Appraisal Buzz

MAY 31, 2021

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…. an income gap of 60%).

Valuation 370

Valuation Appraisal Real Estate Insurance 370

Appraisal Buzz

JUNE 13, 2022

Technology will continue to infiltrate the industry – learn about how ProxyPics technology and tools will put you at the forefront of real estate transactions as the GSEs continue to evolve valuation options in the digital age. Luke Tomaszewski: I’m an 18-year veteran of the real-estate valuation industry.

Valuation 370

Valuation Technology Real Estate Appraisal 370

Housing Wire

NOVEMBER 8, 2023

Fannie Mae’s value acceptance+property data extends an appraisal waiver provided the property data is gathered by a vetted and trained third party and a floor plan is delivered to a desktop underwriter. SingleSource has been providing valuation services nationwide since 2000 and nationwide field services and inspection services since 2006.

Valuation 431

Valuation Inspection Modernization Training 431

Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. So, what can be done to mitigate bias and inequality in the valuation process?

Appraisal 505

Appraisal Valuation Technology Training 505

Housing Wire

MARCH 26, 2024

California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. The settlement requires loanDepot to implement enhancements to its mortgage appraisal policies and procedures within 120 days. But the company hasn’t admitted any fault.

Appraisal 464

Appraisal Reconsideration of Value Valuation Mortgage Appraisal 464

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Of that total, $220 billion is estimated for standard forward mortgages and $17.9 Within the congressional justifications for the U.S.

Mortgage 458

Mortgage Insurance Training Government 458

Housing Wire

FEBRUARY 27, 2024

Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. The executive has more than 25 years of mortgage industry experience in helping lenders mitigate risk. Recently, Xactus’ valuation solution was approved to fulfill Fannie Mae’s property data collection orders.

Valuation 446

Valuation Tenants Clients Training 446

Housing Wire

OCTOBER 10, 2022

HousingWire recently spoke with Brian Adams, Division President of Due Diligence at Consolidated Analytics , about due diligence in the current mortgage market. Brian Adams: With the steep increase in mortgage rates, we have essentially seen a hard stop in refi activity. appeared first on HousingWire.

Mortgage 418

Mortgage Clients Training Valuation 418

Housing Wire

JULY 11, 2024

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process.

Lending 467

Lending Appraisal Appraisal Process Valuation 467

Appraisal Buzz

NOVEMBER 11, 2024

Kimberly Angellone: I have a strong foundation in using technology to improve appraisal products and services, backed by over 16 years of experience in the mortgage and real estate appraisal field. Plus, check out our exclusive interview with the webinar hosts below: Appraisal Buzz: What is your background in the industry?

Modernization 360

Modernization Appraisal Technology Tools 360

Housing Wire

SEPTEMBER 13, 2023

It makes accessible information that used to be hard to obtain, such as the condition of the backyard, the proximity of a property to a loud road, train tracks, or a body of water as well as the occupancy status of a property. The tool can be paired up with other types of valuation metrics.

Tools 418

Tools Valuation Inspection Investors 418

Housing Wire

JULY 10, 2024

What training and development initiatives have proven most effective? Here at Acra, we believe that a well-trained and cohesive team is essential for handling the intricacies of Non-QM lending. Recent innovations include the implementation of TPO portals, warehouse management services, valuation analytics, and AI-driven workflows.

Lending 446

Lending Technology Training Investing 446

Housing Wire

SEPTEMBER 23, 2021

The calculations reached by CubiCasa technology are aligned with American National Standards Institute standards and the technology can be used without prior training by anyone with a smartphone. How do remote valuation solutions benefit appraisers? Class Valuation also has digital floor plan capabilities.

Valuation 397

Valuation Technology Appraisal Modernization 397

Housing Wire

MARCH 1, 2023

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

Appraisal 482

Appraisal Valuation Appraisal Process Technology 482

Appraisal Buzz

JUNE 10, 2021

Through the partnership with SkillBridge, Clario’s training program will upskill and employ 35 active service members transitioning to civilian life in the next 12 months. To apply for the training program, visit this website. We specialize in real estate valuations for the mortgage lending and financial services industries.

Appraisal 370

Appraisal Valuation Training Real Estate 370

Housing Wire

FEBRUARY 28, 2021

Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates. The company integrates with an existing brokerage website to provide homeowners with three valuations along with insight into the number of real estate buyer leads actively searching for a property just like theirs.

Real Estate 448

Real Estate Valuation Brokerage Clients 448

Housing Wire

MARCH 5, 2021

To compound matters, homebuyer demand skyrocketed thanks to historically-low mortgage rates and societal changes. Mentor appraisers have begun letting their apprentices go earlier and earlier in the training process, Reese said, simply due to financials – the mentor isn’t make as much money on a job if a trainee is with him.

Appraisal 459

Appraisal Valuation Training Technology 459

Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc. ICE also acquired Simplifile in 2019 for $335 million.

