North Dakota Mortgage Appraisals – August 6, 2018 Overview
On August 6, 2018, mortgage professionals in North Dakota examined appraisal standards and market trends at a statewide seminar. Speakers highlighted the unique challenges of valuing rural properties, noting that comparable sales data can be scarce and that energy development has reshaped property values across the state.
Participants discussed how the shale boom and agricultural economy influence housing demand and emphasised the importance of compliance with federal appraisal regulations. New technologies were showcased to improve appraisal efficiency, transparency, and consistency, including automated valuation models and digital documentation tools.
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