Housing Wire

JULY 15, 2021

HomeFree-USA gets homebuyers mentally and financially ready for mortgage approval.”. With HomeFree-USA’s Mortgage Achievement Roadmap, Davis was able to take on each step with a trusted homeownership advisor by her side. When Davis became mortgage ready, HomeFree-USA worked with Citi to get her to closing day. Mortgage at Citi.

Clients 418

Clients Development Lending Inspection 418

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

Inspection 105

Inspection Appraisal Construction Clients 105

Housing Wire

JULY 26, 2024

Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction. Does your buyer need to secure a mortgage ? Finally, get a professional appraisal, which will be required by a lender if your family member needs a mortgage.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Fast-forward to today, and that same loan translates into a monthly payment of $1,468 – a 46% increase in monthly mortgage expense! Since 1976, mortgage interest rates and home price appreciation have had a positive, but weak relationship.

Sellers 435

Sellers Marketing Market Value Home Value 435

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Inspection? What Is a Home Appraisal?

Inspection 98

Inspection Appraisal Property Appraisal Real Estate 98

Appraisal Buzz

MARCH 28, 2022

Fannie Mae has released further clarification on their announcement that they will be requiring appraisers to provide square footage calculations in accordance with the American National Standard for Single-Family Residential Buildings, the standard reference is ANSI Z765-2021. The FNMA requirement will take effect April 1, 2022.

Appraisal 370

Appraisal Tools Technology Inspection 370

Housing Wire

JUNE 7, 2024

Here are my top do’s and don’ts for finding listing referrals through your sphere: Do: Educate your sphere about how to refer business to you. Meet the fire department for the smoke inspection. That same agent who referred you the lower priced listing may recommend other agents in the office do the same. Put the lockbox on.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” There will be many more data elements related to the inspection. Using a mobile device for inspections will be a must in the future. We can learn from this beautiful prose.

Appraisal 370

Appraisal Inspection Lending Training 370

Housing Wire

DECEMBER 14, 2020

With the onset of COVID-19, the already-siloed communication channels between mortgage lenders, real estate agents, title agents and underwriters became even more strained as standard methods of in-person communication were no longer an option for many.

Real Estate Agent 347

Real Estate Agent Real Estate Technology Agents 347

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?

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Realtor

JUNE 29, 2020

Alina555 / Getty Images When interest rates dropped to record lows in March, I decided to refinance the mortgage on my house. After all, your home serves as the loan’s collateral, meaning that if you stop paying your mortgage, your lender can foreclose on your property, take it over, and then sell the place to recoup its losses.

Appraisal 139

Appraisal Technology Inspection Property Appraisal 139

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

Mortgage 69

Mortgage Insurance Inspection Sellers 69

Padove Appraisal Service

JANUARY 11, 2019

The mortgage industry has repeatedly attempted to eliminate the requirement for a home appraisal in the lending process. A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae).

Appraisal 78

Appraisal Inspection Valuation Buyers 78

Raleigh Realty

FEBRUARY 24, 2022

Generally speaking, buyers are expected to pay roughly 5 of the full value of the mortgage on things like closing fees and other related services. At this point in the offer letter, a buyer will also include what is referred to as "earnest money," which is really just a good faith deposit to let the seller know how serious they are.

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Lamacchia Realty

JANUARY 18, 2022

Contingencies refer to unforeseen possibilities in the future that can affect the value of a home and the purchase process. Home Inspection When you’re considering purchasing a home, you’ll need to get a home inspection done. Home Inspection When you’re considering purchasing a home, you’ll need to get a home inspection done.

Inspection 74

Inspection Sellers Buyers Realty 74

McKissock

AUGUST 30, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. If they are not local, check up on them with the Better Business Bureau or an organization like the Mortgage Bankers Association.

Appraisal 81

Appraisal Clients Inspection Lending 81

D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a key part of the financing portion of any new or refinanced mortgage or loan agreement. The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional. It is something most financial institutions will insist on before releasing funds.

Appraisal 108

Appraisal Inspection Appraisal Process Legal 108

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good. Mortgage interest rates ALWAYS go up and down.

Appraisal 94

Appraisal Training Inspection Real Estate 94

Appraisal Today

JANUARY 31, 2025

Unparalleled 3-Mansion Compound on Miamis Exclusive Palm Island Splashes Onto the Market for $150 Million DEI and Appraisers Fannie and Freddie Forecasts Fannie, Freddie: New Market Analysis Requirements February 4th Mortgage applications decreased 2.0 Keep it as a reference for the future when you may need to use the Cost Approach.

