Automated Appraisals Reaches Fannie Mae and Freddie Mac, HVCC, Fixer-Uppers, and More

automated appraisalsFor your reading pleasure this week, we’ve gathered appraisal news from around the web. Now that Fannie Mae and Freddie Mac are on board, are AVMs finally set to replace traditional appraisals? The May 1 anniversary of HVCC has passed; how are appraisers in the field feeling about appraisal pressure. Have you been caught up in the fixer-upper trend? We’ve got guidelines to consider from a valuation standpoint. If you’re like most appraisers, you spend far too much time sitting; don’t let that negatively impact your health. Finally, productivity hacks for any small business owner.

Are automated appraisals finally set to replace appraisers?

Despite gloomy predictions since the 1990s that automated valuation models would replace appraisers, the appraisal profession has been resilient. Is that going to change now that Fannie Mae and Freddie Mac have begun implementing a program where an automated appraisal will replace a traditional one?

HVCC anniversary passes with little acknowledgment

Back in 2007, when more than 60,000 appraisers signed a petition in hopes of relief from appraisal pressure from mortgage brokers and loan officers, the Home Valuation Code of Conduct was eventually born. Its anniversary was May 1, which passed with virtually no fanfare. What does this mean for appraisers who are still feeling the pressure? 

An appraiser’s take on the fixer-upper craze

The popularity of fixer-uppers—buying a property for a low cost and turning it into a dream home—has taken the popular network HGTV by storm. Birmingham appraiser Tom Horn talks about what appraisal guidelines you should consider if you are contemplating such an undertaking.

Curbing the health risks of too much sitting

AppraiserNews and AppraiserHelp have proclaimed May “Appraiser Health Month,” so it’s worth discussing an issue that plagues our overly sedentary society—spending too much time in front of a computer. Often referred to as “the new smoking,” sitting most of the day with too few breaks is bad for your health.

8 useful hacks for running a small business

Running your appraisal business is just like any other small business in that you have to wear a number of different hats. Could you improve your efficiency? Take a look at these tips for increasing your productivity.

 

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