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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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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Housing Wire

OCTOBER 2, 2023

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .”

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Appraisal Buzz

MARCH 21, 2022

Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke!

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Appraisal Buzz

DECEMBER 20, 2021

Rarely do sub-processes of mortgage loan origination have the opportunity to undergo similar stress tests. It quickly became apparent that the health risk would prevent professional fee appraisers from entering properties in order to inspect them for their appraisal reports. Mortgage servicing is a good example.

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Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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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

Over the last several years, significant technology trends continue to change the way people interact and work, and collateral valuation is no exception. This unique valuation offering is bolstered by the industry’s largest, most comprehensive database of property and homeowner information and recorded document images.

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Housing Wire

MAY 2, 2021

One of the first steps in determining a property’s value is the use of an Automated Valuation Model (AVM). Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle. With that said, not every AVM is created equal.

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Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. However, the husband and wife in this article are not valuation professionals. Let’s unpack this situation….

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Appraisal Buzz

JANUARY 27, 2025

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. The residential appraisal profession is at a transformational moment.

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Appraisal Buzz

JUNE 13, 2022

Technology will continue to infiltrate the industry – learn about how ProxyPics technology and tools will put you at the forefront of real estate transactions as the GSEs continue to evolve valuation options in the digital age. Luke Tomaszewski: I’m an 18-year veteran of the real-estate valuation industry.

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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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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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Housing Wire

MARCH 21, 2023

Lender and appraisal management companies and other property data collection companies can now use Black Knight ‘s Scout mobile property inspection as part of the value acceptance plus property data process. The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative.

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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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Housing Wire

AUGUST 5, 2022

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process.

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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.

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Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Quantarium, an artificial intelligence and RE data analytics company, along with Valligent Technologies, a valuation technology innovator and an appraisal management company, created QVM Insights.

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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

OCTOBER 28, 2024

The announcement was made on Monday during the Mortgage Bankers Association (MBA) Annual Convention & Expo in Denver, Colorado. The maximum LTV ratio will increase from 80% to 90% for appraisal waivers and from 80% to 97% for inspection-based appraisal waivers, consistent with standard guide eligibility guidelines.

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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? Phil King is vice president, principal product manager, EXOS Valuations at ServiceLink. if the option was available to them.

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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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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

JULY 11, 2024

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process.

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Appraisal Buzz

AUGUST 25, 2021

PropMix announces rebranding of MCA, its real estate valuation platform, changes name to Profet.ai. NEW YORK / Aug 24, 2021 / – PropMix.io, the creator of the real estate valuation platform called Market Conditions Advisor (MCA), has rebranded the platform to better reflect its vision and capabilities. About PropMix. PropMix.io

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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. Currently, the appraisal process is the biggest issue facing the mortgage industry,” the mid-sized lender said. “It

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Appraisal Buzz

OCTOBER 29, 2024

Lora Helt has joined Ascribe , a national provider of residential and commercial valuation, evaluation, property inspection, and REO services to mortgage lenders and servicers, as senior vice president of national sales. Helt is an industry veteran with years of experience in mortgage origination and servicing.

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Housing Wire

DECEMBER 6, 2021

They refinanced their mortgage in 2018 and 2019, and sought to do so again in 2020. It was in this third iteration of mortgage refinancing where the alleged appraisal bias occurred. This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”.

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Housing Wire

JUNE 30, 2021

The right mortgage services provider is essential to helping wholesale lenders and their brokers thrive in this constantly evolving market. ServiceLink’s unique tech-enabled mortgage services include valuations as well. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Housing Wire

JANUARY 12, 2023

trillion spike in tappable home equity in the first quarter of 2022 was a stunner, especially as it topped off a 12-month period that saw a 34% collective gain among mortgage holders. Automated inspections and valuations — Technology is improving valuation methods and workflows to make appraisals faster.

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Housing Wire

MAY 2, 2022

COVID-19 brought many changes to the housing industry as stay-at-home orders forced companies in the space to re-think the mortgage process. The appraisal industry was no exception, creating hybrid or remote models to conduct an appraisal and home inspection without physically entering the home as COVID-19 cases rose.

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Housing Wire

MARCH 3, 2023

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.

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Housing Wire

JANUARY 13, 2021

United Wholesale Mortgage ( UWM ) unveiled a new policy this week, telling brokers that appraisals will be completed within 10 business days or they’ll refund 50% of the appraisal cost back to the customer. It’s expected to achieve a valuation of $16.1 It’s also offering ultra-low rate mortgages on FHA loans.

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Housing Wire

DECEMBER 8, 2022

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. Alternative valuation models and products enable better use of the appraisers that are available. “We But what if we want to close even faster?

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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. They also are using computer vision to validate third-party valuations prepared by appraisal management companies.

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Appraisal Buzz

AUGUST 9, 2021

Not so long ago, there were very few appraisers that knew about property inspection waivers. Who even knew about desktop valuations or evaluations? Answer: the appraisers that paid attention to policy changes and the inner workings of the mortgage industry. Mortgage work is driven by interest rates.

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