Appraisal Buzz

JULY 1, 2024

The NSMO provides a unique view of mortgage borrowers, helping illustrate underlying trends that can identify emerging issues in mortgage lending,” said Saty Patrabansh, FHFA Associate Director for the Office of Data and Statistics. This new release adds one additional year of new mortgage data through 2021. “The

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Housing Wire

AUGUST 18, 2021

One glaring example of this is asking the borrower for the same information multiple times through the lending process — a key contributor to low net promoter scores. Fast and furious in the lending world. Lending done right…end to end. Lenders are under constant pressure to move faster.

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Housing Wire

APRIL 21, 2021

.” While some flexibilities are meeting their end, the FHFA said it will extend alternative appraisals on purchase and rate-term refinance loans out another month until May 31, 2021.

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Appraiserblogs

MARCH 27, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future.

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Housing Wire

APRIL 6, 2023

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” housing market in the future.

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Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Second, it allows you to tailor your offer to each individual house you put an offer on.

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Housing Wire

JUNE 4, 2021

In April, Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he was seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing.

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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

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Appraisal Valuation Reconsideration of Value Training 397

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

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Appraisal Today

SEPTEMBER 27, 2024

Understanding the depth, quality of the water, and type of shoreline is crucial, as these elements directly influence the property’s usability, aesthetics, and long-term stability. The importance of these factors cannot be overstated, and they deserve careful consideration in every waterfront property appraisal.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Both GSEs argue that these approaches advance equity.

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Appraisal Buzz

SEPTEMBER 20, 2021

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. Realtors and Property Appraisers? This was originally published on hoskingappraisalgroup.com here. So what’s the consensus, you ask? And what does this mean for the economy?

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Appraisal Buzz

APRIL 15, 2024

The new data set is all encompassing for every property type (residential) that were traditionally divided into 12 separate forms. The appraiser will be led through a process, defined by the scope of work. This scope of work is determined by the type of property and the characteristics of the property.

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Housing Wire

AUGUST 31, 2023

What you’re probably wondering is, “What does this have to do with appraisal modernization?” Historically, traditional property appraisals have consumed significant amounts of time, contributing to delays in loan processing and frustrating both borrowers and lenders.

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Housing Wire

DECEMBER 14, 2021

In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

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Appraisal Buzz

JULY 2, 2024

The NSMO provides a unique view of mortgage borrowers, helping illustrate underlying trends that can identify emerging issues in mortgage lending,” says Saty Patrabansh, associate director for the office of data and statistics for the FHFA, in a release. Today’s release adds one additional year of new mortgage data through 2021.

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Appraisal Buzz

MAY 24, 2021

These properties are not for owner occupancy. Because multifamily homes serve a different purpose than single-family properties, appraisers have yet another factor to consider before presenting a number to the bank. This way, you can use the proper method for that specific property.

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Appraiserblogs

APRIL 9, 2023

We the people need to redirect the mortgage lending direction… The time for every appraiser and consumer to step up is now. Appraisers have been the target for blame for everything gone wrong in the mortgage lending world. Fannie Mae’s decision to waive/eliminate property appraisal for lending… No Appraisals Required.

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Appraiserblogs

MAY 15, 2023

The end result of which includes OUTRIGHT FRAUD being perpetrated against banks via the repurchase letters Fannie Mae now issues on a quota based system rather than because of legitimate appraisal defects. Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness.

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Appraiserblogs

MARCH 29, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. With falling values across many markets combined with rising mortgage rates putting even more pressure on borrowers’ wallets, this decision could potentially put. Related Posts: Dear Representative, FNMA Has Gone Rogue!

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Realvals

FEBRUARY 10, 2025

I have done plenty of property tax appeals in San Francisco. Frequently Asked Questions Property appraisals involve complex privacy and accessibility issues. The following questions address common concerns about viewing appraisal records and reports. How can one access the last appraisal information of a property?

