Items Tagged with 'appraisal'

ARTICLES

  • Former Accenture exec invests in Class Valuation as CEO

    Mike Detwiler looks to accelerate appraisal and valuation turn-times to 24 hours
    HousingWire sat down with Mike Detwiler to discuss his decision to leave Accenture and invest in Class Valuation. The company focuses on Thoughtful Change initiatives which requires coordination and buy-in from lenders, appraisers, service providers like Class, and the GSEs to bring about true modernization.
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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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  • 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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  • Making Sense of the Uniform Appraisal Dataset Rules

    Overview of the Uniform Appraisal Dataset (UAD) requirements under the Uniform Mortgage Data Program (UMDP). The GSEs have been working towards standardization over the past couple of years. The UAD is only a small part of the UMDP, but one of the most important.   The goal of the UAD is to obtain superior quality data from appraisals that have been historically written with varying terminology. What does average condition really mean? Does DW stand for dishwasher or drywall? Why does 2.1 baths mean the same as 2.5 baths? It’s all about standardization of appraiser responses on four appraisal
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