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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. However, they have several more pressing priorities when it comes to what they’re investing in.
From enhancing curb appeal to modernizing accents, these simple yet effective tips will elevate your listing and help you sell it faster. Add final touches with modern enhancements 13. Changing out the old hardware and other dated fixtures is a quick way to modernize a home. Why is home staging important?
To help you decide, weve put together a list of the best real estate broker transaction management software tools out there. Whether youre looking for streamlined team collaboration, powerful back-office solutions for your growing brokerage or tools that keep things simple, weve got you covered.
Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. But all of that takes years of investment to create something that is really battle tested and can have proven results.
driven tool, enabling us to capitalize on trends that drive performance, she said. We’ve invested quite heavily in consumer research to really understand how to better reach the total addressable market that exists, she said. Kristen Sieffert We also overhauled our data and reporting infrastructure using an A.I.
Department of Housing & Urban Development (HUD) has published a Final Rule in the Federal Register to modernize and strengthen regulations for the HOME Investment Partnership Program (HOME). Click here for more on HUDs HOME Investment Partnership Program (HOME). million homes have been completed through HOME funding.
What sets ICE apart is how they’ve united different tools into a single platform. By doing so, ICE helps its clients cut down on mistakes, speed up workflows, and offer a modern lending experience that works better for both borrowers and industry professionals.
Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession? Investing smartly in technology can make a huge difference. Can it be abused? Reconciliation.
Artificial intelligence (AI) tools equip real estate agents with unprecedented capabilities. While ChatGPT has become a go-to tool for many of us, predictive analytics tools offer a more efficient, data-driven approach to generating new client leads. When you buy through our links, we may earn a commission. Visit Top Producer 2.
We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. You can also create messaging for your investor clients to inform them of possible investment opportunities. Lets dive in! Summary What is a real estate newsletter?
HousingWire: What role does data and technology play in your financial planning and forecasting for 2025, and how are you leveraging these tools to enhance decision-making? HousingWire: How do you approach budgeting in a market where cost pressures, compliance demands, and technology investments are all increasing?
Venture capital firm Menlo Ventures led the latest Series B funding round, which also includes investments from title insurance company First American Financial , FinVC as well as participation from existing investors 8VC , Khosla Ventures and Fifth Wall.
Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology. Providing guidance and support during this process will be crucial for servicers in 2025.
At the end of the day, real estate is incredibly local and you have to be able to build tools that are able to handle that. I think it used to be an industry that was behind in terms of investment in software,” Baker said. The post In the race to modernize title, firms double down on software appeared first on HousingWire.
While this may not be feasible for all budget-friendly listings, it can be a worthwhile investment for higher-end properties. Upgrade your house numbers (Cost: $ ) Large, modern numbers enhance the entry’s look and visibility. Updated lighting adds a modern touch and enhances the home’s entire appearance.
Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. No doubt, investment in modernization is needed in the appraisal process.
Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Its the perfect tool for lenders looking to help more borrowers and one company is positioned to help you harness it. Both loan types allow all borrowers to invest using an LLC, granting access to tax benefits and other great things.
By writing and maintaining all of the code along with investing heavily in putting together a world class modern IT infrastructure that efficiently leverages a mix of modern technologies like the public cloud and API based software architectures, UWM has been able to turn on a dime and stay well ahead of shifts in the market utilizing technology.
Landlords can do that themselves with the right tools. Thankfully, online tools are built specifically to help new investors determine how much to charge for rent, find and screen tenants, and perform all the other tasks of owning rentals. In a modern world, these old-school methods are time consuming, risky, and turn tenants away.
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. Many of us find it challenging, or even maddening, to learn new tech tools.
Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation. Many reasons given for appraisal modernization stem from appraisal turnaround times.
In the modern mortgage market , mortgage rates are close to 7%, and the gig economy has pushed some borrowers away from trying to qualify for conventional mortgages. For brokers who work with non-QM borrowers, success depends on working with the right lender one that can provide the tools and flexibility to meet borrower needs.
Leverage tools like personalized buyer presentations to demonstrate expertise, negotiation skills, and convince clients that a professional doesnt just bring the table they are the table. Manage massive lead databases with precision Quality over quantity is a forgotten mindset in the modern real estate world.
This modern framework “enables industry participants to integrate into ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology,” a release from Stavvy explained. The SDK, which was used for two decades by ICE, is being “sunsetted” by Oct.
