Tag Archives: Appraisals

Quicken Loans said Tuesday that appraisers' home value estimates came in an average 0.18 percent higher than homeowners' estimates last month. The difference marks the narrowest gap between opinions since September 2013, when appraisers' estimates came in higher than homeowners' for the first time in seven years.

Using data drawn from tens of thousands of appraisals nationwide, Quicken Loans reported a 0.74 percent month-over-month drop in its Home Value Index (HVI) last month. Bob Walters, chief economist for Quicken Loans, said it would be a mistake to put too much emphasis on a slight monthly decline.

Quicken Loans' Home Price Perception Index, a measure of the gap between appraiser and homeowner opinions of home values, shows appraisers' home value estimates were on average 1.56 percent higher than homeowners nationally.

Valuation Partners, a Texas-based national appraisal management firm, announced it has successfully integrated with LendingQB's loan origination system, creating a seamless, more streamlined appraisal report process.

LRES, a valuation and asset management solutions provider headquartered in California, has successfully connected its DirectConnect integration hub with Exchange, an electronic provider network offered by Black Knight Financial Services' RealEC Technologies division.

Based on appraisal data from around the country, Quicken Loans reported Tuesday that home values were up 2.03 percent from September to October. At the metro level, values were up month-to-month in 15 of the 27 largest markets.

The executive board of directors for the National Appraisal Congress (NAC) came together this week in Washington, D.C., to discuss pressing issues facing the residential valuation and appraisal industry.

Nationwide valuation and review services company Allstate Appraisal, based in Chicago Heights, Illinois, and computer-aided appraising technology pioneer Bradford Technologies, based in San Jose, California, announced the launch of Valuation Express, a desktop appraisal product that incorporates third-party property inspections.

According to Platinum Data Solutions, a collateral valuation technology provider, more than 17 percent of appraisals on purchase transactions report a value less than that of the contract price. Platinum Data CEO Phil Huff said the findings point to two possibilities.

Global DMS, a provider of Web-based compliant valuation management software, announced the launch of Appraisal Tracking On Mobile (ATOM), a new app designed to improve appraisers' field productivity by enhancing their ability to communicate and access information.