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'Going concern' facts for appraisers to know
Posted Date: Wednesday, March 20, 2024
Valuation Review spoke with Deane Wilson, managing partner for The Blackwell Group, who shared many facets related to going concern valuations.
Wilson also examined the facts and the misconceptions surrounding these types of properties.
Read on for the full conversation with Wilson.
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TAF responds to CFPB director’s comments about foundation
Posted Date: Wednesday, March 20, 2024
Earlier this week, Consumer Financial Protection Bureau Director Rohit Chopra offered a submission to the Appraisal Subcommittee regarding oversight of The Appraisal Foundation (TAF).
Additionally, Chopra made critical comments about TAF and its position on appraisal bias. Valuation Review reached out to TAF for its response.
Read on to find out what was said by both the CFPB and TAF.
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Defining the term ‘valuation modernization’
Posted Date: Monday, March 25, 2024
Valuation Review spoke with Jared Preisler, chief appraiser and director of product development at DataMaster, about the many facets of appraisal modernization.
From specifics to opportunities for appraisers, Preisler discussed it all, including where property data collectors fit in.
Read Part I of this exclusive feature.
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TAF names new president
Posted Date: Monday, March 25, 2024
The Appraisal Foundation (TAF) Board of Trustees voted March 25 to appoint a new president of TAF.
She is the former superintendent of the Ohio Division of Real Estate & Professional Licensing, the chief regulator for Ohio’s appraisers.
Read on to learn the identity of the new TAF president.
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Agencies pause appraisal requirements affected by Hawaii wildfires
Posted Date: Monday, March 25, 2024
To help facilitate recovery efforts from wildfires in Hawaii last year, four federal financial institution regulatory agencies temporarily paused certain appraisal requirements for real estate-related transactions in Maui County.
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Bipartisan legislation introduced to improve home appraisals
Posted Date: Monday, April 1, 2024
To strengthen the home appraisal workforce and speed up the appraisal process, U.S. Sens. Kevin Cramer (R-ND) and Jon Tester (D-MT) recently introduced the bipartisan Appraisal Industry Improvement Act.
It aims to improve access to housing in rural communities across the country.
Read on to learn more.
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Adding efficiency, simplicity to the valuation process
Posted Date: Monday, April 1, 2024
Regulators are focused on residential property appraisals, lenders and investors are looking at ways to make the overall valuation process easier, and homeowners and homebuyers want to make sure they’re getting full and fair value.
At the Intercontinental Exchange, Inc. (ICE) Experience in Las Vegas, ICE announced the addition of two new solutions to its growing suite of home valuation tools.
Read on to learn more from this event.
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Executive shares more insight on PAREA, appraisers embracing technology
Posted Date: Wednesday, April 3, 2024
Earlier, Valuation Review brought you the announcement that McKissock Appraisal withdrew its involvement with PAREA (Practical Applications of Real Estate Appraisal).
We caught up with Nancy Gerome, vice president, Valuation & Property Services, and general manager, at McKissock for a more in-depth look at PAREA and her thoughts on the opportunities and challenges ahead for appraisers.
Read on to find out what Gerome told us.
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The arrival of the UPD and what it means for the valuation space
Posted Date: Wednesday, April 17, 2024
Earlier this month, the government-sponsored enterprises launched the new Uniform Property Dataset.
Valuation Review spoke with Dan McAlister, vice president of product management at Clear Capital, for his thoughts on the launch and how it will affect the appraisal profession moving forward.
Read on to find out what McAlister had to say.
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Affording seniors housing, more market valuations
Posted Date: Wednesday, April 17, 2024
Valuation Review concludes its conversation with with Zach Bowyer, executive managing director at Cushman & Wakefield, who revealed key factors in seniors housing.
In Part II, Bowyer discusses affording these properties, and much more.
Read on for the conclusion to this feature.
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Appraiser, city opinions of property value seem to differ
Posted Date: Wednesday, April 17, 2024
In 2019, an Anchorage real estate firm estimated the market value of a downtown parking lot at more than $3 million.
Earlier this year, a city agency voted to sell the lot to the former mayor for $1 million less.
Read on to learn more.
