Housing Wire

FEBRUARY 21, 2023

It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Valuations – Hybrid and desktop appraisals allow appraisers to focus on appraisal quality and output rather than losing precious hours in transit.

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Modernization Technology Valuation Real Estate Agent 369

Housing Wire

SEPTEMBER 8, 2023

If you’re in the real estate industry, you certainly know that the average time from mortgage application to closing has been hovering around 50 days. It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm.

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Real Estate Agent Real Estate Project Management Agents 414

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow.

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Mortgage Technology Loan Officers Investing 397

Appraisal Buzz

OCTOBER 3, 2022

According to the Uniform Standards of Professional Appraisal Practice (USPAP), the rules that all professional appraisers are required to abide by, appraisers must take into consideration all market trends and other influences on property value in their valuation opinions. USPAP Rule 1-3 (d) (v) makes this clear.

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Appraisal Buzz

MAY 17, 2021

This left the appraiser wide-open to being a target of “a series of errors” that affected the credibility of the valuation results. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Some appraisers are reticent to address increasing trends now.

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Appraisal Clients Real Estate Sellers 418

Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. I had the opportunity to discuss some common questions people have about the appraisal process with Massachusetts real estate agent Kevin Vitali.

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Appraisal Easement Real Estate Agent Valuation 75

Realtor

SEPTEMBER 13, 2023

“The homeowner, loan officer, and often the real estate agent work together to find better comparable market data to justify a higher valuation,” says Casey Fleming , a mortgage adviser and author of “ The Loan Guide: How to Get the Best Possible Mortgage.” .

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Appraisal Sellers Real Estate Agent Valuation 188

Housing Wire

OCTOBER 7, 2020

Its Enterprise Solutions group includes title and closing service providers WFG Lender Services, WFG Default Title Services and Valutrust Solutions, a national appraisal management and property valuation provider. Notifications are sent to the subscriber or available on an easy-to-access portal. To 2021 and beyond.

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Real Estate Insurance Technology Loan Officers 370

Housing Wire

NOVEMBER 8, 2021

But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients.

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Clients Agents Buyers Sellers 418

Cleveland Appraisal Blog

MARCH 30, 2021

Yesterday, the lender sent me some sales that the loan office obtained from the builder, that were supposed to support a higher opinion of value. How to Fight Real Estate Agents’ Appraiser Blacklisting – APPRAISAL TODAY. They were new ranch style homes, like the home I appraised.

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Housing Market Marketing Reconsideration of Value Contracts 367

Realtor

DECEMBER 15, 2016

Homeowners may also need an appraisal when they refinance a home or take out a home equity loan (HELOC). But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Real estate appraisers are merely there to give an unbiased opinion about the home value.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

Homeowners may also need an appraisal when they refinance a home or take out a home equity loan (HELOC). But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Real estate appraisers are merely there to give an unbiased opinion about the home value.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Annarbor Appraisal

SEPTEMBER 6, 2020

The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. The lender obtains the appraisal to ensure that the collateral is adequate for the loan (remember the three C’s of credit, capacity, and collateral). Limit the number of sales to three if possible. •

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Mortgage Appraisal Appraisal Reconsideration of Value Mortgage 78

Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. Roof with missing shingles, holes or in generally poor condition.

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Buyers Inspection Loan Officers Real Estate 78

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

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Appraisal Real Estate Agent Contracts Real Estate 83

Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. Roof with missing shingles, holes or in generally poor condition.

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Buyers Inspection Loan Officers Real Estate 60

Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. This often involves contacting a party to the sale such as the buyer, seller, or real estate agent who was involved in the sale.

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Appraisal Inspection Appraisal Process Real Estate Agent 98

Birmingham Appraisal

FEBRUARY 8, 2023

If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about. Instead of getting a traditional appraisal, the bank will use an Automated Valuation Model or AVM. An AVM is very similar to a Zillow Zestimate and utilizes computer algorithms to estimate the value.

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Realtors Appraisal Market Value Real Estate Agent 86

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

This is important because loan officers usually have different requirements than individual homeowners. Loan officers are typically looking for an assessment of the condition of the house and a rough market value to put on the mortgage documents. Follow up with the references for your selected candidate. Call today!

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Real Estate Appraisal Valuation Loan Officers 36

McKissock

APRIL 16, 2021

.” According to the article, “Some buyers are borrowing money from relatives and taking loans out against their retirement” to close the appraisal gap. Get insights into this issue from the perspective of the homebuyer, the real estate agent, the loan officer, and the appraiser by reading the full story here.

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Housing Market Appraisal Marketing Real Estate Agent 59

Genworth MI Blog

JULY 13, 2023

They could be a licensed appraiser and an authorized real estate agent, two appraisers, etc. Risks lenders should consider Over the years the appraisal review process has grown, along with many resources that allow for data validation, and Automated Valuation Model (AVM) products that offer details for sales in the area.

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Appraisal Inspection HOA Real Estate 78

Cornerstone

MARCH 3, 2021

Here’s a local loan officer who can help. Work with a skilled real estate agent. This may be software-generated and can vary by agent. Compare the CMA collected from nearby properties (comps) to the value projected from an online valuation tool and adjust the listing price as needed.

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Sellers Bracketing Inventory Buyers 59

Appraisal Today

MAY 10, 2024

This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.” The mortgage loan officer handling the loan? Was it the borrower? A Zillow Zestimate? What is your market like?

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Reconsideration of Value Appraisal Real Estate Insurance 74

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” ” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. You’ve opened the door. Kenon Chen.

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Sellers Agents Real Estate Appraisal 69

Appraisal Today

OCTOBER 14, 2022

Appraisers who excel in this specialized field are generally those who “are willing to spend the time necessary to complete extensive research, are willing to write detailed appraisal reports, and are willing to communicate and interact with real estate agents and builders in the luxury real estate market,”.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

AUGUST 13, 2023

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. In valuation we can either go out further in distance for comps or go back in time in the immediate neighborhood. Excerpt: One of the challenges today is valuing properties in the midst of seeing fewer listings and sales.

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Appraisal Contracts Real Estate Agent Real Estate 76

Housing Wire

OCTOBER 29, 2024

Scot Rose from Class Valuation explores current trends and offers strategies to help lenders thrive in 2025. Comprehensive communication plan – Educate and promote the benefits of the program to loan officers, mortgage brokers, real estate agents, and other key stakeholders.

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Appraisal Valuation Modernization Appraisal Process 458

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers.

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Real Estate Agent Loan Officers Real Estate Agents 476