Tag Archives: Appraisals

Estimates about home values among homeowners and appraisers were considerably closer to lining up during the final month of 2017, according to new data released by Quicken Loans. ...

Clarocity Corporation, based in Carlsbad, California, announced Monday that Bill Waltenbaugh is taking on the role of Chief Appraiser at Clarocity Valuation Services. Waltenbaugh brings 30 years of real estate industry experience to his new role, including past experience as a Chief Appraiser and Director of Compliance at several appraisal management firms. “Bill Waltenbaugh is a nationally recognized appraiser, with vast experience in ensuring exceptional appraisal quality and compliance,” said Aleksandra James, President of Clarocity Valuation Services.

On Tuesday the May Quicken Loans National Home Price Perception Index and National Home Value Index was released, showing that while home prices continue to rise, they are not rising as fast as homeowners expect. There are, however, cities, such as Denver, Dallas, and Seattle, where appraisals are higher than what homeowners expect. Philadelphia, Baltimore and Chicago had the largest disparity between appraisals and homeowner expectations.

Significant pressure is weighing on the valuations industry. The landscape ahead is unlike anything the industry has ever faced.

On average, appraisers and homeowners are coming closer to agreeing on the values of homes, continuing a five-month trend.

Under new guidelines, which Fannie Mae-backed loans will be offered a property inspection waiver?

Greg Stephens, Chief Appraiser, SVP Compliance with Metro-West Appraisal Co., offers tips on what to do when an appraisal value is below the sales price.

The appraisal system is complex and outdated, resulting in more lengthy closings and increased costs to consumers, and therefore in need of wholesale changes, according to a Congressional hearing on Wednesday.

Appraisals have become lengthier and costlier since TRID went into effect in October 2015. But a survey of lenders showed that TRID is not to blame.

The issue that has been at the center of debate among banks for some time is whether or not property evaluations are sufficient substitutions for appraisals when determining the value of a home for real-estate-related financial transactions.