Housing Wire

MARCH 20, 2025

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Garber added that the most pressing concern for appraisers remains the resolution of fair housing claims by the U.S. HUD and FHA handed down new appraisal bias protections in May 2024.

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Housing Wire

MAY 1, 2025

Industry debate around off-market listings or pocket listings has become increasingly heated. For Willoughby, founder of The Jaymes Willoughby Team with Keller Williams Realty , off-market listings are a gamble that rarely pays off for sellers. Some agents use off-market listings as a way to double-dip commissions, Willoughby said.

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Housing Wire

DECEMBER 7, 2021

If there’s anything that lenders and borrowers have learned from the current purchase market it’s that speed and efficiency are key to a smooth closing. With desktop appraisals now a permanent option, we should expect to see some of the traditional pressure on turn times alleviated.

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Housing Wire

SEPTEMBER 16, 2022

House of Representatives this week passed a bill that streamlines the appraisal process for U.S. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

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Housing Wire

JULY 11, 2024

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process.

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Housing Wire

JULY 7, 2023

Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX.

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Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. What I did see were links to lender websites almost apologetically explaining what an appraisal gap is to their customers and willing them not to panic if it happens to them. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Housing Wire

JUNE 25, 2024

Home appraisals are critical to the home buying and selling process. But that’s not all a home appraisal can do. Let’s take a closer look at appraisals, what they mean for a sale, and how to leverage the results to get your clients the best price possible. What is the purpose of a home appraisal?

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Housing Wire

AUGUST 23, 2024

Jaro is the only end-to-end appraisal platform on the market that is painstakingly designed for lender and AMC workflows to serve every party in the valuation process. The platform’s integrations are highly adaptable, offering a wide range of options to meet needs across the appraisal space.

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Housing Wire

MARCH 1, 2023

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We

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Housing Wire

JULY 15, 2024

Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. That was not the practice for appraisals with white owners, HUD stated.

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Housing Wire

JANUARY 17, 2024

A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. The FHFA based its analysis on single-family housing data from the Uniform Appraisal Dataset (UAD), collected by Fannie Mae and Freddie Mac.

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Housing Wire

OCTOBER 28, 2024

The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. billion in appraisal fees by using proprietary models, historical data, and public records. billion since early 2020.

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Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. Kenon Chen: The challenge that’s in front of everyone continues to be the market itself, and then housing affordability.

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Housing Wire

APRIL 16, 2025

Real estate appraisal management company Class Valuation has appointed Chris Flynn as its chief data officer. Flynn’s work will also focus on using data to improve accuracy and efficiency in home appraisals , an area that has faced increased scrutiny in the housing market, the company said.

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Housing Wire

JULY 11, 2024

The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act. White and 0.6% White and 0.6%

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. Everybody is affected by the appraisal process. SW: How is technology changing appraisals?

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Housing Wire

JULY 1, 2024

In light of market fluctuations and regulatory changes, mortgage lenders face significant challenges in today’s market. Adding to this challenging financial reality, the “ COVID ” vintage of loans has led to brutal repurchase costs for lenders, significantly driven by appraisal defects.

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Housing Wire

OCTOBER 10, 2024

The platform is intended for housing professionals in various sectors, including 5 million loan officers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Araya’s data will come from CoreLogic‘s 360 Property Data suite, which offers property and marketing intelligence.

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Housing Wire

DECEMBER 8, 2022

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. What’s going on?

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Housing Wire

NOVEMBER 14, 2024

Real estate marketing startup Realoq is launching a new data solution for brokers and agents. With this update, independent MLSs, brokerages, agents, appraisers and affiliates can access auto-populated data without the risk of data duplication.

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Housing Wire

APRIL 18, 2024

At Jaro , our commitment to integrating AI automation alongside the traditional appraisal process is not just about keeping pace with technology — it’s about making the process of appraising and valuing properties better for every stakeholder: from lenders, to borrowers, appraisers and everyone in between.

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The original appraisal waiver solutions were launched in August 2017.

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Housing Wire

FEBRUARY 3, 2025

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination Cottonwood Heights, UT Paradatec paradatec.com/ Loan Origination, Servicing, Secondary and Closing Wilmington, DE Outamation outamation.com/ Servicing Southlake, TX Orion Lending orionlending.com/ Loan Origination Orange, CA Optimal Blue www2.optimalblue.com/

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Housing Wire

NOVEMBER 19, 2024

We have amazing data scientists who are building out new models — from reducing premiums on wildfire insurance in California to using image analytics so that an appraiser can capture the appraisal in real time and use it for quality assurance. I look after the dataset and all things related to property location.

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Housing Wire

APRIL 6, 2023

The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) in May for its second public hearing on appraisal bias. At the first ASC hearing in January, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra took aim at the dysfunctional regulatory system that governs the appraisal industry. “I

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Housing Wire

MAY 9, 2023

Appraisal management software company Reggora announced this week the launch of its Appraisal Marketplace, which leverages data managed by the company in an effort to improve appraisal performance. By leveraging Reggora’s own data, its marketplace is aiming to improve the performance of the appraisal industry, the company said.

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Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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Housing Wire

APRIL 22, 2025

The duo brings more than 45 years of combined experience in mortgage lending, financial services and financial technology to Class Valuation , an appraisal management company that is continuing to grow its leadership ranks. Its a unique opportunity to help shape a market alongside people who truly understand where the industry is headed.”

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Housing Wire

MAY 23, 2023

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. We often hear the statistic that the average appraiser is a 57-year-old white male.

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. However, is appraisal modernization on its own enough? However, is appraisal modernization on its own enough?

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Housing Wire

NOVEMBER 13, 2024

The report also said that potential Black homebuyers are too often shut out of the opportunity to participate in the market. Additionally, the report finds it “alarming” that a strong Black presence in the labor market is “not prompting increases in homeownership or narrowing the wealth gap.”

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Housing Wire

NOVEMBER 5, 2024

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. We’ve taken a step back with data transparency since the NAR lawsuit,” said Ryan Lundquist , a Sacramento, California-based appraiser.

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Housing Wire

NOVEMBER 4, 2024

By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. This tactic will only work if the home appraises at the higher value, of course—leaving the consumer with a larger mortgage and monthly payment. These “solutions” do not leave buyers better off.

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Housing Wire

OCTOBER 18, 2024

“We have partnered with Calque to provide better options to those customers, including the ability to close immediately on a new home before putting their current home on the market.” The process only takes 48 hours, after the buyer completes a virtual appraisal with Calque. Calque launched the Contingency Buster in August.

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Housing Wire

FEBRUARY 1, 2024

There are several factors to cite but I want to highlight a key area that may be taken for granted — that not everyone receives a fair home appraisal. Stifled The Fair Housing Center of Metropolitan Detroit shared that loan denial rates in Detroit, due to the appraised value of a home (a.k.a. I hope you will join me.

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Housing Wire

FEBRUARY 19, 2025

Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Set the stage: Educate your clients on the market This is your time to shine! Show off your real estate knowledge by educating your buyers on what the market is like in your area.

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