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News Headlines - appraisal

Why Automation Is Killing the Property Appraisal Business
The Zestimate, which has been around since the website's inception in 2006, cannot be considered an official, certified appraisal. But it's a start, said Humphries. It's also getting better as the company pours more resources into research and development.

Freddie Mac to Offer Appraisal-Free Mortgage Program
Builder Magazine
The new Automated Collateral Evaluation assesses the need for a traditional appraisal by using proprietary models and utilizing data from multiple listing services and public records as well as the historical home values in order to determine ...

and more »

Appraisal Buzz (press release) (registration) (blog)

Indecision is a Decision
Appraisal Buzz (press release) (registration) (blog)
“Insufficient data is available in this market to determine price trends, therefore no time adjustments were applied.” This is a quote extracted from an appraisal that I was reviewing. It was a small duplex built in the 60's and the market grid ...

Freddie Mac extends appraisal-free mortgage program to purchase loans
Freddie Mac announced Friday it is making buying a home a better experience for lender and homebuyers – by cutting the appraiser out of the process. The company is now offering a new product which will cut the appraisal process out of qualified home ...
Freddie Mac to Automate Appraisals for Some Purchase MortgagesAppraisal Buzz (press release) (registration) (blog)
Freddie Mac Introduces Innovative Appraisal Alternative for Home Purchases and RefinancesMarketwired (press release)

all 24 news articles »

Farmers & Merchants Union Bank will host coin appraisal Aug. 24-25
Appraisals will be done at the Fall River branch, 637 S. Main St., from 9 a.m. to noon on Thursday, Aug. 24; at the Columbus Downtown location, 159 W. James St., from 1 to 4 p.m. on Thursday, Aug. 24; and at the Rio branch, 575 S. Lowville Road, from 9 ...

Freddie, Fannie, and Lender Shifts in Appraisal and Inspection ...
Appraisal Buzz (press release) (registration) (blog)
What does $980k buy in the SF suburb of Vallejo, CA? A property designed by Julia Morgan (think Hearst Castle) with floating stairways, over-sized eves, ...

and more »

Connecticut Supreme Court Reaffirms Court's Limited Power To Review Appraisal Awards
JD Supra (press release)
When the parties could not agree as to the amount of the loss, the insured submitted the dispute to appraisal. Following seven site visits, the submission of voluminous materials, and hearings with multiple witnesses concerning the correct amount of ...

The Killeen Daily Herald

Heights landowners protest appraisal procedures at meeting | Local ...
The Killeen Daily Herald
BELTON — Harker Heights-area property owners who saw huge increases in their property tax appraisals this year gave an earful to the board that oversees the ...

and more »


Will the home appraisal industry be replaced by technology?
In the past, both of these entities have occasionally allowed appraisal waivers when evaluating low-cost loans. But recently, they've changed their stance, starting up a program earlier this year that would waive the new appraisal requirement for homes ...

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