Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

Mortgage 476

Mortgage Technology Investing Investors 476

Housing Wire

APRIL 6, 2021

How hybrid title and valuations help increase lending efficiency. It was definitely a rush job! For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. She recently had a deal fall apart due to appraisal. Streamline by combining services. Wow, since when?

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

DECEMBER 13, 2023

Bank contraction In addition to the reduced role of the Fed in the MBS market, the banking industry and other investors also have pulled back from MBS purchases in the wake of financial pressures sparked by rising rates — as well as plans by regulators to tighten bank capital-reserve rules. “I

Mortgage 434

Mortgage Marketing Investors Lending 434

Housing Wire

DECEMBER 13, 2022

They will continue investing in new technologies and lending programs. Pathfinder is a searchable knowledge base that connects an LO with definitive answers, mortgage guidance and process info that can be accessed anytime, from anywhere and on any device. Challenging times bring out two different kinds of lenders.

Technology 418

Technology Clients Real Estate Agent Business 418

Housing Wire

MARCH 7, 2022

between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. Still, the company contends, blockchain technology “is ready to be utilized by counties and that’s definitely needed.”. The average time in the U.S.

Real Estate 501

Real Estate Law Inspection Agents 501

Housing Wire

JUNE 2, 2022

“It takes time for the systems to integrate it, but I definitely think that [blockchain] is the future.” Redwood Trust also is an investor in Point , a non-blockchain-based fractional home-equity lender that provides homeowners with cash upfront in exchange for a contract providing Point with a slice of the homeowner’s equity.

Technology 418

Technology Investing Investors Mortgage 418

Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It AMCs business model is to snare contracts from mortgage lenders, and serve as their appraiser middleman. The value add is compliance, more than anything else,” said Shashank Shekhar, CEO of Arcus Lending.

Appraisal 435

Appraisal Valuation Business Contracts 435

Appraisal Buzz

JUNE 7, 2021

Josh : The course is taken by staff of lending institutions and appraisal management companies and centers on the need for companies to meet or exceed clients’ and regulators’ minimum training requirements. I have also served as the Chair and Co-Chair for the Agency Relations Committee of the Collateral Risk Network.

Training 366

Training Reconsideration of Value Valuation Appraisal 366

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now. Blog post: 9 Ways to Handle Appraisal Pressure.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Appraisal Today

NOVEMBER 8, 2024

Definitely the best practical appraisal advice I have read on new URAR. The Selling Guide is being updated to include these new definitions in the Glossary. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.81 percent from 6.73 percent from 6.77

Appraisal 82

Appraisal Contracts Modernization Clients 82

Simonson Real Estate

JANUARY 25, 2022

The rent control order has very few clear definitions. Lenders want to lend. Some are seeing significant capital contraction in rent control markets. Lenders have pulled back or reduced appetite on lending in Minneapolis and St. No changes to ordinance are allowed until November 2022. The challenges in St.

Marketing 131

Marketing Construction Real Estate Lending 131

McKissock

JUNE 8, 2021

So, what if a client provides a sales contract to the appraiser after the report is completed, and the appraised value estimate is five percent above the contract price? Conversely, what if the contract price was five percent higher than the appraised value estimate? Is the client going to fuss? Not likely.

Appraisal 73

Appraisal Contracts Clients Law 73

D Fritz Appraisals

FEBRUARY 22, 2023

This article will discuss the definition of home equity and taking equity out of your home to buy another house in Canada. This makes it ideal for ongoing projects but may come with higher interest rates than other borrowing forms of borrowing so make sure you understand all the details before signing any contracts.

Investing 129

Investing Real Estate Appraisal Market Value 129

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Part-time is definitely not the norm, but having a second career as an agent is common, according to the NAR member profile. Control your time by time blocking so you can stick to your schedule. Real estate is often a second career.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Portland Appraisal Blog

APRIL 14, 2019

There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. Shortly before the home is set to close a bright light appears in the sky. It’s not fair.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

FEBRUARY 16, 2024

There were definitely adjustments for homes built by famous, widely known, architects. Never use a lending form (such as a 1004) for estate work. Keep the definition of intended users as narrow as possible. Keep your definition of intended use as narrow as possible to describe how your appraisal will be used by your client.

Appraisal 89

Appraisal Contracts Training Architecture 89

Appraisal Today

AUGUST 23, 2024

Lenders rely on reviews to ensure the accuracy and reliability of appraisals before making lending decisions. It was my last review for lending purposes. To read more, Click Here My comment: This is definitely affecting some local real estate markets with homes being rented instead of available for sale. I did not reply.

Appraisal 75

Appraisal Contracts Investors Property Appraisal 75

Appraisal Today

SEPTEMBER 15, 2023

To read more click here My comments: Definitely an appraisal challenge! == GSE FAQs: Appraiser Independence (AIR) (Aug. This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.72

Appraisal 90

Appraisal Real Estate Agent Contracts Real Estate 90

Town & Country Residential Appraisals

AUGUST 8, 2022

USPAP defines the client as “the party or parties who engage, by employment or contract, an appraiser in a specific assignment”. Nowhere in the definition of client does it refer to who paid for the appraisal.

Appraisal 51

Appraisal Clients Contracts Law 51

Appraisal Today

JUNE 28, 2024

The technology has been drifting into mortgage lending reliance for more than a decade because it has been marketed as having the ease of “pushing a button.” Once the appraisal is completed, it is reviewed to ensure accuracy and compliance with lending standards. It has many details and analysis from an experienced appraiser.

