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Reshaping appraisals: Jaro’s high-tech solutions innovate the appraisal process in an evolving real estate market

Housing Wire

Now, suburban dwellers who migrated from urban areas to suburban areas are returning to cities, driving home values up in those areas. An appraiser’s valuation directly impacts a home’s value, and that valuation stems from elements like keywords, neighborhood history, square footage, etc.

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ICE unveils two new property valuation solutions

Housing Wire

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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Total Home Valuex from CoreLogic leverages machine learning to simplify and standardize valuation

Housing Wire

One of the first steps in determining a property’s value is the use of an Automated Valuation Model (AVM). Using an AVM helps lenders quickly and accurately get an independent assessment of collateral value, which can streamline the home buying process for them and the borrower.

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Race and the Property Valuation Industry

Appraisal Buzz

A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home. Only the wife was at home to greet the appraiser when they arrived to inspect her home. When the couple received the final appraisal report of their home’s value, they were shocked! Let’s unpack this situation….

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ServiceLink offers brokers constant communication and transparency into valuation and closing

Housing Wire

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Property condition information that’s cloud-based – “Word cloud” based

Housing Wire

For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . This is why most automated valuation models (AVM) default to assessing “average” quality and condition.

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What does the future of AVMs look like?

Housing Wire

Automated Valuation Models (AVMs) are having a moment. homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending.

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