The 1004/70 appraisal form used for Uniform Residential Appraisal Reports hasn’t been updated since 2005, despite the changes and innovations that have taken place in the mortgage industry and in ...

Traditionally, appraisal reviews have required lenders to have a team of underwriters in place to manually review data to ensure accuracy and completeness. This process is time-consuming and the use ...

Luxury home appraisals now reflect buyer behavior, design priorities, and local market insight as expectations shift in ...

Lenders are facing increasing pressure to modernize their home lending operations, lower costs, and reduce risk following a rapid rise of interest rates and resulting cooling of the housing market.

Appraisal has long been utilized as a tool for resolution of disputes over the amount of loss at issue in property insurance claims. Appraisal was once an amicable, prompt and independent process to ...

In an industry where technology is changing the way we do business minute by minute, one of the most important factors when purchasing a home is done in an archaic fashion. The residential appraisal ...

You have your accepted contract in hand, a closing date, and many things to do before your loan is approved. One of these items is the appraisal, which if not everything works out properly can quash ...

When looking at issues in the mortgage industry, there’s a noticeable number of problems revolving around efficiency. It isn't about having enough appraisers to go around; it's about making them more ...

Explore how racial bias affects home appraisals, leading to devaluation and $156B in losses, and discover proposed solutions ...