Housing Wire

MAY 23, 2023

This gives them an idea of whether they’re being discriminated against in the appraisal process, reducing the risk of appraisal bias — or at the very least, increasing the consumer’s ability to spot if it’s happening to them. It’s information, automation and transparency,” Johnson said.

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Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. And to make that happen, lenders need a solution that streamlines the appraisal process and eliminates potential mistakes. Appraisals are often time-consuming. Jeremy McCarty, Co-Founder and CEO of Valligent.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How do you think about technology and prioritizing what to do next?

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Housing Wire

AUGUST 25, 2022

With recent developments from Fannie Mae and Freddie Mac to pursue a more digital appraisal process that could both speed up the process and remove any unconscious bias from it, it is important for industry professionals across the space to stay at the top of their game. Appraisal Modernization: What’s the end game?”

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Housing Wire

JULY 31, 2023

Jaro was initially developed by Ascent Software Group to streamline the entire appraisal workflow, eliminating the need for redundant steps and external systems. The software meets the industry’s expectations for swift, accurate valuations with compliance checks and compatibility to meet the new and updated appraisal guidelines.

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DataMaster

FEBRUARY 3, 2021

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

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Housing Wire

JANUARY 18, 2023

Both types of initiatives are important, but no one seems to be talking about how we can get more production out of our current set of appraisers. The quickest way to ensure a faster appraisal process is going to be to learn how to work with valuation providers as partners in the process rather than the way most appraisers feel, adversaries.

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Housing Wire

JANUARY 3, 2022

Appraisal management company Clear Capital , in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its photo review product , ClearPhoto. At the moment, the technology is being piloted internally. Presented by: Accurate Group.

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Appraisal Buzz

JULY 15, 2024

I had just returned from college, and back then, there was no appraisal software available. We had to do it ourselves in the beginning, developing our own local software using DOS. That’s how I first got involved in valuation technology. How will these increased data requirements affect appraisers?

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Appraisal Buzz

DECEMBER 6, 2021

A natural reaction to this situation, especially when faced with these statistics, is to try and get more appraisers to enter the industry. But this alone cannot solve the underlying issues with the current appraisal process, such as inefficient workflows and analogue data collection. AMCs Driving Tech Innovation .

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Appraisal Buzz

MAY 13, 2024

Most, if not all of the complaints stem from “low” appraisals being followed by “high” appraisals – ironically, all of these appraisals were performed by appraisers that lived in close proximity of the subject property and were deemed to have geographic competency. appeared first on Appraisal Buzz.

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Housing Wire

JULY 5, 2022

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 two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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Appraisal Buzz

JULY 8, 2024

We have seen new ways of creating the same product, new technologies, new consumer preferences – the demands of time and money have hastened these changes. During this period, the demand for appraisals far exceeded the capacity of appraisers to complete them. Some of these have been around for many years.

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Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). It is imperative to set and adopt a standard that can be applied by appraisers as well as other stakeholders. Technology impacts.

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Housing Wire

SEPTEMBER 8, 2021

Mike Peck, CEO of Pendo, in a statement accompanying the announcement, said Pendo will benefit from Class Valuation’s “scale, resources, technology and innovation platform.” Amid high demand for appraisals in the past 18 months, Class Valuation has sought to use technology integrations to increase efficiency.

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Appraisal Buzz

JULY 29, 2024

Appraisal technology has advanced rapidly over the last decade – making software a must-have for appraisal teams when it comes to their ability to serve clients, run a business, and retain talent. Lucas Rotter: I started my career in 2008 at Colliers where I found the process of writing appraisals to be incredibly inefficient.

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Appraisal Buzz

SEPTEMBER 5, 2022

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. Complexity in Process and Properties. When it comes to lending activity, appraisal revisions have always been a part of the appraisal process. Technologies are moving fast.

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Housing Wire

FEBRUARY 16, 2022

The letter noted that during this period mortgagees and technology service providers are encouraged to continue their integration with and usage of the module for all forward and HECM origination electronic appraisal deliveries. What role does appraisal tech have in creating customers for life? Presented by: Reggora.

