Housing Wire

JULY 13, 2021

If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. Companies ranging from small credit unions to large mega-servicers can benefit in multiple ways from having a detailed MSR valuation embedded in their daily processes.

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Valuation Tools Technology Lending 459

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. To that end, the GSEs will accept alternative forms of employment verification, including a recent paystub, to ensure lending can continue.

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Housing Wire

MAY 2, 2021

One of the first steps in determining a property’s value is the use of an Automated Valuation Model (AVM). Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle. With that said, not every AVM is created equal.

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Valuation Home Value Lending Technology 382

Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Because if the Fannie Mae trend continues, you won’t have any of that business in the future anyway.”

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Housing Wire

FEBRUARY 8, 2024

He has experience building direct-to-consumer channel products and businesses from scratch,” Bill Greenberg, president and CEO of Two Harbors, said in an interview. “We ” Two Harbors’ origination business will hedge its servicing portfolio of $216 billion in unpaid principal balance (UPB) as of Dec. 31, 2023. “We

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Appraisal Buzz

DECEMBER 20, 2021

Without accurate collateral valuation, lenders could not properly underwrite new loans. The impact on the appraisal business lasted all year. The appraiser’s standard is still a valuation that is believable, regardless of whether they get access to the interior of the property or not.

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Valuation Inspection Appraisal Lending 367

Housing Wire

MARCH 21, 2022

The fundraise more than doubles Tomo’s valuation to $640 million. We are maniacally focused on improving the purchase mortgage experience and have never been distracted by the temporary profits of the refi business. million seed round for its Canadian real estate valuation platform. Startup HonestDoor also raised a $2.2

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Valuation Real Estate Agent Real Estate Investors 397

Housing Wire

OCTOBER 14, 2020

Though its earnings were disappointing overall, residential lending at Wells Fargo rebounded in the third quarter, both in terms of income and origination volume. billion in income from its residential lending operation, up from $317 million in the prior quarter. In all, Wells Fargo collected $1.6 Gloomier times could still be ahead.

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Housing Wire

OCTOBER 13, 2020

billion in revenue from its home lending division in the third quarter, according to the investor presentation. The mortgage servicing valuation also rose 3% from the prior quarter, with the carrying value inching up to 66 basis points from 64 basis points in the second quarter. 30 had a total of $28.5 billion on June 30.

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Housing Wire

MAY 14, 2024

Atlas VMS , the appraisal and valuation company led by Erik Morin , announced this week the appointment of Joe Pravettone as chief appraiser. Joe’s unparalleled expertise and proven leadership will be instrumental in advancing our mission of delivering exceptional valuation management services to our clients.“ “I

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Appraisal Valuation Retail Clients 459

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. Isn’t this just good business practice anyway?

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Business Appraisal Real Estate Agent Lending 393

Housing Wire

NOVEMBER 1, 2023

Voxtur primarily serves real estate finance providers and specializes in broker-price opinions (BPOs), alternative valuation methods and traditional appraisals. The timing of the acquisition will enable the combined businesses “to support default and servicing lenders during an expected period of growth,” Doman added.

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Appraisal Valuation Clients Real Estate 448

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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Valuation Retail Mortgage Lending 458

Housing Wire

NOVEMBER 15, 2021

Kennedy landed a job at American Savings Bank , later acquired by Washington Mutual , and he helmed the company’s fledging Alternative Valuation Business Unit. This is not a problem with valuation models,” said Matt Woods, CEO of real estate consulting service Sold.com. This is a Zillow problem.”. What’s different about Zillow?

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Valuation Clients Lending Real Estate 448

Housing Wire

MAY 2, 2024

An announcement on Thursday from HUD and a new Mortgagee Letter (ML) published Wednesday by the FHA clarifies that the policy applies to all Title II single-family programs, including the Home Equity Conversion Mortgage (HECM) reverse lending program.

