Housing Wire

FEBRUARY 7, 2023

The company has 39 active loan officers across its retail branches, according to Modex data. By joining Guild, Legacy loan officers can offer additional mortgage products and specialized loan programs. The distributed retailer’s volume slipped to $2.7 billion in the fourth quarter of 2022 from $4.4

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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. The biggest pain point we hear from our clients is turnaround time,” said Cindy Nasser, COO of PCV Murcor.

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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. Josh : The Annual Compliance Training is designed to meet requirements of clients and regulators.

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Training Reconsideration of Value Valuation Appraisal 366

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

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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. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. The last two years have been good to Christian Dicker.

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Appraisal Buzz

MAY 17, 2021

This left the appraiser wide-open to being a target of “a series of errors” that affected the credibility of the valuation results. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Some appraisers are reticent to address increasing trends now.

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Housing Wire

OCTOBER 7, 2022

HW: How can real estate agents and loan officers collaborate to foster strong relationships with clients despite rising rates? clients closed more than $130 Billion in sales through Buyside, averaging over a 400% ROI. We don’t use bells and whistles, we deliver high-quality results. being brought into existence.

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Housing Market Real Estate Agent Marketing Real Estate 396

Housing Wire

APRIL 30, 2022

It was during this time that the two were exposed to the shortcomings of the appraisal and valuation process and took the initiative to transform it themselves. While Reggora focuses on the future of appraisal and valuation, the founders understand that the best tech isn’t rushed. “We

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Modernization Appraisal Appraisal Process Valuation 369

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The answer is simple: Using modern collateral valuation solutions results in both cost and time savings for the borrower. Why do we need them?

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Housing Wire

AUGUST 4, 2023

Real estate professionals who listen carefully better understand their clients’ wants and needs. They won’t waste time on mismatched properties or investments beyond a client’s reach. This does not mean you should allow clients to walk all over you. Decipher property valuation software for clients?

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Real Estate Agent Real Estate Agents Clients 370

Appraisal Buzz

OCTOBER 3, 2022

According to the Uniform Standards of Professional Appraisal Practice (USPAP), the rules that all professional appraisers are required to abide by, appraisers must take into consideration all market trends and other influences on property value in their valuation opinions. USPAP Rule 1-3 (d) (v) makes this clear.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

APRIL 17, 2023

Selecting vendor partners that care about our clients and help us solve problems. Interestingly, our company gets a lot of insight about what customers want and/or customer issues from our loan officers. Treating our people right. What do we do that other servicers don’t?

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Loan Officers Investors Valuation Real Estate 393

Housing Wire

JUNE 8, 2022

From a client perspective, a fully integrated soup-to-nuts digital offering for mortgage origination and servicing should significantly reduce the cost of originating and servicing a mortgage,” according to an analyst who spoke on the condition of anonymity. I suspect the ever-rising valuation of fintech companies is over for a while.”.

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Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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Real Estate Insurance Technology Loan Officers 370

Housing Wire

AUGUST 23, 2023

Mortgage lenders and loan officers said they are navigating the challenging landscape by going “back to the basics,” which means offering 30-year fixed loans to borrowers with the expectation that they will be able to refinance down the road. to its clients.

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Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

JULY 3, 2024

For instance, we started working with machine learning for automated valuation models back in 2017. At Clear Capital, we started using machine learning for our automated valuation model in 2017. This is especially true for machine learning, since much of the “AI” happens before you really interact with it as a user.

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Training Tools Lending Valuation 432

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. If anything, it’s been one of the most stubborn (and most publicized) blemishes on the image of the entire home-buying process.

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Real Estate Agent Real Estate Project Management Agents 414

Housing Wire

APRIL 30, 2021

In 2021, SitusAMC, a provider of technology and services to the real estate finance industry, acquired ReadyPrice, a mortgage technology company that connects mortgage loan originators (MLOs) and lenders to streamline loan origination. A benefit to brokers and lenders.

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Mortgage Technology Investors Lending 321

Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. An incomplete or incorrect legal description can complicate the appraisers research and lead to errors in the valuation.

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Appraisal Easement Real Estate Agent Valuation 75

Housing Wire

JULY 29, 2024

AI 4 Fairness Single-family refinancing Goal is to increase refinancing opportunities for Black and Latino borrowers by improving their creditworthiness and ensuring fair valuation of their properties. The co-bot would listen in on client conversations and give immediate feedback. Reverses the QC process to happen from the start.

