Appraisal Buzz

OCTOBER 18, 2021

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? That is unfortunate and disingenuous.

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Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Aslan Home Lending. Planet Home Lending. Class Valuation. The post Introducing the 2021 HW Insiders appeared first on HousingWire. Chris Favilla. Head of Operations. Executive Vice President of Administration. Howard Hanna. David Sheeler. LoanLogics.

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Technology Human Resources Finance Retail 432

Housing Wire

APRIL 11, 2022

Nonbanks and mortgage subsidiaries of chartered banks saw a big dip in profitability in 2021 amid rising interest rates, lower refinance originations, and higher expenses. The average production profit went from 157 basis points in 2020, a record high, to 82 basis points in 2021. Presented by: Acra Lending. billion in 2020.

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Appraisal Buzz

SEPTEMBER 20, 2021

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. This was originally published on hoskingappraisalgroup.com here. So what’s the consensus, you ask?

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Housing Wire

AUGUST 16, 2021

It also represents a gain on the $49 billion originated in the first quarter of 2021. And UWM’s gain-on-sale margin slipped to 81 basis points in Q2 2021, down from 243 bps a year ago and 219 bps in the first quarter of 2021. UWM also experienced a decline in the valuation of mortgage servicing rights to $260.51

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Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

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Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. Rocket Mortgage , America’s largest lender, made its debut in the summer and is now trading at a $45 billion valuation.

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Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9

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Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency.

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Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

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Housing Wire

AUGUST 5, 2021

The 30-year fixed-rate mortgage dipped back to where it stood at the beginning of 2021, and the 15-year fixed remained at its historic low. Mortgage rates have stayed stubbornly low, barely exceeding 3%, defying predictions that 2021 would bring a return to higher levels. Presented by: Black Knight.

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Mortgage Valuation Housing Market Renovations 529

Housing Wire

APRIL 21, 2021

Temporary flexibilities related to employment verification, condominium project reviews, and expanded power of attorney are being allowed to expire as scheduled on April 30, 2021, the FHFA said. The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021.

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Housing Wire

AUGUST 30, 2022

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

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Tools Lending Valuation Technology 435

Housing Wire

SEPTEMBER 24, 2021

The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams. Ocrolus has onboarded over 75 corporate team members in 2021 and plans to hire even faster in 2022.

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Technology Valuation Lending Investors 422

Housing Wire

NOVEMBER 29, 2022

The report, issued by “fairness-as-a-service” solution firm FairPlay AI , was based on a study of more than 350 million mortgage applications from 1990 to 2021. in 2021 from 1990. in 2020 and 2021, up from 78.4% In 2021, Black homebuyers in these states were approved at 69% of white mortgage applicants.

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Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 billion public valuation for LendCo when it goes public.

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Housing Wire

MAY 25, 2021

Combined with our newly acquired capabilities such as RON, a notary network and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide customers with end-to-end mortgage services and solutions.”.

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Mortgage Valuation Loan Officers Retail 435

Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. In May 2021, Snapdocs raised $150 million in a Series D funding, led by Tiger Global, bringing its valuation to more than $1.5 billion and its total funding to $260 million.

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Mortgage Technology Lending Valuation 370

Housing Wire

APRIL 6, 2023

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” I think not many people understand how this byzantine system works,” Chopra said. housing market in the future.

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Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Who even knew about desktop valuations or evaluations? Understanding what drives interest rates should be of utmost importance to an appraiser that is doing predominately lending work.

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Housing Wire

APRIL 27, 2021

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. Emanuel Cleaver (D-MO) and Rep. A 2018 study from the Brookings Institute found that in the average U.S.

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Appraisal Valuation Design Real Estate 397

Housing Wire

APRIL 20, 2021

The MBA fears that limit could be an issue for lenders given the higher activity in those loans since the start of 2021. “It ” Fercho, the head of home lending at Wells Fargo, asked Calabria about the 7% hard cap and what stakeholders can do now before any new amendments are put into place. Those forbearances peaked at 2.1

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Finance Investing Lending Legal 531

Housing Wire

JULY 29, 2021

Mortgage rates have rarely exceeded 3% this year, despite predictions that 2021 would bring a return to higher levels. How fine-tuning MSR valuations can help lenders improve decision-making. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability.

