Remove Appraisal Remove Mortgage Remove Valuation Review
article thumbnail

ClearValue teams with Restb.ai to bring computer vision to appraisal process

Housing Wire

to bring computer vision to its valuation review platform called Certainty. The companies hope Restb.ai’s technology can help ClearValue’s appraisal review clients improve efficiency and quality control while also reducing costs. general manager of valuations, said in a statement. In August 2023, Restb.ai

article thumbnail

Image Analytics from CoreLogic helps users analyze property images quickly and accurately

Housing Wire

Reviewing appraisal imagery, an essential step in the valuation review process, is time-consuming and laborious. CoreLogic developed Image Analytics to drive innovation in the appraisal review process and help lenders and mortgage industry professionals analyze property images quickly and accurately.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AppraisalWorks™, Clear Capital Announce Partnership to Streamline Appraisal and Valuation Review for Lenders

Clear Capital

AppraisalWorks , Clear Capital Announce Partnership to Streamline Appraisal and Valuation Review for Lenders. Banks, credit unions, loan servicers and mortgage lenders now have access to a suite of tech-enabled products for property valuation.

article thumbnail

California appraiser, Utah AMC facing bias allegations

Valuation Review

District Court for the Northern District of California alleging an appraiser and an appraisal management company showed racial bias in the appraisal of a Marin County property owned by a Black couple seeking a mortgage refinance. Read on for more details.

article thumbnail

Appraisal bias not a ‘new’ problem, DEI officer says

Valuation Review

Valuation Review sat down with CBC Mortgage Agency Diversity, Equity & Inclusion Officer Tai Christensen to discuss a variety of aspects surrounding appraisal bias/disparity. Christensen also gave insight as to why minority applicants are likely to receive an appraisal value lower than the contract price.

article thumbnail

Agencies increase appraisal threshold on high-priced mortgages

Valuation Review

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced the 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500. The threshold amount will be effective Jan.

Appraisal 109
article thumbnail

Reports: A few items for appraisers to consider

Valuation Review

In today’s uptick market, appraisers face a variety of challenges stemming from client expectations and from regulatory agencies. Director of Product Management Jeremy Staudenmaier, from ACI-a First American company, shared a few tips with Valuation Review to pass along to appraisers.