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Tools Training Tenants Property Management 359

Housing Wire

SEPTEMBER 22, 2023

The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time. So, the servicing valuation on those loans is strong, because pre-payments are low. The employment data comes out on a lag basis for brokers and loan officers. Production is in a recession.

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Housing Market Marketing Buyers Investors 476

Cleveland Appraisal Blog

MARCH 30, 2021

However, they are stuck in the middle, trying to please their clients, and at the same time navigate multiple bids and everything that goes with that. Yesterday, the lender sent me some sales that the loan office obtained from the builder, that were supposed to support a higher opinion of value. Good agents know this.

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Housing Market Marketing Reconsideration of Value Contracts 367

Annarbor Appraisal

SEPTEMBER 6, 2020

The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. 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. Limit the number of sales to three if possible. •

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Mortgage Appraisal Appraisal Reconsideration of Value Mortgage 78

Clear Capital

SEPTEMBER 13, 2023

All Clear Capital residential valuations solutions are now available on the latest Encompass Partner Connect API Platform. Encompass enables loan officers to close loans faster, originate more loans, reduce time to close, and create improved borrower experiences. What is Encompass by ICE Mortgage Technology?

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Birmingham Appraisal

SEPTEMBER 15, 2022

Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals.

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Appraisal Inspection Appraisal Process Real Estate Agent 98

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

The references should be current or previous clients, and at least one should be from the community. This is important because loan officers usually have different requirements than individual homeowners. Appraisers normally use in-house databases of recent sales and price trends to compile valuations. Call today!

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Real Estate Appraisal Valuation Loan Officers 36

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? Remember the old mortgage broker days of visiting an office and chatting with loan officers? UPDATED No.

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Genworth MI Blog

AUGUST 31, 2022

Q: How do automated valuation models (AVMs) come into play in the appraisal process? All of these pieces of the appraisal process work together to ensure the lender-client is making a prudent business decision in regard to collateral. Foster : AVMs are a tool that can be used to see if potential comparable sales were overlooked.

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Inspection Appraisal Marketing Appraisal Process 78

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. One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009.

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Appraisal Appraisal Process Valuation Real Estate 36

Birmingham Appraisal

FEBRUARY 8, 2023

If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about. Instead of getting a traditional appraisal, the bank will use an Automated Valuation Model or AVM. An AVM is very similar to a Zillow Zestimate and utilizes computer algorithms to estimate the value.

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Realtors Appraisal Market Value Real Estate Agent 86

Clear Capital

APRIL 1, 2024

Whether you’re starting a home equity program or seeking to enhance your existing program, an automated valuation model (AVM) is a great tool to have in your belt. Home equity lenders provide an option for their clients to convert their growing equity back into debt for cash. Determine tappable home equity for your existing customers.

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Lending Valuation Home Value Design 36

AmeriMac

SEPTEMBER 1, 2021

Instead, it is an independent entity that works with lenders and others who need valuation services. They will also deliver the report to the lender or other client as well. The idea behind this separation is that they do not want the lender to influence the appraiser’s valuation process. Is Using an AMC Required?

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Appraisal Valuation Law Lending 36

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

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Reconsideration of Value Appraisal Real Estate Insurance 74

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” To create new capacity for the industry, new approaches to valuation that are faster and better, and less prone to bias. Interview with Ribbon Co-Founder & CEO Shaival Shah.

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Sellers Agents Real Estate Appraisal 69

Appraisal Today

OCTOBER 14, 2022

Consistent application of both quality control and quality assurance processes for appraisal review may also be in part a reason for improvement, as appraisers have a better understanding of what is needed by their client. I have always collected all the money owed from my lender clients using the collection techniques I write about.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection.

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Appraisal Architecture Business Contracts 52

Housing Wire

MARCH 16, 2022

Gaietto said that in such an environment, LOs may be more susceptible to cyberattacks because they will rush to close a loan quickly and be less mindful of the things that they are clicking. One challenge to assessing how widespread cyberattacks is the reluctance to disclose when an incident has occurred.

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Mortgage Marketing Lending Loan Officers 397