Housing Wire

NOVEMBER 8, 2023

During the last refi boom, some appraisers were scheduling inspections as far as four to six weeks out, which was slowing down the entire loan transaction. As a Fannie Mae partner, SingleSource can utilize a larger pool of trained data collectors, so that property inspections can now take place in a matter of days, not weeks.”

Valuation 427

Valuation Inspection Modernization Training 427

Housing Wire

JUNE 23, 2022

Regarding alternative audit procedures, Ginnie said that it will continue to accept audited financial statements from issuers where the auditor relies on alternative documentation in lieu of doing a physical inspection as required by the Department of Housing and Urban Development.

Inspection 448

Inspection Government Finance Development 448

Housing Wire

MARCH 11, 2021

According to the FHFA, the extended flexibilities include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of power of attorney to assist with loan closings. In a statement issued on Feb.

Lending 501

Lending Appraisal Inspection Property Appraisal 501

Housing Wire

JULY 24, 2024

Earlier this year, RealReports announced a new feature for Aiden that the company claims harnesses the capabilities of multimodal AI to analyze and summarize property documents — including inspection reports, appraisals and seller disclosures.

Realtors 468

Realtors Tools Real Estate Agent Real Estate 468

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

Home Improvement 435

Home Improvement Realtors Real Estate Agent Inspection 435

Housing Wire

JANUARY 14, 2021

Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of power of attorney to assist with loan closings. 31, 2021, however, the government entity is now pushing that back to at least Feb.

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

MAY 2, 2021

First American offers an integrated suite of staff and network appraisal products and services, including standard appraisals, collateral inspection services and hybrid valuations through First American Mortgage Solutions’ Appraisal Management Company (AMC) and the First American Staff Appraiser Company.

Technology 459

Technology Valuation Mortgage Inspection 459

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. You’ve found a house for your buyer or a buyer for the home you’re selling. Not necessarily.

Real Estate 476

Real Estate Appraisal Agents Inspection 476

Housing Wire

APRIL 11, 2023

The home-buying process involves numerous steps, documents and parties that you have to work with. By having a neutral third party manage the transfer of funds and documents, the sale can be completed quickly and efficiently. In real estate, a title is a legal document that establishes ownership of a property or asset.

Real Estate 397

Real Estate Legal Sellers Technology 397

Housing Wire

AUGUST 31, 2022

Outsourcing or hiring in-house compliance experts are no longer the only options for servicers who need help handling lien releases and assignment of mortgage documents. Quality inspection after data entry can be customized to account for new employees or experts with low error rates.

Clients 370

Clients Inspection Technology Contracts 370

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. While a home inspection is a valuable way to get to know your new potential home, it can also be used as a negotiation tool.

Inspection 468

Inspection Sellers Buyers Tools 468

Appraisal Buzz

DECEMBER 20, 2021

Federal regulators require banks to prepare documentation that fully explores their response to potential market forces that could put stress on their institutions or the broader economic system. Rarely do sub-processes of mortgage loan origination have the opportunity to undergo similar stress tests.

Valuation 367

Valuation Inspection Appraisal Lending 367

Housing Wire

JANUARY 10, 2022

Tom Kriby: Everyone knows home inspections and appraisals can hold up a closing, but insurance is another possible roadblock for an on-time closing. HousingWire: What are some unexpected things that can delay a home closing? It’s more common than you think. Last year, about 10% of the policies we issued were rush orders.

Insurance 511

Insurance Inspection Technology Clients 511

Housing Wire

SEPTEMBER 9, 2021

For example, from a scheduling standpoint, 58% of survey respondents stated they would be very likely/likely to self-schedule their appraisal, inspection and/or closing appointment online if the option was available to them. if the option was available to them. How can lenders lean into these trends?

Mortgage 448

Mortgage Technology Inspection Appraisal 448

Housing Wire

JUNE 2, 2022

Soon, we believe printing and signing hard copies of loan documents will also largely be a thing of the past. IPEN allows a signer and notary signing agent in the same location to apply the signer’s electronic signatures to digital documents. Can you imagine needing to pay for groceries using cash or checks? We can’t either.

Design 418

Design Modernization Technology Agents 418

Housing Wire

JULY 26, 2024

Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed. Agree on contingencies.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

NOVEMBER 20, 2020

Coupled with Valligent’s real-time streaming data and virtual inspection, the AI can then validate and learn what is most valuable in the data itself. According to the release, a new document viewer is an added perk that utilizes cloud storage for automatic document conversion.

Valuation 448

Valuation Technology Tools Business 448

Housing Wire

DECEMBER 20, 2021

The Doma Intelligence platform works by automating many of the rote tasks of the closing process including retrieving and analyzing documents that need to be searched. So, it’s like you put those things together and it’s like, what is the argument for having a human being go to a house and physically do an inspection.”.

