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Opinion: The pros and cons of VA modernization bill

Housing Wire

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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The appraisal gap is complicating deals across the country

Housing Wire

It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. How hybrid title and valuations help increase lending efficiency. The home checked off every box on Linda’s list. Streamline by combining services.

Appraisal 540
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The Importance of Correlation Matrices in Residential Real Estate Appraisals: Five Key Reasons for Use

Appraisal Buzz

While the basic approach involves the valuation of properties using comparable sales, the proper use of statistical tools, such as a correlation matrix, can significantly enhance the quality and objectivity of the appraisal process.

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Progress now or perfect later: Improving the appraisal process

Housing Wire

Concerns of racial bias , a lack of standardization for consumers in the reconsideration of value process and unclear authority in the governance structure are all present amidst increased requests from lenders for a more efficient process that provides value certainty sooner. Is “better” good enough as a starting point?

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A View on Risk: Desktop Appraisals

Appraisal Buzz

The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property. It will give the reader of the report, and the person who will be providing the valuation, a visualization of what exists.

Appraisal 435
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Editorial Advisory Board Outlook: Insights From Economist, GSEs

Appraisal Buzz

These duties include front-end collateral policy design, loan quality control activities for both credit and collateral, condo standards, property valuations designation and modernization, appraisal bias oversight, real estate liquidation options, and Single-Family operational risk management.

Appraisal 221
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What’s New in Appraisal Membership: June 2021

McKissock

Job aid: Big Box Retail Valuations. Job aid: How to Respond to a Reconsideration of Value Request. The useful and practical information within this guide is intended to enhance and strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value.