Housing Wire

MAY 25, 2021

Combined with our newly acquired capabilities such as RON, a notary network and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide customers with end-to-end mortgage services and solutions.”.

Mortgage 435

Mortgage Valuation Loan Officers Retail 435

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. Top recommended AI application ideas included compliance, underwriting and property valuation.

Technology 434

Technology Lending Valuation Mortgage 434

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The answer is simple: Using modern collateral valuation solutions results in both cost and time savings for the borrower. Why do we need them?

Modernization 417

Modernization Appraisal Inspection Valuation 417

Housing Wire

OCTOBER 6, 2020

Lending technology out of focus. Focusing our efforts to leverage big data and smarter automation on the front end of the loan origination process made sense in the beginning when the mortgage industry was entering the digital age. Borrowers were not comfortable turning over their credentials to loan officers or processors.

Technology 476

Technology Mortgage Investors Investing 476

Housing Wire

JULY 3, 2024

For instance, we started working with machine learning for automated valuation models back in 2017. At Clear Capital, we started using machine learning for our automated valuation model in 2017. This is especially true for machine learning, since much of the “AI” happens before you really interact with it as a user.

Training 432

Training Tools Lending Valuation 432

Housing Wire

AUGUST 12, 2020

Blend announced Wednesday it has raised a $75 million Series F round at a valuation of nearly $1.7 Virtually every aspect of mortgage lending can be improved through digitization,” Mayopoulos added. Stay tuned for updates. billion, making it officially a unicorn.

Investing 508

Investing Loan Officers Technology Development 508

Housing Wire

FEBRUARY 7, 2024

Ultimately, Rithm decided to restructure its origination business at the beginning of 2024, which resulted in cuts to regional and divisional managers at Caliber Home Loans along with reductions in compensation for loan officers. The company’s stock traded at $10.11 on Wednesday morning, down 4.45% after the earnings report.

Valuation 445

Valuation Business Mortgage Loan Officers 445

Housing Wire

DECEMBER 13, 2024

Planet Financial Group , the parent company of Planet Home Lending , completed the issuance of $475 million in senior unsecured notes this week, the latest mortgage company to raise debt in an oversubscribed transaction. The companys initial target for the offering was $400 million. The notes, which carry a 10.5%

Retail 333

Retail Loan Officers Investors Lending 333

Appraisal Buzz

JUNE 7, 2021

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Can’t make the time? Register to receive the full recording in your inbox as soon as it’s over!

Training 366

Training Reconsideration of Value Valuation Appraisal 366

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow. “Our

Mortgage 397

Mortgage Technology Loan Officers Investing 397

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. In early June, luxury-focused Side , which has raised more than $200 million at a valuation of $2.5 I don’t think it’s a win for anyone on the lending side.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Appraisal Buzz

OCTOBER 3, 2022

According to the Uniform Standards of Professional Appraisal Practice (USPAP), the rules that all professional appraisers are required to abide by, appraisers must take into consideration all market trends and other influences on property value in their valuation opinions. USPAP Rule 1-3 (d) (v) makes this clear.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Appraisal Buzz

MAY 17, 2021

This left the appraiser wide-open to being a target of “a series of errors” that affected the credibility of the valuation results. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Appraisers’ jobs are not to facilitate mortgage lending.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

OCTOBER 7, 2022

” Our real estate agent and mortgage lending partners experience a strong ROI, generating leads by engaging with consumers through unique and compelling information based on data. HW: How can real estate agents and loan officers collaborate to foster strong relationships with clients despite rising rates? In 2021, Percy.ai

Housing Market 396

Housing Market Real Estate Agent Marketing Real Estate 396

Housing Wire

NOVEMBER 7, 2023

A good example here is CoreLogic buying a POS this year and bringing it together with their valuation and automated underwriting capabilities. This makes the POS more relevant as a loan manufacturing tool, giving loan officers and underwriters a more complete borrower and property profile sooner in the process.

Mortgage 434

Mortgage Loan Officers Valuation Tools 434

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. Based on lender interviews and market reports, appetite for lending on each of the property types generally falls into in the following ranking (in order of best to worst). We had a great discussion!

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

OCTOBER 7, 2020

“The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said. It will also provide brand awareness for the Realtor or loan officer involved in the transaction because every communication has their photo and branding.

Real Estate 370

Real Estate Insurance Technology Loan Officers 370

Housing Wire

MAY 2, 2021

With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience. Brian Zitin, Co-Founder and CEO.

