Housing Wire

JULY 11, 2024

Opteon’s data collection process involves comprehensive inspections of the subject property, both inside and out. The advantages for lenders The integration of advanced data collection techniques and the all-in-one ecosystem offers several significant advantages to lenders, positioning Opteon as a preferred partner in the lending process.

Lending 467

Lending Appraisal Appraisal Process Valuation 467

Housing Wire

MAY 2, 2021

To help mitigate these pain points, Incenter Appraisal Management is offering remote BPO and remote inspection capabilities paired with AVMs. Incenter’s Remote BPO and remote Inspections don’t require homeowners to download mobile applications and take pictures on their own. Mark Walser, President of Appraisal Management.

Inspection 370

Inspection Appraisal Real Estate Agent Technology 370

Housing Wire

JUNE 22, 2023

In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. In addition, the groups “request transparency in the process of developing final guidelines for condo and housing cooperative lending requirements.” “Any the letter states.

Lending 370

Lending Inspection Development Realtors 370

Housing Wire

FEBRUARY 3, 2025

More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.

Mortgage 417

Mortgage Valuation Lending Technology 417

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. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

Lending 370

Lending Technology Investing Loan Officers 370

Housing Wire

NOVEMBER 4, 2020

In addition, servicers need to maintain relationships with a number of outsourcers who are not being paid during the moratorium, including foreclosure attorneys, eviction attorneys, inspection providers, real estate companies, appraisers, property preservation vendors and REO suppliers.

Lending 395

Lending Clients Investors Training 395

Appraisal Buzz

SEPTEMBER 5, 2024

Despite home equity lending volume remaining relatively flat in 2023 compared to 2022, outstanding home equity debt increased, according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study. The post Lending Study Reveals Increase in Outstanding Debt Despite Flat Volume first appeared on The MortgagePoint.

Lending 221

Lending Inspection Valuation Renovations 221

Housing Wire

OCTOBER 1, 2024

The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs).

Inspection 476

Inspection Insurance Mortgage Design 476

Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. The post Are these factors creating chaos in your mortgage lending ops? The servicing platform can place the orders easily enough, but then what?

Lending 392

Lending Mortgage Technology Modernization 392

Appraisal Hub

DECEMBER 11, 2024

Thats why understanding home inspections and home appraisals is your first step to making a smart investment. Home Inspections: The Detective Work Think of a home inspection as your personal property detective. A home inspection helps you avoid that nightmare. These two processes are often misunderstood. Their mission?

Inspection 78

Inspection Buyers Appraisal Investing 78

Housing Wire

MAY 3, 2024

They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. Difficult inspections have been on the rise over the last few months. Stringent lending standards In the aftermath of the 2008 housing crisis, lax lending standards were identified as a major contributor.

Inventory 454

Inventory Inspection Lending Real Estate 454

Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections.

Valuation 435

Valuation Appraisal Inspection Appraisal Process 435

Housing Wire

AUGUST 5, 2022

It becomes even more important in a highly competitive lending environment, as everyone is trying to give borrowers the fastest and best experience while maintaining process integrity. Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process.

Appraisal Process 435

Appraisal Process Modernization Appraisal Logistics 435

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. However, they have several more pressing priorities when it comes to what they’re investing in.

Modernization 501

Modernization Appraisal Lending Investing 501

Housing Wire

OCTOBER 14, 2020

Inspex is a new, DIY home inspection and valuations app that empowers lenders to provide their customers with a simple, contactless option. Not just a photo-collection tool, Inspex significantly reduces inspection wait times by as much as 50 percent – improving the experience for everyone. Inspex TM by Xome. Product Fast Facts: #1.

Valuation 370

Valuation Inspection Tools Lending 370

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Use the home inspection as a bargaining chip: After the appraisal, getting the home inspected is another major part of the home-buying process.

Inspection 468

Inspection Sellers Buyers Tools 468

Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Not so long ago, there were very few appraisers that knew about property inspection waivers. It may benefit you and your business to stay updated on policy as it relates to the appraisal profession.

Appraisal 435

Appraisal Inspection Lending Business 435

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. among subprime loans.

