Appraiserblogs
JUNE 13, 2024
However, beneath this façade of reliability lies a troubling rift: while real estate appraisers must navigate stringent licensing protocols and scrutiny, the individuals reviewing the appraisals often operate with minimal oversight, instead leaning heavily on automated systems and algorithms.
Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.
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Housing Wire
AUGUST 3, 2022
The fragmented and decentralized appraisal management company sector is ripe for consolidation, amid increased regulatory pressures on appraisers and potentially disruptive technological changes. That technology is not just expected to eventually reduce costs, he added, but could also mitigate appraisal bias.
Appraisal Buzz
JULY 28, 2022
There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.
Housing Wire
SEPTEMBER 21, 2021
According to the administration, this gave mortgagees and their designated technology service providers time to make “necessary adjustments to their systems and processes, including onboarding activities.”. Last year, the module was introduced as a pilot with no set deadline for lenders to transition.
Housing Wire
AUGUST 6, 2024
“Major stakeholders provided compelling feedback that additional time is necessary to properly meet the new expectations of the [May] ML due to staffing considerations, third-party coordination, and technology constraints,” FHA said in an informational notice.
Housing Wire
MAY 24, 2022
“If they can, they want to charge more money for the appraisal. Despite a majority of lending institutions agreeing that adopting new technology for appraisals would be beneficial, survey takers identified several other priorities that were even more important.
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