Housing Wire

JULY 24, 2024

What is happening with condos is that we have the condo safety act that was implemented, and the milestone inspections, and then the reserve fundings that are going to be required,“ Pithers added. Then those milestone inspections are forcing associations to do work that makes their complexes more attractive as an insured risk.

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Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

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Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

JANUARY 26, 2021

People often confuse the home appraisal with the home inspection. Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer.

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Housing Wire

NOVEMBER 18, 2020

In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. When inspections are safe and feasible, appraisers are wearing personal protective equipment (PPE) such as masks, gloves and shoe coverings.

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Inspection Valuation Appraisal Technology 397

Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. 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.

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Mortgage Valuation Lending Technology 417

Housing Wire

OCTOBER 31, 2024

Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai Restb.ai’s technology will be compatible with broker price opinions, appraisals, inspections and forms. “By is designed to allow an AI-powered system to analyze photos of a property for identification and verification purposes.

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Appraisal Process Appraisal Valuation Review Valuation 458

Housing Wire

FEBRUARY 28, 2025

With less competition, some buyers are backing out during the inspection period, hoping for a better deal. High mortgage rates and Home Prices : The average 30-year fixed mortgage rate hit 6.96% in January, an eight-month high. Many are opting to wait out market instability before committing to a purchase. Las Vegas 17.9%

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Appraisal Buzz

NOVEMBER 13, 2024

home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.

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Real Estate Sellers Buyers Renovations 417

Housing Wire

NOVEMBER 4, 2024

Mortgage butterflies As confident and comfortable as I was in the home search process and the paperwork involved in signing on with an agent, I was not feeling great about the mortgage preapproval and application process. But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage.

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Agents Inspection Real Estate Sellers 435

Appraisal Buzz

FEBRUARY 6, 2025

Quality control (QC) in mortgage servicing is a necessity in order to ensure that products and services meet quality standards and customer expectations. Steps to Avoid Risk What steps should mortgage servicers and subservicers take in order to identify and manage inherent servicing risks? first appeared on The MortgagePoint.

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Mortgage Inspection Technology Clients 221

Housing Wire

APRIL 24, 2024

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a new edition of its Supervisory Highlights publication, which includes the agency’s actions to combat what it calls “ junk fees charged by mortgage servicers , as well as other illegal practices.”

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Mortgage Property Taxes Insurance Inspection 476

Housing Wire

MAY 20, 2024

which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA). This explains that damage inspections may be completed by “any FHA Roster Appraiser in good standing with geographic competence in the affected market.”

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Reconsideration of Value Mortgage Inspection Insurance 459

Housing Wire

MAY 2, 2021

First American offers an integrated suite of staff and network appraisal products and services, including standard appraisals, collateral inspection services and hybrid valuations through First American Mortgage Solutions’ Appraisal Management Company (AMC) and the First American Staff Appraiser Company.

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Technology Valuation Mortgage Inspection 459

Housing Wire

OCTOBER 5, 2021

This is slightly higher than the number of buyers who reported purchasing a home without a mortgage (68%). One such way a buyer could make their offer more appealing is by waiving an inspection. Overall, sellers were typically white (72%) and selling in suburban areas (51%) in the South (41%).

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Sellers Inspection Buyers Finance 545

Appraisal Buzz

MARCH 5, 2025

High mortgage rates and high home prices combined with economic uncertainty are causing some would-be buyers to change their minds. As a result, some house hunters backing out during the inspection period because a better house for them has come along or at least the promise of a better house.

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Buyers Inspection Agents Contracts 273

Housing Wire

AUGUST 9, 2022

AIQ by ICE Mortgage Technology. AIQ by ICE Mortgage Technology , is an omnichannel solution that leverages artificial intelligence that enables lenders, investors, and servicers to automate manual workflows and increase productivity and quality, while reducing risk and boosting ROI. Product Fast Facts. #1. Get More Info.

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Technology Mortgage Inspection Investors 418

Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers.

