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Appraisers voice opinions on AMCs, appraisal delays

Appraisers voice opinions on AMCs, appraisal delays

Appraisers cite AMCs and incomplete MLS information as major sources of delays, while agents cite...appraisers as source of delays.

The post Appraisers voice opinions on AMCs, appraisal delays appeared first on HousingWire.

Appraisers voice opinions on AMCs, appraisal delays
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Appraisers voice opinions on AMCs, appraisal delays
Appraisers voice opinions on AMCs, appraisal delays
Appraisers voice opinions on AMCs, appraisal delays
Appraisers voice opinions on AMCs, appraisal delays
housingwire housingwire | 1 year ago
Appraisers cite AMCs and incomplete MLS information as major sources of delays, while agents cite...appraisers as source of delays. The post Appraisers voice opinions on AMCs, appraisal delays appeared first on HousingWire.
Appraisers cite AMCs and incomplete MLS information as major sources of delays, while agents cite...appraisers as source of delays. The post Appraisers voice opinions on AMCs, appraisal delays appeared first on HousingWire.
Corelogic Take on Appraisal Overvaluation - Appraisers Blogs
Corelogic Take on Appraisal Overvaluation - Appraisers Blogs
Corelogic Take on Appraisal Overvaluation - Appraisers Blogs
Corelogic Take on Appraisal Overvaluation - Appraisers Blogs
appraisersblogs appraisersblogs | 1 year ago
The results of this 2021 white paper: Appraisal overvaluation: Evidence of price adjustment bias in sales Comparisons co-authored by Frank Nothaft are pretty interesting. At first glance, I get the CoreLogic evil empire stuff, but step back and take it all in. Here’s the abstract.
The results of this 2021 white paper: Appraisal overvaluation: Evidence of price adjustment bias in sales Comparisons co-authored by Frank Nothaft are pretty interesting. At first glance, I get the CoreLogic evil empire stuff, but step back and take it all in. Here’s the abstract.
FHA Extends Appraisal Validity Period - Appraisers Blogs
FHA Extends Appraisal Validity Period - Appraisers Blogs
FHA Extends Appraisal Validity Period - Appraisers Blogs
FHA Extends Appraisal Validity Period - Appraisers Blogs
appraisersblogs appraisersblogs | 1 year ago
On July 12, 2022, the FHA announced that it is extending the initial appraisal validity period from 120 days to 180 days and the appraisal update validity period from 240 days to one year. This applies to case numbers assigned on or after June 1, 2022. This just seems like a bad idea at a time where many markets are seeing price declines. FHA INFO 2022-71 — July 12, 2022 In this Announcement: FHA Implements Revised Appraisal Validity Period Guidance Appraisal Logging Changes in FHA Connect...
On July 12, 2022, the FHA announced that it is extending the initial appraisal validity period from 120 days to 180 days and the appraisal update validity period from 240 days to one year. This applies to case numbers assigned on or after June 1, 2022. This just seems like a bad idea at a time where many markets are seeing price declines. FHA INFO 2022-71 — July 12, 2022 In this Announcement: FHA Implements Revised Appraisal Validity Period Guidance Appraisal Logging Changes in FHA Connect...
Nicole Ocean on Broker Price Opinions & BPO Automation
Nicole Ocean on Broker Price Opinions & BPO Automation
Nicole Ocean on Broker Price Opinions & BPO Automation
Nicole Ocean on Broker Price Opinions & BPO Automation
timandjulieharris timandjulieharris | 9 years ago
Nicole Ocean, the founder of the BPO Automation Group, joins us to discuss the state of BPO's in 2014 - the best companies to apply for, which providers are doing the highest order volume in today's market, and how her software can help agents to streamline their BPO completion processes to save time and make money doing Broker Price Opinions.  Take Action : Schedule a Free 1-on-1 Coaching Call or Visit Tim & Julie Harris® Real Estate Coaching Learn more about your ad choices. Visit megaphone...
Nicole Ocean, the founder of the BPO Automation Group, joins us to discuss the state of BPO's in 2014 - the best companies to apply for, which providers are doing the highest order volume in today's market, and how her software can help agents to streamline their BPO completion processes to save time and make money doing Broker Price Opinions.  Take Action : Schedule a Free 1-on-1 Coaching Call or Visit Tim & Julie Harris® Real Estate Coaching Learn more about your ad choices. Visit megaphone...
Appraisers Can Do These Property Data Reports for Appraisal Waivers
Appraisers Can Do These Property Data Reports for Appraisal Waivers
Appraisers Can Do These Property Data Reports for Appraisal Waivers
Appraisers Can Do These Property Data Reports for Appraisal Waivers
appraisersblogs appraisersblogs | 1 year ago
Appraisers, on Tuesday 5/24/22, an AMC sent a message to their appraiser panel appraisers asking them if they’d like to ‘help their lender clients’ by doing Property Data Reports (PDR). Let’s decipher what this is all about. Freddie Mac has decided, that as of Sunday, July 17, 2022, they must have a PDR (Property Data Report) completed “by someone” in order for the loan applicant to qualify for an appraisal waiver in conjunction with a mortgage loan. In other words, actual qualified...
