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How will appraisal technology evolve in 2022?

Housing Wire

This will range from the technology used to conduct home appraisals and valuations, as well as the technology that lenders and appraisal vendors use to manage their operational workflows. WD: With fewer appraisers entering the workforce and the demand for appraisals continuing to grow, longer turn times are having a major impact on lenders.

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Rocket Companies’ public debut underwhelms but execs insist they are ‘in it for the long haul’

Housing Wire

According to Crain’s Detroit Business: The reduction came “as investors pushed back on the company’s valuation, believing it should be priced as a consumer or financial company rather than a technology business.”. They have warehouses and are transporting goods and linking it all together in the analog world digitally,” Walters said.

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Increasing Diversity in Appraisal Profession.

Appraisal Buzz

The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. Perhaps one neighborhood may have easy access to public transportation versus one that does not.

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The surprising future of mortgage technology

Housing Wire

Today, we have a range of collateral valuation options and underwriters are working from home all across the country. Collateral Valuation. Rules that many mortgage industry professionals thought would never evolve changed overnight when investors realized that holding to the status quo would mean losing everything.

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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Unless you’re in the property valuation profession, you may not have. Likewise, buyers who are looking for homes that are not electrified usually do not utilize more conventional forms of transportation such as automobiles. Have you heard of a property being overimproved, or super adequate? How about underimproved?

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Demystifying the Residential Appraisal: What Homeowners Need to Know

Appraisal Partners Blog

But what exactly is a residential appraisal, why is it necessary, and what factors influence the final valuation? Its conducted by a licensed or certified appraiser who adheres to strict ethical guidelines and valuation principles. This valuation is crucial for a multitude of reasons.

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

The goal of a real estate valuation is to pinpoint the price and value of a property. The product of the real estate valuation – the commercial appraisal report – establishes the property’s value at a specific point in time. In addition, there are four main methods for calculating a commercial real estate valuation.