Sentences with phrase «automated appraisals»

CMHC's automated appraisal system allows for far more rapid real estate price increases than the manual approach (person appraiser) did and does and furthermore CMHC's insurance coverage takes the concern of over-priced homes off of the Banks balance sheets.

The Department of Veteran's Affairs (VA) provided LoanSafe Appraisal Manager (LSAM), a new automated appraisal review tool, to all VA lenders.

On June 12, 2015, The Department of Veteran's Affairs (VA) provided LoanSafe Appraisal Manager (LSAM), a new automated appraisal review tool, to all VA lenders.

Documents obtained by The Globe through numerous Access to Information requests show that the banking regulator, OSFI, is concerned about the «relaxation of valuation policies» by the banks, as automated appraisals have come to dominate.

The concerns about automated appraisals, contained in the documents obtained by The Globe, are only starting to come to the surface.

Human test subjects asked to evaluate authentic and automated appraisals were unable to distinguish between the two.

Perhaps the most potent enabler of the housing bubble was the creation by CMHC of its automated appraisal system, EMILI, in 1996.

Automated appraisals are faster and less expensive when available; however they are not obtainable for all properties.

The other 19 they relied on their automated appraisal system, EMILI, which is about as useless as the «proverbial» on a bull!

Those who qualify for an automated appraisal could save up to $ 500 in fees and make it to settlement up to 10 days sooner, Freddie says.

The Globe and Mail is running a series of articles on the automated appraisal process and EMiLi.