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Veros acquires appraisal management company Valligent

Housing Wire

Valligent, founded in 2003 and led by Jeremy McCarty and Jeff Wickham, provides traditional, desktop and hybrid appraisal services to lenders, credit unions and others. Its bend toward digital valuation services comes during a time of growing acceptance by Fannie Mae , Freddie Mac and the VA to use desktop appraisals and hybrid appraisals.

Appraisal 435
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.”

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SFR or 2 units with an ADU?

Appraisal Today

Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models Mortgage applications decreased 3.9 Driven in part by advances in database and modeling technology and the availability of larger property datasets, AVMs are being used with increasing frequency as part of the real estate valuation process.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. VA Approves Desktops and Exterior-Only Appraisals.

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Originators gear up for the purchase market

Housing Wire

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. The second-lowest LO turnover rate was in 2003, at 31%. Meanwhile, in 2020, LO turnover was the lowest in the survey’s history, at 21%, the MBA found.

Marketing 459
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Tai Christensen to speak at HW Annual Sept. 27-28

Housing Wire

Christensen has 17 years of experience in the mortgage industry, starting her career in 2003 as a contract loan processor for multiple mortgage brokerages in Salt Lake City. In 2008 she began to work with the many American families facing foreclosure due to the Great Recession.

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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

Get a free home valuation for your house and trends in your neighborhood. Year Built: 2003. Overall, right now properties are still actively going under contract. Last year’s number of homes that have gone under contract is still consistent with figures prior to the pandemic and the oil price crash. Zip Code: 77082.