Items Tagged with 'Appraisals'

ARTICLES

  • CBRE grows valuation business by acquiring Florida Valuation Group

    Commercial real estate appraisal firm joining CBRE
    CBRE is growing its commercial real estate valuation business, as the company announced this week that it acquired Florida Valuation Group, a commercial real estate appraisal firm that specializes in right-of-way appraisal and litigation support for eminent domain proceedings in Florida and the Southeast.
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  • Class Valuation invests in tech company InsideMaps to bring digital imaging to appraisals

    Part of effort to “modernize” appraisal process
    Class Valuation, a growing appraisal management company that recently changed its name from Class Appraisal, is investing in a tech company called InsideMaps to bring digital imaging and 3D mapping to the home appraisal process. According to the companies, Class Valuation made an equity investment in InsideMaps, which has developed technology to generate 3D tours and models of both the interior and exterior of homes while also creating a detailed data set about the home itself.
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  • Appraisal tech startup Reggora raises $3 million in seed funding

    Claims it can “streamline the appraisal process”
    Reggora, a Boston-based startup that claims its software can “streamline the appraisal process,” now has $3 million in its coffers to help grow it business. According to the company, its software “condenses and streamlines appraisals by automating traditionally manual processes such as finding appraisers, scheduling appraisal inspections and reviewing the final appraisal product.”
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  • CoreLogic shifts focus to appraisals, moves away from loan origination software

    Moves to accelerate appraisal management company “transformation”
    In the last few years, CoreLogic has significantly grown its valuations business through a series of acquisitions, including a la mode, Mercury Network, LandSafe Appraisal Services, FNC, and RELS. And now, the company is sharpening its focus on appraisals and moving away from other “non-core” parts of the company.
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  • Appraisers accuse federal regulators of recreating housing crisis conditions

    Appraisal Institute blasts proposal to eliminate appraisal requirement on certain home sales
    As one might expect, appraisers are none too pleased about the FDIC, the OCC, and the Federal Reserve proposing to eliminate the appraisal requirement on certain home sales of $400,000 and below. According to Appraisal Institute President James Murrett, the newly proposed rules would add significantly more danger to the lending environment and harken back to the way things were just before the financial crisis.
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  • Regulators propose ending appraisal requirement on some home sales of $400,000 and below

    FDIC, OCC, Fed propose raising appraisal threshold for first time since 1994
    The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Reserve released a proposal Tuesday that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal.
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  • Class Appraisal names Gary Ferguson as its new CTO

    Ferguson will lead Class Appraisal's new tech development efforts
    Class Appraisal named Gary Ferguson as its chief technology officer to spearhead its pursuit of tech solutions. Ferguson has 20 years of experience in enterprise application development and has spent most of his career in the mortgage industry. Prior to joining Class Appraisal, Ferguson was CTO at Centric Technology Solutions.
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  • FHA Commissioner Brian Montgomery hints at issues in FHA appraisals

    Already seen problems in HECM, but there might be problems in forward too
    The FHA has already identified issues in appraisals on reverse mortgages and is taking steps to address the problem. But now, FHA Commissioner Brian Montgomery told the crowd at the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C., on Monday that the FHA is seeing some things in forward appraisals that give him "pause."
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  • Texas Real Estate Commission, Appraiser Board accused of ignoring customer service “crisis”

    Government watchdog says licensing agencies are hoarding money
    The Texas Sunset Commission, a state government watchdog agency, said in a report published this month that the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board are keeping excess revenue in their coffers to pay for a new building rather than using the money to deal with customer service problems that are “overwhelming” the agencies.
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