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A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. An appraiser can adjust ...
The adjustments are made to the recorded sales prices of the houses the appraiser chooses as “comparables” to get a more accurate sense of the value of the house being sold or refinanced.
The adjustments are made to the recorded sales prices of the houses the appraiser chooses as “comparables” to get a more accurate sense of the value of the house being sold or refinanced.
If appraisers are willing to be so bold as to make positive time adjustments to account for market appreciation, then underwriters and investors will also have to be so bold as to accept them and ...
Appraisers don't set the market; they reflect what's happening in the market, according to the Appraisal Institute . That reminder was included in a statement coinciding with the release of a ...
According to a new Case Study released today, appraisers using Aivre now save more than three hours per appraisal by automating time-intensive steps like photo classification, comparable scoring ...