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Appraiserblogs

APRIL 6, 2023

In response to the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae to expand its appraisal waiver program, the American Society of Appraisers (ASA) has released an op-ed by ASA’s Strategic Partnership Officer, John D. Fannie Mae’s decision to waive/eliminate property appraisal for lending… No Appraisals Required.

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Appraisal Property Appraisal Lending Finance 111

Cleveland Appraisal Blog

APRIL 10, 2025

Most lenders require that the appraiser view every room. If the appraisal is not for lending purposes, then specific assumptions (Extraordinary Assumptions) must be made regarding the condition of the unseen room. And trust me, safety is a huge factor when it comes to lending. Have a great week!

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Cleveland Appraisal Blog

JANUARY 19, 2023

” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. That is not always a simple task.

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Appraiserblogs

JUNE 28, 2023

Related Posts: AMC Hires a Convicted Felon as Property Data Collector The recent case of Paschal Uchendu, a convicted felon awaiting sentencing for orchestrating a $1.2 Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness.

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The Robert Weiler Company

SEPTEMBER 30, 2020

As per the above list, there are several motives for a commercial real estate appraisal review; however, what does a real-world scenario look like? Two of the best examples occur when there is lending involved or litigation pursued. A commercial appraisal review is also critical during litigation. Grant Applications.

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Aedis Appraisals

APRIL 25, 2018

If you are a property owner, you may be used to having a lending institution order an appraisal of your home. However, you may also want to consider having your property appraised independently. An appraisal is defined as an inspection that gives an estimate of a property’s value.

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Appraiserblogs

MARCH 17, 2021

Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. Prior to the initiation of a residential property appraisal, a holder of a license or certification under P.L.1991, From Bill A5185: 2. 45:14F-1 et seq.) or registration under P.L.2017, 45:14F-27 et al.)

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Appraisal Law Legal Property Appraisal 101

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” The 58-page report is available here , while an Executive Summary of the report is also available.

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McKissock

DECEMBER 28, 2021

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. Major unknowns in the coming year.

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Appraiserblogs

MARCH 8, 2021

The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. … USPAP Appraisal Reviews in 15 Minutes?

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Law Property Appraisal Appraisal Real Property 93

Appraisal Hub

NOVEMBER 23, 2022

But to ensure that your property is sold for fair market value, you’ll need the guidance of a reliable appraisal company. Why you need appraisal services in Toronto: Find the Right Value for Your Property. Lending institutions typically require a certified appraisal, ensuring that your property is priced reasonably.

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AmeriMac

MARCH 15, 2025

The Role of Appraisal Management in Real Estate Effective appraisal management in real estate provides an unbiased view of a property’s market value by considering factors like location, square footage, recent sales, and market conditions.

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Realtor

JUNE 29, 2020

With an appraisal waiver, however, also known as a property inspection waiver, the loan is underwritten without hiring an appraiser. Instead, the lender assesses the property. Appraisal waivers were once rare, but the coronavirus pandemic has made them more popular. How to apply for an appraisal waiver.

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Appraisal Partners Blog

JANUARY 31, 2024

In this blog, we will tell you some benefits that will showcase the importance of residential property appraisal. Understanding the Basics So, why do you need an appraisal for your residential property? In the­ same way, it shields buyers from paying more than the property’s actual value. Le­t’s decode this.

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D Fritz Appraisals

OCTOBER 22, 2019

Looking for a Home Appraisal Company in Victoria, BC? In any of these situations, a property appraisal company can help, and it will be up to you to hire the right company for the job. So, when it’s up to you, how do you know what property appraisal company to hire? Up Next: Home Inspections vs. Home Appraisals.

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Appraisal Property Appraisal Real Estate Appraisal Process 78

Appraisal Hub

MARCH 19, 2023

Mortgage lenders require assurance that they are issuing a loan commensurate to the value of the property. A property appraisal in Toronto will provide them with an accurate assessment of that home’s value. An impartial appraisal can help you set a fair price and attract more potential buyers. Appraisal Hub Inc.

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