Housing Wire

AUGUST 6, 2024

The guidance also requires lenders to include “a borrower-initiated ROV process meeting certain minimum requirements, including delivery of disclosures to borrowers at loan application and upon delivery of the appraisal with instructions on how to request an ROV.”

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Housing Wire

JANUARY 14, 2021

Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of power of attorney to assist with loan closings.

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Lending Appraisal Inspection Property Appraisal 540

McKissock

NOVEMBER 19, 2021

Top reasons why people choose an appraisal career include income potential, opportunity for flexible hours, and diverse career paths. Keep reading for insights on the appraisal profession, how to become a property appraiser, and, finally, how to maintain your license and grow your career. Call 800.328.2008.

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Appraisal Hub

OCTOBER 16, 2024

Understanding the true value of your property can make all the difference when it’s time to sell, buy, or invest. A property appraisal gives you the insights needed to make informed and profitable decisions. This guide will explore the key aspects of property appraisals and help you navigate the process effectively.

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Housing Wire

JULY 2, 2024

When asked about appraisal satisfaction, 70% of respondents reported being very satisfied with their property appraisal, 23% reported being somewhat satisfied, and 6% were not at all satisfied,” the agencies stated.

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Housing Wire

SEPTEMBER 21, 2021

The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis capabilities. Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said.

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Appraisal Hub

OCTOBER 12, 2021

A property appraisal is also known as real estate appraisal and it can help you learn your property’s real market value in Toronto. The company will assign an appropriate property appraiser to take care of the commercial or residential appraisals depending on your requirements. For commercial loans.

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Housing Wire

MARCH 11, 2021

According to the FHFA, the extended flexibilities include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of power of attorney to assist with loan closings.

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Housing Wire

SEPTEMBER 17, 2022

It would also permit lenders to electronically submit, track and manage single-family property appraisals. The FHA at the time said the module would allow the agency to expand its data collection and analysis capabilities. But in February, the agency pushed back the mandatory date to March 14, 2023. No new date has been announced.

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Housing Wire

OCTOBER 23, 2020

Previously, the FHA integrated its Electronic Appraisal Delivery module to the Catalyst platform for lenders to submit, track and manage single-family property appraisals.

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Modernization Contracts Insurance Technology 468

Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

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Property Appraisal Investing Appraisal Renovations 78

Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

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Property Appraisal Investing Appraisal Renovations 78

Housing Wire

AUGUST 25, 2022

Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in a release this week.

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Housing Wire

JULY 5, 2022

Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process. Using automated valuation models “leads to relatively lower racial gaps,” according to Freddie Mac. .

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Appraisal Hub

AUGUST 2, 2021

Its location, land size, and the current status of the real estate market in Toronto obviously have a huge impact on the value of your property. But did you know that there are many other elements that can help you get a higher appraisal?

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Appraisal Buzz

JULY 1, 2024

Today’s release features data on three new survey questions first asked of mortgage borrowers in 2021 When asked about appraisal satisfaction, 70% of respondents reported being very satisfied with their property appraisal, 23% reported being somewhat satisfied, and 6% were not at all satisfied.

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Appraiserblogs

MARCH 27, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future.

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Housing Wire

AUGUST 11, 2020

So a buyer buying that property is going to go ‘you know what, I will buy it, but because I know I’ve got to replace a couple of major systems I’m going to buy it with some type of equity involved with it so I can feel like I’m getting a good deal out of it,” Fincham said.

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Housing Wire

JULY 11, 2024

That’s because aspiring appraisers allegedly rely heavily on identifying a friend or family member who is already a licensed appraiser to be their mentor. And, per the Bureau of Labor Statistics 2023 data, the property appraisers and assessors’ occupation was 94.7% White and 0.6%

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Appraisal Valuation Development Property Appraisal 432

Appraisal Today

SEPTEMBER 27, 2024

Understanding the depth, quality of the water, and type of shoreline is crucial, as these elements directly influence the property’s usability, aesthetics, and long-term stability. The importance of these factors cannot be overstated, and they deserve careful consideration in every waterfront property appraisal.

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Appraisal Buzz

OCTOBER 28, 2024

The data previously included only appraisals of properties where the loan would be acquired by Fannie Mae or Freddie Mac (GSEs).

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Housing Wire

APRIL 21, 2021

Within the RFI, the FHFA sought insight on the appraisal policies, practices and processes of Fannie and Freddie, especially as it relates to the GSEs’ appraisal modernization efforts.

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Housing Wire

APRIL 6, 2023

The White House recently marked the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. housing market in the future.

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Housing Wire

DECEMBER 28, 2020

“The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.”. At the onset of the pandemic in March, the FHFA began easing standards on property appraisals that allowed drive-by and desktop valuations in certain circumstances.

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Housing Wire

JUNE 4, 2021

In April, Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he was seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

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Appraisal Buzz

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” The 58-page report is available here , while an Executive Summary of the report is also available.

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Housing Wire

AUGUST 28, 2023

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes.

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Housing Wire

MARCH 3, 2021

This led to an uptick in hybrid appraisals , and with it, some concern from the appraisal industry on the future of their jobs. Considered the quality control standards for property appraisers, USPAP was adopted in 1987 by a joint group of U.S. Soon after, the Appraisal Foundation took control of USPAP.

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Appraisal Law Valuation Inspection 448

Cleveland Appraisal Blog

NOVEMBER 11, 2021

” I wonder what would have happened if they had hired appraisers to appraise the homes they were buying, and relied upon a professional real property appraisers’ opinion of value when making their decisions? I regularly work for investors who hire me to appraise a home they are interested in buying.

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Housing Wire

MAY 16, 2024

Using detailed mathematical models to determine the impact of PLF reductions, the report found that “the first and second PLF reductions [in 2009 and 2010, respectively] were associated with reduced demand for HECM loans, lower likelihood of an unscheduled draw, and lower net losses to the program,” according to the study.

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Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process.

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Lending Tools Investors Inspection 447

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Housing Wire

MARCH 5, 2021

Hybrid appraisals, desktop appraisers, and new online platforms are slowly being introduced, which could appeal to the newer labor force, Reese said. This was the first step the FHFA took in combatting the pandemic as it pertained to appraisers.

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Appraisal Buzz

JANUARY 24, 2022

McKissock Learning is a top national provider of education for licensed real estate property appraisers, agents, brokers, home inspectors, land surveyors, and professional engineers. For more information, please visit incenteram.com. About McKissock Learning.

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Housing Wire

NOVEMBER 17, 2022

” In March, the Department of Housing and Urban Development ‘s Property Appraisal and Valuation Equity (PAVE) task force released an action plan for eliminating bias. That’s kind of what unconscious bias is. And we have to understand the actual events that have occurred.”

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Appraisal Buzz

SEPTEMBER 20, 2021

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. Realtors and Property Appraisers? This was originally published on hoskingappraisalgroup.com here. And what does this mean for the economy? Buyers and sellers?

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