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Mortgage Valuation Investors Housing Market 448

Housing Wire

MARCH 22, 2022

Nonbanks and mortgage subsidiaries of chartered banks reported grim profitability figures in the fourth quarter of 2021, when costs reached a new high and margins fell to the lowest level since early 2019. Servicing operations benefited from slower prepayments and low delinquencies that helped boost mortgage servicing rights (MSR) valuations.

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Valuation Mortgage Lending Marketing 459

Appraisal Buzz

NOVEMBER 3, 2021

Joan Trice, Founder and President of the CRN states, “gross living area (GLA) is one of the most important inputs in a valuation report. ANSI Z265-2021 has been developed by experts working at and in conjunction with the NAHB. Valuation professional application samples of unique properties. Technology impacts.

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Appraisal Buzz

JUNE 10, 2021

Clario’s growth is unprecedented, expanding from 30 staff appraisers in 2019 to over 100 by the end of 2020, and is on target to employ 180 staff appraisers by the end of 2021. We specialize in real estate valuations for the mortgage lending and financial services industries. RENO, Nev. — Clario Appraisal Network, Inc.,

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Appraisal Valuation Training Real Estate 370

Housing Wire

SEPTEMBER 10, 2021

Orchard , which operates a home-buying and selling platform, announced it has raised $100 million in Series D funding at over a $1 billion valuation. It also launched its lending division, Orchard Home Loans, in July. It also launched its lending division, Orchard Home Loans, in July. North Carolina and Texas.

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Housing Wire

AUGUST 26, 2021

Stewart has been on an acquisition tear in the past 18 months, closing deals to acquire over a dozen companies — including Cloudvirga , NotaryCam , Pro Tek Valuation Intelligence , United States Appraisals , and A.S.K. It claims to have more than 3,000 customers in lending and real estate. Services , just in March. million at $3.50

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Housing Wire

DECEMBER 5, 2024

Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. Under the Dodd-Frank Act and Truth in Lending Act (TILA), lenders must use independent, state-licensed appraisers to avoid conflicts of interest.

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Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

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Housing Wire

OCTOBER 4, 2022

The RFI, published in the Federal Register, asks questions related to the current availability of small mortgage financing, barriers and disincentives to small mortgage lending transactions, as well as changes to policies or processes that would encourage more origination of such products. The FHA will be soliciting feedback through Dec.

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Housing Wire

DECEMBER 2, 2020

Blackstone Group -controlled Finance of America posted record margins and originations in the third quarter , ahead of its public offering via a blank check company in 2021. billion of it coming through its forward-lending arm. billion valuation. The company funded $9.17 billion in the third quarter, with about $8.5

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Finance Lending Retail Valuation 327

Housing Wire

JULY 14, 2022

Originations decreased 45% in comparison with the second quarter of 2021. JPMorgan ’s home lending net revenue reached $1 billion in the second quarter, down from $1.3 billion in the same quarter in 2021 and $1.2 billion in the same period of 2021. billion in the previous quarter of 2022.

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Mortgage Retail Valuation Lending 418

Housing Wire

AUGUST 17, 2022

The partnership with Palantir, co-founded by Peter Thiel, appears to be an attempt to resuscitate a company that not long ago was hailed as being at the vanguard of innovation in the digital lending space, but more recently has been exposed by a lack of reliable purchase business and a series of self-inflicted scandals.

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Investors Valuation Brokerage Mortgage 448

Housing Wire

MARCH 4, 2021

How hybrid title and valuations help increase lending efficiency. This is the first acquisition of 2021 for Stewart after it acquired NotaryCam and five other companies in 2020, expanding its workforce by more than 600 employees. Streamline by combining services. Presented by: Altisource.

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Valuation Lending Sellers Technology 417

Housing Wire

SEPTEMBER 9, 2021

How fine-tuning MSR valuations can help lenders improve decision-making. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. Mortgage rates have struggled to reach 3% for most of 2021, despite predictions.

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Mortgage Valuation Home Value Inventory 493