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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Valuation Market Value Clients Technology 435

Appraisal Buzz

OCTOBER 4, 2021

Our goal is to develop solutions to this persistent problem, including appraisal best practices, uniform standards for automated valuation models, enhanced consumer disclosures, improved value processes, and revised fair lending exam procedures and risk assessments.”.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

MARCH 31, 2022

The new Federal Valuation Agency would be responsible for developing real estate valuation standards and appraiser criteria, a function the Appraisal Foundation currently performs. The draft bill also proposed an “Office of Fair Lending” within the new valuations agency, which would report to the head of the agency.

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Appraisal Valuation Training Government 445

Housing Wire

MARCH 17, 2022

“With technology impacting all areas of our lives, it is time for participants across the mortgage ecosystem to experience an improved process that simply works better and costs less,” said Daniel Wallace, GM of Figure Lending. The post Figure and Apollo complete ownership transfer via blockchain appeared first on HousingWire.

Technology 463

Technology Valuation Lending Landlords 463

Housing Wire

MAY 24, 2022

Out of 200 senior mortgage executives surveyed, who represent 188 lending institutions, 94% think that appraisal modernization efforts will simplify the origination process. The desire to invest in appraisal modernization came in third place, with 29% of lending institutions reporting that this was a top-of-mind investment.

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Modernization Appraisal Lending Investing 497

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. How hybrid title and valuations help increase lending efficiency. Streamline by combining services. Presented by: Altisource.

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Renovations Development Investors Legal 516

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

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Appraisal Valuation Finance Training 459

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Technology Development Real Estate Valuation 445

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 386

Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). Joan Trice, Founder and President of the CRN states, “gross living area (GLA) is one of the most important inputs in a valuation report. Technology impacts.

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Valuation Development Technology Appraisal 370

Housing Wire

MAY 2, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”

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Reconsideration of Value Appraisal Mortgage Valuation 389

Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. For appraisers, we have developed an end-to-end, encrypted, AI-driven platform to streamline scheduling, manage payments, and facilitate direct, real-time communication between stakeholders.

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Appraisal Property Taxes Valuation Technology 414

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. The post Candescent Capital Ventures Taps Adam Johnston as SVP, Chief Program Management and Valuation Officer appeared first on MortgageOrb.

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Valuation Project Management Design Insurance 195

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. Fannie found the power of computer vision to be incredibly accurate.

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Valuation Technology Renovations Appraisal 368

Housing Wire

MARCH 8, 2024

Yellen told lawmakers that bank regulators are working to address risks tied to rising vacancy rates and lower valuations for office buildings in major cities. The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” banks moved away from commercial real estate lending.

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Real Estate Insurance Lending Retail 468

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 361

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). One of the updates to the program is enhanced value determinations, which will now “use a sales comparison approach” and allow for qualified FHA roster appraisers to perform valuations, the FHA said.

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Finance Valuation Insurance Lending 476

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 415

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

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Appraisal Valuation Reconsideration of Value Training 353

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 445

Housing Wire

JUNE 30, 2021

ServiceLink’s unique tech-enabled mortgage services include valuations as well. We have a valuations team solely dedicated to the wholesale market, whose dedicated hands-on approach ensures milestones and commitments are met. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Valuation Client Relationships Inspection Clients 196

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.

Valuation 196

Valuation Appraisal Appraisal Process Technology 196

Housing Wire

JANUARY 10, 2025

. “Many of them have worked with Incenter in one capacity, such as MSR trading , and are delighted with our full spectrum of solutions in other areas, such as servicing valuation and brokerage through Incenter Capital Advisors.” Before joining Incenter, Rose oversaw national valuation sales at Homegenius.

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Valuation Property Taxes Insurance Clients 330

Housing Wire

APRIL 20, 2021

This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. In these responses, I hear a lending industry clamoring for the freedom to use the “new tools” that already exist.

Technology 415

Technology Appraisal Valuation Lending 415

Housing Wire

DECEMBER 1, 2021

Senior Director of Software Development. President, Anow & Valuation Software. VP, Product Development. Synergy One Lending. Senior Director of Product Management, Mortgage Solutions. First American Data & Analytics. Jeremy Sicklick. Co-founder and CEO. HouseCanary. Jim Freeman. Chief Technology Officer.

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Technology Development Valuation Realty 456

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.

Technology 374

Technology Lending Valuation Mortgage 374

Housing Wire

AUGUST 10, 2021

Fintech lender Figure Technologies is going full force in to the mortgage lending – and now servicing – blockchain revolution. Just one week after its announcement that it would merge with lender Homebridge Financial Services , the company revealed a partnership with loan servicing software developer Sagent. billion valuation.

Mortgage 370

Mortgage Technology Investors Lending 370

Housing Wire

OCTOBER 4, 2022

The Department of Housing and Urban Development (HUD) back in April said it would be taking a hard look at small balance mortgages, which typically have balances less than $200,000 and are hard to find. Freddie Mac and Fannie Mae give [lenders] a little bump on their origination fee to encourage small-dollar lending,” said Loftin.

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Mortgage Government Lending Finance 356

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 The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare. Presented by: Black Knight.

Mortgage 524

Mortgage Technology Investors Business 524

Housing Wire

SEPTEMBER 12, 2023

MBA is also keeping an eye on a developing case before the U.S. Department of Justice (DOJ) are aiming to make lenders liable for actions of third-party appraisers when those actions result in bias or discrimination during the valuation process, which MBA is also against. District Court for Maryland where the CFPB and the U.S.

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Valuation Finance Appraisal Lending 401

Housing Wire

SEPTEMBER 25, 2020

billion valuation, CEO Mat Ishbia today unveiled a new tech tool that he claims will bring “game-changing flexibility” to brokers. In an interview with HousingWire, Ishbia said the product has been in development for about a year. It was tested by a few select brokers in recent months.

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Tools Clients Lending Valuation 379

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals.

Technology 347

Technology Appraisal Lending Valuation 347

Housing Wire

AUGUST 12, 2020

Blend announced Wednesday it has raised a $75 million Series F round at a valuation of nearly $1.7 This morning, Blend President Tim Mayopoulos (and former CEO of Fannie Mae ) told me that Blend didn’t necessarily “need” the funding but saw the value in accelerating its product development plans. Stay tuned for updates.

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Investing Loan Officers Technology Development 505

Housing Wire

SEPTEMBER 21, 2021

HW Annual will focus on All Things Housing, bringing together professionals from real estate, closing, valuations and mortgage to tackle some of the most important topics in the industry, with experts and practitioners to give you the information you can’t get anywhere else.

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Valuation Technology Lending Real Estate 319

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

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Mortgage Loan Officers Lending Human Resources 443

Housing Wire

JUNE 22, 2023

The TLS HELOC has a fully online application process, underwriting system, and valuation model. There are no pre-payment penalties associated with the TLS HELOC, and this financing option is available for single-family residences, townhomes, planned unit developments, condominiums, secondary homes, and investment properties.

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Finance Home Improvement Lending Valuation 323

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. In September, Ellie Mae was officially acquired by Intercontinental Exchange.

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Valuation Technology Tools Business 434