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to bring computer vision to its valuationreview platform called Certainty. The companies hope Restb.ai’s technology can help ClearValue’s appraisal review clients improve efficiency and quality control while also reducing costs. general manager of valuations, said in a statement. In August 2023, Restb.ai
Reviewing appraisal imagery, an essential step in the valuationreview process, is time-consuming and laborious. CoreLogic developed Image Analytics to drive innovation in the appraisal review process and help lenders and mortgage industry professionals analyze property images quickly and accurately.
Despite significant technology investments, it actually takes longer and costs lenders more to originate a loan today than it did 10 years ago. AutomatIQ Collateral, part of CoreLogic’s AutomatIQ Suite of Digital Mortgage Solutions, serves as a single point of access for crucial property underwriting data.
ICE Mortgage TechnologyTM said it will deploy an eVault solution for secure storage of digital mortgages and notes, based upon technology acquired from DocMagic, Inc. Read on to learn more.
AppraisalWorks , Clear Capital Announce Partnership to Streamline Appraisal and ValuationReview for Lenders. Banks, credit unions, loan servicers and mortgage lenders now have access to a suite of tech-enabled products for property valuation. About AppraisalWorks. Caliber Corporate Advisers for Clear Capital.
Reggora, an appraisal software company, announced Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal. Envoy will leverage Reggora technology to deliver a fast and efficient appraisal, supporting their customers through the homebuying journey, according to a company release.
ClearValue Consulting, a provider of enterprise-class vendor management technology for the mortgage industry, recently launched its Property VeriPix platform. This is a photographic validation and chain of custody technology verifying the location, date and time of subject property photos provided by third parties.
a provider of AI-based document classification and data extraction technology for mortgage loan processing, now offers its software in the cloud. Paradatec, Inc., automate the processing of loan documents.
LoanLogics recently released a white paper detailing how mortgage industry participants can maximize the relationship between their people, technology, and the mortgage process. The paper describes how combining automation and confidence scoring with human assistance can save 50 percent in document processing costs.
Incenter Appraisal Management recently released its RemoteVal technology, which it said dramatically streamlines one of the biggest bottlenecks in mortgage lending: appraisals. RemoteVal empowers appraisers to achieve compliant inspections.
While mortgage lenders have been buying and installing technology at a rapid pace since the COVID-19 pandemic began, many aren’t actually using it as much as they could be, according to the latest Insights Report from mortgage advisory firm STRATMOR Group. Read on to learn more.
Cherry Creek Mortgage has hired Lorie Helms as chief technology officer. Helms has experience in mortgage loan origination, due diligence, servicing, and collateral management.
Paradatec, a provider of AI-based document classification and data extraction technology for mortgage loan processing, announced Guaranty Home Mortgage Corp. has selected Paradatec’s AI-Cloud for document processing and indexing.
Through Cherre’s API, customers now have access to ClearAVM , Clear Capital’s automated valuation model (AVM), where they can map and set rules to automate, standardize and validate data from multiple third parties. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies.
Be it pre-valuation property knowledge, property valuations, or post-valuationreview, ClearProp handles due diligence and investment decisions with ease. Complexity Score — Assesses property complexity to inform valuation suitability. helping you become a local expert on any market in seconds.
Resolve offers B2B integration through application programming interface (API) technology to speed up loan workout option processing for servicers and provide faster mortgage assistance for borrowers.
Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring.
ClearValue Consulting, a provider of enterprise-class vendor management technology for the mortgage industry, announced a partnership with ValueScape Analytics. This partnership allows artificial intelligence technology usage to enhance ClearValue Consulting’s CLARITY appraisal review engine.
Big Purple Dot, provider of an ecosystem of mortgage marketing technologies, has added SMS/MMS video marketing to its all-in-one CRM lead management platform. The new SMS/MMS video tool empowers mortgage professionals to engage and retain customers in today’s highly competitive lending environment.
Filogix, a Finastra company, recently launched its Private Lender Gateway, a new portal that connects private lenders to the Filogix Mortgage Marketplace. The solution enables private lenders to conduct business with Filogix’s network of over 17,000 mortgage professionals across Canada, without the need for additional technology.
In its October Insights Report, mortgage advisory firm STRATMOR Group revealed data that shows why lenders have found it nearly impossible to achieve suitable returns on their technology investments.
released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets. The Data and Analytics division of Black Knight, Inc.
LoanLogics, a digital mortgage solutions provider, has acquired LoanBeam, a provider of income calculation and verification technology endorsed by government-sponsored entities Fannie Mae and Freddie Mac. Terms of the private transaction were not disclosed. Read on to learn company reaction.
Class Valuation has acquired South Carolina-based appraisal management company (AMC) SouthEastern Evaluation (SEE), the company announced. Class Valuation is a technology-enabled AMC focused on providing regulatory-compliant appraisals to the nation’s largest mortgage lenders and originators. Read on for more details.
UniversalCIS, a market-leading, technology-enabled provider of credit data and related origination solutions in the mortgage industry, acquired the Lending Solutions and Appraisal Management Divisions of Data Facts, a national and international consumer reporting company.
NOTE: Please scroll down to read the other topics in this long blog post on all cash sales, bad bank, FHFA/Fannie, speaking at real estate agent meetings, unusual homes, mortgage origination stats, etc. ==. Mortgage rates have declined in recent weeks, but are still hovering above 6%,” said Redfin Economics Research Lead Chen Zhao.
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