This is how residential valuation is changing
Today’s HousingWire Daily interview features a crossover episode from HousingWire’s Housing News podcast. In this episode, Brian Zitin, CEO of Reggora, talks about innovation within his company, as well as changes occurring in residential valuation.
Here is a small preview of the interview, which has been lightly edited for length and clarity:
Sarah Wheeler: Do you think the FHFA is going to be more accepting of hybrid appraisals going forward and is this the tipping point we’ve kind of been waiting for?
Brian Zitin: You know, no one knows. They have lots of data in terms of prior history. These appraisal waivers that happened over the last year, makes us wonder what does that look like in terms of loan effects and costs of losses? It seems like it’s inevitable because any of the changes that have been rolling out, have not addressed the problem in the industry, which is the lack of appraisers joining the market. So, unless there is something introduced, whether it’s some of the things that are mentioned in this RFI, or more embracing of trainee appraisers, there is going to continue to be more and more of a capacity problem, which affects the liquidity of the market and accessibility of financing for folks. So, it seems like it’s kind of hit a head. And, you know, hopefully they’re using this opportunity to accelerate that. I’m bullish that it will signal the new and coming but you know, you never know how the government is going to react, so while I have my fingers crossed, we’ll have to see.
HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.