Housing Wire

JULY 9, 2021

So much of life radiates from both the location and the valuation of the house a family occupies. The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences. Of these, one stands tall: valuation.

Real Estate 476

Real Estate Business Valuation Technology 476

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Appraisal Buzz

JUNE 7, 2021

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Register to receive the full recording in your inbox as soon as it’s over!

Training 366

Training Reconsideration of Value Valuation Appraisal 366

Housing Wire

JUNE 30, 2021

PCV Murcor is one of the nation’s leading valuation management companies. The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. PCV Murcor’s unique approach.

Clients 397

Clients Valuation Real Estate Appraisal 397

Birmingham Appraisal

DECEMBER 17, 2024

Tips To Ensure a Successful Appraisal When it comes to the home appraisal process, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations.

Appraisal 75

Appraisal Easement Real Estate Agent Valuation 75

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Many allegations related to appraisals that used inappropriate comparable sales that were used to “make” a deal work.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

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.”. million, an increase of $215.6

Mortgage 435

Mortgage Valuation Loan Officers Retail 435

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.

Appraisal 227

Appraisal Appraisal Process Valuation Loan Officers 227

Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience.

Modernization 369

Modernization Technology Valuation Real Estate Agent 369

Housing Wire

OCTOBER 6, 2020

Part of the reason efficiencies from the emerging digital mortgage did not, and still have not, fully translated in the back-office is due to the trust that comes along with the wide-adoption of any new technology. Borrowers were not comfortable turning over their credentials to loan officers or processors. Collateral Valuation.

Technology 476

Technology Mortgage Investors Investing 476

Realtor

SEPTEMBER 13, 2023

-Oxford-/iStock The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisal comes in significantly lower than the accepted offer. The loan officer writes an appeal using the new comparables and then sends it to the appraiser.

Appraisal 188

Appraisal Sellers Real Estate Agent Valuation 188

Housing Wire

APRIL 1, 2024

However, during the company’s valuation process, when financial professionals reviewed its books, discoveries of aviation purchases led him to confront Kortas, resulting in his termination as president of NEXA, Grella added. billion in mortgage loans in 2023, according to Kortas. But that’s not the case for the aviation business.

Brokerage 445

Brokerage Business Loan Officers Legal 445

Housing Wire

OCTOBER 4, 2023

Top recommended AI application ideas included compliance, underwriting and property valuation. About 22% of surveyed lenders responded they started deploying AI or ML on a limited or trial basis, a jump from only 13% in 2018. Lending institutions included mortgage banks, depository institutions and credit unions.

Technology 434

Technology Lending Valuation Mortgage 434

Appraiserblogs

OCTOBER 11, 2022

Loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify for so-called appraisal waivers… It feels like Ground Hog Day all over again. Dozens of loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify. That was in 2016.

Appraisal 144

Appraisal Loan Officers Law Mortgage 144

Housing Wire

SEPTEMBER 8, 2023

It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. Loan officers dread having to email an appraisal firm for the report they’re waiting on. How many voice mails does your team leave for Realtors, consumers, lenders or appraisers on a daily basis?

Real Estate Agent 414

Real Estate Agent Real Estate Project Management Agents 414

Housing Wire

NOVEMBER 8, 2021

There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle. I think we have some outdated stories and some urban legend stuff around VA loans,” said Wisnom, who is based out of Annapolis, Maryland, home of the U.S. Terms are also really important.

Clients 418

Clients Agents Buyers Sellers 418

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. THERE’S A LOT OF CARPING GOING ON.

Housing Market 367

Housing Market Marketing Reconsideration of Value Appraisal 367

Housing Wire

OCTOBER 7, 2020

Its Enterprise Solutions group includes title and closing service providers WFG Lender Services, WFG Default Title Services and Valutrust Solutions, a national appraisal management and property valuation provider. Another important landmark in 2015 was the addition of WFG Board Member Steve Ozonian as president and CEO.

Real Estate 370

Real Estate Insurance Technology Loan Officers 370

Clear Capital

OCTOBER 16, 2024

The launch of the Product Portal decreases the time it takes for users to receive a reliable valuation, as well as analytics products, to aid them in their decision-making process. This is another step forward for us as we work to reduce friction in the valuation process for all industry players.”

Valuation 69

Valuation Tools Investors Inspection 69

Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. When a sale is involved, the valuation may be lower than contracted price.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Reconsideration of Value Mortgage 78

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

Appraisal 98

Appraisal Inspection Appraisal Process Real Estate Agent 98

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. To read the report, click here My comments: Read the appraiser sections in the long report. This is up sharply from 27 percent last year.

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Realtor

DECEMBER 15, 2016

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. What appraisers do. But never fear.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. What appraisers do. But never fear.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Birmingham Appraisal

FEBRUARY 8, 2023

All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not.

Realtors 86

Realtors Appraisal Market Value Real Estate Agent 86

Appraiserblogs

JUNE 27, 2023

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is supposed to prioritize the interests of the borrower above all else. appeared on Appraisers Blogs. After all, who doesn’t want to close more deals in less time? But What About Fiduciary Duty?

Inspection 112

Inspection Loan Officers Appraisal Investing 112

Portland Appraisal Blog

DECEMBER 28, 2018

It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals. While most participants in the industry will concede an appraisal is still the gold standard for collateral valuation, they increasingly see the appraisal as something to be steered around or avoided altogether.

Valuation 78

Valuation Appraisal Loan Officers Real Estate 78

Genworth MI Blog

JULY 13, 2023

Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. This is true for appraisals, too. Recent trends are surfacing, and more instances of hybrid appraisals are changing how appraisals are conducted.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . At Simonson Appraisals, our team works tirelessly to ensure those worries are needless. This allows us to continue to deliver well-reasoned and credible appraisal reports.

Lending 148

Lending Construction Tenants Real Estate 148

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

McKissock

APRIL 16, 2021

With home-sale prices hitting a record high, the appraisal gap has created friction among agents, lenders, and appraisers. Appraisal waivers have exploded during the COVID-19 pandemic. The President of The Appraisal Foundation discusses the foundation’s outlook for 2021. Read on for more appraisal news and insights.

Housing Market 59

Housing Market Appraisal Marketing Real Estate Agent 59

Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. What if the home I love doesn’t meet these standards?

Buyers 78

Buyers Inspection Loan Officers Real Estate 78

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

How to Choose a Real Estate Appraiser? An appraisal is a professional appraiser’s unbiased and impartial opinion of value based on the condition of the property, prevailing real estate prices and other factors. The important questions are about education and licensing, relevant experience and appraisal methodology.

Real Estate 36

Real Estate Appraisal Valuation Loan Officers 36

East Coast Appraisal

SEPTEMBER 12, 2022

If your home loan still has PMI attached, you might wonder when it's time to schedule an appraisal to remove it. . Under typical mortgage terms, PMI remains in effect until the loan balance reflects . To remove it earlier, you'll need to have the house appraised and submit a formal request. 80 percent. contact us.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

AmeriMac

MARCH 15, 2024

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 appraisal process.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

MAY 12, 2023

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years.

Appraisal 52

Appraisal Architecture Business Contracts 52