Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. Here’s a quick rundown of how this modernization can support your success.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Appraisal Buzz

MARCH 17, 2025

So one main difference between traditional lender appraisals and relocation appraisals is the forecasting aspect: whereas lender appraisals determine a current market value, relocation appraisals try to project what the sales price WILL be. The post Relocation Appraisals: The Power of Market Analysis appeared first on Appraisal Buzz.

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Appraisal Buzz

JANUARY 27, 2025

The drive toward modernization has led to technological advancements and more data-driven valuations, which leaves many appraisers at a crossroads: while these changes can lead to greater efficiency and fairer home valuations, adopting new tech can be scary. The residential appraisal profession is at a transformational moment.

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Housing Wire

DECEMBER 6, 2024

We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Save time with pre-written newsletters from Market Leader Don’t have time to write three or more newsletters every month? Lets dive in!

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Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

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Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). Some of these have been around for many years. Think of it like a dental hygienist cleaning your teeth with the dentist checking and approving the work.

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Housing Wire

AUGUST 8, 2022

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. said Allen. caught up,” he said. Presented by: Rently.

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Housing Wire

MARCH 23, 2021

This scarcity catapulted appraisal costs and cycle-times running into three to four weeks in many cases and highlighted the growing need for appraisal modernization, including technological and data-driven solutions and other appraisal alternatives. HW: How does ValueLink technology modernize the appraisal practices?

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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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Housing Wire

OCTOBER 10, 2023

We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market.

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Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. In the current market , where volume has decreased, this is less of a concern. ACE+ PDR fits right in line with our approach to collateral valuation and appraisal modernization. If we can check those boxes, we succeed.

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Housing Wire

AUGUST 3, 2022

billion real estate appraisal services market has cumulatively grown by 32% since 2008.”. Both are alternatives to the traditional appraisal, and potentially reduce the amount of time an appraiser spends driving to and performing an on-site inspection.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. This interview has been edited for length and clarity. SW: How is technology changing appraisals?

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Appraisal Buzz

FEBRUARY 7, 2022

Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.

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Housing Wire

DECEMBER 8, 2022

In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. Now that the market is less frenzied, turn times are improving. We are effectively increasing the supply of people who can go and facilitate inspections in the industry,” Zitin said.

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Housing Wire

JANUARY 25, 2022

We could soon be in a position where the majority of home inspections (including measurements, photos, etc.) For lenders who currently utilize a modern appraisal platform, they are looking to enhance the amount of communication between their LOS/POS and their AMS. The second are streamlined integrations.

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Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Navigating appraisal challenges in today’s housing market. In these scenarios, no inspection or appraisal of any kind is performed on the property.

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Appraisal Buzz

OCTOBER 1, 2024

This progress enables them to continue offering coverage in difficult markets. Examining well-known insurance markets like Florida and California, as well as a less familiar one like Oklahoma, offers a view into how these adjustments are performing so far. This is positive news for customers and carriers alike.

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Appraisal Buzz

AUGUST 9, 2021

Not so long ago, there were very few appraisers that knew about property inspection waivers. A sudden rise in rates, triggered by the bond market, can leave an appraiser shaking their head and saying, “What the heck happened?” Any appraiser that has been in business for years has seen the business change and evolve over time.

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Appraisal Buzz

FEBRUARY 17, 2025

First, inspect the site. This is the most intensive of the four tests it requires a thorough market analysis, cost-benefit analysis, and financial projections. Anticipation, market demand, and timing for each potential use are evaluated during this test to further reduce any uses. Level ground or a steep slope?

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GoForrmz

FEBRUARY 17, 2025

GoFormz offers a powerful digital solution to modernize AEC workflows with mobile forms that improve collaboration, enhance decision-making, ensure data security, and simplify regulatory compliance. From improving construction site safety to ensuring seamless collaboration, GoFormz helps you stay ahead in an increasingly competitive market.

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Housing Wire

JUNE 2, 2022

As the traditional in-person notarization process can involve hundreds of paper records, you’re also losing the eco-friendly appeal with modern borrowers expecting a paperless process. How are current market conditions necessitating flexible and convenient solutions like EscrowTab?

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Appraisal Buzz

OCTOBER 14, 2024

Today, new technology can assist appraisers, AMCs and lenders with visual inspection, analysis, and intelligence to validate information, detect issues, and derive data-backed insights on every loan. Computer vision eradicates this uncertainty, offering detailed data on property conditions of comparables and neighborhood market trends.

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Appraiserblogs

MARCH 7, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. Despite its roots in a methodology designed to support appraisers, Value.

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Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. The availability of floor plans really varies market by market. In many markets, however, it’s not.

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Housing Wire

JANUARY 31, 2021

ClearLabs has brought innovative solutions to the market, including OwnerInsight , a first-to-market homeowner-enabled appraisal inspection tool, available free to all lenders, appraisers, and AMCs. As head of corporate strategy, Kenon sits at the intersection of our executive, product, marketing, and sales teams.

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Appraisal Buzz

MAY 6, 2024

In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

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GoForrmz

JANUARY 16, 2025

Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 Digital Forms and Enhanced Data Capture One of the most impactful shifts in modern construction management is the transition from paper-based forms to digital forms.

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Housing Wire

MAY 31, 2021

Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. SCOUT enables remote property inspections, which has been critical during the COVID-19 pandemic,” Black Knight CEO Anthony Jabbour said. Joseph Nackashi, President.

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Appraisal Buzz

MARCH 7, 2022

Our calendar fills up with orders when the real estate market heats up. But when the market nosedives, lenders need to reassess their portfolios – so, again, our calendar fills up with orders. And if I can figure out how the heck to do that without inspecting the property, I guess that’ll put this one back in the positive column.

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Appraisal Buzz

JUNE 3, 2024

The market backdrop It’s a hard time out there for real estate. That has resulted in credit standards tightening and fewer transactions happening in the market (according to CBRE, commercial real estate volumes were down 54% through Q3 2023 ). When this happens at a large scale across the market, it is called deleveraging.

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Housing Wire

JUNE 7, 2022

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Originators will lose out to quicker competitors, especially in a purchase money market. Challenge 2: Shrinking margins.

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Appraisal Partners Blog

JANUARY 12, 2025

This article will delve into the various technological tools and platforms that are modernizing the appraisal process, exploring the benefits, challenges, and future trends that are defining this evolution. Technology cant replace a thorough on-site inspection. This could streamline the process and increase security for all parties.

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Appraisal Buzz

AUGUST 12, 2024

There will be many more data elements related to the inspection. Using a mobile device for inspections will be a must in the future. Furthermore, the ability to integrate market information from MLS and other data sources directly into the software will enhance the appraiser’s ability to perform accurate and timely analyses.

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Appraisal Buzz

SEPTEMBER 24, 2024

Property preservation remains a critical tool in helping prevent blight and ensuring that properties are returned to the market for future home buyers. His experience spans across the entire mortgage industry, including loan origination, secondary marketing and most of the facets of the mortgage default process.

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Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. My first real estate job as a staff appraiser was with a firm that was a precursor to the modern-day Appraisal Management Company. A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home.

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