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Appraisers being put in tough positions
Posted Date: Wednesday, April 15, 2020
For appraisers, safety today is very relevant with one industry veteran saying appraisers are being put in unfair positions faced with what really isn’t a choice at all.
Valuation Review talked with Tom Reed, an appraiser from the Seattle area who spoke with us about the business decision he made.
Read on to find out more.
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Agencies grant appraisal deferrals to lenders
Posted Date: Wednesday, April 15, 2020
The federal banking agencies issued an interim final rule April 14.
It is to temporarily defer real estate-related appraisals and evaluations under the agencies’ interagency appraisal regulations.
Read on to learn more.
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AI, others ask FHFA to rethink position
Posted Date: Wednesday, April 15, 2020
The Appraisal Institute and other associations urged the Federal Housing Finance Agency (FHFA) to re-evaluate its current policies on interior and exterior inspection appraisals for refinance transactions not currently held by the government-sponsored enterprises. Read on for specifics and what was outlined in the letter to the FHFA.
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HouseCanary acquires real estate technology company
Posted Date: Monday, April 13, 2020
Home valuation fintech company HouseCanary has made an acquisition.
The firm acquired Dropmodel, a technology startup with analytic and financial modeling solutions for the single-family real estate asset class.
Read on to learn more about this key industry acquisition.
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Appraiser talks pre, post COVID-19 travel
Posted Date: Monday, April 13, 2020
How has this national medical emergency affected travel, and what will business traveling look like moving forward?
Valuation Review shares the thoughts of American Society of Appraisers President and Valcon Partners, LTD Managing Director Douglas R. Krieser, whose article sheds some light on what appraisers can expect when traveling for future assignments.
Read on for more.
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Standards in appraising, including data, are everywhere
Posted Date: Monday, April 20, 2020
Standards, as well as regulations, are everywhere within the appraisal profession. There are many types of standards to be examined and LoanLogics’ Liz Green takes a look at standards for data.
Valuation Review spoke with Green about this.
Read on to find out what she told us.
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Despite disruption, market may be better, Fannie says
Posted Date: Monday, April 20, 2020
The impact of COVID-19 has left businesses, markets and the economy in a state of uncertainty.
But according to the latest commentary from the Fannie Mae Economic and Strategic Research Group (ESR), the origination market will grow $230 billion in 2020 with refinancing on the rise.
Read on to learn more and hear from Fannie Mae Senior Vice President and Chief Economist Doug Duncan.
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Zillow: Virus to impact spring listings
Posted Date: Monday, April 20, 2020
Early spring is peak home-shopping season in most years.
But a new Zillow analysis shows that new listings dropped significantly this March and early April as the coronavirus pandemic took hold.
Read on to learn more.
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Veros predicts sharp decline in rates
Posted Date: Wednesday, April 15, 2020
Veros Real Estate Solutions’ Q1 2020 VeroFORECAST data indicates an average projected appreciation rate for residential real estate in the nation's largest 100 housing markets will only increase on average 1.9 percent through the first quarter of 2021. Read on to learn more numbers from Veros.
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Accurate Group launches virtual inspection technology
Posted Date: Wednesday, April 15, 2020
Accurate Group launched its remote data collection technology to enable interior property inspections to be conducted virtually when more than an exterior inspection is required. Read on to learn more.
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Bradford Technologies launches ‘appraiser safe’ app
Posted Date: Monday, April 20, 2020
Bradford Technologies has launched OnSight, a web-based application that enables appraisers to adhere to social distancing protocols while collecting property data remotely with the homeowner's assistance, the company announced in a press release. Read on to learn more.
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Zillow: Online shopping signals buyer returns
Posted Date: Wednesday, April 29, 2020
After a mid-March dip, a new Zillow analysis has come out.
It shows renewed interest in the housing market as Americans adapt to this temporary normal, including in some U.S. markets that were most affected in the early days of the pandemic.
Read on to learn more.
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CUNA advises FHFA on policy changes
Posted Date: Wednesday, April 29, 2020
The Federal Housing Finance Administration could make several policy changes to help credit unions assist members better, according to a letter written by the Credit Union National Association. Read on to learn more.
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ASB updates appraiser guidance
Posted Date: Wednesday, April 29, 2020
The Appraisal Standards Board (ASB) issued new guidance on inspections during a national health emergency. Valuation Review, through The Appraisal Foundation (TAF) continues, its efforts to keep appraisers fully informed of the latest developments stemming from the COVID-19 pandemic. Read on for the latest from the ASB and TAF.
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Chief financial, operating officer looks beyond the pandemic
Posted Date: Monday, April 27, 2020
How stable the country’s economy will be in the aftermath of the COVID-19 pandemic is truly anybody’s guess.
Churchill Mortgage Chief Financial Officer and Chief Operating Officer Matt Clarke gave us his thoughts as to what the economic picture might look like in the days to come.
Read on to learn more.
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Automotive lenders can improve compliance
Posted Date: Monday, April 27, 2020
Automotive lenders can improve their compliance framework to adhere with federal regulations.
Valuation Review spoke with a company representative as to how this will guide lenders and what it could mean commercially for appraisers.
Read on to find out more.
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Northeast counties most vulnerable to coronavirus impact
Posted Date: Monday, April 27, 2020
The Northeast has the largest concentration of the counties most vulnerable to adverse housing impacts of the coronavirus, according to a report from ATTOM Data Solutions. Read on to learn more.
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BBG: Rapid data center growth sets new record
Posted Date: Wednesday, April 22, 2020
Record numbers were established for a top appraisal company.
Demand for the nation’s data-center facilities led to this commercial property sector setting a new record in 2019, according to BBG.
Read on for more details.
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Commercial firm expands multifamily business
Posted Date: Wednesday, April 22, 2020
Walker & Dunlop, Inc. expanded its multifamily appraisal business.
The business, Apprise, announces the addition of a managing director.
Read on to find out more and who the new executive is.
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LoanLogics introduces tool for originators
Posted Date: Wednesday, April 22, 2020
LoanLogics launched its IDEA OnDemand, a cloud-native digital assistant that helps originators automate the processing of loan documents on an as-needed basis and reduce staff costs, the company announced in a release.
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SharperLending, Property Interlink partner
Posted Date: Wednesday, April 22, 2020
Mortgage and financial technology provider SharperLending has partnered with national real estate appraisal management company Property Interlink to provide social distancing safety and origination pipeline efficiency solutions. Read on to learn more.
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Appraisal Logistics unveils social distancing tool
Posted Date: Monday, April 20, 2020
Appraisal Logistics launched Property Vision, an appraisal inspection tool to empower appraisers with consumer-provided photographic data, which gives borrowers the assurance that their lender cares about their health and safety and gives lenders fully compliant real estate valuations, all while keeping appraisers out of harm’s way. Read on to learn more.
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How, not just if or when, we travel will be an adjustment
Posted Date: Wednesday, April 15, 2020
Airlines will be just one of many businesses potentially to suffer as a result of the Covid-19 pandemic.
American Society of Appraisers President Douglas R. Krieser, who is also managing director of Valcon Partners, LTD, speaks to the actual layout inside of an aircraft that could await passengers in the months to come.
Read on for more.
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Fannie updates lender letter
Posted Date: Wednesday, April 15, 2020
Fannie Mae announced its latest updates with additional temporary guidance, including use of virtual inspections for appraisals and renovation loans, and flexibilities for condominium project reviews. Read on for more information.
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