In this episode Phil Treadwell is joined by industry expert Scott Reuter from Freddie Mac to explore the latest appraisal trends in 2024. With their combined expertise, they delve into the evolving landscape of property appraisals, discussing topics such as technological advancements in the appraisal process, the impact of appraisal bias, and the opportunities for new entrants to the appraisal field. This insightful conversation provides valuable insights for mortgage professionals looking to stay ahead in the rapidly evolving market we face.

02:00 - Market Conditions Adjustment

04:50 - An Opinion of Value

07:05 - Appraisal Bias

11:30 - Appraiser Diversity

16:45 - Different Valuation Options

22:30 - Emerging Technology

29:55 - Advice for Mortgage Pros

Episode resources:

Collateral Valuation and Appraisal Resources: https://sf.freddiemac.com/working-with-us/appraisers/overview

Practical Guide for Objective Appraisals: https://sf.freddiemac.com/articles/insights/more-objective-appraisals-a-practical-guide-for-appraisers

Appraiser Diversity Initiative (ADI): https://www.appraisalinstitute.org/the-appraisal-profession/appraiser-diversity-initiative/

Check out Freddie Mac's Equitably Speaking podcast

If you are enjoying the MME podcast, please take a second and LEAVE US A REVIEW, and JOIN our text group: 214-225-5696