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. One mid-sized lender echoed the opinion of others that appraisals still take too long. “It
Housing Wire
MAY 23, 2022
A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together.
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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. appeared on Appraisers Blogs.
Housing Wire
MAY 25, 2022
While the VA said it hopes to “improve the veteran experience” by modernizing its outdated procedures, some loans will still require pre-approval before closing. Loan closings could not proceed until the VA issued its approval, which resulted in a drawn-out process.
Housing Wire
SEPTEMBER 21, 2021
Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said. The announcement comes after more than a year’s worth of efforts by the FHA to streamline and modernize their FHA loan origination and claims process.
Housing Wire
AUGUST 3, 2022
That technology is not just expected to eventually reduce costs, he added, but could also mitigate appraisal bias. “The tech involved in those modernized products prevents human to human interaction,” Oglesby said. ” The post Class Valuation acquires AMC AppraisalTek appeared first on HousingWire.
Miller Samuel
APRIL 27, 2019
The criticism seems like a weird attempt at fogging since this law is protective of USPAP and the public trust, something that has been forgotten in the attempt to "modernize" the appraisal industry. This new law only applies to appraisals ordered through AMCs (which control an estimated 80% of U.S.
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