Appraisal Buzz

AUGUST 1, 2022

Furthermore, an appraiser may need to provide additional information in the valuation of a complex property wherein the issues of what is physically possible, legally permissible, financially feasible, and maximally productive are explored in much greater detail, to enable the client and intended users to understand the report properly.

Valuation 360

Valuation Appraisal Contracts Legal 360

Housing Wire

MAY 14, 2024

Atlas VMS , the appraisal and valuation company led by Erik Morin , announced this week the appointment of Joe Pravettone as chief appraiser. Joe’s unparalleled expertise and proven leadership will be instrumental in advancing our mission of delivering exceptional valuation management services to our clients.“ “I

Appraisal 458

Appraisal Valuation Retail Clients 458

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. Rocket Mortgage , America’s largest lender, made its debut in the summer and is now trading at a $45 billion valuation.

Valuation 457

Valuation Retail Mortgage Lending 457

Housing Wire

JANUARY 22, 2021

billion in 2018 and at one point had a retail operation. The post Homepoint’s parent in line for $3B valuation with stock sale appeared first on HousingWire. It originated a total of $38 billion in loans through the first three quarters of 2020, according to the S-1. It’s a phenomenal rise for a lender that originated just $10.6

Valuation 281

Valuation Retail Sellers Investing 281

Housing Wire

NOVEMBER 22, 2023

However, the report states there’s no final decision on the timing and valuation. billion valuation in a venture-backed funding round in 2021. CMG acquired Homebridge’s retail assets in March. Figure had a $3.2 Meanwhile, Figure seeks to raise $50 million for its digital asset arm, according to Bloomberg.

Lending 459

Lending Valuation Technology Retail 459

Appraisal Buzz

MARCH 2, 2022

The Collateral Risk Network (CRN) announced today that Jeremy Staudenmaier, director of product management at ACI , a leading provider of workflow solutions for the valuation industry for nearly 40 years and a member of the First American family of companies, has been chosen as the CRN 2022 Valuation Visionary.

Valuation 195

Valuation Retail Finance Training 195

Housing Wire

FEBRUARY 11, 2021

Online retail lender loanDepot raised just $54 million by offering 3.9 LoanDepot, the second-largest retail-focused IMB in the country, had initially planned to raise about $362.5 But it noted that its retail strategy is more developed. At the time, LoanDepot had sought a valuation of $2.4 billion to $2.6

Retail 435

Retail Real Estate Agent Finance Valuation 435

Housing Wire

JUNE 7, 2024

According to a Worker Adjustment and Retraining Notification Act (WARN) notice sent to the state authority, jobs cut include professionals in activities related to bankruptcy, customer care, default, foreclosure and valuations, among others. Layoffs across the company affect different positions, such as analysts, managers and vice presidents.

Loan Officers 463

Loan Officers Retail Valuation Finance 463

Housing Wire

DECEMBER 22, 2023

Volly’s services will be offered through WFG Enterprise Solutions, which provides customizable services, including appraisal management, valuation services, title and settlement services, sales enablement, and CRM tools, for lenders of all sizes. This acquisition was not the only major addition WFG made this year.

Retail 459

Retail Valuation Technology Tools 459

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

Mortgage 416

Mortgage Retail Technology Lending 416

Housing Wire

AUGUST 8, 2024

million related to the valuation adjustments of mortgage servicing rights (MSRs). Executives said the retail platform works as a natural hedge for the servicing side of the business. The bright spot was its servicing segment, which had a net income of $69.5 million in Q2 2024, lower than the $83.9 million in Q1 2024. after rising 12.6%

Retail 448

Retail Valuation Mortgage Technology 448

Housing Wire

AUGUST 2, 2023

AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae. Fannie Mae approved six vendors for its controversial new valuation initiative a few days later.

Appraisal 367

Appraisal Valuation Design Modernization 367

Housing Wire

NOVEMBER 12, 2020

The company will seek to beat the $4 billion valuation it was given in its most recent $200 million Series D funding round , according to Bloomberg’s anonymous sources. Beyond that, Better.com is competing with resurgent retail banks and a slew of newly-capitalized independent mortgage banks.

Valuation 497

Valuation Loan Officers Retail Mortgage 497

Housing Wire

MARCH 30, 2021

The publicly traded mortgage lender announced Tuesday that retail branches are now open in Dayton and Columbus, Ohio. It’s the first foray into Ohio for the California-based retail lender. ” Headquartered in San Diego, Guild has approximately 4,400 employees serving customers from more than 200 retail branches in 32 states.