Contracts 482

Contracts Mortgage Law Sellers 482

Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. Freddie Mac announced automated collateral evaluation (ACE) as a new solution and Fannie Mae followed not long after with the introduction of Property Inspection Waivers (later renamed Value Acceptance).

Modernization 418

Modernization Appraisal Inspection Valuation 418

Housing Wire

FEBRUARY 6, 2024

The product is completed from the desk of Opteon’s commercial staff appraisers in just 2-3 business days without requiring an inspection. Opteon is committed to bringing innovative solutions to the entire lending industry. The information therein enables underwriters to make informed decisions quickly.

Appraisal 468

Appraisal Lending Inspection Tools 468

Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process.

Lending 447

Lending Tools Investors Inspection 447

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof, etc.

Inspection 158

Inspection Sellers Buyers Realtors 158

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. The need to physically inspect each property will be replaced with data or other inspection options in many cases. To learn more about Tavant’s Touchless Lending platform, click here. You can’t ignore it.

Technology 397

Technology Appraisal Lending Valuation 397

Appraisal Buzz

MARCH 17, 2025

Although it seems complicated at first glance, the ERC form is actually a helpful guide that walks you through a systematic, exhaustive property inspection. Client rankings may seem scary to appraisers accustomed to lending work. It was established by the Worldwide ERC, a professional association for relocation and workforce mobility.

Appraisal 231

Appraisal Marketing Clients Inspection 231

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said.

Valuation 435

Valuation Technology Inspection Investing 435

Housing Wire

SEPTEMBER 23, 2021

Remote inspections have the power to make homeowners and appraisers more comfortable. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. User-friendly for everyone.

Appraisal 397

Appraisal Inspection Technology Appraisal Process 397

Appraisal Buzz

DECEMBER 20, 2021

It quickly became apparent that the health risk would prevent professional fee appraisers from entering properties in order to inspect them for their appraisal reports. Home Equity lending is another case in point. That changed in March 2020 when the COVID-19 virus struck. The industry was on the cusp of a serious crisis.

Valuation 367

Valuation Inspection Appraisal Lending 367

Housing Wire

MAY 2, 2021

We continue to see the benefits of using advanced AI and machine learning techniques when developing new mortgage lending solutions,” said Ann Regan, Executive, Product Management at CoreLogic. The performance, delivery and pricing of each THV solution are customized to unique needs of each lending use case.

Valuation 368

Valuation Home Value Lending Technology 368

Genworth MI Blog

FEBRUARY 18, 2021

Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisal inspection is typically where such interactions occur, and this can be a stressful experience for the borrower.

Inspection 148

Inspection Appraisal Real Estate Loan Officers 148

Appraisal Buzz

OCTOBER 14, 2024

As all lenders have “skin in the game” on every loan, rigorous quality control across the lending lifecycle is imperative. Meanwhile, incomplete or inaccurate information can lead to faulty lending decisions that put lenders and their AMCs at risk. It can also accelerate the review process. It is not a tool to replace appraisers.

Valuation 368

Valuation Renovations Technology Appraisal 368

Housing Wire

SEPTEMBER 13, 2023

The mortgage ecosystem evolves quickly, with different sub-sectors such as lending, loan aggregation as well as loan securitization being impacted, Sean Begley, senior director of business development at CAPE Analytics, told HousingWire.

Tools 418

Tools Valuation Inspection Investors 418

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). These disclosures include the annual percentage rate and payment schedules.

Contracts 367

Contracts Investors Sellers Lending 367

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

DECEMBER 1, 2020

Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending. Faries believes technology should enhance digital experiences for all project stakeholders.

Renovations 293

Renovations Construction Inspection Technology 293

Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). We need to do this starting today to stay relevant and remain a viable option in the lending process! What am I talking about? Some of these have been around for many years.

Modernization 367

Modernization Inspection Appraisal Technology 367

Housing Wire

MARCH 10, 2023

” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

Valuation 397

Valuation Inspection Training Appraisal 397

Housing Wire

FEBRUARY 1, 2023

Once the loan is closed, UWM claims it will handle the rest of the process by staying in direct communication with the builder on subsequent draws, as well as subsequent inspections, to confirm the project is on pace.

Construction 418

Construction Real Estate Agent Loan Officers Inspection 418