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Reconsideration of Value Appraisal Mortgage Valuation 468

Housing Wire

AUGUST 4, 2021

Glenn Stearns, founder and CEO at Kind Lending. The tax benefit primarily comes from a release of a valuation allowance, according to a footnote in eXp’s Securities and Exchange Commission filing. The joint venture announced this July is called Success Lending , and it is slated to get off the ground in October.

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Lending Brokerage Valuation Agents 418

Housing Wire

JANUARY 20, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. MBA Chief Economist Mike Fratantoni and MCT COO Phil Rasori outline the different business cycles and how lenders can set a foundation of resilience to changing markets. Hosted by Mortgage Capital Trading.

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Mortgage Marketing Valuation Lending 448

Housing Wire

APRIL 20, 2021

With this integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs and appraisers directly through the ICE platform.

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Mortgage Valuation Technology Lending 418

Housing Wire

AUGUST 3, 2021

The blockchain revolution may soon be coming to mortgage lending. billion in venture capital , ended created a lending business out of need so it could begin the process of blockchain adoption, Cagney said at the time. In May, it announced the closure of a $200 million Series D fund raise, giving it a valuation of $3.2

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Mortgage Architecture Lending Technology 516

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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Finance Lending Retail Valuation 505

Housing Wire

JUNE 7, 2022

Add to those challenges increased competition in a rising interest rate environment that is choking off refinance business, driving overall mortgage volume down significantly. The post Are these factors creating chaos in your mortgage lending ops? The servicing platform can place the orders easily enough, but then what?

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Lending Mortgage Technology Modernization 393

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 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

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Technology Development Real Estate Valuation 476

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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Lending Valuation Business Technology 370

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. This is the second acquisition for Accurate this year.

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Valuation Technology Inspection Investing 435

Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Tools Valuation Inspection Investors 418

Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. It may benefit you and your business to stay updated on policy as it relates to the appraisal profession. Who even knew about desktop valuations or evaluations?

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Appraisal Inspection Lending Business 435

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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Law Valuation Legal Government 448

Appraisal Buzz

OCTOBER 14, 2024

As all lenders have “skin in the game” on every loan, rigorous quality control across the lending lifecycle is imperative. Meanwhile, incomplete or inaccurate information can lead to faulty lending decisions that put lenders and their AMCs at risk. Here’s where computer vision proves its mettle.

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Valuation Technology Renovations Appraisal 368

Appraisal Buzz

MAY 6, 2024

Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. He has led complex business projects and integrations for mergers and acquisitions. Johnston is an experienced industry veteran.

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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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Insurance Lending Valuation Real Estate Agent 418

Housing Wire

MAY 2, 2021

Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states. NAN’s valuation solutions give lenders the chance to evaluate, select and manage appraisers based on their quality and performance.

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Valuation Appraisal Appraisal Process Technology 221

Housing Wire

JULY 6, 2023

The Consumer Financial Protection Bureau (CFPB) released its 2022 Fair Lending Annual Report to Congress last week, which illustrates how it took aim last year at redlining and appraisal discrimination in pursuit of its enforcement and supervision, guidance and rulemaking, interagency coordination, and outreach and education missions.

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Lending Technology Law Valuation 397

Housing Wire

NOVEMBER 3, 2020

Broad in reach and deep in functionality, the PPE manages many core functions in mortgage lending, such as decisive product eligibility and sophisticated pricing strategies, as well as automating the rate-lock process. Support strategic decisions with risk management and MSR valuation solutions. Two industry leaders, one united focus.

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Valuation Tools Clients Mortgage 418

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. Top recommended AI application ideas included compliance, underwriting and property valuation.

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Technology Lending Valuation Mortgage 435

Housing Wire

JANUARY 22, 2021

It officially merged on Thursday with special purpose acquisition company Gores Holdings IV , giving the combined company a valuation of $16.1 “I’m going to be extraordinarily focused times 10 on wholesale mortgage lending,” said Mat Ishbia, whose father Jeffrey founded the company in 1986. Presented by: Black Knight.

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