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The space shuttle program finally came to an end in 2011, primarily due to its outdated design, aging technology, and its inability to meet the evolving goals of the organization. The primary reasons for this decision are its outdated design, aging technology, and inability to meet the evolving goals of the organization.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

OCTOBER 2, 2023

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .

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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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Housing Wire

MAY 23, 2023

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. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

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Housing Wire

APRIL 9, 2021

Canadian real estate technology company Voxtur Analytics Corp. The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services for investors, government agencies, servicers and lenders. million, the company said this week.

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Housing Wire

MARCH 21, 2023

The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative. The list includes some of the biggest names in the mortgage tech space — Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

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Housing Wire

NOVEMBER 28, 2023

Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs).

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Housing Wire

AUGUST 15, 2024

Real estate technology company Voxtur Analytics Corp. ” Ryan Marshall Marshall was also previously the CEO of Benutech , a real estate data and technology firm, and joined Voxtur in 2021 when it acquired Benutech. He has strong client relationships and valuable experience in mortgage technology,” Yeoman said in a statement.

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Housing Wire

OCTOBER 16, 2024

The valuation tech company said it will cover any financial loss associated with a repurchase or LLPA adjustment due to an appraisal defect. Reggora is believed to be the first company to do so based on the results of its appraisal technology, Reggora Appraisal Review.

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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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Housing Wire

AUGUST 6, 2024

Department of Housing and Urban Development (HUD), the FHA and the government-sponsored enterprises (GSEs) in collaboration with the Federal Housing Finance Agency (FHFA) — was designed to ”develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by” the GSEs, HUD explained.

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Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. Real estate valuation analysts are most affected by the cut in Roseville, with 25 out of a job. due to the slowdown in the housing market, according to the firm. TechCrunch first reported the layoffs on Friday.

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Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We looked at this as not just an adjustment to the current market climate, but also looking at the current shift that’s happening in the valuation industry.

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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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Housing Wire

JANUARY 3, 2022

Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. At the moment, the technology is being piloted internally.

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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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Housing Wire

SEPTEMBER 28, 2021

Investing in technology is not the be-all end-all when it comes to efficiency in mortgage origination. Lenders who adopt technology but don’t enforce discipline within their organization won’t see the efficiency savings technology promises. billion valuation. billion valuation.

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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.” The intent is to create a set of standards that increase confidence in the use of AVMs, according to the announcement.

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Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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Housing Wire

OCTOBER 4, 2023

Top recommended AI application ideas included compliance, underwriting and property valuation. Among lenders who have not used AI or ML technology, the biggest barriers to adoption in 2023 remained the same as 2018.

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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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Appraisal Buzz

OCTOBER 10, 2022

I have weathered seasons marred by valuation professionals whose malfeasance adversely impacted the economy and society. The future of the valuation profession is not certain to me. Technological advances suggest we need to move toward automated valuation models that churn data through automated algorithms to produce valuations.

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Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

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Housing Wire

AUGUST 2, 2024

CoreLogic relies on an internal governance structure to guide its use of AI solutions based on what happens in the larger regulatory market. From a technology standpoint, Singh shares that CoreLogic’s AI models are closed to the public and controlled by the company. From there, Wheeler segues into AI cybersecurity.

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Housing Wire

NOVEMBER 3, 2020

Black Knight’s proven PPE delivers the tools lenders need to create and maintain an extremely competitive product offering, providing the ability to choose from thousands of leading conforming, non-conforming, jumbo, and government products—even supporting a lender’s in-house portfolio products.

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Housing Wire

SEPTEMBER 24, 2021

The Series C brings Ocrolus’ valuation over $500 million and its total funding raised to $127 million through six funding rounds. Founded in 2014 with a focus on automating Medicaid application processes, Ocrolus decided in 2016 to use its technology to classify financial documents.

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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 approved six vendors for its controversial new valuation initiative a few days later.

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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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Housing Wire

SEPTEMBER 14, 2022

Amrock , a national provider of title insurance, property valuations and settlement services and a division of Rocket Companies , rolled out technology to electronically close mortgage transactions from a mobile device.

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Housing Wire

AUGUST 2, 2022

HousingWire recently spoke with Kosta Ligris, CEO and co-founder of Stavvy, about how the mortgage tech journey has expanded beyond eClosings and is reaching all corners of the mortgage industry, from appraisal and valuation to internal workflows and processes. . Another key benefit is the added security that an eMortgage provides.

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Housing Wire

MAY 2, 2022

It is an alternative appraisal method that is essentially a compromise between an automated valuation model (AVM), entirely done by software, and a traditional appraisal. The webinar was attended by nearly a thousand industry participants, including lenders, valuations experts and third-party fintech companies.

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Housing Wire

NOVEMBER 5, 2021

Underwriters rely on appraisal and valuation professionals. Panelists: Tai Christensen, Director of Government Affairs and Chief Diversity and Inclusion Officer, CBC Mortgage Agency Montell Watson, Director of Corporate Strategy, Movement Mortgage Laura Brandao, President & Partner, American Financial Resources, Inc.

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Housing Wire

MARCH 7, 2023

The two companies also amended their deal terms to reduce the valuation of Black Knight to $11.8 billion, about 11% lower than the valuation when the agreement was announced last year. The acquisition would create a monopoly that controls the technology used to originate and service mortgages, they contend.

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Housing Wire

MARCH 9, 2023

The move, which was widely expected, sets the specter for a legal challenge between Atlanta-based ICE and the federal government. The two companies also amended their deal terms to reduce the valuation of Black Knight to $11.8 billion, about 11% lower than the valuation when the agreement was announced last year.

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Housing Wire

SEPTEMBER 13, 2024

The Appraisal Institute now faces a backlash from members who support Chance , a veteran nonprofit leader who joined roughly a year ago and pledged to make governance reforms and support the work of on-the-ground appraisers. As is our mandate, our efforts will remain focused on recruiting and retaining member professionals. as Hispanic.

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Housing Wire

AUGUST 25, 2022

From modernizing appraisal technology to the government heightening their focus on appraisal bias, there’s no shortage of important and noteworthy topics to unpack in the appraisal space,” Brena Nath, director of HW+ and events, said. The panel will discuss desktop and hybrid processes, federal regulation changes, technology and more.

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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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