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Jaro’s products are designed to offer new and improved solutions to help lenders tackle modern-day appraisals with pinpoint accuracy designed to eliminate bias and urban pricing discrepancies as homebuyers migrate between the suburbs and major cities. In fact, almost 20% of modern companies are fully remote as of 2024 , according to the U.S.
“Our goal has always been to provide clients with the most advanced, efficient and reliable tools available,” ClearValue CEO Don Juhl said in a statement. “By By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. general manager of valuations, said in a statement.
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. Lenders surveyed also think that modernizing appraisals could help enhance appraiser capacity and lower borrower costs.
Certainty , a crucial tool for lenders and valuation providers, will now leverage Restb.ai’s powerful AI technology to enhance its capabilities. Our goal has always been to provide clients with the most advanced, efficient and reliable tools available,” said Don Juhl, CEO & co-founder of ClearValue Consulting. “By
Department of Housing & Urban Development (HUD) has published a Final Rule in the Federal Register to modernize and strengthen regulations for the HOME Investment Partnership Program (HOME). HOME is one of the largest federal grant programs specifically for creating housing for disadvantaged households.
Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.
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.
Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession? Many stakeholders in the profession have given their opinions on what that means.
The drive toward modernization has led to technological advancements and more data-driven valuations, which leaves many appraisers at a crossroads: while these changes can lead to greater efficiency and fairer home valuations, adopting new tech can be scary. Many of us find it challenging, or even maddening, to learn new tech tools.
With these tools, lenders are poised to see “shorter loan cycle times, lower consumer costs, and an improved borrower experience,” the company said in a statement. Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry.
We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Market Leaders advanced newsletter automation tool can help. In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. Lets dive in!
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.
Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 The right digital tools can help construction companies stay competitive, improve efficiency, and meet evolving regulatory demands. Yet, despite this growth, up from $7.28
This scarcity catapulted appraisal costs and cycle-times running into three to four weeks in many cases and highlighted the growing need for appraisal modernization, including technological and data-driven solutions and other appraisal alternatives. HW: How does ValueLink technology modernize the appraisal practices?
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. This interview has been edited for length and clarity. SW: What keeps you up at night?
Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. Freddie Mac’s appraisal modernization strategy With these challenges in mind, Freddie Mac continues to work on modernizing the appraisal process for lenders that deliver loans to Freddie Mac.
They give you the ability to scale the amount of appraisals you can do with the current appraiser population that you have, and that’s an important part of all the modernization initiatives that have been going on,” said Scot Rose, chief innovation officer at Class Valuation. Be prepared to leverage it and to leverage these tools.”.
Learn about all of the features in RemoteVal – a free inspection app for appraisers. Mark : Remote Virtual Inspection is the key new technology that allows appraisers to visually “verify” on the date of inspection many of the relevant characteristics and conditions of a home. Buzz : Can we have your background in the industry?
The ERC Report A crucial tool in this process is the ERC report, which was standardized in the 1980s to make it easier to evaluate relocation properties. Although it seems complicated at first glance, the ERC form is actually a helpful guide that walks you through a systematic, exhaustive property inspection.
Today, new technology can assist appraisers, AMCs and lenders with visual inspection, analysis, and intelligence to validate information, detect issues, and derive data-backed insights on every loan. It is not a tool to replace appraisers. It can also accelerate the review process.
Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.
GoFormz offers a powerful digital solution to modernize AEC workflows with mobile forms that improve collaboration, enhance decision-making, ensure data security, and simplify regulatory compliance. Simplify Compliance and Documentation Regulatory compliance is a top priority in construction and engineering.
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Missing inspection forms or outdated maintenance records can lead to regulatory violations and hazardous job site conditions, posing significant threats to construction site safety. GoFormz allows for automated alerts for scheduled inspections, maintenance, and repairs, ensuring all equipment remains in top condition.
ClearLabs has brought innovative solutions to the market, including OwnerInsight , a first-to-market homeowner-enabled appraisal inspectiontool, available free to all lenders, appraisers, and AMCs.
Leveraging digital tools to streamline construction projects and minimize delays Anyone in the construction industry knows that delays can be costly. By using tools like digital forms and mobile technology, construction managers can streamline processes, improve communication, and significantly reduce project delays.
Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. SCOUT enables remote property inspections, which has been critical during the COVID-19 pandemic,” Black Knight CEO Anthony Jabbour said.
Accurate building measurements at times can be difficult to obtain due to factors that impede access, but the appraiser has a wide variety of tools to assist when obtaining field measurements. These technology tools may include: Tape measures or other standardized physical measuring devices. Laser measuring tools.
However, in recent years, the rise of data collectors has brought into question the integrity of modern appraisals. For example, a data collector may not be aware of the hundreds of items that an appraiser observes during an appraisal inspection. Data Collectors: Who Are They and What Do They Do?
Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. Tools for Desktops/Hybrids.
There will be many more data elements related to the inspection. Using a mobile device for inspections will be a must in the future. Appraisers can prepare for this change by using those tools right now. All the major software vendors have mobile applications for the current forms and process.
Couple that with the new Florida regulation requiring HOAs to maintain reserve funds for future expenses related to maintenance and inspections, and it’s no surprise that HOA dues are soaring. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.
This article will delve into the various technological tools and platforms that are modernizing the appraisal process, exploring the benefits, challenges, and future trends that are defining this evolution. These tools reduce the need for handwritten notes and allow data to be seamlessly integrated with other platforms.
Precision agriculture, as described by Geoffrey Ling and Blake Bextine of Scientific American , “combines sensors, robots, GPS, mapping tools and data-analytics software to customize the care that plants receive without increasing labor”. Users can also include GPS data detailing the location of the inspection.
These tools not only enhance productivity on the ground but also significantly improve administrative processes. Enhancing Construction Safety with Digital Tools Safety is paramount in construction, and digital tools are playing a pivotal role in enhancing construction safety.
Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Through Application Programming Interface (API) tools, partners can readily integrate modern valuation tools directly into their own systems to enhance their customers’ experience. March 1, 2022 —.
This modern framework enables industry participants to integrate with ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology. A unique function of AURA is its capabilities in conjunction with Clear Capital’s analytics and AI-driven tools that improve the review process.
The same data acquired from an aerial inspection has value to a number of real estate industries players. Matt: The tools to complete them have definitely evolved. An aerial inspection can provide valuable information that cannot be obtained from a ground-based inspection. Lamar: New tech provides new opportunities.
Keep your remote team efficient, connected, and productive with digital forms and data capture As remote and hybrid teams become more common in the modern workplace, digital forms have emerged as a powerful tool for streamlining communication and collaboration.
Property preservation remains a critical tool in helping prevent blight and ensuring that properties are returned to the market for future home buyers. This panel explored ideas about modernizing the practices and processes involved in inspections, hazard claims and disaster response, and rural and urban necessities.
elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} As the mortgage industry continues to evolve, property preservation remains a critical tool in maintaining the integrity and value of residential properties. elementor – v3.23.0 – 25-07-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color:#69727d;
In support of the appraisal modernization policy changes, it’s imperative that we are able to provide lenders with an efficient and seamless experience,” said Kenon Chen , EVP of Strategy and Growth at Clear Capital. For borrowers, this modernization can provide upfront value certainty and reduced costs for eligible loans.
Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management Reno, Nev.
Traditional methods of managing construction safety, such as paper forms and manual inspections, can be inefficient and prone to errors. In recent years, however, digital tools have revolutionized the way safety is managed on construction sites, significantly reducing risks and enhancing overall safety.
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