article thumbnail

Comment on Fannie & Freddie’s AI Appraisal Photo Recognition by Frustrated Appraiser

Appraisers Blog

Why is AI going to be allowed to be “ASSumed” more knowledgeable than an appraiser who actually saw the property with their own eyes? Seems time for appraisers to stop completing FNMA/FRMC work. While a pic can be worth 1000 words, they also can be very misleading. Steamy pile of horse manure.

article thumbnail

Comment on Fannie & Freddie’s AI Appraisal Photo Recognition by Retired Appraiser

Appraisers Blog

It won’t be long before every appraiser is in their 70s. In reply to cassandra. It has already become a side hustle for retirees on social security.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Appraisal for an SBA Loan

Peak Business Valuation

For those eyeing a Small Business Administration (SBA) loan , a business appraisal is key. In this article, we explain how to obtain a business appraisal for an SBA loan. As a certified business appraiser, we conduct hundreds of SBA business appraisals. Peak Business Valuation helps businesses across the U.S.

article thumbnail

Comment on AI to Counter Flawed Appraiser Bias Narrative by Frustrated Appraiser

Appraisers Blog

The Appraisal Institute's public acknowledgement of an obligation to counter "appraiser bias" narratives is an encouraging first step.

article thumbnail

Comment on Leaving the Appraisal Profession by Commercial Appraiser

Appraisers Blog

While I respect your perspective, it’s disheartening to see the challenges faced by seasoned appraisers. The evolution of the industry does present hurdles, but it also offers opportunities for adaptation and growth. Embracing technological advancements and continuous learning might help in navigating these changes.

article thumbnail

Comment on Fannie & Freddie’s AI Appraisal Photo Recognition by Sheri

Appraisers Blog

The borrower is lead through a video inspection on his/her phone by an appraiser sitting at a computer. The appraiser gives the borrower instructions on what to view and the borrower takes video while walking through the property. Too much could go wrong causing the appraiser to spend unnecessary time troubleshooting the process.

article thumbnail

Comment on Fannie & Freddie’s AI Appraisal Photo Recognition by Eric Kretz

Appraisers Blog

Here in Colorado, VA allegedly had a ‘shortage’ of appraisers from 2015 through 2022. Their answer was to hire new (incompetent) appraisers, and then pressure the older and seasoned appraisers to cover the rural areas and different counties they might not cover or be geographically competent in. Interesting.