Valuation 64

Valuation Appraisal Real Estate Real Estate Agent 64

Appraisal Today

FEBRUARY 9, 2024

to provide a specific definition, which includes: Refrigerators Ranges/ovens Dishwashers Garbage disposals Microwaves Washers and dryers It’s important to note this does not include garage door openers, swimming pool pumps, intercoms, sound systems, and security systems. MORTGAGE LENDING IS VERY, VERY CYCLICAL. By Daniel A.

Appraisal 89

Appraisal Contracts Insurance Construction 89

Appraisal Today

MARCH 15, 2024

In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending. Why today’s slowdown is very different from previous downturns – CovidThe crazy ups and downs in lending in a short period of time had never happened before. This kept appraisers busy. I worked for an assessor’s office then.

Appraisal 77

Appraisal Inspection Modernization Business 77

Appraisal Today

SEPTEMBER 29, 2023

To see the listing’s virtual tour and 45 photos, click here My comments: Definitely a different house for the Napa wine growing area! Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. The vineyards have a wide range of sizes.

Insurance 88

Insurance Appraisal Contracts Mortgage 88

Appraisal Today

OCTOBER 6, 2023

This covers all Definitions, Rules, and Standards. The market area that the property is located in can definitely support the price but does the price truly reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? Very little competition and good fees.

Appraisal 86

Appraisal Contracts Real Estate Mortgage 86

Appraisal Today

AUGUST 25, 2023

And to ensure data procured through RPR can be used in the appraisal process, NAR and RPR have been actively engaged with lending agencies Fannie Mae, Freddie Mac, VA, and FHA to make them aware of this bridge solution for the appraiser community. Never be dependent on the ups and downs of lending again! What does your MLS have?

Appraisal 85

Appraisal Real Estate Agent Agents Real Estate 85

Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? The $425,000 market value opinion is what the property should sell for, under the specific conditions of the definition of market value.

Appraisal 82

Appraisal Business Contracts Real Estate 82

Appraisal Today

DECEMBER 8, 2023

”… Question 2: does the lending industry owe the appraiser a living? Next is, “Does the real estate mortgage lending industry owe the real estate appraiser a living?” That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. percent from 7.37

Appraisal 74

Appraisal Real Estate Contracts Design 74

Appraisal Today

AUGUST 2, 2024

Then, along came accessory dwelling units (ADU), which in some states and cities are messing with established appraisal and lending systems. Conflict With Lending The Federal National Mortgage Association (FNMA) will buy a loan where the single-family home has a single ADU. Ah, the good old days. FHLMC), the VA and FHA. percent from 7.09

Appraisal 82

Appraisal Valuation Law Contracts 82

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Most people know that appraisals need to be completed for lending purposes. But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? When you are a cash buyer you definitely want to get an appraisal.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Appraisal Today

JUNE 7, 2024

It’s definitely a “breath of fresh air” for the AI! == Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! The average contract interest rate for 5/1 ARMs decreased to 6.37

Appraisal 79

Appraisal Insurance Contracts Business 79

Appraisal Today

DECEMBER 22, 2023

This definitely has happened to me. So is a network of contacts in all areas of the real estate industry, not just the lending community. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.83 You keep getting closer, hoping it is not your subject.

Appraisal 85

Appraisal Business Contracts Real Estate 85

Appraisal Today

JULY 12, 2024

Short-term rentals (STRs) and Form 1007 Excerpts: When appraising an STR for conventional mortgage lending, the appraiser must take care to only include the real property in the value, not the personal property or the business/going concern. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.87

Appraisal 75

Appraisal Design Contracts Business 75

Appraisal Today

MAY 10, 2024

On a side note, I’m definitely noticing some familiar agents listing bank-owned homes right now (mostly people who were big REO agents back in the day). In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. the Norfolk, Chesapeake, Portsmouth, and Virginia Beach areas). percent from 7.29

Reconsideration of Value 82

Reconsideration of Value Appraisal Real Estate Insurance 82

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. FHA, VA and USDA will be incorporating this new process for their residential lending Reports in roughly the same time frame as will happen with GSE Reports. URAR Reports! percent from 6.15 percent from 6.41

Property Appraisal 80

Property Appraisal Appraisal Training Contracts 80

Appraisal Today

MAY 12, 2023

Mortgage lending is very, very cyclical. I agree that I would be world-famous and rich if I could predict mortgage lending cycles! The residential lending appraisal business depends on low-interest rates, the same as for loan officers. They are definitely dedicated. If you are reading this, you are a survivor.

Appraisal 52

Appraisal Architecture Business Contracts 52

Patch of Land

OCTOBER 16, 2018

It would be impossible, of course, to state definitively what a potential cooling-off period in the housing market will mean for the average return on a house flipping investment. That is not the case we are seeing; in fact, nationwide we have been experiencing an extensive contraction in the housing supply.

Investing 45

Investing Inventory Housing Market Contracts 45

Appraisal Today

APRIL 1, 2023

Never use a lending form (such as a 1004) for estate work. Keep the definition of intended users as narrow as possible. Keep your definition of intended use as narrow as possible to describe how your appraisal will be used by your client. For non-lending work like estate work, you can use a good, protective engagement agreement.

Clients 52

Clients Appraisal Contracts Business 52