Housing Wire

JULY 5, 2022

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. Using automated valuation models “leads to relatively lower racial gaps,” according to Freddie Mac. .

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. However, is appraisal modernization on its own enough?

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Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: Is the end goal of appraisal modernization to replace appraisers?

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Housing Wire

JUNE 3, 2024

Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities.

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Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. These entities make many other comments about technology, workforce options, modernization and the need for change. The axe can do nothing on its own.

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Housing Wire

AUGUST 7, 2023

and Bradford Technologies announced their partnership at the Valuation Expo in Las Vegas on Monday. As part of the partnership, Restb.ai’s AI technology will be integrated into Bradford Technologies’ report quality control processes. Computer vision and AI solutions provider Restb.ai

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Housing Wire

OCTOBER 24, 2024

The Mortgage Bankers Association (MBA) on Thursday released a new white paper , which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.” It was originally overseen by the U.S.

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

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Housing Wire

JANUARY 25, 2022

With the recent news about desktop appraisals, appraisal technology is top of mind for many. HousingWire recently spoke with Reggora co-founder and CTO Will Denslow about the role of technology in appraisal innovation. How will this affect appraisal technology moving forward? How can technology help mitigate this issue?

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Housing Wire

MAY 31, 2022

The variety of modern digital solutions offered by the homegenius family of companies helps add a level of quality and efficiency to nearly every point in the home buying and selling process, all the way from search to close and beyond. That’s not where the technology innovations at homegenius end either. homegenius, Inc.,

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Appraisal Buzz

OCTOBER 28, 2024

This dynamic interplay between intuition, expertise, and emerging technologies is shaping the future of appraisals in ways that benefit both appraisers and consumers. This reliance on personal expertise made it challenging to obtain accurate data, especially in areas where comprehensive information was hard to come by.

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Housing Wire

APRIL 5, 2023

Achieving digital optimization is a main priority for federal housing agencies, and it’s happening at a time when incorporating technology is becoming a crucial part of the entire industry. It goes back to the access to data when making informed, data-driven decisions, Bell noted. We just replatformed our underwriting system (.)

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Housing Wire

AUGUST 8, 2022

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. In 24 hours, the floor plan sketching technology provides a high-resolution floor plan file of the house, the company said. “By have floor plans.

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Housing Wire

JULY 31, 2023

In the proposal’s supplementary information section, HUD explains that the rule as currently enforced is simply outdated, and does not account for modern methods of communication that would comply with the protection of the involved parties’ personal information.

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Housing Wire

APRIL 30, 2022

With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves. As appraisal modernization continues to take shape, Reggora is uniquely positioned to lead its customers through the ever changing landscape.

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Housing Wire

FEBRUARY 25, 2022

The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system. The FHA, Office of Public and Indian Housing (PIH) and mainframe modernization were placed as top priorities.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. You can now glean condition and quality information through image recognition.

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Appraisal Buzz

JUNE 13, 2024

While guaranteeing full repayment of mortgages on time is primarily in the hands of borrowers themselves, lenders can optimize collections with digital technology by making loan repayments easier, more convenient, and fully traceable.

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Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. Based on these classifications, additional information would be input.

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Housing Wire

AUGUST 13, 2021

This tipping point came after several years of rapid technology growth in our industry. The trends we elaborated on two years ago, pre-COVID, are now the standard: Digital is the new normal and technology is now the price of entry rather than a competitive advantage. And that would not have happened without leveraging technology.

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Housing Wire

NOVEMBER 12, 2024

On the earnings call, Sieffert discussed a new “digital innovation” team that is being built at FOA with the purpose of delivering “financial services to seniors in a way that is modern and user-friendly.”

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Housing Wire

APRIL 27, 2021

Better, faster, cheaper has long been the promise of technology in the mortgage industry. Some may argue whether today’s technology is that much better than the tools we used in the past, particularly in the servicing business where many still use platforms designed and first built decades ago. Tripping over our own technology.

