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Proposed VA appraisal law looks to even the playing field

Housing Wire

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. ” The post Proposed VA appraisal law looks to even the playing field appeared first on HousingWire.

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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

Back on April 19th , I wrote about the New York AMC law in my Housing Notes newsletter. After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Here is the NYS "AMC Law" as a PDF or in plain text on the landing page of the law. No, it isn't.

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Navigating the NAR Settlement: An Unprecedented Opportunity for Appraisers

Appraisal Buzz

However, with agents’ commissions and roles being questioned, appraisers have the chance to position themselves as indispensable experts in property valuation. By positioning themselves as unbiased third parties who provide impartial, data-driven valuation reports, appraisers can offer invaluable services directly to buyers.

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Seeing is Believing: How using computer vision can become a best practice for all loans

Appraisal Buzz

According to Epoch research , “Since 2010, the amount of training computed for machine learning models has grown by a factor of 10 billion, significantly exceeding a naive extrapolation of Moore’s Law.” They also are using computer vision to validate third-party valuations prepared by appraisal management companies.

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Most good things change, and most change is good!

Appraisal Buzz

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). There are also the economics of training new appraisers and the numerous and disparate state laws and lender prohibitions. Some of these have been around for many years.

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What! No Report?

George Dell

Does modernized appraisal require a modernized report? And how about non-appraiser appraisals (valuations)? In the past, our thinking, expectations, laws and regulations, have separated the development of an appraisal from the report of an appraisal. Here we use the word ‘appraisal’ in its generic public meaning.)

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The purchase market is an opportunity for the title industry

Housing Wire

How hybrid title and valuations help increase lending efficiency. That’s due in part to the unsightly myriad of laws and regulations that hamper many potential improvements or efficiencies. Having a modern, streamlined process makes a potential lending client’s decision much easier. But not everyone will be prepared.

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