More tech vendors approved to support appraisal-free mortgages

Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support the new value acceptance + property data valuation process. Continue reading

Software vendors gear up to support appraisal-free mortgages

Starting April 15, Fannie Mae says more homebuyers will qualify for a program requiring full interior and exterior inspections that capture data and images throughout the property. Continue reading

Real Matters hires new chief financial officer as revenue dwindles

Executives with the Canadian real estate tech company said its U.S. expansion plan and ambitious goals to grow its appraisal and title insurance market share are still in place. Continue reading

Those claims of appraisal bias? Another study backs them up

Homes in white neighborhoods are valued twice as high as those in communities of color, even in places with otherwise similar housing stock, according to a study out this week. Continue reading

Help your buyers decide whether or not to waive the appraisal contingency

The appraisal is a key component in many real estate contracts, and knowing the pros and cons of contingencies can impact your transaction outcome. Expert Bill Gassett shares his industry knowledge about the basics of what your clients need to know bef… Continue reading

‘The appraisal process is an absolute joke’: The Real Word

On this week’s TRW: Find out what Byron Lazine and Nicole White have to say about the future of appraisals, incentive-based recruiting and this week’s Left, Middle, Right. Continue reading

Nationwide appraisal ethics rule changes postponed until 2024

The Appraisal Foundation’s Appraisal Standards Board says it needs more time to assess proposed changes designed to close the door to discrimination. Continue reading

Rate Drop Advantage program offers homebuyers a break on refis

If rates come down in the next three years, Rocket Mortgage’s program will cover some refinancing costs including first appraisal, credit report, tax certification and the mortgage recording fee. Continue reading

How to help a homebuyer sweeten an offer — without going too far

Contingency clauses are there to protect buyers and shouldn’t be dropped lightly. Here’s how agents can help advise clients navigating the tricky situations that offer-sweeteners can create. Continue reading