The primary difference between this site and the Appraisers Forum is the absence of a login wall to access all content, and the stance on independent journalism. A substantial portion of content is held behind a login wall at the AF, it’s difficult to find relevant information. The AF is subjected to a constant stream of censorship and content take down requests, something the independent site owner here does not abide.

This Appraisers Blogs site is where serious researchers go to learn about the appraisal industry. The AF is a place to go and ask basic questions, achieve an elementary understanding of the industry and process, spend time chatting, more like social networking than serious journalism and research. This site has a remarkable volume of subscribers, many whom hold key positions throughout several industries. Read count has increased substantially over the years.

A great deal of content which the general public is only recently trying to make sense of, relating to housing availability, affordability, transparent disclosure, and credit access issues, is actually long since detailed to the letter on this site. The level of fraud ongoing in the housing markets and associated access systems has reached truly epic levels. Appraisal modernization!

Another Mercury systems copy cat. ‘reduce biases’. Amc networks and ensuing technology, built upon lies and deception, no need for any of that in the first place. Jaro is one of hundreds of technical software programs developed by Ascent; A british AI focused tech company. They’re exploiting every possible market segment which will allow their presence.

https://www.housingwire.com/company-profile/ascent-software-group/

Trading competency for speed. Trading licensed specialists for better software stats. A 300% revenue increase and 80% better ability for lenders to exercise restraint of trade practices in order to control the appraisers non-independent fee. Putting an entire nations worth of mortgage lending borrowers and home renters underwater in an overpriced over valued housing market pays, and pays very well. Appraisal modernization! All the big amc companies whom defrauded consumers of billions of dollars which caused a hundred thousand licensed professional appraisers to never materialize, and sixty thousand more existing appraisers to boycott their services entirely, they’re all in on this. The fact GSE heads embraced and promoted this. They’re all in bed together, the big con.

https://appraisersblogs.com/lack-of-evidence-appraiser-challenges-discrimination-claims/#comment-43935

How It Works
The lender receives an offer for property data from Desktop Underwriter (DU), along with the value acceptance.
The lender arranges for the collection of property data.
Either the lender or a service provider submits the results of the property data collection to Fannie Mae’s Application Programming Interface (API).

The following service providers have aligned with Fannie Mae for Value Acceptance + Property Data:

Asteroom
Accurate Group, LLC
Class Valuation
Clear Capital
Mueller Services, Inc
Solidify
Service Link
Valuation Connect

What The Future Holds

Appraisals are no longer the default requirement for establishing market value through this latest offering by Fannie Mae. As part of Fannie Mae’s efforts to improve the efficiency and accuracy of the home valuation process, lenders can expect to see a reduction in turnaround times and borrower costs. The long-awaited changes to the valuation process went into effect on April 15, 2023, and are being heralded as a game-changer for the industry. Yet, others remain skeptical about the possible negative impact of relying on inspectors to do the job of trained appraisers.

https://valuelinksoftware.com/value-acceptance-property-data-program-for-lenders

they have already divorced appraisers…but we are still in denial

The two GES’s have recently standardized the submission of these two products to a unified data standard. Providers and tech companies like Jaro, need to meet this standard to submit these reports. To learn more check out our blog on the UPD standard and what it means for the industry.

The introduction of ACE+PDR by Freddie Mac and Value Acceptance + PDC by Fannie Mae marks a significant step forward in modernizing property valuation. These products not only enhance efficiency and consistency but also help reduce biases and address the capacity issues within the appraiser community. Understanding and leveraging these innovative solutions can provide substantial benefits for both lenders and borrowers in the mortgage industry.

https://www.tryjaro.com/blog/property-inspection-products—ace-pdr-and-value-acceptance-pdc-explained

they have waivers but won’t use them for properties in marin city…that is the true definition of bias

thanks…currently i am an outcast of the AF…they do not like or understand the truth

What an excellent document link. Suggest everyone read the entire four page document. Saved that. In the most remarkable turn around, someone on top of the ladder finally wrote a serious piece which did not use the propagandized fictitious terms such as; appraisal bias, disparate impact, or anything of that nature. We could post at least two dozen Appraisers Blogs articles from only the past few years that are directly relevant to this letter.

