Housing Wire

AUGUST 28, 2023

In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year. Fee pressure was followed by appraisal management company (AMC) requests for revisions (28%) and technology fees (26%), a category that was not included in 2022 survey responses.

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Housing Wire

AUGUST 31, 2023

While all data collectors are held to similar minimum requirements, some may be equipped with enhanced technology to capture data. For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property.

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Housing Wire

MARCH 5, 2021

These factors combined to throw the appraisal industry in flux. It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially? Plus, a lot of appraisers are nearing retirement age and don’t want to take on someone else at the moment.”

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AmeriMac

OCTOBER 30, 2023

The appraisal industry has undergone a significant transformation in recent years, with the emergence of alternate valuation products like the property inspection waiver program. In this blog post, we will look in-depth at alternate valuation products, how they work, and their potential to replace traditional appraisal methods.

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Appraisal Buzz

APRIL 19, 2022

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. Appraisers prefer Asteroom’s data because it includes a 3D tour that allows the appraiser to view the property remotely in its entirety for accurate and reliable appraisal results.

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Appraisal Buzz

JANUARY 24, 2022

Mark Walser : I am a technology and operations executive with 13 years of progressive management in all aspects of AMC operations and technology with various AMCs, and am the President of Incenter AMC. Technology is like water; it seeks its own level. We are excited to show appraisers the various options. .

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. The appraiser will be led through a process, defined by the scope of work. If typewriters are no more, it is time for forms to be retired as well.

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Clear Capital

MARCH 4, 2022

Appraisers take photos, measure for square footage, evaluate the property’s condition, and use various public data sources to develop an opinion of value. . With a desktop valuation, appraisers use extensive data gathered by third parties and public records in place of a physical inspection to complete the appraisal.

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The Robert Weiler Company

APRIL 12, 2023

The County Auditors are responsible for ensuring that every parcel of land (and any buildings within) are fairly and consistently appraised and assessed for tax purposes. In addition to auditors completing their physical reviews, in recent years, the State also gets a boost from technology.

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Housing Wire

JANUARY 10, 2023

Property Appraisal. I would be remiss not to choose appraisal as the first area that desperately needs action. Automated valuation and underwriting models can and should create efficiency without increasing bias. Let’s explore three areas that exemplify the need for action-oriented behavior.

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Cleveland Appraisal Blog

JULY 6, 2022

The 2021-2022 edition of USPAP defines a “Personal Inspection” of a property being appraised as follows: “A physical observation performed to assist in identifying relevant property characteristics in a valuation service.” Using this technology is a form of data collection.

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Clear Capital

MAY 24, 2022

Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. What is an AVM in Real Estate ? .

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The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

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McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department.

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McKissock

DECEMBER 28, 2021

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. Tampa, Fla.),

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

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Housing Wire

JANUARY 14, 2022

Finally, we also see a possibility for the introduction of an even broader set of alternative appraisal products that incorporate new technology and processes to further address issues with turn times, racial bias and supply constraints. The topic of racial bias in real estate, and in appraisal, has been a hot one. Racial bias.

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Real Quantum

NOVEMBER 24, 2020

The appraisers that work for you are the future of the business and the profession. It’s important that they are always challenged to learn a new skill, scope of work, property type, or technology. When you motivate your commercial appraisal team and they excel at tasks assigned to them, they add value to the company.

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Clear Capital

MARCH 30, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process.

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McKissock

DECEMBER 4, 2020

Appraisals attempting to mimic a 3–6 month market trend are often inadequate.” ” “The Central Texas market is experiencing a shortage in housing supply and I’ve seen a smaller portion of my valuations reaching the sales price. This is common and I’ve received more review appraisal requests.”

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Real Quantum

AUGUST 3, 2022

Realquantum, the revolutionary web-native commercial real estate appraisal platform company, announced today that the national appraisal and consulting firm, WestRock Appraisal Services, Inc., WestRock) has engaged Realquantum to help them streamline their commercial property valuation practice. ABOUT REALQUANTUM.

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McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department.

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Real Quantum

JANUARY 10, 2021

Realquantum – Rockport VAL Integration Drives New Efficiencies for Commercial Real Estate Valuation Professionals. Realquantum, the commercial real estate valuation technology company announces a new integration with Rockport VAL’s cash flow modeling & valuation SaaS platform. It is that simple.

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AmeriMac

MAY 30, 2024

Traditionally, appraisals required physical inspections of the property, where appraisers would visit the site to assess its condition and gather relevant data. Desktop appraisals are a type of appraisal that relies heavily on property data collection and analysis, rather than physical inspections.

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D Fritz Appraisals

SEPTEMBER 19, 2019

Sometimes these online services are referred to more formally as Automated Valuation Models (AVMs), or more casually, home value calculators. While there are free online tools available to homeowners, the Realtors Property Resource is only available to real estate agents. The Takeaway.

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Appraisal Today

AUGUST 23, 2024

Billionaire Getty Heir Puts Extraordinary Greek Temple (Temple of Wings) on the Market for $5 Million Redfin Reports Investor Home Purchases Post Biggest Increase in Two Years The Biggest Home in Each State Objectionable Valuations Become Hate Speech, Inflating Home Prices Mortgage applications decreased 10.1 Investor purchases of U.S.

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Boston Appraisal

JUNE 24, 2019

Green buildings are defined as properties that use renewable energy and efficient building materials in their operation, construction, and design to create positive impacts on human and environmental health. Finally, as technology progresses, these elements will become not only more efficient but also more affordable.

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Housing Wire

MAY 27, 2022

There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. First, we must acknowledge the impact that appraisal bias continues to have on minority homeowners and the broader housing system.

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McKissock

JANUARY 18, 2022

Get insights and trends to help you grow your appraisal career. Download your free copy of the latest Appraisal Income Guide. In a 2020 Voice of the Appraiser study by Valuation Review , 46% of appraisers listed low fees as the greatest concern for their profession. Income property appraisal.

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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.

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Appraisal Today

AUGUST 2, 2024

10 Must-See Mansions That Define the High-End Trend Accurate Appraisal Underreporting How Confidential is Your Appraisal? Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models Mortgage applications decreased 3.9

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Housing Wire

NOVEMBER 30, 2021

After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. Data and compliance standards need to improve to more effectively identify valuation bias. We need more science and less art.

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Appraisal Today

APRIL 14, 2023

5 Resources to Help You Avoid Appraisal Errors and Violations As busy real estate appraiser, both your time and your professional reputation are extremely valuable. While most common appraisal errors are minor and won’t result in disciplinary action, even small mistakes take time to correct and therefore slow down your process.

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Magnusson Group

JULY 22, 2021

We will hear the story of Master Printer Steve Campbell ’s change in printmaking practices, technology, marketing and pricing of artwork over the last forty years. The post Viva Las Vegas Part 2: Proving Provenance on Paper appeared first on Magnusson Group | Estate Sale | Personal Property Appraisal | NJ.

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Housing Wire

JANUARY 20, 2022

“The appraisal profession lacks diversity and does not reflect the population of the United States,” reads the report. Remedying this gap is not only likely to reduce the number of biased valuations, but also reduce the acute shortage of appraisers, which is impacting transactions across the country.”.

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Appraisal Today

JULY 12, 2024

Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of real estate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

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