Appraisal 227

Appraisal Appraisal Process Valuation Loan Officers 227

Housing Wire

APRIL 30, 2021

In today’s market, mortgage originators are forced to intertwine different software and technology to support the lending process from start to finish. Because of this, originators are having to mimic technology companies instead of focusing on buying and selling, underwriting credit risk and servicing loans.

Mortgage 321

Mortgage Technology Investors Lending 321

Housing Wire

JULY 29, 2024

At FHFA’s first-ever tech sprint last year , the focus was on the front end of mortgage lending and increasing tech adoption. AI 4 Fairness Single-family refinancing Goal is to increase refinancing opportunities for Black and Latino borrowers by improving their creditworthiness and ensuring fair valuation of their properties.

Tools 359

Tools Training Tenants Property Management 359

Housing Wire

NOVEMBER 8, 2021

Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender. They’ll just accept an offer with a conventional loan, but VA loans freak them out and they want more information even though it might be the strongest offer they receive.”.

Clients 418

Clients Agents Buyers Sellers 418

Clear Capital

OCTOBER 16, 2024

The launch of the Product Portal decreases the time it takes for users to receive a reliable valuation, as well as analytics products, to aid them in their decision-making process. This is another step forward for us as we work to reduce friction in the valuation process for all industry players.”

Valuation 69

Valuation Tools Investors Inspection 69

Cleveland Appraisal Blog

MARCH 30, 2021

I’m grateful that nearly half of my work these days is not for lending purposes. Yesterday, the lender sent me some sales that the loan office obtained from the builder, that were supposed to support a higher opinion of value. The number of professional reconsiderations of value coming in are increasing.

Housing Market 367

Housing Market Marketing Reconsideration of Value Appraisal 367

Portland Appraisal Blog

DECEMBER 28, 2018

It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals. While most participants in the industry will concede an appraisal is still the gold standard for collateral valuation, they increasingly see the appraisal as something to be steered around or avoided altogether.

Valuation 78

Valuation Appraisal Loan Officers Real Estate 78

Clear Capital

APRIL 1, 2024

Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. What is home equity lending?

Lending 36

Lending Valuation Home Value Design 36

Clear Capital

SEPTEMBER 13, 2023

All Clear Capital residential valuations solutions are now available on the latest Encompass Partner Connect API Platform. Encompass is a digital lending software available through ICE Mortgage Technology. Encompass is a digital lending software available through ICE Mortgage Technology.

Valuation 36

Valuation Technology Inspection Mortgage 36

Annarbor Appraisal

SEPTEMBER 6, 2020

The appraisal is for their benefit, but at the same time, the appraiser needs to complete a fair and supportable valuation. When a sale is involved, the valuation may be lower than contracted price. Remember the appraisal is for the benefit of the lender to ensure there is adequate collateral for the property they are lending on.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Reconsideration of Value Mortgage 78

Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. Appraisals can be performed for other reasons besides lending, however, for purposes of our discussion here we’re going to be discussing an appraisal that is done in order to obtain a mortgage loan.

Realtors 86

Realtors Appraisal Market Value Real Estate Agent 86

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? Remember the old mortgage broker days of visiting an office and chatting with loan officers? UPDATED No.

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. This form is what is used by most lending institutions for residential properties. What is a Mortgage Appraisal?

Appraisal 98

Appraisal Inspection Appraisal Process Real Estate Agent 98

AmeriMac

MARCH 15, 2024

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. These guidelines aimed to address concerns about inflated property valuations and the influence of lenders on appraisers. These changes mandated the use of independent appraisers and helped increase the demand for AMCs.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

SEPTEMBER 1, 2021

Instead, it is an independent entity that works with lenders and others who need valuation services. In 2009, Freddie Mac and Fannie Mae, government housing lending institutions, the Federal Housing Finance Agency (FHFA) and the New York Attorney General got together to create the Home Valuation Code of Conduct (HVCC).

Appraisal 36

Appraisal Valuation Law Lending 36

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. How borrowers can stay afloat with home equity products during difficult economic times.

Appraisal 370

Appraisal Loan Officers Valuation Finance 370

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

MAY 10, 2024

This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.” The mortgage loan officer handling the loan? Was it the borrower? A Zillow Zestimate?

Reconsideration of Value 74

Reconsideration of Value Appraisal Real Estate Insurance 74

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” To create new capacity for the industry, new approaches to valuation that are faster and better, and less prone to bias. Interview with Ribbon Co-Founder & CEO Shaival Shah.

Sellers 69

Sellers Agents Real Estate Appraisal 69

Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers. Bank Home Mortgage , said at the MBA Annual convention.

Marketing 459

Marketing Law Government Mortgage 459