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Mortgage Inspection Law Contracts 397

Housing Wire

AUGUST 13, 2024

Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. The CFPB has found that investors are targeting people of faith with predatory mortgage products that set the borrower up to fail,” CFPB Director Rohit Chopra said in a statement.

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Contracts Mortgage Law Sellers 482

Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. Are borrower-assisted inspections here to stay? The issue of appraisers needing to inspect homes as part of the mortgage process became a concern as the virus continued to spread throughout the nation.

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Lending Appraisal Inspection Property Appraisal 540

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).

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Inspection Insurance Mortgage Design 476

Housing Wire

OCTOBER 1, 2020

Realtor.com and Rocket Mortgage , two of the biggest companies in the digital real estate space, have formed a key advertising partnership that their competitors are sure to notice. We send them a link to get digitally preapproved through Rocket Mortgage, and we alert the agent that they’re going through this flow. .”

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Advertising Real Estate Agent Mortgage Real Estate 459

Housing Wire

NOVEMBER 2, 2020

First, Federal Reserve actions loading taxpayers with debt that now exceeds total GDP, which drove mortgage rates to historic lows. In short, they are getting the best credit quality borrowers in the mortgage market with confirmed fresh credit data. Second, agency MBS is one of two Triple-A rated instruments in housing on this earth.

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Marketing Mortgage Government Inspection 537

Appraisal Buzz

JUNE 17, 2022

As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Below are five remote inspection tools worth. The post 5 Remote Inspection Tools for Desktop Appraisals appeared first on Appraisal Buzz.

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Inspection Tools Appraisal Technology 195

Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Why should the mortgage process be any different? The post Mortgage lenders need to lean in to consumer expectations appeared first on HousingWire. if the option was available to them.

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Mortgage Technology Inspection Appraisal 448

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. The post Porch acquires mortgage software firm Floify for $90M appeared first on HousingWire. The acquisition cost Porch about $76.5 Floify was founded in 2012 by Dave Sims, who is CEO of the company.

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Mortgage Logistics Insurance Real Estate Agent 418

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. That’s likely because those strategies are so common in a competitive market.

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Inspection Inventory Buyers Sellers 545

Appraisal Buzz

JANUARY 27, 2025

In addition, more than ever, our profession needs to foster a larger pipeline of qualified talent who can bring a diversity of experience to promote survival of the profession and serve homebuyers and the mortgage finance industry.

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Appraisal Inspection Modernization Valuation 354

Housing Wire

SEPTEMBER 5, 2024

mortgage market in 2023, up from 14.3% Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S.

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Buyers Real Estate Agent Inspection Real Estate 476

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.

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Inspection Buyers Appraisal Investing 78

Housing Wire

SEPTEMBER 22, 2023

But with rising mortgage costs and high interest rates , refinancing doesn’t always make the most sense. The AAR consists of an onsite property inspection completed by a local and licensed real estate agent or broker. Borrowers everywhere are seeking new ways to tap into their home equity.

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Real Estate Agent Inspection Valuation Real Estate 459

Housing Wire

JUNE 27, 2023

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. That savings can be passed on to borrowers.”

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Mortgage Modernization Appraisal Process Loan Conditions 367

Housing Wire

AUGUST 8, 2023

Jaro Jaro technology is transforming the mortgage industry by offering appraisers a more efficient way to deliver final inspections right from the field. JaroInspect is the industry’s only compliant software that generates a 1004D inspection from the field. Get More Info

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Final Inspection Inspection Technology Clients 370

Housing Wire

NOVEMBER 8, 2023

Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. During the last refi boom, some appraisers were scheduling inspections as far as four to six weeks out, which was slowing down the entire loan transaction.

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Valuation Inspection Modernization Training 430

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. Getting approved for a mortgage depends largely on the outcome of an appraisal. Mortgage lenders want to make sure the property is worth the sale price.

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Real Estate Appraisal Agents Inspection 476

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.

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Valuation Appraisal Inspection Appraisal Process 435

Housing Wire

JULY 23, 2024

That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

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Inventory Buyers Inspection Sellers 508

Housing Wire

MARCH 18, 2024

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.

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Valuation Reconsideration of Value Tools Technology 448