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These alternative valuation initiatives are a gateway to a modern appraisalprocess, as they reduce origination times, reduce costs and provide a better experience to our borrowers,” said Aqil Ahmed , SVP of operations at ValueLink. The company’s goal is to provide customers with an understanding of every U.S.
“If the Realtor says there are hardwood floors throughout, and the appraiser puts that in the appraisal report and it’s not the case, that’s a problem,” Dicks said. Some have also touted he cost benefits that desktop appraisals could bring. But appraisers, not lenders, assume the liability for producing a complete report.
When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisalprocess. The 10-year Challenge (2009 vs. 2019). In 2009, the average discount from listing was 10.2%.
Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. Source: Inc.
It sent shockwaves through the AMC-types because, in my view, it effectively destroyed their ability to hide how much they are gouging the consumer and how little the appraiser gets from the actual "appraisal fee" (typically less than half). This is why we need consumer protection in the mortgage business.
DataMaster’s proprietary SAAS-based workflow tool helps drive efficiencies in the appraisalprocess by shortening turn times and increasing accuracy via automation, resulting in improved throughput and earning potential for appraisers. Founded in 2009, Class Valuation is headquartered in Troy, Michigan.
Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisalprocess and the values of the various markets and submarkets of commercial real estate?
“Clear Capital is committed to removing friction and reducing turn time from the appraisalprocess through delivering modern solutions within the lenders’ ecosystem,” said Kenon Chen, EVP of corporate strategy at Clear Capital. Our integration with ValueLink allows us to continue to deliver on this commitment.”. About ValueLink.
These alternative valuation initiatives are a gateway to a modern appraisalprocess, as they reduce origination times, reduce costs and provide a better experience to our borrowers,” said Aqil Ahmed , SVP of Operations at ValueLink.
Dan joined Clear Capital in 2009 as a QA Analyst and has consistently risen through the ranks, achieving the role of VP of Product in 2023. During his tenure, he has played an instrumental role in Clear Capital’s work alongside Fannie Mae and Freddie Mac to refine and modernize the appraisalprocess.
NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M Excerpts: The 16,814-square-foot home sits on a more-than-third-acre, lakeside lot.
Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisalprocess.
. “Ensuring quality, transparency and efficiency throughout the appraisalprocess are key factors in moving the industry forward, modernizing processes, and establishing national standards. Clear Capital is proud to be at the forefront of this movement.” ” About ValueLink Software.
Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisalprocess. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. My personal comments: George called me before the first Appraisal Summit on December 9-11, 2009.
” (Chapter 7) This excerpt vividly illustrates the prospective advancements in AI-powered appraisalprocesses. This was in 2009 in the throes of the Great Recession. But in 2009, Simonson bought a house. He began working at age 11 doing part-time jobs, and for 14 straight years his income had increased. “I
A Brief History of the Development and Use of Appraisal Management Companies. In 2009, Freddie Mac and Fannie Mae, government housing lending institutions, the Federal Housing Finance Agency (FHFA) and the New York Attorney General got together to create the Home Valuation Code of Conduct (HVCC).
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