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.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Housing Wire

AUGUST 21, 2024

The owner of the company said to me, “Well, you know, Debbie, when it comes time to do the termite inspection, you get in the way. I do the inspection. I will arrange the inspection. I’ll go do the inspection. I’ll go do the inspection. You call the client, then you call me to arrange it.

Inspection 447

Inspection Training Clients Real Estate Agent 447

Housing Wire

AUGUST 31, 2023

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. Property data collection consists of a complete interior and exterior inspection of the subject property. More recently, Fannie Mae launched a similar solution.

Modernization 418

Modernization Appraisal Inspection Valuation 418

Appraisal Buzz

OCTOBER 18, 2021

The bottom line to me was that my decade or more of experience at that point in my career was valuable, but the efficiency I needed to be successful in mortgage work was devaluing my time from an efficiency perspective. My solution was to hire and train a few folks that could help me develop and support my workflow and processes.

Modernization 370

Modernization Valuation Appraisal Training 370

Housing Wire

SEPTEMBER 13, 2023

It makes accessible information that used to be hard to obtain, such as the condition of the backyard, the proximity of a property to a loud road, train tracks, or a body of water as well as the occupancy status of a property. The solution renders an array of nationwide property information available in one PDF report.

Tools 418

Tools Valuation Inspection Investors 418

Housing Wire

AUGUST 22, 2024

For many Realtors, the biggest challenge so far has been convincing strangers to meet in a strange place to discuss strange topics—buying a home, getting a mortgage , negotiating inspections, etc. Instead, it stems from the need to formally consult and contract with potential buyers before opening any doors.

Real Estate 476

Real Estate Realtors Contracts Agents 476

Housing Wire

MARCH 10, 2023

” The participating firms, which will collect appraisal data and put it through Fannie Mae’s API, include the biggest name in the mortgage tech space: Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

Valuation 397

Valuation Inspection Training Appraisal 397

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). There are also the economics of training new appraisers and the numerous and disparate state laws and lender prohibitions. What am I talking about?

Modernization 367

Modernization Inspection Appraisal Technology 367

Housing Wire

JULY 11, 2024

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon’s data collection process involves comprehensive inspections of the subject property, both inside and out.

Lending 466

Lending Appraisal Appraisal Process Valuation 466

Housing Wire

MARCH 23, 2021

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. Use of an automated valuation model (AVM) paired with a property inspection has alleviated some of the capacity constraints in the workforce while saving time and costs for consumers. HW: What is the No.

Appraisal 415

Appraisal Valuation Inspection Modernization 415

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. Provide tax monitoring and collection on performing and non-performing loans.

Lending 392

Lending Clients Training Investors 392

Appraisal Buzz

JUNE 13, 2022

With an aim to change the way homes are photographed for mortgage needs in the digital age, I created ProxyPics, my second US patent. However, the 70H/1004H is also gaining traction as the GSEs have made it acceptable for trained data collectors to physically inspect a property to save the appraiser time and additional expenses.

Valuation 370

Valuation Technology Real Estate Appraisal 370

Housing Wire

DECEMBER 6, 2024

How about that pest control service you used for your clients termite inspection? Inman.com Timely real estate news, agent advice and training, tech trends and reviews, market trends, and more. Its the best place to find average mortgage rates. Is a new restaurant coming to town?

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

OCTOBER 29, 2021

A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. EXOS Inspect is a mobile app that allows borrowers to conduct their own home inspections when a traditional appraisal is not required, such as in home equity lending.

Inspection 300

Inspection Technology Clients Tools 300

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. Diagnosing low H4P uptake. of all endorsements in 2021. of all endorsements in 2021. Harlan Accola.

Business 370

Business Real Estate Agent Real Estate Loan Officers 370

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. In these scenarios, no inspection or appraisal of any kind is performed on the property. Navigating appraisal challenges in today’s housing market.

Appraisal 370

Appraisal Valuation Real Estate Modernization 370

Housing Wire

MAY 23, 2023

To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you. The need to physically inspect each property will be replaced with data or other inspection options in many cases.

Technology 397

Technology Appraisal Lending Valuation 397

Appraisal Buzz

OCTOBER 14, 2024

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. Meanwhile, incomplete or inaccurate information can lead to faulty lending decisions that put lenders and their AMCs at risk.

Valuation 368

Valuation Renovations Technology Appraisal 368

Appraisal Buzz

AUGUST 12, 2024

There will be many more data elements related to the inspection. Using a mobile device for inspections will be a must in the future. Flexibility is crucial; appraisers should seek software that does not focus on mortgage assignments only. Appraisers can prepare for this change by using those tools right now.

