Housing Wire
DECEMBER 11, 2020
Earlier this year, citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency directed the government-sponsored enterprises to ease their standards for both property appraisals and verification of employment. Are borrower-assisted inspections here to stay?
Housing Wire
MAY 24, 2022
A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. However, they have several more pressing priorities when it comes to what they’re investing in.
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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.
Housing Wire
SEPTEMBER 9, 2020
Another critical element, according to agents, is not to make the deals contingent upon things like inspections and not to “nickel and dime” the seller. For our seller-clients, we were counseling them on how the buyers waive appraisals or waive mortgage contingencies,” Cordano said.
Housing Wire
AUGUST 3, 2022
Hybrid appraisals rely on third-party data collection, while desktop appraisals require photos and a floor plan. 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.
Birmingham Appraisal
SEPTEMBER 15, 2022
What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Appraisal vs Home Inspection.
Appraiserblogs
MARCH 7, 2024
The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Despite its roots in a methodology designed to support appraisers, Value.
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