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Aloft reveals AI feature
Posted Date: Wednesday, April 17, 2024
Aloft recently unveiled a development in its artificial intelligence (AI)-driven image analysis. Embedded in Aloft’s signature software product, Appraiser Toolkit, the feature marks an advancement in the standardization of quality and condition ratings in appraisal reports.
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FHFA announces key appointment
Posted Date: Wednesday, April 17, 2024
In March, the Federal Housing Finance Agency made a key appointment in its Office of Minority and Women Inclusion.
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Couple settles in home appraisal bias case against lender
Posted Date: Monday, April 15, 2024
A Black couple who claimed mortgage lender loanDepot denied a refinancing of their mortgage because it relied upon a racially biased, considerably low appraisal of their Baltimore home, recently agreed to a legal settlement.
The lender vows to change how it handles complaints of racially biased appraisals.
Read on for the details surrounding this case.
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More insight on seniors housing
Posted Date: Monday, April 15, 2024
Valuation Review caught up with Zach Bowyer, executive managing director at Cushman & Wakefield, who gave an overview of the seniors housing picture based on the company’s recent investor survey and trends report.
Bowyer shared the ways he sees seniors housing property market fundamentals continuing to improve.
Read on to learn more.
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‘Appraisers are the unsung heroes of the real estate process,’ says company CEO
Posted Date: Monday, April 15, 2024
Valuation Review recently spoke with the CEO of Calque, a company enabling traditional lenders to offer buy-before-you-sell programs.
He discussed what specific challenges homeowners face during the buying and selling process, as well as the important role of the appraiser.
Read on for the full conversation.
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Dart Appraisal supports Fannie Mae program
Posted Date: Monday, April 15, 2024
Dart Appraisal, an independent AMC, recently announced the company joined a small number of AMCs capable of fulfilling Fannie Mae property data collection orders for lenders.
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Company offers no commission FSBO home sales
Posted Date: Monday, April 15, 2024
Homepie, a proptech startup, recently launched its For Sale By Owner online marketplace. Homepie allows homesellers to list their home and buyers to purchase homes commission free.
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Redfin: First-time homebuyers need $76,000 income
Posted Date: Monday, April 15, 2024
Homebuyers must earn $75,849 annually to afford the typical U.S. starter home as of February, up 8.2 percent ($5,767) from a year earlier, according to a new report from Redfin.
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TAF’s Bunton shares his thoughts on retirement
Posted Date: Wednesday, April 10, 2024
The Appraisal Foundation (TAF) President David Bunton recently announced his retirement.
Valuation Review sat down with Bunton for the opportunity to “walk down memory lane,” where Bunton shared his thoughts as to what he is most proud of during his tenure as TAF president, as well as what he sees for himself in the next chapter of his life.
Read on to find out what Bunton shared with us.
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What to consider when valuing commercial solar panel buildings
Posted Date: Wednesday, April 10, 2024
The use of solar panels on commercial buildings is on the rise.
JLL examined commercial landlords seeking to boost solar panel coverage, and how the valuation approach must adapt.
Read on for more insight into commercial solar valuation.
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CoreLogic: S&P Case-Shiller Index continues upward trend in January
Posted Date: Wednesday, April 10, 2024
S&P Dow Jones Indices recently released the January 2024 results for the S&P CoreLogic Case-Shiller Indices.
The report showed that three out of the 20 major metro markets reported month-over-month home price increases.
Read on to learn more.
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Walitt Solutions welcomes new member
Posted Date: Wednesday, April 10, 2024
Compliance and real estate consulting firm Walitt Solutions recently welcomed a new member. The company stated they are “excited to add her expertise to the support it provides clients.”
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Freddie Mac, ICE collaborate for lenders
Posted Date: Wednesday, April 10, 2024
Freddie Mac and Intercontinental Exchange, Inc. recently announced they’re working together to bring greater loan quality to the mortgage origination process so lenders can effectively serve more borrowers while reducing risk. The collaboration will leverage both companies’ automation technologies and solutions to help lenders underwrite mortgage loans starting at the point of sale.
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ICE alignment with Lennar Mortgage solidifies technology integration
Posted Date: Monday, April 8, 2024
Intercontinental Exchange, Inc. recently announced that Lennar Mortgage will move its servicing operations onto the ICE MSP loan servicing system.
