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Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. The post Clear Capital launches APIs to make adopting modern valuations solutions easier appeared first on HousingWire.
Prognosticators are already suggesting the mortgage market has recently “peaked.” If the past two decades are any indication, the impending purchase-dominated market will bring discussion of softening margins and higher expenses. There are any number of great solutions coming into the title market or already here.
due to the slowdown in the housing market, according to the firm. Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets.
The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.
The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market. The firm reduced its workforce by about 27%, or about 350 positions, in October following a slowdown in the housing market.
Supply chains involving market supply and demand for the commodities produced by the home builders, local, state, and federal regulations impact the supply chain process. Where demand is out-pacing supply, it creates a supply chain imbalance, which is more commonly referred to as market supply/demand imbalance.
LLR is not a newcomer to mortgage technology or the overall fintech market. As operators in an industry that ebbs and flows on economic conditions, demographics trends and, dare I say, the current mood of the Federal Reserve, these technology innovators are bringing efficiency and elasticity to the market. In 2016 LLR led a $26.5
Clear Capital Expands Relationship with CoreLogic in Support of Modern Appraisal Readiness Clear Capital’s Universal Data Collection product available to be ordered, fulfilled through CoreLogic Valuation Workflow Solutions Reno, Nev. CoreLogic’s Valuation Workflow Solutions power over 1,400 of the nation’s mortgage lenders.
Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management Reno, Nev.
Each API connects directly into existing systems through a single integration for lenders, investors, and system providers, making it easier to adopt and deploy modern property valuation solutions. ” Over the past year, the government-sponsored enterprises (GSEs) have made sweeping changes around modern valuation solutions, and ?? .”
Direct integrations such as AURA equip our customers with market-leading solutions today, and position them for the appraisal and valuation modernization changes being implemented by the agencies.”
This modern framework enables industry participants to integrate with ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology. The AURA Report Summary PDF gives lenders a centralized assessment of risk based on various data and analytics in a cost- and time-efficient manner.
Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. Clear Capital’s automated status updates keep the lender informed in real-time.
From a rich culinary scene to a thriving arts scene, Lafayette combines some of the best elements of the South with a modern perspective. Whether you want an older home with plenty of character or a more modern build, plenty of options are available to make it easy for you to call Lafayette home.
With over 300 years of history to explore and many modern amenities, Baton Rouge is perfect for future homeowners looking for a mix of the past and present. Housing Trends The housing market in Baton Rouge is competitive, with most homes selling in a few months. The average home sells for slightly less than its listing price.
Backed by a vast experience in GSE appraisal modernization, Clear Capital’s ClearInsight+ and Hybrid Appraisal are designed to address each scenario and support a complete Freddie Mac ACE+ PDR implementation among mortgage lenders nationwide. Media Contact: Ryan Hall. Caliber Corporate Advisers for Clear Capital. 949-280-4704. ###.
“Over the past year, we’ve brought new innovations to market and have dedicated ourselves to making real change in partnership with organizations who, like us, care about helping others first. We’re excited to continue this work in the coming years, and hope to inspire others to join us.”. Media Contact: Ross Stevens. 803-549-7529.
Clear Capital products available through the Product Portal include: ClearAVM is one of the highest-rated, lending-grade AVMs on the market, relied upon by investors, lenders and regulators. Local agents and brokers generate a risk summary report that visually highlights factors that could impact a property’s marketability.
It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. Charles kitchen cabinets have been preserved and restored, blending seamlessly with luxurious modern updates like fine wool carpeting in the bedrooms and sophisticated new kitchen and bathroom fixtures.
I have lots of practical tips and marketing advice. With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.8 million price tag.
Today, they are becoming popular to get extra rentals in markets low on housing. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. Some types of non-lender appraisals have little competition, and marketing can be done quickly.
To further support appraisal modernization and enhance data quality and consistency in property data collection, Fannie Mae and Freddie Mac partnered to develop UPD under the Uniform Mortgage Data Program ® (UMDP ® ) , responding to industry feedback requesting market standardization and fungibility.
Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. But for how long? By 2035, they will be between 73 and 91.
= I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. at this time in 2023 (quite optimistic!).
million housing units since 2001. A sliver of a silver lining developed in our still-hot housing market, as King County saw more homes for sale at the end of July than 31 days earlier. However, we are miles from a balanced market, with King County total active listings still 31% fewer than this time last year. million to 6.8
city and it comes only a year after our market experienced a net loss of about 4300 people. Can the housing market cope with rising demand? We need every market-rate and affordable home that developers can produce. It’s the bacon and eggs of the housing market – two staples that are often linked to one another.
Combination of national valuation tech company and innovative proptech startup will accelerate appraisal modernization and further democratize property data and insights. ClearInsight is widely used in national appraisal modernization programs. We’re thrilled with the CubiCasa product, but also with their tremendous team,” Allen said.
Newz: Waivers Increasing, The New URAR: Markets vs. Neighborhoods, Climate Change and Home Values February 7, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA AD: Should I consider this an actual claim? Will I have to pay the same rates as the Oakland hills, which is very high risk and had a major fire in 2001?
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