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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. “By ClearValue Consulting thinks it’s found a way. The firm has partnered with 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.
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.
AutomatIQ Collateral, part of CoreLogic’s AutomatIQ Suite of Digital Mortgage Solutions, serves as a single point of access for crucial property underwriting data. AutomatIQ Collateral is a single underwriting system built on automation and analytics and powered by the industry’s most reliable and current collateral data and insights.
Loss mitigation options for borrowers struggling to pay their Federal Housing Administration-insured mortgages #FederalHousingAdministrationinsuredmortgages
With mortgage rates now higher than they have been in a decade, are there any signs of a cooling? The rise of mortgage rates will decrease the number of market participants, which will lessen the demand in turn balance out the market. The Move to ANSI Standards Webinar – ValuationReview. Crazy Appraisal Stories!
As we have been sharing, our markets have been appreciating at an unprecedented rate in North Texas as the high demand for housing, limited supply, and low mortgages have all fueled this appreciation. Mortgage rates are beginning to rise which may cause a slow down in home prices but we aren’t seeing it yet.
ValuationReview sat down with CBC Mortgage Agency Diversity, Equity & Inclusion Officer Tai Christensen to discuss a variety of aspects surrounding appraisal bias/disparity. Christensen also gave insight as to why minority applicants are likely to receive an appraisal value lower than the contract price.
Addressing future appraisal needs and facilitating ongoing digitization in the appraisal process/mortgage industry was also highlighted. Read on for more from ValuationReview, who was in attendance for this session.
District Court for the Northern District of California alleging an appraiser and an appraisal management company showed racial bias in the appraisal of a Marin County property owned by a Black couple seeking a mortgage refinance. Read on for more details.
The Uniform Appraisal Dataset (UAD) is a component of the Uniform Mortgage Data Program, an initiative undertaken by Fannie Mae and Freddie Mac under the direction of the Federal Housing Finance Agency. Read on to find out what Wiley had to say.
These challenges include myriad revision requests attributed to the slightest of details that go overlooked to answering inquiries or complaints from state regulators, GSEs, Investors and Mortgage Insurers, just to name a few.
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced the 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500. The threshold amount will be effective Jan.
,” detailed the plight of Fannie Mae, Freddie Mac and says the government “must fill gaps for minorities, middle class to access mortgages.” reached out to ValuationReview to share his thoughts. Read on to learn what he had to say.
Swift Mortgage, LLC, a nationwide mortgage lender, will be joining the AppraisalVision network to utilize their SMARTOrder + Encompass by Ellie Mae integration, SMARTReview, and Vision Analytics, the companies announced in a release. Read on to learn more.
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.
The Mortgage Bankers Association National Delinquency Survey showed mortgage delinquencies decreased in the second quarter of 2021 for one-to-four-unit residential properties.
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced a vice president of risk management. Supporting the growth of Cherry Creek Mortgage and its affiliated companies will be part of the duties associated with this position.
Be it pre-valuation property knowledge, property valuations, or post-valuationreview, ClearProp handles due diligence situations with ease. helping you become a local expert on any market in seconds: ClearAVM — The top-tier, independently tested , lending-grade automated valuation model.
During the second day of the conference, Stan Middleman, founder and CEO of Freedom Mortgage Corp., The annual National Settlement Services Summit (NS3) returns live in Naples, Fla. this year from Aug. 31 to Sept. will share insights on how to lead through the inevitable change coming to the real estate transaction.
Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, servicers and GSEs, recently appointed capital markets veteran Brian Frye executive vice president, servicing and capital markets strategy. Read on for more about this appointment.
Cherry Creek Mortgage has hired Lorie Helms as chief technology officer. Helms has experience in mortgage loan origination, due diligence, servicing, and collateral management.
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced that Sheridan Whipple has been promoted to vice president of business analysis. Read on to learn more.
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, today recently announced a promotion. Susan Vick has been moved up to vice president of marketing, after serving as marketing director since joining the company in February 2020.
Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors and servicers, recently announced Andrew Bough has joined the company as executive vice president, as well as head of valuations.
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) which showed the 30-year fixed-rate mortgage averaged 2.88 The PMMS also outlines 15 and 5-year rates.
The Mortgage Bankers Association’s Builder Application Survey showed mortgage applications for new home purchases decreased in October 2021 compared with last year but increased compared with September 2021. Not including any adjustment for typical seasonal patterns, the applications decreased 15.2
Mortgage operations executives are encountering challenges not only with maintaining productivity but measuring it as well, according to the March 2021 Insights Report from mortgage advisory firm STRATMOR Group. Read on to learn more.
Deephaven Mortgage recently announced an alliance with Incenter Appraisal Management. The partnership will give non-agency/non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans.
Beeline, a digital start-up mortgage lender, has completed a Series A round of financing for an undisclosed amount. The capital will be invested in automation and artificial intelligence to provide user experiences for borrowers.
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.
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