Here’s how to avoid the most-dreaded new agent question

How long have you been an agent? Follow these simple steps on listing appointments to answer the question and turn seller leads into signed listings, writes author and trainer Bernice Ross. Continue reading

Veros says its AVM isn’t tripped up by historical redlining boundaries

Study finds that homes located within historically redlined neighborhoods tend to have less living space, smaller lot sizes and more variations in quality. Continue reading

Quality control standards for AVMs may cover discrimination

Proposed standards would include random sample testing and reviews to ensure a “high level of confidence” in the estimates produced by AVMs. Continue reading

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

Guaranteed Rate rolls out ‘Same Day Mortgage’ nationwide

Properties must be eligible for an appraisal waiver, and like Better’s “One Day Mortgage,” some fine print can stand in the way of getting a loan approved in 24 hours. Continue reading

First American touts Procision as ‘next-generation’ valuation model

The Procision AVM suite comes in three flavors for mortgage lenders, capital market investors, proptechs and real estate professionals. Continue reading

Attom Data Solutions launches new rent estimate tool for investors

Company known for its nationwide property data launches new valuation model aimed at single-family rental properties, to provide estimated monthly rents for 72 million properties in U.S. Continue reading

It’s time to ditch mortgage lending’s outdated appraisal model

It’s time for the mortgage lending industry to move to an AVM-based appraisal model, says real estate coach Bernice Ross. There is too much room for error, especially in today’s super-fast-paced market. Continue reading

Biden administration lays out bold plan to combat appraisal bias

The five-point plan seeks to make the appraisal industry more accountable, arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry, and leverage federal data to benefit research and policymaking. Continue reading

Accurate Group acquires broker price opinions provider

EMerge will operate as a standalone division, leveraging Accurate Group’s property inspection technology and deepening its nationwide broker network. Continue reading