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How about “loanconditions”? The post How About LoanConditions? The post How About LoanConditions? Clients only need a value in order to quantify risk. Is this scary? Editor’s Note: This post is an intersection of Modernization and Risk. Historical value may only be relevant to #3.
Appraisers have adjustments for “market conditions” and “sale conditions.” Why not “loanconditions?” Read Part I here LoanConditions. Market conditions, for any particular market, price levels – trend together. The post Is There a LoanConditions Adjustment?
Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. That savings can be passed on to borrowers.” That savings can be passed on to borrowers.”
” Milo is offering a cash-out refinance, a product that allows clients to replace their current mortgages with a new one to take advantage of better loanconditions, such as lower rates and longer terms, and withdraw a portion of the home equity in a lump sum.
Do we need a “loanconditions” adjustment? Loanconditions have nothing to do with ‘financing’ adjustments as we know them! So how might loanconditions affect “market value”? Financing conditions are often related to motivation in sale […]. The post The American Dream and Bias in Loans?
I started in the mortgage industry in 2015, working for large banks that were heavily invested in using technology to simplify the loan process for everyone involved. Ordering an appraisal was as easy as pushing a button.
Like most aspects of an appraisal, things seem easy. Last week, a real estate agent asked me about how appraisers adjust for age. That difference is often reflected in an appraisal report with a condition adjustment or effective age adjustment rather than an age adjustment. That is, until one takes a closer look.
And they typically include intelligent document management tools that leverage automated document classification and OCR so lenders can compare borrower data with their own business rules and clear loanconditions quickly.
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