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September 7, 2020

Valuation Review Edition
September 7, 2020
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Health risks remain a challenge, AI president says
Posted Date: Monday, August 24, 2020

Appraiser safety during this era was a key point of emphasis during Valuation Review’s recent conversation with Appraisal Institute (AI) President Jefferson L. Sherman.

Obtaining the proper data required by lenders under the GSEs' pandemic guidelines is another tough obstacle for appraisers to hurdle.

Read on for more insights from the AI president.


CoreLogic principal discusses flexibility in new valuations world
Posted Date: Monday, August 24, 2020

Valuation Review talked with CoreLogic Valuations Principal George Paquette.

The conversation dealt with many of the adaptations appraisers have had to make, as well as the many challenges regarding comparables in a constantly changing market.

Read on to find out more of what Paquette shared with us.


CAR speaks on new FHFA refinance fee
Posted Date: Monday, August 24, 2020

The California Association of Realtors issued a statement regarding the Federal Housing Finance Agency’s announcement to implement a new 0.5 percent fee on the loan amount for the majority of Fannie Mae and Freddie Mac refinance loans. Read on to learn more.


BBG CEO outlines pandemic impact on market
Posted Date: Wednesday, August 19, 2020

Since the arrival of COVID-19, many concerns have risen as to the constant changing of operations in real estate and commercial markets.

Valuation Review caught up with BBG CEO Chris Roach, who shared some of his thoughts.

Read on to find out what Roach told us the consumer can expect post-pandemic.


CoreLogic announces May delinquency figures
Posted Date: Wednesday, August 19, 2020

The CoreLogic Loan Performance Insights report found that the 30 days or more delinquency rate for May was 7.3 percent.

This represents a 3.7-percentage point increase in the overall delinquency rate compared with a year earlier.

Read on to learn more.


ASC extends North Dakota appraisal waiver
Posted Date: Monday, August 17, 2020

On July 29, the Appraisal Subcommittee (ASC) voted 6-1 to extend an existing commercial appraisal waiver originally granted to the state of North Dakota, the American Society of Appraisers announced on its website. Read on for more information regarding the extension.


Are Zestimates helpful or harmful to appraisers?
Posted Date: Wednesday, August 12, 2020

Zillow’s Zestimates have come into question regarding the value of homes.

Dustin Harris, “The Appraiser Coach” examined this and shared his findings and opinions with Valuation Review.

Read on to learn more.


Report finds 20 percent of homes got appraisal inspection waivers
Posted Date: Wednesday, August 12, 2020

A new report from Redfin found that 19.9 percent of successful offers submitted by Redfin agents in select major markets waived the inspection contingency in June, compared with just 13.2 percent during the same month in 2019. Read on to learn more.


FHA launches new tech module for appraisals
Posted Date: Wednesday, August 26, 2020

The Federal Housing Administration (FHA) announced the upcoming release of its FHA Catalyst: Electronic Appraisal Delivery module on the FHA Catalyst platform. Read on to learn more.


Fannie Mae adds measures for multifamily tenants
Posted Date: Wednesday, August 19, 2020

Recently, Fannie Mae revealed a new measure to assist multifamily property owners with specific mortgages backed by the GSE. Read on to learn more.


Adoption of technology crucial, Stewart exec says
Posted Date: Monday, August 17, 2020

Valuation Review caught up with Rich Shackelford, the senior vice president of sales and lender services for Stewart Title.

Shackelford discussed building a good business foundation and what businesses should be focusing on during the COVID-19 environment.

Read on to learn more from our conversation.


Market Valuation Services introduces new tool
Posted Date: Monday, August 24, 2020

Market Valuation Services’ latest software, Fully Loaded Asset Report Evaluator (FLARE), is innovative software that helps financial institutions expedite valuation services with improved accuracy to help increase their bottom line, the company announced. Read on to learn more.


CoreLogic consolidates with tech company
Posted Date: Monday, July 27, 2020

CoreLogic is transferring much of its critical customer communications management and print and mail services to Nordis Technologies, the company announced in a release. Read on to learn more.


Appraisers, borrowers working together assists in the process
Posted Date: Wednesday, August 26, 2020

Preparation and asking the right questions to ensure safety and comfortability will certainly enhance the completion of appraisal assignments during COVID-19 conditions.

CoreLogic Principal and veteran appraiser George Paquette offers safe solutions for appraisers to follow.

Read on to learn more.


Smart inspections critical for appraisers now, AI president says
Posted Date: Wednesday, August 26, 2020

The need for detailed plans and preparation has become a must for appraisers when accepting assignments during these pandemic times.

Every appraiser has come up with their own method as far as procedure when arriving to a property site. Still, Appraisal Institute President Jefferson L. Sherman wondered about the policies of states as they relate to staying home.

Read on to learn more.


Freedom Mortgage, RoundPoint merge
Posted Date: Monday, August 24, 2020

Freedom Mortgage Corp. and RoundPoint Mortgage Servicing Corp. have completed their previously announced merger. Read on to learn more.

 


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