Appraisal 370

Appraisal Inspection Lending Training 370

Appraiserblogs

AUGUST 2, 2021

Register today if you want to take this training: August 12, 2021 | 10:00 AM – 12:00 PM (Mountain) This training covers FHA appraisal requirements, including FHA appraisal protocol and policy as outlined in FHA’s Single Family Housing Policy Handbook 4000.1,

Training 144

Training Inspection Appraisal Real Estate 144

Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. These color codes were designed to indicate where it was safe to insure mortgages. Anywhere African Americans lived or lived nearby, were colored red to indicate that these neighborhoods were too risky to insure mortgages.

Valuation 370

Valuation Appraisal Real Estate Insurance 370

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.

Appraisal 135

Appraisal Inspection Appraisal Process Valuation 135

Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 Mandate: November 2, 2026 UAD 2.6 Retirement: May 3, 2027 Shorter list 2024 Appraisers go mobile. 2024-2025 Software companies, lenders, AMCs built for the new UAD.

Appraisal 86

Appraisal Training Contracts Mortgage 86

Premier Home Appraisal Blog

AUGUST 11, 2024

Premier Home Appraisals is hosting an information-packed interactive training session for the Winchester/Shenandoah Valley market that brings the nuts and bolts of residential property appraisal right to your fingertips. All things appraisal property inspection. What counts as a bedroom? How do we communicate with Homeowners?

Real Estate 98

Real Estate Appraisal Process Appraisal Bracketing 98

Appraiserblogs

MARCH 9, 2023

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. Two options for the future, both of which do great harm to the appraisal industry.

Appraisal 110

Appraisal Inspection Training Property Inspector 110

Appraiserblogs

MARCH 8, 2023

FHA/USDA/ONAP also expects appraisal accuracy using an inspection protocol that many appraisers object to, and some choose not to do. Related Posts: Exactly How Are Property Data Collectors Professionally… Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives.

Modernization 108

Modernization Inspection Training Appraisal 108

Housing Wire

DECEMBER 7, 2023

6 months course access Ridgeline: All features of Base + Livestream option and Forms Training 101. Visit Website Overview The Lee Institute School of Real Estate combines professional instruction and video format training to make the concepts of the real estate business more digestible and engaging. 25 hrs livestream access.

Real Estate 434

Real Estate Real Estate Agent Law Brokerage 434

Appraisal Buzz

JUNE 12, 2024

VRM Mortgage Services is a company born during a very different era for our industry. The company launched VRM University (VRMU) in 2009, offering “specialized training for financial services and real estate professionals.” VRM Mortgage Services President & CEO Keith Murray and EVP & COO Dr. Cheryl Travis-Johnson /*!

Training 221

Training Business Human Resources Appraisal 221

Premier Home Appraisal Blog

MAY 17, 2023

Are you a real estate professional or mortgage lender looking to learn more about the home appraisal process? Matt and his team have been invited to host an information-packed interactive training session that brings the nuts and bolts of residential property appraisal right to your fingertips. All things appraisal property inspection.

Appraisal 98

Appraisal Bracketing Appraisal Tips Inspection 98

Housing Wire

APRIL 22, 2024

Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. House-hacking is a great way to build wealth and pay down your mortgage. She developed training materials, classes, and coaching programs for her fellow introverts.

Real Estate 464

Real Estate Open Houses Brokerage Real Estate Agent 464

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. They included appraisers, real estate agents, and someone with a week, a month, or online video training. Most of the inspection training we receive as appraisers happens in the field. Sometimes, the “training” was not as thorough as it should have been.

Appraisal 90

Appraisal Training Inspection Real Estate 90

Clear Capital

AUGUST 28, 2024

As the real estate and mortgage industries work to modernize the home valuation process , Freddie Mac and Fannie Mae continue to offer new collateral valuation methods. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and borrowers. What is an appraisal waiver?

Inspection 36

Inspection Appraisal Real Estate Agent Training 36

Genworth MI Blog

MAY 28, 2020

predictable scheduling, no weather delays, ease of inspection, etc.). To leverage opportunities for expanded housing availability and affordability via manufactured housing, the mortgage industry should remain focused on prudent and sustainable lending practices. Dependable construction timing (e.g. can work at night).

Construction 148

Construction Loan Officers Training Lending 148

DataMaster

APRIL 6, 2021

Appraising is an often misunderstood part of the refinance and mortgage process. Appraisers are highly educated and well-trained. An appraiser researches available public information online and does a physical inspection of the home. I Just Don’t Get It! But do your customers understand how an appraisal works?

Appraisal 158

Appraisal Appraisal Process Buyers Training 158

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.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

Appraisal 68

Appraisal Inspection Real Estate Agent Training 68