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Planning for a Home Renovation: A Guide

Cleveland Appraisal Blog

Many homeowners have decided not to sell their homes but to renovate them instead. Planning for a Home Renovation: A Guide When it comes time to renovate your home, there are a few things you should know. This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation.

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CFPB rule applies mortgage protections to clean energy loans

Housing Wire

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

Mortgage 297
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Seeing is Believing: How using computer vision can become a best practice for all loans

Appraisal Buzz

However, manual reviews of appraisals, property condition, renovation estimates, and more do not scale efficiently. Meanwhile, incomplete or inaccurate information can lead to faulty lending decisions that put lenders and their AMCs at risk. Here, computer vision introduces a paradigm shift.

Valuation 368
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How one lender is solving problems in the fix-and-flip space

Housing Wire

The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for. The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market. And total active listings?

Lending 376
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Renovations That Increase Home Value in BC: Our Top 8 Picks

D Fritz Appraisals

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. As Vancouver Island’s home evaluation expert, D.

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Like it or not, desktop appraisals are here to stay

Housing Wire

In a December 2020 request for information, FHFA highlighted potential benefits of desktop appraisals, including assisting training of new appraiser trainees, and alleviating appraiser shortages in rural and high-volume areas. Desktop appraisals, he said, still hold the appraiser responsible for getting the correct information.

Appraisal 355
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Revolutionizing Appraisals: The Role of Blockchain Technology

Appraisal Buzz

This means that instead of relying on a single entity (like a bank) to keep track of transactions, blockchain distributes this information across multiple nodes. Interoperability: Different blockchain platforms might not communicate seamlessly with each other, leading to fragmented information.