Servicing software improves efficiency and customer satisfaction Modern mortgage servicing software gives lenders an edge thats so efficient, it almost seems unfair. As competition intensifies, those who invest in robust servicing tools and customer-centric strategies will be well-positioned to build long-term loyalty and thrive.
Why use LinkedIn for real estate Lets move past the misconception that LinkedIn is only for job-seekers and embrace it as an underutilized tool for real estate professionals. Be sure whatever you choose is on brand for you – is your brand more quirky and fun or more high-end and modern? The more detail, the better.
Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 The right digital tools can help construction companies stay competitive, improve efficiency, and meet evolving regulatory demands. Yet, despite this growth, up from $7.28
Agents, teams and brokerages are now seriously reconsidering the technology platform, tools and services needed to effectively do business today. But to truly modernize and automate the time-consuming, manually intense processes that have plagued our industry for years, we need to look beyond trendy apps and siloed point solutions.
Since the announcement , we have heard from a number of lenders and partners about their excitement over our ability to accelerate the digital journey of our industry, our ability to invest in the modernization of the MSP servicing platform, and the open technology approach we bring to the deal.
People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. What’s the worst that can happen if we don’t invest in this technology?”. That makes a smart CRM a “need to have” tool. How marketing saved my business.
Each neighborhood will receive a $500,000 grant to create a comprehensive “Transformation Plan” to modernize existing HUD housing, improve workforce, health, and education outcomes for residents, and attract long-term public and private reinvestment, all aimed at building community wealth and strengthening local economies and businesses.
The first is the ongoing impact of artificial intelligence (AI) tools, which if deployed effectively provide an opportunity for property managers to increase operational efficiency and unlock business intelligence. New AI tools can eliminate the urgent, distracting busywork that leads to both retention issues and operational inefficiency.
Freddie Mac says the review, after borrowers give permission, will enable lenders and brokers to identify 12 or more months of cash-flow activity for inclusion in the tool’s risk assessment, and can only positively affect a borrower’s credit risk assessment.
That is more true than ever today, and it is why strategic technology investments are key. New tools can also leverage loan-level borrower data and live rate sheets to determine when a borrower in a servicer’s portfolio is eligible for a cash-out refinance, and even reach out to the borrower with a personalized loan offer.
Whether through machine learning tools that create quick and accurate measurements, or digital platforms that allow lenders and appraisers to interact directly, technology is helping modernize previously inefficient workflows, which enable appraisers to add efficiencies to the appraisal process. .
From upgrading your real estate website with eye-catching and functional marketing tools, to harnessing AI and a few other unconventional tactics, this guide explains the best lead generation ideas for real estate agents. Learn more Use this tool: SmartZip SmartZip uses predictive analytics to identify potential sellers in your area.
He also often looks to the robust marketplace of technology tools available to help automate the mundane to ensure he stays focused on his skill set: delivering stellar customer service. Will they invest in technology and do they have the right systems in place? It also helps to connect with prospects and build trust.
We’ve been a company that’s been investing very heavily in bringing data analytics and technology into the valuation space. We’ve been very involved in appraisal modernization [and] investment over the past five years,” Kenon Chen, EVP of corporate strategy at Clear Capital, said. “We’re
Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this week. Presented by: Incenter. Class Valuation also has digital floor plan capabilities.
While the sites on offer for Real Geeks’ entry-level Establish plan might not be as polished as AgentFire’s, we think they look great, especially when you consider the advanced CRM and Facebook advertising tools that come with the package. At higher price points, Placester’s value proposition becomes less clear.
“Affordable housing is vital for families throughout Illinois and the Low-Income Housing Tax Credit continues to be an important tool to drive investment in the affordable rental housing market,” said Rep. LaHood in a statement.
HousingWire recently sat down with Polly CEO Adam Carmel to discuss how lenders can break old habits and redefine the mortgage process through innovation and modern, advanced technology. annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7% Presented by: Polly.
How modernized servicing creates customers for life. The company was recognized as one of the 2021 HW Tech100 winners for its native eSign and hybrid transaction tools. The lead investor in the Series A round, Morningside Technology Ventures, is a private equity and venture capital investment firm based in Cambridge and Hong Kong.
Mortgage Cadence has recently launched their new platform offering the industry’s most complete, modern LOS that delivers cloud-based, automated loan origination capabilities designed to enable an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products.
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