“Potential for systemic abuse”… Potential nothing. It’s happening right now. Whatever reliability the past ten years or more of CU data represented when they installed the avm and waiver systems became immediately irrelevant as market conditions changed substantially in the same period of time. Will any of the big players dare to tackle the FNMA wholesale disposition program? He highlights the amc industry relationship to PDC programs, by calling for transparent disclosure where the service was sourced from, requesting more detailed information on the program and participants alleged qualifications.

The bright side appears to be that realty agents are questioning the legitimacy of the waiver and pdc programs as well. I remain hopeful that DOGE may be of assistance in saving the residential appraisal industry side which focuses on mortgage lending. There may only be forty thousand such appraisers whom service GSE’s, half of which boycott amc’s across the board, and another forty thousand appraisers whom would return to GSE service to the American consumer were the FHFA, GSE’s, AMC companies, and non profits leeching off this system to be reigned in. That number could easily have been two hundred thousand or more licensed appraisers if not for the havoc the low fee fastest service model imposed by the AMC industry, among other odious rules, regulations, and intimidation campaigns of late. ‘Appraisal modernization’.

Ohio. Thank you and look forward to reading more of your posts here on the blogs.

Dear Director Thompson:

On behalf of the 1.4 million members of the National Association of REALTORS® (NAR), we thank you for your efforts to advance liquidity in the housing finance system over the last four years. However, we respectfully request you halt the planned expansion of Fannie Mae’s and Freddie Mac’s (the GSEs) appraisal waiver programs to entire purchase market in lieu of further analysis and public input. This program poses serious consequences for consumers and the housing finance system and deserves analysis of the quality of valuations, the impact to the market,
consumer protections, impact to the housing finance system, and adverse incentives for Fannie Mae and Freddie Mac and what this means for safety and soundness.

As NAR has previously commented, the equal credit opportunity act (ECOA) requires creditors to provide consumers with any a copy of an appraisal or valuation connected to the application for a loan based on a residential property. ECOA states that the term valuation includes, “any estimate of the value of a dwelling developed in connection with a creditor’s decision to provide credit, including those values developed pursuant to a policy of a government sponsored enterprise or by an automated valuation model, a broker price opinion, or other methodology or
mechanism.”1 Because the GSEs are providing waivers to this important consumer protection as recognized in ECOA, the GSEs should be obligated to provide any valuation they base a waiver on to the consumer since it is used in the credit decision by the originator via the originator’s choice to utilize the waiver.

https://narfocus.com/file/7463

…

Yes Vince, appraisals are good for something but only if they are used by the Client/AMC/lender to determine market value. Most of the”clients” out there don’t want appraisals because they show the true market value. The ONLY way FannieMae/FreddieMac make money is by buying/selling mortgages.

why do they need current data…the borg will self replicate

But they are not using Ind Appraisers?? Current data will run out in 3 months. 😉

the amc is a virus…and it needs a host to survive

no worries…the mortgage broker will estimate value and the CU borg will approve using the independent appraisers data.. they call it appraisal waivers or (value) acceptance. but some borrowers are too risky.

It would appear that minorities have better opportunities than working 70 hours a week to lose $$$ for zero benefits while making $Millions for Middle Management. Go Figure

https://seattlemedium.com/biased-home-appraisals-black-wealth/

Article correction; Everyone except real estate appraisers.

https://www.congress.gov/bill/118th-congress/house-bill/7198?overview=closed

https://www.congress.gov/bill/118th-congress/house-bill/7198/text

https://justthenews.com/government/congress/hold-house-passes-bill-protect-small-businesses-government-overreach-xxx-xxx