Appraisal 68

Appraisal Contracts Real Estate Insurance 68

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. I keep hearing about the automated appraisal. What does that mean? Lower cost than traditional appraisal.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. I keep hearing about the automated appraisal. What does that mean? Lower cost than traditional appraisal.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

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. Thus, the parties conducting each part of the appraisal, inspection vs. research, are completed by two different people instead of one.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Realtor

JUNE 29, 2020

Alina555 / Getty Images When interest rates dropped to record lows in March, I decided to refinance the mortgage on my house. After all, your home serves as the loan’s collateral, meaning that if you stop paying your mortgage, your lender can foreclose on your property, take it over, and then sell the place to recoup its losses.

Appraisal 78

Appraisal Technology Inspection Property Appraisal 78

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Mortgage rates were 18%+. By Dallas T. I worked for an assessor’s office then.

Appraisal 77

Appraisal Inspection Modernization Business 77

Boston Appraisal

APRIL 22, 2019

To determine the value of the house in a divorce, he or she will inspect the property and take pictures and measurements. These appraisals are sometimes referred to as historical or retroactive appraisals. The appraiser is a third-party that can offer an unbiased opinion of value. as well as its condition.

Appraisal 78

Appraisal Market Value Real Estate Inspection 78

McKissock

JULY 19, 2022

Looks can be deceiving, so be sure to ask for the paperwork showing that routine inspections have been performed. Often introduced as a “mortgage agency,” fraudulent loan companies guarantee discounted loan rates for an upfront fee. Making sure a cosmetic change isn’t covering up a disaster underneath could save you thousands.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. Build Equity Every time you make a mortgage payment, you build equity in your home.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier.

Appraisal 94

Appraisal Contracts Mortgage Inspection 94

Appraisal Today

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

Appraisal 86

Appraisal Contracts Real Estate Mortgage 86

Appraisal Today

AUGUST 18, 2023

Integrated commentary Gone are the days of vague references to some addendum page that the reader has to hunt down. Appraisers can provide their insights right next to the data, photos, maps, or figures it refers to. This was the same process many of us underwent with the exterior-only (drive-by) inspections.

Appraisal 83

Appraisal Contracts Inspection Real Estate 83

Raleigh Realty

MARCH 23, 2021

This process, which real estate agents refer to as “running comps,” involves finding homes that have closed in your area, looking at their size and sale price, and using that research to determine what your home should be listed for. For example, buyers may make an offer on your home that is contingent on your house passing a home inspection.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Lamacchia Realty

AUGUST 12, 2021

Always commit to having a property inspection in order to avoid any surprises when it comes to the foundation and overall structure of the home. Cost of Renovations – During your property inspection, the professional inspector will be able to provide you with an accurate estimate of how much the renovations you plan on will actually cost.

Renovations 69

Renovations Finance Inspection Buyers 69

Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. Build Equity Your home will have a value assigned to it, and you'll be making mortgage payments. The difference between the home's value and what is left in your mortgage is the equity.

Real Estate Agent 78

Real Estate Agent Real Estate Inspection Insurance 78

Birmingham Appraisal

JUNE 19, 2024

This process is separate from the private appraisal conducted for mortgage, sale, or other purposes. Whether you are refinancing your mortgage, selling your property, or engaging in estate planning, you can trust that your appraisal report will be handled with the utmost confidentiality.

Appraisal 83

Appraisal Appraisal Process Clients Real Estate 83

D Fritz Appraisals

OCTOBER 22, 2019

This is unlike when you’re buying a home and paying for a property appraisal to satisfy the bank lending you your mortgage – in this case the bank has a list of companies they work with). Up Next: Home Inspections vs. Home Appraisals. So, when it’s up to you, how do you know what property appraisal company to hire?

Appraisal 78

Appraisal Property Appraisal Real Estate Appraisal Process 78

McKissock

FEBRUARY 4, 2022

According to a new report from Redfin News , “The share of newly built single-family homes on the market is at a record high as builders try to keep up with surging homebuyer demand fueled by low mortgage rates, low inventory and remote work.” ” Redfin states, “More than one-third (34.1%) of U.S. 3 , or Mar.

Construction 52

Construction Housing Market Appraisal Training 52

Movoto

MAY 15, 2024

Select service members, veterans, and some surviving military spouses can take advantage of a specific lending scenario known as a veteran mortgage – more commonly referred to as VA loans. What is a Veteran Mortgage? In most cases, a mortgage for veterans is the ideal option when buying a home for those who qualify.

Mortgage 36

Mortgage Real Estate Agent Lending Real Estate 36