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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

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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Porch breaks into insurtech with $100M acquisition

Housing Wire

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. In all, Porch spend $122 million, according to disclosures made to the Securities and Exchanges Commission.

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Opportunities to improve the home-building process

Housing Wire

The build process was a logistical nightmare from start to finish. So many times I wondered to myself, “Why are site logistics and materials managed by someone in a truck writing on a notepad?” “Why I know that’s not the case for most people. There are tons of overlapping components to understand. Why are costs so unpredictable?”

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Porch acquires mortgage software firm Floify for $90M

Housing Wire

Furthermore, in January the proptech firm acquired home insurance company Homeowners of America for $100 million, mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing.

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Best practices to speed up the appraisal process

Housing Wire

Another appraisal innovation is Freddie Mac’s ACE+ PDR product (automated collateral evaluation plus property data report) solution, which involves an inspection-based waiver and has been in effect since July. We are effectively increasing the supply of people who can go and facilitate inspections in the industry,” Zitin said.

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Preserving the American Dream

Appraisal Buzz

This dispersion poses logistical challenges and increases operational costs for our vendors. We are exploring batching inspections. Regular inspections help to identify and address any issues promptly, maintaining the security and integrity of the properties. How is AI impacting the sector? How is AI impacting the sector?

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Selling your home to a family member in 5 easy steps

Housing Wire

Agree on how to proceed Start the conversation early so you all agree on the logistics of the sale from the beginning of the process. Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. Put everything in writing. Agree on contingencies.