Appraisals and Valuations

Property appraisals were a significant pain point for lenders and borrowers in the pandemic years, attracting the attention of regulators and agencies who sought to make valuations faster and more efficient. Even as rising mortgage rates cooled the pace of home sales and refinances starting in 2022, appraisal modernization efforts picked up steam. In 2023, Fannie Mae updated its Selling Guide to include more options for valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. Today, lenders are relying on technology more than ever before to deliver accurate, timely valuations.

Another area of continued focus is appraisal bias. In 2022, the Biden administration formed the PAVE task force, made up of 13 federal agencies and offices, to combat appraisal bias. Led by HUD, the task force created an action plan the agencies could pursue through administrative action, rather than legislation, and released analysis of its appraisal data. Today the regulators and agencies in the task force continue to pursue a more equitable valuation process.

Top Stories

Appraisal and Valuations News

Guaranteed Rate appoints new branch manager in Atlanta 

Mar 28, 2024By Sarah Marx

Carlos Mata’s hiring is aimed at showcasing the lender’s commitment to Latino homeowners

• Clear Capital extends its partnership with Cherre 

  Mar 27, 2024By Sarah Marx

• Kelly Davids named president of The Appraisal Foundation 

  Mar 27, 2024By Chris Clow

• loanDepot settles appraisal bias lawsuit  

  Mar 26, 2024By Flávia Furlan Nunes

• ICE unveils two new property valuation solutions 

  Mar 18, 2024By Sarah Marx

• FFIEC issues statement of principles for examining appraisal and valuation bias 

  Feb 12, 2024By Chris Clow

• Financial services firm Consolidated Analytics acquires Real Info 

  Jan 23, 2024By Connie Kim

• FHFA analysis finds racial disparity in appraisers’ use of time adjustments 

  Jan 17, 2024By Flávia Furlan Nunes

• HUD: Housing has a role to play in combating the opioid epidemic 

  Dec 08, 2023By Chris Clow

• Clear Capital’s Kenon Chen on appraisal modernization 

  Nov 30, 2023By Sarah Wheeler

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Featured Events

Navigating the future: Clarity in the wake of commission lawsuit settlements 

Mar 22, 2024By Allison La Forgia

Our panel of experts representing different brokerages will discuss the impact of the lawsuits and shed light on how they prepare for the future.

• Steve Murray and Scott Wright on the impact of NAR’s commission lawsuit settlement 

  Mar 21, 2024By Allison La Forgia

Featured White Papers

How investing in a variety of servicing technologies streamlines operational efficiencies 

Dec 21, 2023Published by ServiceLink

As servicers contend with a possible increase in delinquencies, one of their biggest concerns is the cost of compliance. Staying compliant can be costly, and technology can certainly assist in those efforts. Among technological acceleration, how can servicers be sure that they are selecting the right servicing technology partners and tools? They must look at […]

• New AIR requirements – better appraisals through better vendor selection 

  Nov 22, 2023Published by Jaro