Appraisers, on Tuesday 5/24/22, an AMC sent a message to their appraiser panel appraisers asking them if they’d like to ‘help their lender clients’ by doing Property Data Reports (PDR). Let’s decipher what this is all about. Freddie Mac has decided, that as of Sunday, July 17, 2022, they must have a PDR (Property Data Report) completed “by someone” in order for the loan applicant to qualify for an appraisal waiver in conjunction with a mortgage loan. In other words, actual qualified...
"Flavors" of Appraisal Reports - Appraisers Blogs
"Flavors" of Appraisal Reports - Appraisers Blogs
"Flavors" of Appraisal Reports - Appraisers Blogs
"Flavors" of Appraisal Reports - Appraisers Blogs
appraisersblogs appraisersblogs | 2 years ago
SEE the differences between the THREE versions of the 1004 reports, what I euphemistically call “flavors.” Appraisers, recent watercooler discussions by appraisers focus on the new ‘desktop’ appraisals many will be requested to do. Now that the GSE’s have “formally” approved non-appraiser-inspected reports for first mortgage lending (or will very soon – not sure of the exact effective date), you may want to actually SEE the differences between the THREE versions of the 1004 repor...
SEE the differences between the THREE versions of the 1004 reports, what I euphemistically call “flavors.” Appraisers, recent watercooler discussions by appraisers focus on the new ‘desktop’ appraisals many will be requested to do. Now that the GSE’s have “formally” approved non-appraiser-inspected reports for first mortgage lending (or will very soon – not sure of the exact effective date), you may want to actually SEE the differences between the THREE versions of the 1004 repor...
The Appraisal Problem and Undue Diligence - Appraisers Blogs
The Appraisal Problem and Undue Diligence - Appraisers Blogs
The Appraisal Problem and Undue Diligence - Appraisers Blogs
The Appraisal Problem and Undue Diligence - Appraisers Blogs
appraisersblogs appraisersblogs | 1 year ago
Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem. Savvy appraisers push back in a positive fashion to try and enable the lender to receive a report that not only meets USPAP, FIRREA, Fannie Mae, or HUD/FHA/VA an UAD reporting guidelines, but also provides the client with a report that is clear, concise, accurate and not mis...
Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem. Savvy appraisers push back in a positive fashion to try and enable the lender to receive a report that not only meets USPAP, FIRREA, Fannie Mae, or HUD/FHA/VA an UAD reporting guidelines, but also provides the client with a report that is clear, concise, accurate and not mis...
Lender Liability for a Negligent Appraisal? - Appraisers Blogs
Lender Liability for a Negligent Appraisal? - Appraisers Blogs
Lender Liability for a Negligent Appraisal? - Appraisers Blogs
Lender Liability for a Negligent Appraisal? - Appraisers Blogs
appraisersblogs appraisersblogs | 1 year ago
As residential property prices plateau or decline in various markets and as borrowers have financial problems with fewer financing options, there are more legal claims being filed by borrowers against appraisers and lenders in relation to appraisals for loans made in recent years. Essentially, the cases are situations of “buyer-borrower remorse.” Leaving aside the appraiser’s potential liability, does a mortgage lender have liability to the borrower for a negligent appraisal? An Ohio appe...
As residential property prices plateau or decline in various markets and as borrowers have financial problems with fewer financing options, there are more legal claims being filed by borrowers against appraisers and lenders in relation to appraisals for loans made in recent years. Essentially, the cases are situations of “buyer-borrower remorse.” Leaving aside the appraiser’s potential liability, does a mortgage lender have liability to the borrower for a negligent appraisal? An Ohio appe...
Oakland council delays decision on Golden West approval — again
Oakland council delays decision on Golden West approval — again
Oakland council delays decision on Golden West approval — again
Oakland council delays decision on Golden West approval — again
bizjournals bizjournals | 1 year ago
Some councilmembers seem to be asking for something the law doesn't allow.
Some councilmembers seem to be asking for something the law doesn't allow.
Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines
Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines
Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines
Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines
housingwire housingwire | 1 year ago
To support lenders and appraisers in meeting these new desktop appraisal guidelines, Clear Capital has developed two new desktop appraisal solutions, Desktop Appraisal and Desktop Data Collection, which launched April 5. The post Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines appeared first on HousingWire.
To support lenders and appraisers in meeting these new desktop appraisal guidelines, Clear Capital has developed two new desktop appraisal solutions, Desktop Appraisal and Desktop Data Collection, which launched April 5. The post Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines appeared first on HousingWire.