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Ocrolus debuts Inspect, a new AI-driven mortgage solution

Housing Wire

Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination.

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MBA to HUD: Publish notices about challenges with real estate inspection protocols

Housing Wire

Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.”

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Incenter Appraisal Management and McKissock Learning Form Desktop Valuation Training Partnership

Appraisal Buzz

LOUIS — January 24, 2022 — With Fannie Mae and Freddie Mac accepting desktop appraisals beginning in March, Incenter Appraisal Management and McKissock Learning are partnering to help appraisers update their remote inspection skills in response. Additional webinars will be scheduled on an ongoing basis. About McKissock Learning.

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How data and technology can combat appraisal bias

Housing Wire

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.

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Most good things change, and most change is good!

Appraisal Buzz

We have seen new ways of creating the same product, new technologies, new consumer preferences – the demands of time and money have hastened these changes. We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection).

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The appraisal revolution: How Opteon is transforming the lending landscape

Housing Wire

By focusing on these technological advancements, Opteon not only improves the appraisal process but also offers significant competitive advantages to its lender customers. Opteon’s approach to data collection addresses these challenges by integrating cutting-edge technology with professional expertise.

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The Digital Transformation of Appraisal Data

Appraisal Buzz

“We tend to overestimate the effect of a technology in the short term and underestimate the effect in the long term.” This is the little-known Law of Amara that describes how we perceive the impact of new technology on our lives. This is the digital transformation of the appraiser’s inspection data. 5G transmission speeds.

Appraisal 482