Shaping the future of market analysis

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Today’s post comes from Rebekah Champagne. With nearly two decades of experience in the mortgage industry, Rebekah now serves as one of a la mode's Product Marketing Managers.


You've probably heard by now, Fannie Mae made the official announcement August 7, 2018, that they would no longer require the 1004MC. Most appraisers (and lenders) saw this as a win, as they hated the form from the get-go. Fannie finally agreed but was quick to call attention to the fact that the appraiser will still be required to analyze market and neighborhood conditions. While flawed, the form still came with good intentions — getting true market analysis displayed in appraisals. 

So, what's next? Well, Freddie Mac and the other investors haven't changed their requirements yet. It's been crickets since the big announcement with the lenders too. So even though Fannie said adieu, you haven't quite seen the end of your favorite form. And it's likely most lenders will still require it until an alternative approach has been approved. 

Add visual support to your valuation estimates with Titan Analytics

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There are those clients that, no matter what, are going to have a question about how you reached your opinion of value.  If you're only including textual data, it may be worth adding some charts and graphs to your reports too.  They’re a great tool when trying to prove a point, especially since they do a much better job showing a difference in information.

Titan Analytics takes the headache out of your condo analysis

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When using a third-party analytics tool, you often have to handle the condo section of the Market Conditions form separately.  It's a big-time killer and forces you to export multiple data sets from your MLS or run your analytics software twice. 

Titan Analytics' intelligent mapping makes working with any MLS possible

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If you haven't already heard, Titan Analytics works with any MLS that lets you export data.  That’s true, but sometimes matching all the necessary fields requires your input.  It would be too easy to have consistency with field names across all 600+ MLSs, right?  (Example:  Titan Analytics needs the Closing Price, but your MLS has it labeled as CloseP.

Choose which sections of the 1004MC get filled out automatically with Titan Analytics

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A solid appraisal requires good commentary, which keeps you from getting hit with unnecessary client questions.  With Titan Analytics, you'll be able to fill out the entire 1004MC (excellent commentary included) and add impressive charts and graphs to your report automatically.  If you don't want the automatic commentary included, Titan Analytics lets you choose which sections get added to your report.  

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