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HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. . HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?
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? Technology. Simply stated, good technology is as important as the collaborative process.
With the recent news about desktop appraisals, appraisal technology is top of mind for many. HousingWire recently spoke with Reggora co-founder and CTO Will Denslow about the role of technology in appraisal innovation. How will this affect appraisal technology moving forward? How can technology help mitigate this issue?
As everything continues to accelerate and the FHFA considers making widespread changes to the appraisal process, lenders need to make sure they’re working with technology vendors who are ready to respond to changing market conditions and are prepared for new approaches to valuation. The first is legacy technology.
They give you the ability to scale the amount of appraisals you can do with the current appraiser population that you have, and that’s an important part of all the modernization initiatives that have been going on,” said Scot Rose, chief innovation officer at Class Valuation. Secondly, make sure you have the right technology in place.
With the emergence of factories, production efficiency, and mass manufacturing, industrial space for rent became the backbone that supports today’s modern cities. These buildings are a critical center for managing the distribution and logistical flow of products. Finding Funding for Your Columbus Industrial Space for Sale .
Digital transformation, which involves integrating technology into all areas of a business, not only improves efficiency but also strengthens cybersecurity. Modern businesses generate vast amounts of data, and this data can be difficult to manage when it’s scattered across multiple systems and storage methods.
Inefficiency, errors, and delays have become all too common, often causing frustration for all involved in the logistics and supply chain. ” — McKinsey & Company, Travel, Logistics & Infrastructure, 2022 Digitally Transforming Transportation The digital transformation of the transportation industry promises a revolution.
New tech tools may be the service your maintenance team is missing The last 30 years have seen their fair share of technological advancements, and while it initially felt that these changes were limited to the communications and technology fields, it became rapidly apparent that no industry could escape the impacts.
As technology continues to advance, construction companies are embracing AI-powered tools and solutions to revolutionize the way they plan, design, and construct homes. Enhanced Project Planning and Design AI technologies have significantly improved project planning and design in the home construction industry.
Here’s a company that really has the opportunity to change the world,” said Constance Freedman, Founder and Managing Partner of venture capital company Moderne Ventures , one of Icon’s financial backers. The approximate 350 sq. For about $4,000, they can 3-D print an 850 sq. home in 24 hours.”. How does it work? An Oakland, Calif.,
Technology companies and marketing services firms are providing the tools sellers need to confidently manage real estate transactions without agents. These properties may present far more work on the agent’s end as they take on some of the paperwork and logistics aspects that a listing agent would otherwise oversee.
Not only that, but you want those transit links to be modern, well funded, and in high use. How’s the IT infrastructure, and how well enabled is the building from a technology perspective to handle remote work and hybrid work/home flexibility? Otherwise, the proximity to these transit connections would be useless. Note the HVAC system.
An In-Depth Analysis Modern online platforms offer users all three of these criteria, especially if you install them as apps on your phone. If you’ve made your next business decision but can’t act on it until your realtor or property manager gets back to you, that slows down all of your operations.
But the reality is that Ohio and the Greater Columbus area have long been a mainstay of technological innovation and, certainly, the precursor to the modern digital age. Imbued with a pioneering spirit and adventurism, that stock eventually yielded numerous technological achievements. Similar terms include “Silicon Prairie.”
Industrial and Warehouses: Manufacturing facilities, distribution centers, and logistics hubs. Technological Change Technological shifts such as e-commerce growth, automation, and remote work patterns are redefining commercial real estate needs. Hotels/Hospitality: Hotels, motels, extended-stay facilities, etc.
How modernized servicing creates customers for life. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies. This will certainly help.”
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