Appraisal Buzz

DECEMBER 11, 2024

of eligible households received government housing aid in 2021, while 11.2 Technology Barriers: Nearly half (44%) and two-thirds (64%) believe they require smart security features and a medical alert system, respectively, to keep them secure and independent, but broadband access and affordability are still issues. Only 36.5%

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Appraisal Buzz

FEBRUARY 3, 2025

The space shuttle program finally came to an end in 2011, primarily due to its outdated design, aging technology, and its inability to meet the evolving goals of the organization. The primary reasons for this decision are its outdated design, aging technology, and inability to meet the evolving goals of the organization.

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Housing Wire

JULY 23, 2024

Blueprint Solutions , a mortgage technology company that offers income verification tools for the industry, announced this week that it is implementing Fannie Mae ’s Income Calculator into its two primary software offerings. This will help the company’s clients to more efficiently access the Fannie Mae tool, the company said.

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Housing Wire

AUGUST 24, 2020

Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage and audit trails.

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Housing Wire

MARCH 18, 2024

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.

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Housing Wire

AUGUST 6, 2024

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct. The policy — announced in May by the U.S.

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Housing Wire

APRIL 1, 2025

Last year, the office of the departments chief financial officer and its customer and design experience teams undertook an assessment of HUDs website alongside its Digital Experience Working Group, which was comprised of representatives from every program office. HUD has been on a yearslong road to modernize its technology systems.

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Housing Wire

NOVEMBER 6, 2023

Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.

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Housing Wire

MARCH 13, 2023

While the FDIC — an independent government agency that insures bank deposits and overseas financial institutions — declined to comment on Mayopoulos’ role, his career has been focused on financial and legal expertise. Treasury and introducing new technologies to the housing finance system.

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Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Housing Wire

JULY 8, 2021

Lereta’s services are designed to increase efficiency, reduce penalties and liabilities and improve processes for mortgage originators and servicers. LERETA announced last December that it acquired the Flood Determinations Solution from Wolters Kluwer Governance, Risk and Compliance for an undisclosed sum, according to reports.

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Housing Wire

OCTOBER 23, 2020

Guild agreed to settle the federal lawsuit, brought by the Department of Justice , for just under $25 million, the government said Thursday. We also commend the whistleblower for coming forward, exposing these wrongs, and working with the government investigative team.”. It did not admit to any wrongdoing. Presented by: Total Expert.

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Housing Wire

MAY 27, 2022

The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”. The requirement also applies to mortgage lenders, legal experts say.

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Valuation Law Legal Government 448

Appraisal Buzz

JUNE 7, 2024

Mortgage credit availability increased in May, according to the Mortgage Credit Availability Index (MCAI) , a report from the Mortgage Bankers Association (MBA) based on data from ICE Mortgage Technology. The Conventional MCAI climbed by 0.3%, while the Government MCAI fell by 0.1%. The MCAI increased by 0.1%

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Mortgage Government Design Lending 343

Housing Wire

MARCH 26, 2025

This is what happens when you have government by a committee of 900, Cantrell said. NAR noted that the policy is designed to exist in conjunction with CCP, which requires listing brokers to list a property on the MLS within 24 hours of publicly marketing it. It is just classic NAR propaganda.

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Housing Wire

SEPTEMBER 13, 2024

Partial claims are designed to offer assistance to mortgage borrowers who have fallen behind on their monthly payments, allowing them to become current without impacting the terms of their original loan. The proposal would also extend the time frame for lenders to “record partial claim security instruments from 5 to 15 days,” FHA said.

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Insurance Design Agents Mortgage 459

Housing Wire

NOVEMBER 9, 2023

6, informing lenders that they must address quality issues for “fatal data points” before delivering loans to either of the government-sponsored enterprises. The transition is designed to enhance data quality and consistency for single-family loans the GSEs purchase.”

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Design Government Technology Mortgage 435

Housing Wire

JANUARY 5, 2021

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship and more. Effective solutions must be purpose-built for mortgages, rather than adapted horizontal technology. And now HPC, headed by former Federal Housing Finance Agency President Edward DeMarco, is adding its voice to the comments.

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Design Mortgage Technology Construction 421

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

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Housing Wire

JULY 31, 2024

This is a move designed to “create an additional economic incentive to protect Ginnie Mae and taxpayers against a decline in collateral value,” Ginnie Mae explained when announcing the proposal. It’s not going to go away from the government-insured HMBS program,” he said. “It program over time.” It can be the HMBS 2.0

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Development Design Mortgage Insurance 447

Housing Wire

JANUARY 8, 2021

So it’s really designed to support the integrity and appeal of all the eMortgages and reduces and eliminates the burden on providers for individual assessment certification and approval. It’s an industry that spends a considerable sum every year on technology and innovation.

