Appraiserblogs

JUNE 13, 2024

Reforming the appraisal review process is essential to maintaining the integrity of the real estate market and protecting consumers and homeowners. In mortgage financing, the appraisal process is often seen as the foundation of accurate property valuation and market stability.

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Mortgage Appraisal Appraisal Mortgage Valuation 124

Housing Wire

AUGUST 6, 2024

Department of Housing and Urban Development (HUD), the FHA and the government-sponsored enterprises (GSEs) in collaboration with the Federal Housing Finance Agency (FHFA) — was designed to ”develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by” the GSEs, HUD explained.

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Reconsideration of Value Appraisal Design Valuation 447

Housing Wire

MAY 12, 2021

Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. The post Why VA mortgage loans go to the bottom of the stack appeared first on HousingWire. Lucie, Florida. Already a member?

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Mortgage Government Construction Clients 459

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.

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Modernization Appraisal Lending Investing 501

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. It all starts with the standard appraisal forms used in the mortgage process.

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Appraisal Design Lending Technology 397

Appraisal Buzz

JULY 20, 2022

Indianapolis, Indiana, July 20, 2022 (AppraisalBuzz.com; Newswire.com) – SettlementOne Valuation, a leading provider of credit, data, and appraisal management services to the U.S. mortgage industry, today announced the hiring of Michelle Mencarini, Vice President of National Sales. About SettlementOne Valuation .

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Valuation Clients Appraisal Mortgage Appraisal 195

Housing Wire

FEBRUARY 8, 2022

A recent federally commissioned report further detailed the appraisal industry’s dysfunctional regulatory regime. In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022.

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Appraisal Appraisal Process Valuation Renovations 370

Miller Samuel

APRIL 27, 2019

The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state. No, it isn't.

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Law Modernization Appraisal Real Estate 367

Housing Wire

MARCH 21, 2022

United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house appraisal program. Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program.

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Appraisal Appraisal Process Client Relationships Valuation 448

Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. When a sale is involved, the valuation may be lower than contracted price.

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Mortgage Appraisal Appraisal Reconsideration of Value Mortgage 78

Appraisal Buzz

JULY 15, 2024

That’s how I first got involved in valuation technology. He taught me more than just appraisal; he taught me about life, often through a multitude of enigmatic phrases like “better than a poke in the eye with a sharp stick” or “don’t borrow trouble.” We know we are part of the valuation future as envisioned by the GSEs.

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Appraisal Design Appraisal Process Valuation 363

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

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Housing Wire

MAY 23, 2022

Meanwhile, the Department of Housing and Urban Development (HUD)recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic. The Mortgage Bankers Association supports the legislation. The policy now expires on December 31, 2022. Sponsored Video.

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Law Appraisal Modernization Appraisal Process 418

Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate.

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Modernization Appraisal Valuation Appraisal Process 129

Housing Wire

NOVEMBER 19, 2021

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. The fee increases, which vary by state and county from as little as $25 in Minnesota to $400 in some areas of California, will take effect Dec.

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Housing Wire

AUGUST 2, 2022

The VA’s lengthy appraisal process — or, at least, the perception that it is more difficult — is one reason sellers prefer borrowers with other kinds of financing over veterans. The department is the latest federal mortgage player to back alternative appraisals. Freddie Mac has also ventured into hybrid appraisals.

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Appraisal Appraisal Process Renovations Finance 370

Housing Wire

MARCH 31, 2021

In one of its key decisions, the CFPB said it will roll back its leniency on reporting Home Mortgage Disclosure Act data. The seven rescissions will be effective Thursday, April 1, with the government agency noting that it intends to exercise the full scope of its supervisory and enforcement authority provided under the Dodd-Frank Act.

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Appraisal Insurance Lending Development 435

Birmingham Appraisal

AUGUST 23, 2023

Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations.

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Agents Appraisal Valuation Appraisal Process 91

AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

AmeriMac

AUGUST 17, 2023

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. We will start by discussing the basics of reverse mortgages and who can benefit from them. Who Can Benefit from a Reverse Mortgage?

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Mortgage Appraisal Appraisal Mortgage Renovations 36

Housing Wire

MAY 25, 2022

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan.

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Modernization Appraisal Process Appraisal Mortgage Appraisal 459

Appraisal Hub

JUNE 18, 2024

Appraisal Hub Inc., a leading real estate appraisal firm in the Greater Toronto Area, is dedicated to providing accurate, reliable, and certified appraisal services that meet the diverse needs of property owners, buyers, and professionals. What is a Real Estate Appraiser? At Appraisal Hub Inc., Appraisal Hub Inc.

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Real Estate Appraisal Valuation Clients 78

McKissock

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.

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Appraisal Technology Valuation Real Estate 83

Appraisal Hub

MARCH 19, 2023

A home appraisal in Toronto is necessary when applying for a mortgage, refinancing, or selling your house. This appraisal will give you critical information to help you make informed choices and understand the true value of the asset. Keep reading to find out more about its significance and understand the appraisal process.

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Appraisal Property Appraisal Sellers Mortgage Appraisal 78

Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.

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Real Estate Appraisal Valuation Legal 70

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. Appraisal companies in Toronto, such as Appraisal Hub Inc., Lenders need an up-to-date valuation to determine loan amounts.

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Appraisal Property Taxes Valuation Market Value 78

McKissock

DECEMBER 28, 2021

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Mortgage rates are expected to rise, but still remain attractive and reasonable. So, many markets may cool off.”.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.

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Appraisal Inspection Appraisal Process Real Estate Agent 98

Appraisal Today

JUNE 28, 2024

The technology has been drifting into mortgage lending reliance for more than a decade because it has been marketed as having the ease of “pushing a button.” The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. To read more, Click Here My comments: Worth reading.

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Valuation Appraisal Real Estate Real Estate Agent 64

CP Home Appraisals

DECEMBER 12, 2008

Once the HVCC, Home Valuation Code of Conduct, is enacted the majority of lender and mortgage appraisal requests will be diverted through Appraisal Management Companies (AMCs). Although this may curb the evils of “lender pressure” on us appraisers, it will also take up to 50% of our fee!!

Real Estate 78

Real Estate Valuation Appraisal Mortgage Appraisal 78

Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. By Dallas T.

Appraisal 77

Appraisal Inspection Modernization Business 77

CP Home Appraisals

DECEMBER 12, 2008

Once the HVCC, Home Valuation Code of Conduct, is enacted the majority of lender and mortgage appraisal requests will be diverted through Appraisal Management Companies (AMCs). Although this may curb the evils of “lender pressure” on us appraisers, it will also take up to 50% of our fee!!

Real Estate 60

Real Estate Appraisal Valuation Mortgage Appraisal 60

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraised value be sufficient for the loan?”.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraised value be sufficient for the loan?”.

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Appraisal Tips Appraisal Law Market Value 78

AmeriMac

MAY 30, 2021

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. Common Issues With Appraisal Quality Control. Instead, valuation is calculated using only online information. desktop appraisals.

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Appraisal Real Estate Valuation Legal 36

AmeriMac

MAY 30, 2021

Still, with appraisal being as much of an art as it is an objective science, it is also true that the same property could receive two very different valuations from different appraisers. Common Issues With Appraisal Quality Control. Instead, valuation is calculated using only online information. desktop appraisals.

Appraisal 36

Appraisal Real Estate Valuation Legal 36