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Housing Wire

NOVEMBER 13, 2020

Year to year, the evolution of computer technology can be staggering. Drone mapping is replacing manned aerial flyovers such as Google Earth , a technology the industry has relied on for decades. Informative data such as deer stands, utilities, hog damage etc. can be laid on top of the drone imagery for mapping. Bottom Line.

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Appraisal Buzz

SEPTEMBER 15, 2021

—Digital transformation is underway with a modern approach to appraisal management—. Envoy will leverage Reggora technology to deliver a fast and efficient appraisal, supporting their customers through the home buying journey. By utilizing Regorra’s appraisal technology, Envoy’s turn-times will be faster and more efficient.

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Housing Wire

NOVEMBER 13, 2020

home buyers is now 47 years, you’ll begin to recognize the futility of attempting to extract meaningful information about consumer behavior and preferences from mortgage data. Consider, too, that the pandemic has given consumers a big push when it comes to expanding their technology comfort zones. Mortgage data is aged data.

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Housing Wire

FEBRUARY 20, 2024

Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation. Many reasons given for appraisal modernization stem from appraisal turnaround times.

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Housing Wire

MAY 20, 2021

The answer lies in evolving valuation technology. The “science” is driven by hard data and analytics: previous home sales, combined with information about the property and location. And so, even when applying technology-based alternatives to in-person appraisals, biased data can impact values if not recognized.

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Appraisal Buzz

JUNE 10, 2024

However, the advent of new digital technologies is creating change by seamlessly connecting these disparate elements, offering a smoother, more integrated experience for both lenders and homeowners. At the core of this transformation is the ability of mortgage bankers to adopt a modern, digital lending platform built within the cloud.

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Housing Wire

DECEMBER 9, 2020

Our mission at HW Media is to inform and engage real estate, financial services and fintech professionals through high-quality news media, insightful reports and analysis, and engaging newsletters and events,” said HW Media founder and CEO Clayton Collins. HousingWire is a leading source for news and information regarding the U.S.

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Housing Wire

SEPTEMBER 27, 2024

Department of Housing and Urban Development ’s (HUD) reliance on its legacy appraisal processing system, the Loan Application Management System,” FHA said in an informational notice. Catalyst has been seen as a positive development in the ongoing effort to modernize the technology infrastructure of the federal housing agencies.

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Housing Wire

OCTOBER 25, 2024

These statistics highlight shifting preferences for modern consumers who rely on digital tools to make homebuying decisions. These tours use 360-degree camera technology to give users a first-person view of a home with controls to move between rooms.

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Housing Wire

APRIL 17, 2024

The move allows the lender to have “modernized its mortgage operational processes, boosted productivity and delivered an enhanced borrower experience for its customers,” the company said in a news release. The process to select a new technology partner began for First Community Mortgage (FCM) in mid-2023, the company explained.

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Housing Wire

OCTOBER 24, 2022

In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments. Kueh said the real estate industry is “ripe” for a transformation, one in which modern design can be merged with mobile, cloud, AI and machine learning technology to improve customer and agent experiences.

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Appraisal Buzz

FEBRUARY 7, 2022

We live in a world that is transitioning from the Information Age to the Digital Age. The lender/appraiser ecosystem over time has adapted processes and technologies to achieve appraisal development and reporting that meets regulatory, agency, and investor requirements, as well as meeting the needs of individualized lender risk appetites.

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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. Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets.

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Appraisal Buzz

JUNE 18, 2024

They are not focused on things they cannot control, like rates, yet focus on the things they can control, like using technology to identify and maximize opportunities that might be hiding right under their noses. That is more true than ever today, and it is why strategic technology investments are key.

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Housing Wire

OCTOBER 2, 2024

Today, modern technology , including Pretium’s platforms, cut out the middleman by allowing firms to invest directly in assets, decide the kind of leverage they want and determine how Pretium will manage the assets over time.

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