Appraisals

Home Appraisal Price-Gap Analysis Shows That Home Appraisals Were Higher Than Sale Prices 51% of the Time It’s fairly common for home appraisals to differ from actual sales prices, particularly with recent record home price appreciation seeing home prices skyrocket. Appraised values indicate what a licensed or certified appraiser believes a home is worth, while […]

There’s More to Appraisal Management Than Just Ordering by Ashley Jelinek, CEO For decades, lenders have relied on appraisal management companies (AMCs) to compliantly deliver accurate property valuations and to act as a “firewall”, preventing interested parties from exerting pressure on appraisers.  The existence of AMCs has enabled lenders to expand their geographic footprints into

Here’s a quick rundown of some recent legislative updates we’ve been tracking. This month we’re focusing on legislation regarding the appraisal industry. NJ Senate Approves Penalties for Discriminatory Appraisals New Jersey Senate lawmakers recently approved a bill aimed at penalizing real estate appraisers who undervalue homes based on protected characteristics, such as race, sex, or

Understanding the new Uniform Property Dataset from Fannie Mae & Freddie Mac A Q&A with Sherri Zahtilla, SVP Operations 1. Let’s start with the basics, what is the new Uniform Property Dataset (UPD)? The Uniform Property Dataset, or UPD, is a standardized dataset developed by both Fannie Mae and Freddie Mac that is designed to

Accelerate Your Mortgage Process With Improved Appraisal Management by Jerome Jelinek, CEO and President. December 17, 2023 Effective appraisal management is crucial for mortgage lenders looking to optimize and accelerate their mortgage processes. By streamlining appraisal workflows and focusing on technology-driven solutions, lenders can ensure borrower satisfaction, faster turnaround times, improved accuracy, and compliance with

Fannie Mae’s Value Acceptance + Property Data Overview You’ve heard of this program, but you may not have had time to look into the details. This article is intended to provide you with a quick overview and connect you with the resources for a deeper dive: 1. What Is the Program?2. Which Loans Are Eligible?3.

How lenders can combat appraisal bias by Ashley Jelinek, Chief Operating Officer. April, 2023.Appraisal bias represents a significant source of regulatory, legal, and reputational risk to every mortgage lender. Here are the steps lenders can take to ensure their borrowers are getting fair and unbiased appraisals, and to protect themselves from the negative consequences of

CSS Talks Appraisal Management With Valley Bank’s Director of First Mortgage Operations How would you describe your experience working with CSS? “When you’re trying to work with a partner on the AMC side who’s supposed to be working with the appraiser, the last thing you want is a game of operator. I think the best

Hybrid Appraisals: A Viable Alternative to Traditional Appraisals? by William Janke.   March 30, 2022 Hybrid appraisals have become more prevalent and accepted by the lending industry as an alternative to traditional appraisals. Benefits to lenders and consumers include quicker turn times and reduced cost. So, what exactly are hybrid appraisals, and why are they

Home Savings Case Study Founded in 1889, Home Savings & Loan (HSL), now known as Premier Bank, has always been committed to developing long-standing relationships with local residents and businesses by providing a full range of retail and commercial banking products and services to exceed expectations. For HSL, managing two separate locations — and processes