News By Edition

How are artificial intelligence and machine learning currently integrated into appraisal processes, including automated valuation models and data analysis tools?

Valuation Review gets the answers from Chandra Mast, a state-certified General real estate appraiser from RedRose Appraisals, and Justin Gohn, an appraiser and principal at Pennsylvania-based Gohn and Co.

Read on for the full conversation.

Valuation Review sat down once again with ServiceLink Valuation Solutions Senior Vice President Liz Green to get her thoughts on the UAD 3.6 arrival.  

She said static, boilerplate appraisal forms are being replaced with comprehensive, data-driven reports.

Read on for the full conversation with Green.

Valuation Review reached out to Woody Fincham, veteran appraiser and president/founder of Fincham & Associates, who shared some thoughts on key business strategies.

Specifically, Fincham addressed the importance of having good business relationships with brokers and agents.

Read on for the full conversation with this industry veteran.

Recently, Valuation Review caught up with veteran appraiser Michael Brunson, who is now the CEO of Validox.RED, a litigation management and valuation consulting firm focused on real estate damages.

Brunson gave us his thoughts on what the new UAD 3.6 will mean for the industry, as well as how his new firm is getting appraisers ready for its arrival.

Read on for the full conversation.

For more ways appraisers can be more visible and profitable in their businesses, Valuation Review reached out to Dustin Harris, “The Appraiser Coach.”

Harris shared some thoughts on key marketing steps appraisers can take to improve their portfolios.

Read on for more insight.

Valuation Review sat down with Restb.ai Valuations President Tony Pistilli for his views on the UAD 3.6.

Our publication continues its series on the new appraisal reports and how other industry veterans believe this will be a “game changer” within the appraisal profession.

Read on for the full conversation.

Class Valuation recently announced that its Elite Appraiser Panel program has doubled in size during the past 12 months and is setting new standards for professional excellence.

The Fannie Mae and Freddie Mac Uniform Appraisal Dataset (UAD) 3.6 and Forms Redesign team has updated the UAD Limited Production Readiness Overview for lenders to provide additional information and further clarification.

The Cook County (Illinois) Circuit Court granted a motion by former Appraisal Institute (AI) CEO Cindy Chance in June to dismiss all claims against former AI Vice President Craig Steinley in her wrongful termination against AI.

Chance and AI reached a settlement on the rest of the claims in August.

Read on for the follow-up on this legal matter.

Louisiana House Bill 288, introduced to update the state’s laws regarding real estate appraisers by modifying continuing education requirements and refining definitions related to appraisal management, has been signed into law.

What will this mean for the state and its appraisers moving forward?

Read on to learn more about this legislation.

Cotality recently put out its “10 Things to Know About the Property Market” for July.

In particular, it was revealed that the condo market is “under pressure.”

Read on for all the numbers.

Slower demand from buyers has more homes for sale now than at any time since 2019.

This is according to the latest market report from Zillow.

Read on to learn more.  

The automated valuation model (AVM) industry is entering a critical phase, according to AVMetrics.

Regulatory oversight is increasing, use cases are expanding and performance analysis is under scrutiny, which makes it important the AVM testing framework includes a data-driven testing methodology grounded in sound and prudent validation principles.

Read on to learn more.

ServiceLink Product Innovation Senior Vice President (SVP) Hemanth Panyam offered his perspectives on how artificial intelligence is rapidly transforming the appraisal space by embedding intelligence into every layer of the valuation process.

A recent Zillow analysis showed home values falling in half of the nation’s largest markets over the past year.

Buyers are gaining leverage across the country, with more markets tipping toward balance, and sellers cutting prices at record rates to compete and are making gains in the battle of negotiating power, but losing when it comes to affordability.

Read on to learn more. 

Clear Capital recently announced a strategic relationship with CAPE Analytics, a Moody’s company. This collaboration will offer an automated property condition report (aPCR), in addition to a fully automated method for assessing property condition, and an inspection cascade. By leveraging CAPE Analytics’ high-resolution geospatial imagery and machine-learning analysis, the aPCR provides lenders with a reliable, scalable alternative to traditional inspections, while the solution covers 98 percent of U.S. residential properties.

The summer housing market had a slow beginning with persistently high mortgage rates.

The S&P Cotality Case-Shiller Index reflects that start with noteworthy numbers, such as deceleration from 6.5 percent at the start of 2024.

Read on for more from this report.

Minnesota Real Estate Appraisal Services, LLC recently announced the expansion of their appraisal services.

This enhancement will effect clients in the Minneapolis-St. Paul area and all across the state. 

Read on to learn more.

The American Society of Farm Managers and Rural Appraisers (ASFMRA) has been seeking a new organization CEO and executive vice president since the retirement announcement form Brian Stockman. ASFMR now has that person who officially took over those executive duties Sept. 3.

MISMO recently announced a guide to help appraisers in the ever-growing age of valuation technology. The release of the Automated Valuation Model (AVM) Common Confidence Score Standard and Guidance is designed to help mortgage originators evaluate AVM risk more effectively. Consistency in achieving regulatory compliance can also be maximized by way of this guide.

October Research Chief Knowledge Officer and Keys to Real Estate host Mary Schuster spoke with Andy Walden, head of mortgage and housing market research at Intercontinental Exchange. The discussuon centered around what metrics Walden believes will serve as the most valuable indicators as it relates to the marketplace future.

Valuation Review concludes its conversation with veteran appraiser and co-founder of VUVU Global, Roy Meyer.

In Part II, Meyer gives us more insight relating to artificial intelligence, in addition to the powerful data security, where appraisers can truly benefit from with regards to expanded market access.

Read on for the conclusion to this feature story.

Spencer Fane LLP recently welcomed to the firm’s St. Louis office an of counsel attorney in the real estate practice group.

BizEquity recently announced the appointment of the company’s chief valuation officer to the Board of Advisors for the International Society of Business Appraisers.