Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). Some of these have been around for many years. And God forbid “I need to smell the house”!

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Housing Wire

AUGUST 29, 2024

area, according to the Attorney General for the District of Columbia Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC (Modern), and Union Settlements, LLC (Union) will pay $1.9 Four title insurance firms have agreed to pay nearly $3.3 million, $1 million, $325,000 and $65,000, respectively.

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Housing Wire

JUNE 20, 2023

HUD also plans to modernize processes regarding engagement with mortgage borrowers who are in default , which currently requires a face-to-face meeting between the defaulted borrower, and would permit lenders to employ either telephone or modern videoconferencing services to conduct meetings prior to either foreclosure or assignment of their loan.

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Housing Wire

AUGUST 2, 2024

Singh explains that modern AI tools require increasingly larger amounts of data than ever before. Singh explains that general AI models cannot answer detailed real estate-related prompts without referring to general resources. Therefore, including accurate and diverse data is vital in developing AI and gathering good data.

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Housing Wire

DECEMBER 5, 2024

The study — which refers to such homes as “mobile homes,” a term the manufactured housing industry sees as imprecise at best and erroneous at worst — also found that prices for these homes accelerated at a faster pace than traditional single-family homes. increased by 58.34% between 2018 and 2023.

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Land Lease Renovations Modernization Design 418

Appraisal Buzz

MARCH 24, 2025

of USPAP (bibliograph citation by reference). The Appraisal Institute published Time Adjustment Research Contains Multiple Flaws on December 13, 2024 (see here by reference). This monograph assumes the protocol Fannie Mae indicates, above. This monograph assumes the 2024 ed. 2025 Timothy C.

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Contracts Appraisal Real Estate Marketing 284

Housing Wire

SEPTEMBER 17, 2024

New final rule on counseling accessibility Published in the Federal Register on Monday, the “ Modernizing the Delivery of Housing Counseling Services ” final rule now allows HUD-approved housing counseling agencies to use a broader swath of communication methods with counseling clients. The final rule is slated to go into effect on Oct.

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Housing Wire

MARCH 19, 2024

Among key HECM-related updates, Ames noted that there is more inclusion and more references to other HUD guidance — including the Single Family Housing Handbook, which received extensive, years-in-the-making reverse mortgage updates last year. This helps the counseling handbook avoid both inconsistent and duplicative information.

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Appraiserblogs

JANUARY 2, 2024

The Elephant I refer to is simply this: Fannie Mae’s modernization program is going to put a lot of appraisers out of business. I can hear the chorus of my fellow appraisers rising up… The post The Elephant In the Room: Fannie’s Modernization Program appeared on Appraisers Blogs. It’s all “lender centric”.

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Housing Wire

AUGUST 2, 2023

The second task is to clarify that appraisers, AMCs and appraisal firms “all fall under the same protections and are referred to as ‘independent parties,’” according to Fannie Mae. The AIR update now lists these entities as “restricted parties.”

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Appraisal Buzz

OCTOBER 11, 2024

New Rule to Expand Counseling Offerings Effective October 16, the Modernizing the Delivery of Housing Counseling Services final rule now allows HUD-approved housing counseling agencies to use alternative communication methods, such as meeting virtually and by phone, to engage and educate homebuyers and renters seeking support.

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Appraisal Buzz

APRIL 1, 2024

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Simply having the contemporaneous records available whenever one might need to refer back to them allows the appraiser to create an imprint memory.

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Housing Wire

MAY 27, 2022

I continue to refer to this as the best piece of advice I have ever received because it reflects two key values. It’s also more modern and appealing to first-time home buyers. HousingWire: What is the best piece of advice you’ve ever received? Jeremy Potter: Greater investment and incentives for factory-built housing.

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Appraisal Buzz

FEBRUARY 7, 2022

Desktop refers to a scope of work where the appraiser did not perform any level of viewing of the property and relied on other sources to gather property details. All three labels refer to the scope of work completed by the appraiser when completing the assignment. The announcement has been met with less enthusiasm by others.

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Housing Wire

OCTOBER 3, 2022

When it comes to origination, modernization is key to enhancing the customer experience, improving overall cycle times and increasing overall profit. Referred to as “lights-out processing,” this advanced technology actively monitors the system for any data changes.

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Housing Wire

JUNE 2, 2022

As the traditional in-person notarization process can involve hundreds of paper records, you’re also losing the eco-friendly appeal with modern borrowers expecting a paperless process. BW : In-Person Electronic Notarization (IPEN) has been around for many years, often referred to as simply electronic notarization.

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Housing Wire

JUNE 2, 2023

This resolution makes clear our commitment to holding banks and financial institutions accountable for modern-day redlining while ensuring access to fair lending in communities of color.” DOJ opened the investigation into ESSA after being referred by the Federal Deposit Insurance Corporation (FDIC).

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Housing Wire

FEBRUARY 24, 2023

It is obvious that language being used like “eradicate” or “eliminate” in reference to appraisal bias is chosen to convey the importance of not compromising on the process being equitable for all. Perhaps this can all be summed up as a growing demand for an appraisal process that is more equitable, efficient, accurate and objective.

