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The Future of Appraisal: What to Expect in 2025

Valligent’s COO, George Paquette, recently shared his thoughts in an article from Valuation Review about the year for appraisals in 2024, as well as the expectations for the appraisal industry in 2025. Learn more about the advancements made in the last year that are paving the way for appraisals moving forward!

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The Rise of Virtual Home Inspections in Property Valuation

Remote property inspections and valuations are revolutionizing real estate by enhancing efficiency, reducing costs, and expanding accessibility. Learn how technology and evolving consumer preferences drive this transformation, enabling lenders to serve clients faster and smarter while supporting sustainability and inclusivity in the housing market.

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Valuation Review: Appraisal Technology Report

In the real estate valuation industry, using innovative technologies is crucial for efficiency and productivity. Valuations Review’s latest report features insights from industry leaders like Valligent’s George Paquette, emphasizing the role of technology tools in enhancing valuation accuracy.

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5 Ways Lenders Can Support Homeowners with Virtual Valuations

Lenders can support homeowners in virtual valuations by educating them on the process, providing guidance on property preparation, organizing necessary documentation, facilitating communication with appraisers, and offering ongoing support. These steps ensure a smooth and accurate virtual valuation, enhancing efficiency and effectiveness in the real estate appraisal process. Learn more in our blog.

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Highlights from the May 2024 OCC Project REACh Summit

Learn what steps were addressed at the 2024 Project REACh Financial Inclusion Summit to remove obstacles and create equality in the financial system for underserved and minority populations. Special purpose AMCs, Community Land Trusts, and AI integration were just some of the topics discussed to minimize barriers in the financial system.

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Why Mortgage Lenders Should Work with Appraisal Management Companies

Discover why Mortgage Lenders should partner with Appraisal Management Companies (AMCs) for reliable property valuations. AMCs ensure regulatory compliance, access to a network of vetted professionals, and use innovative technology for accurate appraisals. They save lenders time and money by managing the appraisal process efficiently, making them crucial for streamlined and compliant real estate transactions.

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Veros and Valligent Applaud FHA’s and the GSEs’ New Reconsideration of Value Guidelines

In a significant move towards fairness and transparency in the housing market, the U.S. Department of Housing and Urban Development (HUD) and the government-sponsored enterprises (GSEs) have introduced new reconsideration of value (ROV) guidelines. Announced on May 1, 2024, these updates enable borrowers to request reassessments of their property’s appraised value if they suspect inaccuracies or biases. The new HUD policy (HUD No. 24-096), effective September 2, 2024, and updates from Fannie Mae® (SEL-2024-03, B4-1.3-12) and Freddie Mac® (Bulletin 2024-6), effective August 29, 2024, establish clear frameworks for lenders to handle borrower initiated ROV requests.

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