Inspection 418

Inspection Contracts Appraisal Real Estate 418

Housing Wire

NOVEMBER 30, 2023

” For example, the document says if requested by the borrower or mortgagee to determine if a 203(k) loan is feasible, the consultant may charge an additional fee of $375 to prepare a feasible study. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375.

Architecture 476

Architecture Renovations Inspection Finance 476

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

Inspection 105

Inspection Appraisal Construction Clients 105

Housing Wire

FEBRUARY 21, 2023

Real estate agents, brokers and other qualified third parties offer inspection support, aided by sophisticated cameras and guided by GSE-mandated standards for data collection. Closing – Automation speeds the generation of closing documents and reduces errors in post-close review.

Modernization 370

Modernization Technology Valuation Real Estate Agent 370

Appraisal Buzz

DECEMBER 11, 2024

In 2018, Fannie Mae launched its Pre-Foreclosure Property Preservation Program, offering mortgage servicers the opportunity for Fannie Mae to handle the management of inspection and preservation activities on delinquent loans secured by vacant properties. We are exploring batching inspections. How is AI impacting the sector?

Inspection 311

Inspection Technology Insurance Training 311

Housing Wire

OCTOBER 28, 2021

In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch. The acquisition cost Porch about $76.5

Mortgage 418

Mortgage Logistics Insurance Real Estate Agent 418

Housing Wire

FEBRUARY 10, 2021

Are borrower-assisted inspections here to stay? “This will allow us to issue the closing documents sooner and complete loan closings faster,” Roy said. “By to two loan files per day. . By having a centralized appraisal review process in place, we have been able to reduce the underwriting time on each loan.

Appraisal 397

Appraisal Inspection Appraisal Process Valuation 397

Housing Wire

MARCH 3, 2021

In a statement , the Appraisal Foundation’s Appraisal Standards Board Chair Wayne Miller said “pressing issues” have arisen in appraisals over the past year, ranging from concerns about fair housing matters to how to conduct a socially distanced property inspection in the midst of COVID-19.

Appraisal 448

Appraisal Law Valuation Inspection 448

Housing Wire

JUNE 27, 2023

“We’re elated to partner with Reggora’s modern appraisal management platform, which has a well-documented open API that makes integrations easy to maintain,” said Brent Emler , director of sales at Lender Toolkit. “We are excited about the integration of our platform with Lender Toolkit’s AI Underwriter.

Mortgage 365

Mortgage Modernization Appraisal Process Loan Conditions 365

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Inspection? What Is a Home Appraisal?

Inspection 96

Inspection Appraisal Property Appraisal Real Estate 96

Housing Wire

SEPTEMBER 19, 2024

In the meantime, let us proactively educate our home seller clients (who can unlock this glass door of housing) about pre-inspections, property disclosures, repair budgets, and the like to help all qualified homebuyers make informed choices without denying their access and opportunity to fair housing.

Legal 434

Legal Sellers Real Estate Inspection 434

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency.

Construction 482

Construction Logistics Technology Real Estate 482

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Currently, the mortgage industry is inundated with paperwork and limited options to efficiently digitalize and process lending and servicing documents.

Lending 370

Lending Technology Investing Loan Officers 370

Housing Wire

JULY 22, 2024

Quality control reviews include analysis and identification of any property issues and items of safety, soundness, or structural integrity to determine whether the lender appropriately required inspections or repairs prior to the purchase of the home by the borrower.

Lending 446

Lending Tools Investors Inspection 446

McKissock

JANUARY 11, 2022

Not only will you conduct an extensive lot inspection before construction starts, but you may also need to visit the property during construction—to assess progress and detail when work is complete. You will also need to conduct a final inspection. Inspection during construction. Final inspection. Don’t be lenient.

Inspection 96

Inspection Construction Final Inspection Appraisal 96

Appraisal Buzz

FEBRUARY 7, 2022

Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.

Appraisal 435

Appraisal Inspection Development Technology 435

GoForrmz

APRIL 23, 2024

Easily transition to a paperless operation with GoFormz digital forms Traditionally, conducting HVAC inspections involved cumbersome paperwork, time-consuming data entry, and potential errors. However, with the advent of digital forms and mobile technology, the inspection process has been streamlined and optimized for efficiency.

Inspection 78

Inspection Technology 78

Housing Wire

MAY 2, 2021

“This is particularly true today where the GSEs are waiving the requirement for a full interior inspection in some instances and allowing some purchases under $400,000 to be completed without a full appraisal.”.

Valuation 364

Valuation Home Value Lending Technology 364

Appraisal Buzz

APRIL 20, 2022

The complete solution in support of desktop appraisals does not require an appraiser’s physical inspection. Asteroom’s national desktop appraisal data collection service features the company’s proprietary 3D tour and floor plan technology to document interior and.

Appraisal 195

Appraisal Inspection Valuation Technology 195

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. This application will require several documents and a fee, which again, varies by state.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448