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McKissock

FEBRUARY 24, 2023

These include appraisal webinars, job aids, checklists, classes, and much more. Below is a list of five useful appraisal technology webinars available right now in our membership toolkit. By automating daily tasks and processes, you can watch your business grow with real results and analytics. Not yet a member?

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Housing Wire

AUGUST 23, 2022

We have been very active in hybrid appraisal pilots and we have seen the benefit of providing accurate, digital data about the property to the appraiser, which has been crucial to adoption. Like every new process, education, training, and technology are key to success.

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Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? At Voxtur, we are focused on solving legacy industry issues with technology.

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Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. 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.

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Housing Wire

AUGUST 31, 2021

In today’s mortgage industry, many organizations have a unique real estate appraisal process that fits their exact business model. Unfortunately, most valuation management technologies follow a one-size-fits-all approach, making it difficult for mortgage lenders, credit unions, AMCs and appraisal firms to work together.

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Housing Wire

APRIL 30, 2022

“However, for lenders to take advantage of these benefits on behalf of their customers, they need to navigate new GSE requirements, such as ensuring appraisers have access to a digital floor plan.”. Duane Andrews, CEO, Clear Capital. Kenon Chen, Executive Vice President of Corporate Strategy.

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Housing Wire

APRIL 30, 2022

With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves. Before founding Reggora, Brian Zitin and Will Denslow, co-founders, launched a successful real estate brokerage.

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Housing Wire

AUGUST 21, 2023

LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. The company was ranked 351 last year.

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Housing Wire

MAY 2, 2021

With an increased demand for appraisals across the country, the need for efficiency during the appraisal process is greater than ever. Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states.

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McKissock

FEBRUARY 24, 2023

These include appraisal webinars, job aids, checklists, classes, and much more. Below is a list of five useful appraisal technology webinars available right now in our membership toolkit. By automating daily tasks and processes, you can watch your business grow with real results and analytics. Not yet a member?

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Technology Appraisal Tools Real Estate 52

Appraisal Buzz

SEPTEMBER 30, 2024

Saturday afternoon also featured “Creating Credible and Supported Adjustments” , taught by Steve Kahane, which tackled a common issue for appraisers: developing reliable adjustments in the appraisal process.

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Housing Wire

MAY 24, 2022

The main benefit of appraisal modernization, according to the first-quarter sentiment survey , is that it will help shorten the loan origination cycle time. One mid-sized lender echoed the opinion of others that appraisals still take too long. If they can, they want to charge more money for the appraisal.

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Appraisal Buzz

MARCH 21, 2022

Mark Walser : I am a technology and operations executive with 13 years of progressive management in all aspects of AMC operations and technology with various AMCs, and am the President of Incenter AMC. Buzz : What are some examples of new technology and the need for it in the appraisal industry? Buzz : What is RemoteVal?

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

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Housing Wire

MAY 2, 2021

There’s no denying the complexity of the appraisal process. With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience.

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Housing Wire

AUGUST 30, 2022

This has led many lenders to feel overwhelmed by options and lack understanding of how, when and where to best implement new technology. Many leading lenders are first taking time to review their origination processes and then creating clear digital transformation goals. Looking Inward. Looking Forward.

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Appraisal Buzz

FEBRUARY 7, 2022

Part of the reason why there was no perceived measurable risk attributed to this change in process was because of adapted upfront lender controls that were established, creating guardrails on when inspection relief was appropriate. Appraisers rely on standards of practice and processes. Lenders rely on regulation and policy.

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Housing Wire

SEPTEMBER 23, 2021

But in the face of the ongoing epidemic and increasing volume impacting turn times, the industry will need to use technology to remediate these issues. Remote inspections have the power to make homeowners and appraisers more comfortable. Others don’t provide appraisers with accurate enough data. User-friendly for everyone.

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Housing Wire

MARCH 23, 2021

This scarcity catapulted appraisal costs and cycle-times running into three to four weeks in many cases and highlighted the growing need for appraisal modernization, including technological and data-driven solutions and other appraisal alternatives. HW: How does ValueLink technology modernize the appraisal practices?

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