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Join us for a free webinar on Revolutionizing Appraisals: The Road to Modernization this Thursday, November 14th at 1PM Central Time. Gain valuable insights into how modernization is transforming the industry and learn how to stay competitive in this rapidly evolving space. Appraisal Buzz: What is your background in the industry?
From appraisers to lenders and even homebuyers, we explore how this modernization will impact all key players in the housing market. The post Appraisal Modernization & FHFA’s New Policies appeared first on Appraisal Buzz. Subscribe and turn on notifications to catch our episode premieres every Wednesday!
Today’s Buzzcast interview is with Cristy Conolly, EVP of ValuationModernization at Class Valuation. The post ValuationModernization and Appraisers appeared first on Appraisal Buzz. What can we expect in the coming years for the appraisal industry? What are the current market trends?
to bring computer vision to its valuation review platform called Certainty. By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai The firm has partnered with Restb.ai
Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modernvaluation solutions easier, ultimately closing loans faster. Using automated valuation models “leads to relatively lower racial gaps,” according to Freddie Mac. .
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? What is Collaborative Valuation? The old idea that many hands make lighter work. Can it be abused?
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. Lenders surveyed also think that modernizing appraisals could help enhance appraiser capacity and lower borrower costs.
Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect , formerly a subsidiary of mortgage technology company Mortgage Connect LP. Class Valuation has been on an acquisition spree. Terms of the deal were not disclosed. “We metro markets.
Modernization means bring in modern methods. Appraisal is just one type of valuation, done by super-regulated, licensed appraisers. Competing valuation products, like AVMs (Automated […]. Competing valuation products, like AVMs (Automated […]. The post Is Appraisal Modernization Stymied?
Jaro’s products are designed to offer new and improved solutions to help lenders tackle modern-day appraisals with pinpoint accuracy designed to eliminate bias and urban pricing discrepancies as homebuyers migrate between the suburbs and major cities. In fact, almost 20% of modern companies are fully remote as of 2024 , according to the U.S.
National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. Class Valuation said it would bring on AppraisalTek’s 75 full-time employees. The acquisition is Class Valuation’s fifth in recent years.
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?
This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market.”. The post House passes bill to modernize VA appraisals appeared first on HousingWire. A companion bill in the Senate, introduced by Sen.
Velox Valuations, a leading national real estate appraisal firm, has announced the launch of two new franchise territories, further expanding its innovative, technology-driven business model across the United States. This approach ensures precise, consistent, and accountable appraisals.
Dallas, TX – October 31, 2024 – ClearValue Consulting , a leading provider of innovative solutions in the valuation industry, today announced a strategic partnership with Restb.ai to integrate its advanced computer vision technology into ClearValue’s comprehensive valuation review platform, Certainty. valuation services at restb.ai/customers/appraisals-inspections.
Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.
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? But you already know this.
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. SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs?
Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .
Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. Freddie Mac’s appraisal modernization strategy With these challenges in mind, Freddie Mac continues to work on modernizing the appraisal process for lenders that deliver loans 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.
Modernized Appraisal is a necessary part of coming lending regulation. The post Statistics: Part of ModernizedValuation? Some think old methods are just fine. Others think advanced quantitative methods are necessary. What to do? Descriptive statistics” they called it. Our teachers also showed us pretty […].
Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Accurate Group and Black Knight ‘s Collateral Analytics LLC.
Jeff has been an integral part of the valuation industry for a while, and he gets us up to speed on what his experience has involved. There have been a lot of new changes coming to the valuation space. The post The Evolution of Valuation Tech: What’s New and What’s Next appeared first on Appraisal Buzz.
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. While Reggora focuses on the future of appraisal and valuation, the founders understand that the best tech isn’t rushed.
When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.
How should appraisers account for climate risk in valuations? Shell break down which regions are most at risk, how insurers and lenders are responding, and what the future holds for disaster-prone areas. Will we see mass migration away from high-risk zones? Tune in as we explore these urgent questions and more!
Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke!
At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field.
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. The changes will impact just about everything and everyone in the collateral valuation space.
The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. The property valuation industry has a system for dealing with situations where a home’s appraised value is in dispute; it’s called the review process. Let’s unpack this situation…. My Journey.
The variety of modern digital solutions offered by the homegenius family of companies helps add a level of quality and efficiency to nearly every point in the home buying and selling process, all the way from search to close and beyond. homegenius, Inc.,
Real estate valuation technology provider Clear Capital announced on Thursday an expansion of its partnership with CoreLogic. Through the expanded partnership, Clear Capital’s recently launched Universal Data Collection product will be available for order and fulfillment through CoreLogic’s suite of Valuation Workflow Solutions.
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. The residential appraisal profession is at a transformational moment.
Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes. Clear Capital is a national real-estate valuation technology company.
Friends, appraisers, countrymen, lend me your ears: I’m Jason Covington, Tennessee appraiser, here to share my insider impressions of Valuation Expo XXI. But somehow, Hal — who had a hurt ankle and was walking with a cane — limped onstage for his opening “VET” talk (Valuation, Education, Tech). Suddenly, it didn’t.
Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. In October , Xactus ’s valuation solution, Appraisal Firewall X, also met federal requirements to fulfill Fannie Mae property data collection orders.
All topics, presenters, and attendees promote a great future for the valuation profession. Topics included some forward-looking movement: The continued use of modern-day software, visualization, and emphasis […] The post CAA 2025 Conference Recap appeared first on George Dell, SRA, MAI, ASA, CRE. It was fun. It was smart.
The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative. The list includes some of the biggest names in the mortgage tech space — Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Accurate Group and Black Knight ‘s Collateral Analytics LLC.
The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. Low mortgage rates fuel the demand for valuation and settlement services.
We have heard a lot about “modernizing” the appraisal process, particularly from the GSE’s (Fannie Mae and Freddie Mac). The GSEs, pressing for an improved valuation product, are in a difficult situation. The post Modernizing Appraisal: How Do I Prepare? What is clear, is that the path is not clear.
In this episode, we’re thrilled to welcome Mark Johnson, President of Ascribe and a familiar face to the valuation industry. Mark shares his journey from rocking the stage with his band at the Valuation Expo’s “Appraisers Got Talent” contest to leading transformative efforts in the industry.
Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs).
Inaccurate appraisals and valuations can impact the type of mortgage financing a potential buyer receives, whether a seller commands a fair value when selling their home, or whether a homeowner has opportunities to tap into home equity. So, what can be done to mitigate bias and inequality in the valuation process?
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