VA now accepting desktop and exterior-only appraisals
VA now accepting desktop and exterior-only appraisals
The Department of Veterans’ Affairs announced last week via a circular that it would allow desktop and exterior-only appraisals for some transactions.
The post VA now accepting desktop and exterior-only appraisals appeared first on HousingWire.
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The Department of Veterans’ Affairs announced last week via a circular that it would allow desktop and exterior-only appraisals for some transactions.
The post VA now accepting desktop and exterior-only appraisals appeared first on HousingWire.
The Department of Veterans’ Affairs announced last week via a circular that it would allow desktop and exterior-only appraisals for some transactions.
The post VA now accepting desktop and exterior-only appraisals appeared first on HousingWire.
VA Approves Desktops and Exterior-Only Appraisals Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. “The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.” “Appraisal Assignment Waterfall...
VA Approves Desktops and Exterior-Only Appraisals Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. “The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.” “Appraisal Assignment Waterfall...
V.A. as a Model for Appraisals by Isaac Peck Excerpts: Step Above the Rest It’s not a secret that being on the V.A. appraiser roster is a coveted position for most residential appraisers. So, what exactly makes the V.A. so special? Rocha (V.A. appraiser) says the V.A. is a step above the rest primarily because of the following criteria. V.A. wants a good quality panel V.A. pays higher appraisal fees V.A. delivers fast turn times to veterans V.A. doesn’t use Appraisal Management Companies (A...
V.A. as a Model for Appraisals by Isaac Peck Excerpts: Step Above the Rest It’s not a secret that being on the V.A. appraiser roster is a coveted position for most residential appraisers. So, what exactly makes the V.A. so special? Rocha (V.A. appraiser) says the V.A. is a step above the rest primarily because of the following criteria. V.A. wants a good quality panel V.A. pays higher appraisal fees V.A. delivers fast turn times to veterans V.A. doesn’t use Appraisal Management Companies (A...
The GSEs' equitable housing finance plans expand the use of non-traditional appraisals, including AVMs, desktop and hybrid appraisals.
The post GSEs further expand AVMs, desktop and hybrid appraisals appeared first on HousingWire.
The GSEs' equitable housing finance plans expand the use of non-traditional appraisals, including AVMs, desktop and hybrid appraisals.
The post GSEs further expand AVMs, desktop and hybrid appraisals appeared first on HousingWire.
Desktop appraisals became a permanent option in March, but not everyone has embraced them. We dive in to find out the issues.
The post What permanent desktop appraisals mean for the industry appeared first on HousingWire.
Desktop appraisals became a permanent option in March, but not everyone has embraced them. We dive in to find out the issues.
The post What permanent desktop appraisals mean for the industry appeared first on HousingWire.
Appraisals and Water Frontage Steven W. Vehmeier Excerpts: What about an off-site water view? In a large townhouse-style condominium complex, there were only eight units that had water views. The view was of a section of the Intracoastal Waterway. It was from the second floor only, and over a six-foot high concrete block wall and across an open field. The builder charged more for those units because of the partial view. My research discovered that the open field had just been purchased by a gro...
Appraisals and Water Frontage Steven W. Vehmeier Excerpts: What about an off-site water view? In a large townhouse-style condominium complex, there were only eight units that had water views. The view was of a section of the Intracoastal Waterway. It was from the second floor only, and over a six-foot high concrete block wall and across an open field. The builder charged more for those units because of the partial view. My research discovered that the open field had just been purchased by a gro...
Desktop Appraisal to Become the New Norm by Isaac Peck, Editor Excerpts: Sketch vs. Floor Plan One notable requirement that is expected of the Desktop assignments is that they will require a floor plan instead of just a sketch. A floor plan takes the sketch a step
The post Fannie Wants Desktop Appraisals appeared first on Appraisal Today.
Desktop Appraisal to Become the New Norm by Isaac Peck, Editor Excerpts: Sketch vs. Floor Plan One notable requirement that is expected of the Desktop assignments is that they will require a floor plan instead of just a sketch. A floor plan takes the sketch a step
The post Fannie Wants Desktop Appraisals appeared first on Appraisal Today.
Bill that passed the House will permit the VA to accept desktop appraisals and, in some circumstances, waive appraisals altogether.
The post House passes bill to modernize VA appraisals appeared first on HousingWire.
Bill that passed the House will permit the VA to accept desktop appraisals and, in some circumstances, waive appraisals altogether.
The post House passes bill to modernize VA appraisals appeared first on HousingWire.
Residential Appraisals and Airbnb Income? By Julie Friess, SRA, AI-RRS, MA Don’t get caught like a deer in the headlights! State appraisal boards ARE disciplining appraisers across the country for improperly using the business income (Short term Rental – STR) from Airbnbs on the residential 1007 Fannie Mae form. Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!!  Some of the topics: • USPA...
Residential Appraisals and Airbnb Income? By Julie Friess, SRA, AI-RRS, MA Don’t get caught like a deer in the headlights! State appraisal boards ARE disciplining appraisers across the country for improperly using the business income (Short term Rental – STR) from Airbnbs on the residential 1007 Fannie Mae form. Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!!  Some of the topics: • USPA...
Desktop appraisals became a permanent option for certain loans earlier this year. HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization.
The post How is the industry adapting to desktop appraisals? appeared first on HousingWire.
Desktop appraisals became a permanent option for certain loans earlier this year. HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization.
The post How is the industry adapting to desktop appraisals? appeared first on HousingWire.