Appraisal Buzz

NOVEMBER 1, 2024

By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. 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.

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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

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Most would agree (me included) that the appraisal process is long overdue for modernization — a 2022 Fannie Mae survey showed 94% of lenders are in favor of appraisal modernization. However, is appraisal modernization on its own enough?

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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

APRIL 8, 2025

Phoenix Burst Website: phoenixburst.ai/ For decades, efforts to modernize the mortgage industry have fallen shortnot for lack of ambition, but because regulatory compliance consumes the majority of time, budget, and focus needed to drive real innovation. And this is what will make mortgage modernization possible at last.

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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

NOVEMBER 8, 2023

Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. 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.

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Appraisal Buzz

APRIL 9, 2025

This solution became essential for post-disaster inspections during hurricane season. Using mobile video streaming, Valligents virtual inspection team guides property contacts through the process, completing 1004D orders in hours. Virtual inspections cost less than half of the onsite alternatives and accelerate loan closings.

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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

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

OCTOBER 2, 2023

Hybrid appraisals require a vetted and trained third party to inspect the property and gather data — including a floor plan — and deliver it to a licensed appraiser for a desktop appraisal. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .

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Appraisal Buzz

SEPTEMBER 12, 2024

This update of the HUD Code is long overdue and will help increase production while also ensuring modern designs to suit the needs of families.” “Manufactured homes are an affordable housing option for Americans across the country,” said HUD Acting Secretary Adrianne Todman.

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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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GoForrmz

APRIL 14, 2025

Digital workflows arent just a modernization strategy but a compliance necessity. From inspections and permits to approvals and audits, GoFormz helps agencies stay compliant with features like automated workflow, E-SIGN Act-compliant electronic signatures, and real-time data capture all with no coding required.

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Housing Wire

FEBRUARY 20, 2024

Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation. Many reasons given for appraisal modernization stem from appraisal turnaround times.

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Housing Wire

AUGUST 7, 2023

Tony Pistilli, general manager of valuations for Restb.ai, expressed his enthusiasm about the collaboration: “Working with Bradford, we are providing the newest and most advanced AI technology to accelerate the modernization of the appraisal process.” This is a service every appraiser needs to improve their inspection efficiency.”

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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. “By offering a free version of our mobile scanning technology in the U.S.,

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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

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. Freddie Mac’s appraisal modernization strategy With these challenges in mind, Freddie Mac continues to work on modernizing the appraisal process for lenders that deliver loans to Freddie Mac.

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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

JUNE 27, 2023

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. “We are excited about the integration of our platform with Lender Toolkit’s AI Underwriter.

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Housing Wire

AUGUST 31, 2022

To continue to modernize the valuation process and achieve its goal of drastically increasing the number of floor plans in the U.S., As such, the technology supports industry standardization and consistency and fosters compliance as the appraisal process continues to experience modernization.

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Housing Wire

AUGUST 3, 2022

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. “The tech involved in those modernized products prevents human to human interaction,” Oglesby said.

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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

OCTOBER 10, 2023

This is because hardwood floors have a certain modern, luxury appeal to them that can change the entire feel of a home. The good news is that if a roof is newer or has been well-maintained, then a few repairs can ensure no red flags are brought up during the buyer’s inspection.

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Housing Wire

MARCH 10, 2023

” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Housing Wire

DECEMBER 6, 2024

How about that pest control service you used for your clients termite inspection? Show how much youre in the know by being the one sharing local community events and information. Is a new restaurant coming to town? Be the first to let everyone in your network know about it. Maybe you can turn your experience into a small business spotlight.

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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.

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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

DECEMBER 8, 2022

They give you the ability to scale the amount of appraisals you can do with the current appraiser population that you have, and that’s an important part of all the modernization initiatives that have been going on,” said Scot Rose, chief innovation officer at Class Valuation.

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Inman

OCTOBER 9, 2024

Both companies exist to improve the pace of the typical real estate transaction, while reducing cost and risk for agents and consumers.

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Appraisal Buzz

AUGUST 9, 2021

Not so long ago, there were very few appraisers that knew about property inspection waivers. The GSEs implemented policy around the COVID-19 pandemic to temporarily allow for flexibility in reporting and inspecting/observing properties. Any appraiser that has been in business for years has seen the business change and evolve over time.

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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. Simplify Compliance and Documentation Regulatory compliance is a top priority in construction and engineering.

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Appraiserblogs

MARCH 8, 2023

Appraisers, something – comparing and contrasting – dawned on me last week, after reading another news release titled “Dean Kelker: Appraisal Modernization is Starting to Gain Momentum“, which is basically pushing an “Enterprise” singular ‘agenda’ of valuation speed regardless of accuracy. Under the banner of “modernization.”

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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. It’s time to grab your popcorn and… The post Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? appeared on Appraisers Blogs.

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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. In these scenarios, no inspection or appraisal of any kind is performed on the property. Poor data visibility.

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GoForrmz

MARCH 31, 2025

Missing inspection forms or outdated maintenance records can lead to regulatory violations and hazardous job site conditions, posing significant threats to construction site safety. GoFormz allows for automated alerts for scheduled inspections, maintenance, and repairs, ensuring all equipment remains in top condition.

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