Medium to large brokerages are most likely to adopt, scale and implement AI in their operations. Meanwhile, smaller brokerages are less likely to use AI on a large scale. 1 as the most common use case for AI.

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Appraisal Buzz

FEBRUARY 6, 2025

We can now use machine learning and algorithms to inspect and identify defects. AI will allow for entire populations to be inspected; therefore, increasing data accuracy. This technology allows us to collect and analyze data, identify trends, and make informed decisions.

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Mortgage Inspection Technology Clients 221

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 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

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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Real Estate Appraisal Agents Inspection 476

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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