Do you give more weight to some comps than others? TOTAL’s suggested value helps you do this automatically based on the amount of adjustments in the report – or even manually, where you specify the weight each comp gets. Then, TOTAL helps you put a chart and some explanation into your addenda, for better and […]
Recently, Freddie Mac announced that starting July 17, 2022, they’ll transition from offering automated collateral evaluation (ACE) appraisal waivers to offering ACE+ PDR (property data report) for cash-out refinance and certain no cash-out refinance mortgages. You can see the full announcement from FreddieMac on 6/15/22 here: https://guide.freddiemac.com/app/guide/bulletin/2022-13 You can also view the original announcement […]
When you use TOTAL’s weighted average feature to help you with your opinion of value, it’s important – and really easy – to explain in the addendum to the client what you’re doing, and why. Watch this one-minute video to see how it works.
Want to remove an active listing from your comp weighting? What about that comp you included at the behest of the client, or to bracket a feature – but it shouldn’t affect the value? In TOTAL it’s simple to remove a comp from both the weighting and the suggested (weighted) value. Watch this 1-minute video […]
Do you move the most similar sales comps to the lower-numbered slots? Let TOTAL help you do this automatically with a single click. TOTAL gives each of your comps a weight, based on how much you’ve adjusted it. The less adjustment, the higher the weight. And the weight is relative, so as you add, remove, […]
Watch the Q&A session with Joel Baker and Pam Teel from The Columbia Institute as they answer your questions about ANSI ahead of the April 1, 2022 changes. Additional Resources Appraiser’s top 5 ANSI questions answered Fannie Mae ANSI guidelines Method for Calculating standards Sign up for The Columbia Institute’s ANSI Class with Pam
As you’ve likely heard, the GSEs have announced that a new desktop appraisal process will now be an option for some loan transactions as early as March 6th. We anticipate that the volume of these orders will start slowly, but we want you to know that we’re here to support you. The 1004 Desktop form […]
Need to cut out a loft or other negative living area when working on your sketch? You can easily do it while you’re in the field with TOTAL for Mobile. See how in this quick one minute video! Interested in more helpful Tech Tip videos? Click here to see more.
If you spot a data point in MLS, public records, or peer data that is likely to come back to you as revision request, note it in QuickSource for later comment or as a reminder. Watch this 1-minute video to see how.