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Appraiserblogs

FEBRUARY 15, 2024

The mission is to “modernize” the appraisal profession into a skeleton crew of compliant zombies who will be rubber stamping appraisal reports for $25 each (Source: Voice of Appraisal) from the dark confines of their private offices.

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Housing Wire

JULY 18, 2023

As a frame of reference, a 20/1,000 turnover rate is a fairly typical for the modern housing market. A more active market would have a rate closer to 40 or 50 for every 1,000 homes.

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Inventory Property Taxes Buyers Modernization 370

Appraisal Buzz

JULY 22, 2024

The latter was simply a reference to the property’s location near the ocean, which is relatively common where I operate , but each term was innocuous and routine — unless of course you take them out of context.

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Housing Wire

OCTOBER 2, 2020

“Through our correspondent channel, we primarily purchase and aggregate residential mortgages from trusted third-party originators, who we refer to as ‘correspondent sellers.’ Year-to-date, AmeriHome has booked $642 million in revenue for the 12 months that ended June 30, according to the S-1 filing.

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Housing Wire

JULY 1, 2021

“We’ve found that many people care more about public spaces than private spaces,” says Katie Lambert, an interior designer with Lambert Home, referring to different living areas in a home. The kitchen is also one of the areas that is commonly in need of modernization, from outdated appliances to antiquated cabinet styles.

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Renovations Valuation Appraisal Investing 448

Housing Wire

FEBRUARY 10, 2024

Exam Prep: RealEstateU’s Exam Prep course includes sample questions, six practice exams, and lessons that are connected to the full course for quick reference, helping you focus on the exact information you’ll need to retain for the licensing exam. Modern Real Estate Practice Prelicensing Package $299 Required 75 hrs. of coursework.

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Appraisal Buzz

JULY 12, 2021

Where demand is out-pacing supply, it creates a supply chain imbalance, which is more commonly referred to as market supply/demand imbalance. Greg: : Unfortunately, there are no short-term solutions in the crystal ball, especially as we continue to recover from the most impactful world-wide event in modern history.

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Housing Wire

NOVEMBER 8, 2021

People have not been made fully aware of all the flexible options including reverse mortgages, that are available to today’s modern borrower or they have preconceived notions based on dated or wrong information about legacy reverse mortgage industry products.”. “This is why education is the centerpiece of FAR’s mission.

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Appraisal Buzz

MARCH 28, 2022

Fannie Mae has released further clarification on their announcement that they will be requiring appraisers to provide square footage calculations in accordance with the American National Standard for Single-Family Residential Buildings, the standard reference is ANSI Z765-2021. The FNMA requirement will take effect April 1, 2022.

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Appraisal Buzz

MAY 23, 2022

If you have ever read or heard about the book titled “Who Moved My Cheese,” you may know the story about the four characters in the book and what the cheese refers to. The cheese is a metaphor for what you want in life or business. The characters all love cheese but are caught in a maze.

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Appraisal Buzz

SEPTEMBER 16, 2024

This AI Agent is trained on and powered by the current “2024 USPAP Reference and Guidance Manual.” .” AI USPAP Compliance Advisor : Stay on top of USPAP compliance with detailed report feedback, regulatory queries, and ethical adherence.

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Appraisal Training Agents Human Resources 363

Housing Wire

DECEMBER 26, 2023

Before you dive in, it’s important to know that in North Carolina, all beginning real estate agents are referred to as provisional brokers. Includes Modern Real estate Practice in North Carolina textbook, NC Drill & Practice QBank + NC Exam Prep courses, Accelerator Online Video Course and Live Online Coaching.

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Real Estate Real Estate Agent Design Law 448

Appraisal Buzz

APRIL 15, 2024

In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it. Appraisers have grown accustomed to the appraisal software they utilize and are reluctant to change. There are numerous reasons for this hesitancy.

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Housing Wire

MARCH 28, 2022

These concerns were echoed in a survey conducted by The Mortgage Collaborative, in which mortgage lenders indicated that two of their top-five concerns are “scaling and modernizing the loan manufacturing process to better insulate against volume fluctuations” and “measuring operations and employee productivity.”.

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Appraiserblogs

FEBRUARY 9, 2023

That is information foreign to appraisers, because we don’t use or reference anything about Census Tracts in our reports. the modern appraisal industry perpetuates racial inequality through its continued use of the “sales comparison approach”. It’s been done by Freddie Mac, by Andre Perry in his testimony before Congress, by Ph.D

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GoForrmz

NOVEMBER 21, 2024

The Role of Real-Time Data Capture in Construction Real-time data capture refers to the use of digital tools to collect, store, and share information instantly. See Digital Forms for Construction About GoFormz GoFormz is the digital forms solution for every modern construction team.

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Appraisal Buzz

MAY 13, 2024

In the context of real estate appraisers, it is essential for accurately valuing properties and providing credible appraisal reports.

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Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” This line highlights the idea that the nature of an object, person, or concept is not altered by its label or name. We can learn from this beautiful prose.

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Appraisal Inspection Lending Training 370

GoForrmz

APRIL 8, 2021

Check out the top five digital forms beverage distributors and their teams are using to modernize and optimize their business processes: New Account Form Quickly input and route new account information with digital forms and real-time data.

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Client Relationships Modernization Business Clients 158