Appraisal Buzz

OCTOBER 18, 2021

In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? The problem with trainees in most GSE and agency (FHA, USDA, AND VA) related work is that trainees cannot inspect properties.

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Housing Wire

MAY 2, 2021

As many real estate professionals saw firsthand, the valuation process was disrupted by the coronavirus pandemic. To help mitigate these pain points, Incenter Appraisal Management is offering remote BPO and remote inspection capabilities paired with AVMs.

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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. Get More Info.

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Housing Wire

AUGUST 5, 2022

HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. . Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process.

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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.

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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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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.

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Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property. What is property data collection? But you already know this.

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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. The acquired company will operate as a standalone division.

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Housing Wire

DECEMBER 27, 2024

The new rules apply to both appraisal waivers and inspection-based waivers , which leverage property data collected by a trained and vetted professional. Maximum loan-to-value (LTV) for appraisal waivers on home purchases will increase from 80% to 90%, and LTVs for inspection-based appraisal waivers will increase from 80% to 97%.

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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? appeared first on HousingWire.

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Housing Wire

JUNE 30, 2021

ServiceLink’s unique tech-enabled mortgage services include valuations as well. We have a valuations team solely dedicated to the wholesale market, whose dedicated hands-on approach ensures milestones and commitments are met. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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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.

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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. Who even knew about desktop valuations or evaluations? Policy can affect all segments of the appraisal profession.

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Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. 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.

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Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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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

JANUARY 12, 2023

They can do this by applying advanced technology — digital title solutions, automated inspection and appraisal tools, consumer-facing scheduling apps and eClosing solutions — and working with you to optimize your internal workflows and processes. Leading-edge technology products/solutions. Technology has made title a whole new game.

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Housing Wire

OCTOBER 18, 2022

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. AVMs have been a “workhorse” lending tool for more than two decades.

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Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

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Housing Wire

OCTOBER 26, 2020

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. When COVID-19 complicated the appraisal process, Xome was able to direct its lender clients to its contactless valuation option via a mobile app.

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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.

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Housing Wire

MAY 25, 2021

Despite fintech innovation in the form of lending-as-a-service (LaaS) startups and more user-friendly mortgage application portals, the appraiser shortage paired with “the old way of doing things” has aggravated process inefficiencies within the home loan ecosystem. Poor data visibility. Delegating onsite data collection.

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Appraisal Buzz

JULY 29, 2024

in 2023 compared with 2022, while debt outstandings increased 8.3%, according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study. Given the substantial amount of accumulated equity in real estate, there is still untapped potential for home equity lending for lenders and borrowers.” in 2024 and 4.8% in 2025.

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Housing Wire

JANUARY 7, 2021

With the integration, Blend will have access to the companies Dual AUS functionality – a product unveiled in 2018 with the ability to run an application through both systems and quickly identify property inspection waivers early on in the process. Though that need may have started long before the pandemic.

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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.

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Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers Can Complete Virtual Inspections Independently, Be Their Own Bosses, and Prepare for a Digital Future. Once they have signed up, they will be able to create job orders, complete virtual inspections, and set their desired fees. Appraisers pay a nominal fixed cost per inspection, which they build into their client fees.

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Housing Wire

JUNE 18, 2021

All of these markets benefit from an accurate understanding of valuation and property characteristics, but the data sources that power them leave out a crucial component: property condition. HW: What are some challenges facing investors as they pertain to valuation and property characteristics? The waning pandemic in the U.S.

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Housing Wire

SEPTEMBER 9, 2021

For example, from a scheduling standpoint, 58% of survey respondents stated they would be very likely/likely to self-schedule their appraisal, inspection and/or closing appointment online if the option was available to them. Phil King is vice president, principal product manager, EXOS Valuations at ServiceLink.

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Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. Quality Control and Quality Assurance .

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Appraisal Buzz

JUNE 27, 2022

Class Valuation, McKissock, and DataMaster are hosting a Free webinar on “ Staying Relevant in the Appraisal Industry ” June 28th at 2 pm with Mel Black, Matt Simmons, Jared Preisler, and Lamar Ellis. Lamar: I have over 30 years of real estate valuation experience and hold the Appraisal Institute designations of MAI and SRA.

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Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. Miami-based Marketwise Valuation Services , another AMC, was No.

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Appraisal Buzz

AUGUST 12, 2024

TRID is a set of regulations that combine the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). There will be many more data elements related to the inspection. Using a mobile device for inspections will be a must in the future.

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Appraisal Buzz

AUGUST 15, 2022

Joan: I am the founder and CEO of Allterra Group, LLC, publisher of Appraisal Buzz, and host of the annual Valuation Expo, the largest conference for the valuation community. Mark: Incenter’s growth in the lending world includes some of the largest military-based and non-bank lenders in the country. We put appraisers in control!

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CP Home Appraisals

AUGUST 27, 2018

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does. Do I need a home inspection as well?

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Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

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Appraisal Hub

JULY 26, 2024

This is called property valuation. What Is Property Valuation? The appraiser inspects the property from top to bottom. Why Do You Need Property Valuation? Getting a Loan: If you need a bank loan to buy a house, the bank wants to know the house’s value to be sure it’s lending the right amount of money.

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