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Congresswoman urges federal investigation of appraisals
Posted Date: Monday, February 28, 2022
Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, sent a letter to HUD Secretary Marcia Fudge, the Appraisal Subcommittee, The Appraisal Foundation, and the Appraisal Institute regarding ongoing appraisal bias and discrimination. Waters is urging a federal investigation of appraiser misconduct and potential illegal discrimination.
Valuation Review obtained a response to Waters’ letter from Appraisal Institute President Pledger (Jody) Bishop, as well as a joint statement from several appraisal organizations.
Read on to find out more.
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An in-depth look into appraisal regression analysis
Posted Date: Wednesday, March 9, 2022
Savvi Analytics Product Developer Santiago Silva spoke with Valuation Review about appraisal regression.
Silva outlined the specifics appraisers must keep in mind when determining how a set of property characteristics truly affects pricing.
Read on for more of our conversation.
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Industry veteran speaks to what appraisers need to know about neighborhood boundaries
Posted Date: Monday, March 7, 2022
Certified Residential Appraiser/Housing Market Analyst Ryan Lundquist shared with Valuation Review his thoughts from his article “Gentrification, Neighborhood Boundaries and Bias.”
Lundquist also answered some of our questions relating to why boundaries matter and how changing neighborhoods matter when it comes to determining value.
Read on to learn more.
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Reflecting on pros and cons of appraisers using templates
Posted Date: Wednesday, March 2, 2022
For the March installment reflecting appraisal advice from Dustin Harris (“The Appraiser Coach”), the veteran appraiser from Idaho looks at cloning or templates.
Harris also dives into which method is best for the appraiser.
Read on for more appraisal advice.
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Voxtur CEO expands upon company’s position on desktop appraisals
Posted Date: Monday, March 7, 2022
Voxtur Analytics Corp., a North American technology company, recently applauded the decision by Fannie Mae and Freddie Mac to permanently allow desktop home appraisals beginning this month.
Valuation Review introduced its readers to the company’s position, and then caught up with CEO Jim Albertelli for more insight on this timely subject matter.
Read on to find out what Albertelli shared with us.
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CFPB weighing options to prevent algorithmic home valuation bias
Posted Date: Monday, March 7, 2022
The Consumer Financial Protection Bureau recently outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses.
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Commercial firm expands litigation services
Posted Date: Wednesday, March 9, 2022
BBG announced it has expanded its litigation support, expert witness testimony and real estate appraisal services with the acquisition of J. Philip Cook & Associates, a Salt Lake City-based commercial real estate services firm.
Terms of the transaction were not disclosed.
Read on to find out more.
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Freddie Mac names new general counsel
Posted Date: Monday, March 7, 2022
Freddie Mac recently appointed Heidi Mason as executive vice president and general counsel. Mason brings 25 years of experience in mortgage lending, financial services, consumer protection and securities law to Freddie Mac.
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S&P CoreLogic Case-Shiller Index shows continuous home price increases
Posted Date: Wednesday, March 9, 2022
S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices, the measure of U.S. home prices.
Data released for December 2021 show home prices continue to increase across the U.S.
Read on to learn more numbers from this report.
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NAR: It’s still a seller’s market
Posted Date: Monday, March 7, 2022
The fourth quarter of 2021 saw home prices continue to increase, although at a slower pace. Fewer markets in the last quarter experienced double-digit price gains, according to the latest quarterly report from the National Association of Realtors.
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Clear Capital expands its network to better appraisal modernization
Posted Date: Monday, March 14, 2022
Clear Capital recently announced the expansion of its Partner Network platform, which aims to collaborate with innovative companies to help lenders accelerate the adoption of modern appraisals and other technology advancements.
In collaboration with its partners, Clear Capital seeks to reduce friction of transformation and enable the vendor ecosystem with unique technology, data and analytics solutions.
Read on to learn more.
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Commercial firm acquires Crown Appraisal Group
Posted Date: Wednesday, March 16, 2022
BBG recently acquired Columbus, Ohio-based appraisal firm Crown Appraisal Group.
This is BBG’s second acquisition in 2022 and significantly expands its presence in Ohio and the contiguous states.
Read on for more about this industry acquisition.
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AppraisalWorks expanding presence
Posted Date: Wednesday, March 16, 2022
AppraisalWorks recently announced its technology will be powering OBL’s (Ohio Bankers League) Valuation Analytics’ expansion into Michigan. As the exclusive appraisal management technology platform to OBL for the past two years, AppraisalWorks has become the platform of choice for Ohio regional and community banks.
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Lenders have ‘window of opportunity,’ STRATMOR Group says
Posted Date: Wednesday, March 16, 2022
Mortgage executives are seeing the signs of a coming downturn and are considering the changes they’ll need to make to remain competitive, according to this month’s Insights Report from mortgage advisory firm STRATMOR Group.
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More regression data for appraisers to dive into
Posted Date: Monday, March 14, 2022
Valuation Review concludes its conversation with Savvi Analytics Product Developer Santiago Silva.
Standard deviation and linear regression are examined with an emphasis on how these variables apply to the market and what the appraiser must apply to the overall determination of value.
Read on for the rest of our interview with Silva.
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Freddie: Mortgage rates continue to jump
Posted Date: Monday, March 14, 2022
Freddie Mac has released the results of its Primary Mortgage Market Survey. It showed the 30-year fixed-rate mortgage averaged 3.92 percent.
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Appraisal platform streamlines portfolio orders
Posted Date: Monday, March 14, 2022
Connexions, the all-in-one appraisal management software platform providing automation, reporting, data analytics and integration for real estate valuations, has added to its innovative appraisal management suite of tools. Connexions now supports Portfolio Ordering, with streamlined payment and assignment workflows.
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Greystone provides $97.2 million HUD-insured green financing
Posted Date: Monday, March 14, 2022
Greystone, a national commercial real estate finance company, has provided a $97,160,000 HUD 223(f) loan to refinance a 506-unit multifamily property in Beaverton, Ore. The opportunity was brought to Greystone by Melvin Mark Capital Group after helping Peterkort Residential I, LLC evaluate and consider all the alternatives.
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ACI introduces advanced technology
Posted Date: Wednesday, March 9, 2022
ACI, a provider of workflow solutions for the valuation industry and a member of the First American family of companies, recently introduced SureStep Sketch. This is a data-driven floorplan solution that allows appraisers, inspectors and real estate agents to create accurate floorplans in the field.
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Company exec says anyone can give entrepreneurship a try
Posted Date: Monday, March 7, 2022
A thriving business hasn’t exactly been the easiest of things to obtain during the pandemic conditions forced upon so many individuals the past two years.
But one CEO suggests that the digital world has made starting a business “easier.”
Read on to learn more.
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