Already a longtime user of ICE’s Encompass digital lending platform, Lennar will see greater efficiencies and compliance support from the integration, ICE stated.
Read on for ore details.
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CoreLogic, Polly partner for lenders
Posted Date: Monday, April 8, 2024
Polly, the provider of mortgage capital markets technology and operator of the ’industry’s first cloud-native, commercially scalable product and pricing engine, recently announced its API integration with CoreLogic.
The integration joins Polly’s vanguard pricing engine and CoreLogic’s Digital Mortgage Platform.
Read on to learn more.
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Fannie Mae updates appraisers
Posted Date: Monday, April 8, 2024
In the March 2024 Fannie Mae Appraiser Update, Fannie Mae spoke to hot appraisal topics such as zoning changes and highest and best use.
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Survey points to states adding mortgage debt
Posted Date: Monday, April 8, 2024
Americans owe more than $12 trillion on their mortgages, and WalletHub recently released its report on the “States Adding the Most Mortgage Debt” to show where homeowners are struggling the most.
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Partners in agricultural appraisal celebrate anniversary
Posted Date: Monday, April 8, 2024
Agcor, an AQUAOSO Technologies, PBC brand provider of agricultural lending software solutions, recently announced a milestone in its partnership with AgWare, a developer of appraisal software.
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The ability to change, and a key step for successful appraising
Posted Date: Wednesday, April 3, 2024
For this month’s sage advice for appraisers, Dustin Harris (“The Appraiser Coach”) shares his thoughts from his blogs “Change: Threat, or Opportunity” and “Confidence: The Second Key to Success.”
Harris notes change can mean opportunity, while confidence can carry an appraiser a long way.
Read on for more.
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Calque appoints CEO
Posted Date: Wednesday, April 3, 2024
Calque recently announced the appointment of a new chief executive officer. He has over 25 years of experience in the mortgage, real estate, insurance, and risk management sectors.
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Fannie Mae: Higher mortgage rate forecast leads to home sales decline
Posted Date: Wednesday, April 3, 2024
The increase in mortgage rates in February drove a modest downgrade to expectations for total home sales and mortgage originations in 2024, according to the March 2024 commentary from the Fannie Mae Economic and Strategic Research Group.
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Curinos, Lender Price partner to deliver specific data for mortgage lenders
Posted Date: Wednesday, April 3, 2024
Curinos, a global data intelligence business serving financial institutions across lending, deposits and digital banking solutions, recently announced a partnership with Lender Price, a provider of mortgage pricing technology and cloud-native digital lending solutions.
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Modern, traditional appraisals examined
Posted Date: Monday, April 1, 2024
Valuation Review wraps up its conversation with Jared Preisler, chief appraiser and director of product development at DataMaster, who gives more observations about appraisal modernization.
In Part II of our feature, Preisler gave us insight regarding the modern appraisal to the traditional.
Read o n for the conclusion.
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Are you equipped to value green properties?
Posted Date: Monday, April 1, 2024
The first webinar in the Valuation Review Compliance Series of 2024 will be “Appraising Green Properties.”
Appraisal Institute President Sandra Adomatis and Woody Fincham of Fincham and Associates will be sharing their insights on what it takes to compliantly appraise environmentally friendly features.
Read on to find out how you can order your copy of the webinar.
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HUD filing alleges a violation of Fair Housing Act component
Posted Date: Monday, April 1, 2024
Recently, the National Fair Housing Alliance and the Tennessee Fair Housing Council announced they filed a housing discrimination complaint with the Department of Housing and Urban Development alleging a violation of the Fair Housing Act’s accessibility requirements at 13 multi-family rental properties in Alabama, North Carolina, South Carolina and Tennessee.
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Company offering employment verifications through Fannie Mae’s DU
Posted Date: Monday, April 1, 2024
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier for mortgage lenders using Fannie Mae’s Desktop Underwriter validation service.
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Freddie Mac has interim CEO
Posted Date: Monday, April 1, 2024
Freddie Mac recently announced it appointed an interim CEO after CEO Michael DeVito stepped down on March 15.
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