Remove appraisal
article thumbnail

Real estate appraisals: What agents should know

Housing Wire

One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. Appraisals are required for homes financed with any type of mortgage. Why are appraisals important?

Agents 442
article thumbnail

What AVMs can and can’t do in the appraisal process

Housing Wire

Fannie Mae recently announced that it will begin to “include a desktop appraisal option in Desktop Underwriter beginning March 19, 2022. Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. ” Amazing, right? ” Amazing, right?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Federal regulators finalize appraisal and capital liquidity rules

Housing Wire

These include one that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions, the release said. Announced in April, this rule applies only to loans kept in a bank’s portfolio, and originally alarmed appraisers. 31 this year.

article thumbnail

Opteon’s Short-Term Rental Analysis provides a more accurate report for short-term rentals

Housing Wire

Previously, the only way to create a robust report truly reflective of the potential of a short-term rental was to have a certified general appraiser complete a narrative report. Utilizing a Certified General Appraiser ensures that the professional making the analysis and providing relevant commentary has the credentials to be able to do so.

article thumbnail

Appraisal Institute names Rodman Schley president

Housing Wire

Rodman Schley was selected to become the next president of the Appraisal Institute (AI) beginning Jan. 1, succeeding appraiser Jefferson Sherman, according to the trade organization. In 2002, he founded Commercial Valuation Consultants, Inc., He has also served as president of the group’s Colorado chapter.

article thumbnail

End-to-end Appraisal Software for Commercial Real Estate

GeekEstate

Valcre is an appraisal platform for the commercial real estate industry. What we like: Having recently joined the NAR Reach Commercial Class of 2021 , Valcre is poised for an aggressive year of expansion. The post End-to-end Appraisal Software for Commercial Real Estate appeared first on GeekEstate Blog.

article thumbnail

Nationwide Appraisal Network’s valuation solutions allow lenders to select appraisers based on performance

Housing Wire

With an increased demand for appraisals across the country, the need for efficiency during the appraisal process is greater than ever. Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states.