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ere is nothing like a pandemic and life-and-death
consequences to accelerate innovation. is is especially true in the
pharmaceutical and medical field, where scientists are rushing to
develop a vaccine for COVID-19. Surprisingly, it's also true in the
appraisal industry.
As the deadly COVID-19 pandemic
mobilized the country to shelter in place,
immediate action was taken to try and
accommodate the need to keep key sectors
of the economy moving while allowing
people to avoid close contact with each other.
is became very apparent with residential
appraisers and the issue of interior inspections.
e GSEs, FHA, and VA all acted swiftly
and offered appraisers the flexibility of
providing alternative valuations in the form of
a desktop or drive-by appraisal. Interestingly,
they also allowed appraisers for the first time
to use photos and information supplied by
WORKING
AT THE
SPEED OF
NECESSITY
Feature By: Jeff Bradford
