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Are borrower-assisted inspections here to stay?

Housing Wire

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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Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

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Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

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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With homegenius Real Estate’s solutions, lenders can help homeowners explore their home equity options

Housing Wire

The HELOC solutions provided by homegenius Real Estate include: Automated Valuation Model (AVM) : The AVM, known as geniusprice, allows users to estimate a home’s price by leveraging homegeniusIQ, homegenius Real Estate’s proprietary AI, image recognition and computer vision technology.

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Incenter’s virtual appraisal solution brings “arms-length” photos back to the remote inspection process

Housing Wire

As many real estate professionals saw firsthand, the valuation process was disrupted by the coronavirus pandemic. With social distancing and lockdown orders, inspectors and agents struggled to determine a home’s value without being there in-person.

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Freddie Mac’s updates to the ACE + PDR valuation option

Housing Wire

“The second part of the strategy is to offer a wider variety of valuation options.” From a modernization perspective, we want to promote consistent and fair valuation outcomes, simplify the loan manufacturing process, reduce borrower costs and effectively manage risk. If we can check those boxes, we succeed.

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9 tips for homebuyers in non-disclosure states

Housing Wire

Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial. Experienced agents have access to databases, networks, and resources that can help buyers gather information about recent sales in the area.