Housing Wire
OCTOBER 21, 2024
The changes include communicating to applicants that they have the right to request a reconsideration of value (ROV); explaining why an ROV is denied or the valuation is unchanged; and training its credit, valuation and customer service staff on the topic.
Housing Wire
MARCH 26, 2024
California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. The settlement requires loanDepot to implement enhancements to its mortgage appraisal policies and procedures within 120 days. But the company hasn’t admitted any fault.
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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.
Housing Wire
FEBRUARY 8, 2022
By the end of 2020, FHFA signaled publicly it was considering hybrid appraisals on a permanent basis, following proposals from both Fannie Mae and Freddie Mac. It also pointed out potential pitfalls of a non-traditional approach.
Appraisal Today
MAY 19, 2023
My first appraisal job was updating data records for an assessor’s office, converting to computerized valuation in the mid-1970s. Some AMCs may use appraisers for data collection at a reasonable fee instead of Uber drivers with 3 weeks of training. I learned a lot. You need to educate yourself.
Appraisal Today
MARCH 28, 2025
CDEI, MNAA Excerpts: Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. But our training must govern here and force us to ask the question, Does this adjustment protocol reflect current market verities? Tim is a regular contributor to the monthly Appraisal Today.
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