Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Inspection Appraisal Marketing Appraisal Process 78

Appraiserblogs

JUNE 27, 2023

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is supposed to prioritize the interests of the borrower above all else. After all, who doesn’t want to close more deals in less time?

Inspection 112

Inspection Loan Officers Appraisal Investing 112

Realtor

OCTOBER 21, 2016

Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. It’s a broad-based approach not to be confused with a home inspection , which is a more detailed look at the property. Septic system in good condition. Free of mold.

Buyers 78

Buyers Inspection Loan Officers Real Estate 78

Birmingham Appraisal

SEPTEMBER 15, 2022

You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Home inspections are normally regulated by the state.

Appraisal 98

Appraisal Inspection Appraisal Process Real Estate Agent 98

Realtor

OCTOBER 21, 2016

Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. It’s a broad-based approach not to be confused with a home inspection , which is a more detailed look at the property. Septic system in good condition. Free of mold.

Buyers 60

Buyers Inspection Loan Officers Real Estate 60

Genworth MI Blog

JULY 13, 2023

There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. They matter to the lender to ensure the property is sufficient collateral for the loan amount.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Clear Capital

SEPTEMBER 13, 2023

All Clear Capital residential valuations solutions are now available on the latest Encompass Partner Connect API Platform. Encompass enables loan officers to close loans faster, originate more loans, reduce time to close, and create improved borrower experiences. What is Encompass by ICE Mortgage Technology?

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Valuation Technology Inspection Mortgage 36

Birmingham Appraisal

FEBRUARY 8, 2023

The only appraisal that use to be done, and that most people are familiar with, was a full appraisal by a licensed or certified person who would physically inspect the property and then write up the report and deliver it to the lender. Instead of getting a traditional appraisal, the bank will use an Automated Valuation Model or AVM.

Realtors 86

Realtors Appraisal Market Value Real Estate Agent 86

AmeriMac

JANUARY 30, 2024

The condition of the property has a direct impact on loan approval and interest rates, making it crucial to determine its overall state. An accurate appraisal report provides mortgage lenders with informed valuation insights, guiding them in the loan approval process. How does an appraisal affect the reverse mortgage?

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers.

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Appraisal Architecture Business Contracts 52

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” To create new capacity for the industry, new approaches to valuation that are faster and better, and less prone to bias. The home inspection took longer. It’s real estate.

Sellers 69

Sellers Agents Real Estate Appraisal 69

Housing Wire

APRIL 25, 2022

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. We’re in uncharted territory,” said Joan Youngman, who chairs the department of valuation and taxation at the Lincoln Institute. “No

Property Taxes 435

Property Taxes Appraisal Government Valuation 435

Housing Wire

OCTOBER 29, 2024

Scot Rose from Class Valuation explores current trends and offers strategies to help lenders thrive in 2025. Comprehensive communication plan – Educate and promote the benefits of the program to loan officers, mortgage brokers, real estate agents, and other key stakeholders.

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Appraisal Valuation Modernization Appraisal Process 458

Housing Wire

OCTOBER 30, 2024

The changes raise the maximum LTV ratio from 80% to 90% for appraisal waivers, and from 80% to 97% for inspection-based appraisal waivers on purchase loans, consistent with refinance guidelines. Feedback for LOs Freddie Mac is also enhancing its Loan Product Advisor (LPA) automated underwriting system with LPA Choice.

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Appraisal Loan Officers Finance Inspection 428

Clear Capital

DECEMBER 3, 2024

Tap into AURA’s valuable review tools: ClearQC® highlights concerns within a valuation to direct the reviewer’s efforts and shave time off the process. Comparables help understand the risk of over- or under-valuation via the sales comparison approach. What is Encompass by ICE Mortgage Technology?

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Technology Appraisal Valuation Mortgage 36