This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Join us for a free webinar on Revolutionizing Appraisals: The Road to Modernization this Thursday, November 14th at 1PM Central Time. This webinar will delve into the latest technology trends, from advanced data integration to automated workflows, designed to streamline your processes and improve accuracy.
It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. In 2025, it will begin rolling out new regional and local programs designed to “build our brand profile and drive business in strategic markets,” she said.
As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Only automation and technology can tackle this new demand effectively, and that’s where Jaro comes into play. Career Institute.
Top five reverse mortgage lender Finance of America (FOA) announced on Tuesday the hiring of two new executive leaders to modernize the companys digital and customer experience strategies. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience. .”
ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. 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.
The companies hope Restb.ai’s technology can help ClearValue’s appraisal review clients improve efficiency and quality control while also reducing costs. By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. “By general manager of valuations, said in a statement.
In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology. However, transitioning to a more modern, modular strategy has proven to be difficult and complex.
Lone Wolf Technologies , a real estate technology company that has been in business for decades, unveiled its reimagined brand identity last week as an effort to “blend technology with human-centered design to better serve real estate professionals,” per a release from the company. ”
The Mortgage Bankers Association (MBA) on Thursday released a new white paper , which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.” It was originally overseen by the U.S. “At
Appraisal modernization is generating a lot of buzz in the real estate lending industry. Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. However, is appraisal modernization on its own enough? However, is appraisal modernization on its own enough?
At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. Getting the hang of reverse Mitchell is a 25-year veteran of the mortgage technology space, primarily working for LOS companies. What does the future hold?
Im certain weve all seen broadcasts where technology shows the pitch was clearly a ball, yet the umpire calls it a strike. There are even statistical services that rate the accuracy of baseball umpires on calling balls and strikes versus new technology. Would it be unwise to eliminate umpires because technology could do a better job?
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?
Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. Using automated valuation models “leads to relatively lower racial gaps,” according to Freddie Mac. .
The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. Here’s a quick rundown of how this modernization can support your success.
Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities. Roof AI will slowly roll out Roof Pro over the following weeks.
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? ways to see what the market is actually saying. Technology. Can it be abused?
Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modernmarket. “We’re always looking for ways to make the loan process smoother,” an ICE Mortgage Technology representative explained. Today’s housing market presents unique challenges.
The impact of COVID on the real estate market is significant and has forever changed the way our industry operates. This change, while disruptive and uncomfortable for some, has provoked the rapid adoption of real estate technology, the likes of which we haven’t seen before.
Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.
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. Kenon Chen: The challenge that’s in front of everyone continues to be the market itself, and then housing affordability.
Beyond that, technology continues to evolve, yet those solutions do little to streamline processes and deliver actual returns. Professionals should also leverage technology to give clients the best experience for the biggest decision of their lives. But to execute at scale will require support from cutting-edge technology applications.
to integrate its advanced computer vision technology into ClearValue’s comprehensive valuation review platform, Certainty. Certainty , a crucial tool for lenders and valuation providers, will now leverage Restb.ai’s powerful AI technology to enhance its capabilities.
However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? The winning recipe for most?
The recent Palisades and Eaton fires in Los Angeles have eradicated thousands of residential properties, leaving both physical and financial damage to Southern Californias housing market. The fire devastation will certainly cause a tight housing market to get even tighter, Hardy told HousingWire. billion in value.
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. As the agent, you know the market.
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.
The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work.
Achieving digital optimization is a main priority for federal housing agencies, and it’s happening at a time when incorporating technology is becoming a crucial part of the entire industry. We’ve centralized our program so we can be more efficient. We just replatformed our underwriting system (.) Following the announcement, the U.S.
They’ve built great technology on a massive scale. If you think about what Rockets created as the most iconic brand in the industry and the greatest recapture capability in the market, and then you marry that with our 7 million customers, it’s pretty magical, Bray said. It’s time for modernization, Krishna said.
This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. Using the analogy of an axe representing technology and data, the axe is useless without a human to wield it.
In this context, ACES Quality Management s auditing technology has emerged as a pivotal tool for servicers seeking to enhance their servicing QC processes and adapt to an evolving regulatory landscape. Having QC in place allows us to market ourselves as a provider of quality, which builds trust and ensures long-term success, she stated.
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?
HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there?
As she reflects on her role in steering Anywhere through a challenging housing market , Simonelli shares insights into financial strategy, technological innovation, and her optimism for the future of real estate. HousingWire: What are you most excited for in the industry in 2025?
Snapdocs , a provider of digital mortgage closing solutions, in partnership with Falcon Capital Advisors , has released research showing that eClosing technology provides lenders with a pricing advantage of up to 10 basis points. The advantage stems from accelerated loan delivery to secondary and capital markets.
The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. This article delves deep into how blockchain is set to revolutionize appraisals, offering a fresh perspective to technology professionals keen on staying ahead of the curve.
Real estate professionals are faced with many challenges as the housing market responds to a period of uncertainty. By working with more precise tools, industry professionals will gain important insights to both maintain a competitive edge in the current market and position themselves for future success. homegenius, Inc.,
Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. The post Tech firm Polly bulks up to help modernize mortgage industry appeared first on HousingWire.
Xactus Chief Marketing Officer Sasha Stair Fintech and verification solutions provider Xactus has announced the appointment of Sasha Stair as the company’s new Chief Marketing Officer. Having a Chief Marketing Officer who can seamlessly partner with our sales team and across all areas of the business is crucial for our growth.
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?”. Without marketing automation, he probably would have been right. Not anymore.
Technology platform Figure , which powers a liquid, blockchain-based marketplace for financial products, and global investment firm Sixth Street today announced the formation of a new joint venture vehicle in which Sixth Streets asset-based finance platform has committed to invest $200M of equity.
With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves. As appraisal modernization continues to take shape, Reggora is uniquely positioned to lead its customers through the ever changing landscape.
” Eichler homes are mid-century modern homes built in California in the 50s and 60s by Joseph Eichler. Maybe they’re considering a mid-century modern home and encountered the term “Eichler.” Lastly, an agent could publish a market analysis of trends related to this term. You must focus on what users want.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content