Reverse mortgage LOs share appraisal challenges at NRMLA event
Reverse mortgage professionals share their views on appraisals and some of the challenges they’ve faced in this process.
Appraisals
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Appraisal Institute executive accused of harassment withdraws from public appearances
The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a low profile.
Class Valuation names Chris Flynn chief data officer
In the newly created role, Flynn will oversee the company’s data strategy and use of analytics, AI and automation.
Former executive sues Appraisal Institute, alleging wrongful termination
A former Appraisal Institute executive is suing after she was allegedly fired for pushing back against incorrect exam results.
HUD rescinds appraisal review policies
Policies related to real estate appraisal appeals, or reconsiderations of value, have been rescinded by the Federal Housing Administration.
HomeVision, Restb.ai partner on AI in collateral underwriting
The companies say the technology will improve appraisal accuracy, automate parts of the review process and help lenders, appraisal management companies (AMCs) and individual appraisers identify errors.
Win some, lose some: Appraisers wrestle with the CFPB’s dismantling
Appraisers have mixed feelings about the status of the Consumer Financial Protection Bureau. They welcome the end of the PAVE Task Force, but a potential closure means the agency won’t issue final rules in a fight against appraisal management companies.
Ownwell partners with Valon on property tax monitoring service
Ownwell is unveiling a new partnership that aims to help homeowners save money by avoiding higher property tax payments. On Monday, the company said it would partner with mortgage servicing company Valon to offer property tax savings services.
PAVE seems to be disappearing. What else is next?
As the Trump administration continues its crusade against diversity, equity and inclusion (DEI) initiatives, it appears that the Property Appraisal and Valuation Equity (PAVE) policies are being swept away amid a laundry list of actions.
Fannie Mae releases updates on leasehold estates, manufactured homes, fraud prevention
Leasehold estates, manufactured homes and mortgage fraud are the key topics in the latest Fannie Mae Selling Guide update.