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Development Technology Mortgage Design 482

Housing Wire

SEPTEMBER 17, 2021

This borrower-oriented model could help the industry design a framework for any natural disaster in the future. Most importantly, the CARES Act created a standardized relief program for homeowners with mortgage loans backed by the Government Sponsored Enterprise (GSE) housing agencies (Fannie Mae, Freddie Mac, and Ginnie Mae).

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Mortgage Technology Insurance Government 435

Housing Wire

JUNE 25, 2024

The Consumer Financial Protection Bureau (CFPB) this week announced the approval of a new rule that aims to govern “current and future applications of complex algorithms and artificial intelligence used to estimate the value of a home.”

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Appraisal Real Estate Valuation Law 397

Appraisal Buzz

JULY 11, 2024

He began his career at FHLB in 2013 as an enterprise architect and worked his way up to his most recent role of VP/Director of Information Technology. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide.

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Housing Wire

DECEMBER 2, 2020

Not to be outmatched, the incumbent software providers each updated and launched their own POS to stave off the encroaching technology. The digital POS technology explosion promised to make the loan application process a less confusing and more casual experience for the consumer. The digital point of sale (POS) was born.

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Mortgage Lending Modernization Technology 434

Housing Wire

AUGUST 8, 2023

Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. Through the AURA API solution, technology partners can provide lenders with a consolidated version of all the necessary data to assess the risk associated with an appraisal.

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Appraisal Valuation Technology Investors 370

Housing Wire

AUGUST 2, 2022

KL : One of the most significant benefits of digitization is that it allows mortgage professionals to delegate tasks to technology. For example, in a traditional paper closing, a signer only needs to provide their government-issued identification before completing the transaction.

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Mortgage Technology Tools Valuation 397

Housing Wire

SEPTEMBER 13, 2023

The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging. Two months later, six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations.

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Tools Valuation Inspection Investors 418

Housing Wire

FEBRUARY 4, 2021

Haynes will be joined by HomeBridge ‘s chief diversity officer, Woody White, and CBC Mortgage Agency ‘s director of government affairs, Tai Christensen, to discuss how a mortgage company’s diversity has ripple effects for borrowers.

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Real Estate Technology Valuation Housing Market 370

Housing Wire

DECEMBER 1, 2020

Fortunately, leading-edge technology has your back. They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet. Remote online notarizations were designed to prevent fraud and are much more secure than in-person notaries.

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Law Modernization Technology Legal 435

Housing Wire

MAY 16, 2024

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. the company also announced ChatUWM, an AI-powered search engine that provides instant responses to clients, including guidelines, matrices, lender tools, and technology. 0% down During UWM Live!

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Insurance Agents Real Estate Agent Mortgage 476

Housing Wire

FEBRUARY 10, 2021

White will join Mortgage Banker Association ‘s chief diversity and inclusion officer, Lisa Haynes, and CBC Mortgage Agency ‘s director of government affairs, Tai Christensen, to discuss how a mortgage company’s diversity has ripple effects for borrowers.

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Housing Wire

OCTOBER 7, 2024

More recently, we have seen an extension and expansion of loss mitigation remedies with VASP and related government programs, and on the immediate horizon, many changes to Regulation X. JK: I would say technology continues to be an increased part of the process. HW: How else is Mortgage Connect evolving to meet industry needs?

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Housing Wire

JUNE 22, 2023

Founded by Jillian White , an SRA-designated appraiser with over two decades of leadership experience, the firm offers expertise to non-appraiser stakeholders, including regulators, lenders, and appraisal management companies (AMCs). . This content was generated using AI, and was edited and fact-checked by HousingWire’s editors.

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Appraisal Real Estate Design Tools 370

Housing Wire

JUNE 2, 2022

EscrowTab’s solution is designed to work as close to paper as possible, except better. And because all EscrowTab’s services – DocPrep, eNote creation, eClosing and eVault – were designed and built in-house, everything works seamlessly to the benefit of the users.

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Modernization Design Technology Agents 418

Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Fannie Mae published a new frequently asked questions (FAQ) document related to AIR this week.

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Appraisal Valuation Design Modernization 369

Housing Wire

OCTOBER 2, 2023

Freddie Mac’s ACE + PDR program and Fannie Mae’s Value acceptance + property data were designed to increase efficiencies for all stakeholders and lower costs in comparison to traditional appraisals while maintaining the high-risk mitigation standards employed by the government-sponsored enterprises (GSEs). “At

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