Technology 418

Technology Supply Chain Training Valuation 418

Housing Wire

OCTOBER 19, 2022

CompassEdge is designed to support every originator – regardless of range, size or type – and provide pipeline risk management tools and analytics with dynamic loan sale and mortgage servicing rights (MSR) valuation functionality, Black Knight said in announcing the launch on Wednesday. Black Knight reported net earnings of $40.3

Tools 435

Tools Technology Training Valuation 435

Housing Wire

JULY 3, 2024

I can’t think of a better example of this tendency than our approach to artificial intelligence (AI), and especially AI in mortgage. 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.

Training 435

Training Tools Lending Valuation 435

Housing Wire

NOVEMBER 6, 2023

Policymakers and the mortgage industry must reckon with historical and present-day barriers that lock would-be homebuyers of color out of the market altogether,” according to the report published on Monday. In terms of adopters, government-sponsored enterprises (GSEs), large mortgage lenders and fintech firms have used AI.

Government 434

Government Training Tools Design 434

Housing Wire

MARCH 23, 2021

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. Use of an automated valuation model (AVM) paired with a property inspection has alleviated some of the capacity constraints in the workforce while saving time and costs for consumers. HW: What is the No.

Appraisal 417

Appraisal Valuation Inspection Modernization 417

Housing Wire

AUGUST 31, 2023

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. More recently, Fannie Mae launched a similar solution.

Modernization 418

Modernization Appraisal Inspection Valuation 418

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 448

Mortgage Loan Officers Lending Human Resources 448

Housing Wire

OCTOBER 1, 2024

However, the most recent ACES Mortgage QC Industry Trends Report found critical defect rates jumped up in the first quarter (Q1) of this year. Not only does this break a five-quarter-long downward trend, but this uptick in defects happened at a time when mortgage originations were at their lowest levels since 2000.

Marketing 432

Marketing Training Technology Loan Officers 432

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgage 370

Mortgage Technology Business Investing 370

Housing Wire

MAY 18, 2021

Real estate and mortgage industry professionals are facing major challenges to meet the escalating demands of the housing market. It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as the four major pain points they want to improve.

Training 293

Training Mortgage Clients Development 293

Appraisal Buzz

OCTOBER 14, 2024

According to Epoch research , “Since 2010, the amount of training computed for machine learning models has grown by a factor of 10 billion, significantly exceeding a naive extrapolation of Moore’s Law.” They also are using computer vision to validate third-party valuations prepared by appraisal management companies.

Valuation 368

Valuation Renovations Technology Appraisal 368

Housing Wire

FEBRUARY 5, 2021

Mortgage Champions founder and CEO Dave Vermillion will be speaking on a panel covering operational strategies in the current market at HousingWire’s Spring Summit on March 4. He is the author of Navigating the Mortgage Maze , a guide teaching the simple truths to securing the best possible mortgage, every time.

Training 352

Training Technology Valuation Real Estate 352

Housing Wire

APRIL 30, 2022

ClearInsight and CubiCasa have revolutionized property data collection for remote valuations — state-credentialed appraisers and trained property data collectors can capture the detailed property data needed for a desktop appraisal using just a mobile phone. lenders and nearly every mortgage investor.

Appraisal 370

Appraisal Valuation Technology Real Estate 370

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Under this framework, mortgage investors like the GSEs would secure valuable data to inform their critical risk models that keep our housing ecosystem safeguarded.

Appraisal 370

Appraisal Valuation Real Estate Modernization 370

Appraisal Buzz

MAY 6, 2024

The Reconsideration of Value policy represents months of collaboration with the Federal Housing Finance Agency to develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by Fannie Mae and Freddie Mac. “We

Reconsideration of Value 150

Reconsideration of Value Valuation Appraisal Appraisal Process 150

Housing Wire

JUNE 30, 2021

PCV Murcor is one of the nation’s leading valuation management companies. The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Everyone who works at PCV Murcor is trained knowing we are all in this together.”.

Clients 397

Clients Valuation Real Estate Appraisal 397

Housing Wire

JULY 12, 2022

Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible. As the cost of borrowing money rises, mortgage lenders are implementing a raft of cost-reduction measures.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Housing Wire

DECEMBER 6, 2023

Its tiered packages include features like an AI-powered smart CRM, automated marketing tools, comprehensive listing management and training resources for real estate professionals. It’s an ideal solution for those seeking AI-powered valuation and brokerage services in the residential real estate sector.

Real Estate 448

Real Estate Agents Real Estate Agent Tools 448

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? of the overall mortgage market. Underwriters are trained as desktop underwriters (DUs). Scaling is hard.”.

Lending 397

Lending Investors Technology Mortgage 397

Housing Wire

APRIL 4, 2023

Holden spoke on the topic of leveraging data science and alternative data to increase access to homeownership at Mortgage Bankers Association ’s (MBA’s) Technology Solutions Conference & Expo at San Jose, California on Monday. If Hispanics are falling out a lot of the time because of the DTI, what does that mean?(…)

Technology 435

Technology Finance Training Valuation 435