Mortgage 418

Mortgage Retail Valuation Lending 418

Housing Wire

NOVEMBER 8, 2023

The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages. Guild reported a $54.2 We have continued to invest in our people and our platforms.

Retail 448

Retail Inventory Mortgage Valuation 448

Housing Wire

JULY 14, 2022

The bank experienced a larger decline in the retail channel, which has higher margins, originating $11 billion in the second quarter of 2022, down 27% quarter-over-quarter and 52% year-over-year. The retail channel went from 61% of the total origination in Q1 2022 to 50% in Q2 2022.

Mortgage 418

Mortgage Retail Valuation Lending 418

Housing Wire

AUGUST 3, 2021

Founded more than 30 years ago, New Jersey-based Homebridge has more than 180 retail branches nationwide and two wholesale arms, Homebridge Wholesale and REMN Wholesale. In May, it announced the closure of a $200 million Series D fund raise, giving it a valuation of $3.2 billion in mortgages.

Mortgage 516

Mortgage Architecture Lending Technology 516

Housing Wire

OCTOBER 13, 2020

The retail channel comprised 71% of total volumes in the third quarter, down slightly from 74% a quarter prior. The mortgage servicing valuation also rose 3% from the prior quarter, with the carrying value inching up to 66 basis points from 64 basis points in the second quarter.

Business 418

Business Mortgage Retail Investors 418

Housing Wire

OCTOBER 13, 2020

billion valuation. Finance of America operates through retail, wholesale and correspondent channels. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9

Finance 505

Finance Lending Retail Valuation 505

Housing Wire

OCTOBER 22, 2024

This includes property ownership checks, automated valuation models ( AVMs ), loan amount amortization and financial benefit calculations. ” Uplist is targeting the retail mortgage market with the product, but it’s also available for third-party originators. ” You’re like, ‘What are you doing?'”

Tools 435

Tools Loan Officers Clients Technology 435

Housing Wire

NOVEMBER 11, 2020

In September, Bloomberg reported that loanDepot, which operates in retail, wholesale and correspondent channels, was eyeing an IPO that would see it valued at between $12 billion and $15 billion. United Wholesale Mortgage is expected to debut via a special purpose acquisition company this quarter at a valuation north of $16 billion.

Retail 459

Retail Technology Valuation Market Value 459

Housing Wire

DECEMBER 13, 2024

The rating reflects Planet’s “modest but growing” franchise as a correspondent and retail lender, as well as its established role as an agency and government servicer and subservicer. It also acquired some of the retail assets of Axia Home Loans in August. Regarding its servicing book , Planet reached $97.5

Retail 352

Retail Loan Officers Investors Lending 352

Housing Wire

APRIL 14, 2021

Notably, JPMorgan grew mortgage originations in both its retail division – $23 billion in Q1, up 14% from $20.1 Its mortgage servicing rights valuation was up 38% from the prior quarter, above Wall Street’s expectations. The New York-headquartered bank originated $39.3 billion originated in the prior quarter. billion.

Mortgage 370

Mortgage Retail Lending Valuation 370

Housing Wire

JANUARY 15, 2021

Its retail originations actually fell slightly in the fourth quarter, likely due to a rise in coronavirus cases across the country (see page 15). Overall, retail originations declined to $20.1 The MSR valuation rose 12% over the prior quarter. billion from $20.7 Presented by: WFG.

Lending 384

Lending Retail Valuation Mortgage 384

Housing Wire

DECEMBER 2, 2020

Ishbia, who will control 94% of the company, is seeking a valuation of about $16.5 increase in retail production and 16.9% The gain-on-sale margin also inched up to a record 3.18%; a year ago it was 1.29%. In the summer, UWM announced it was merging with a blank-check company led by businessman Alec Gores. percentage points to 35.5%

Mortgage 497

Mortgage Loan Officers Retail Valuation 497

Housing Wire

FEBRUARY 18, 2022

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. Here are six misconceptions surrounding what AVMs currently do for appraisal valuation: 1. Geography plays a large role in real estate valuation. ” Amazing, right? What about AVMs?

Appraisal Process 397

Appraisal Process Appraisal Valuation Renovations 397

Housing Wire

SEPTEMBER 28, 2023

Other opportunities ICE acknowledged include developing innovative analytics that help lenders connect with potential buyers in historically underserved markets and identify minority bias in the home valuation process.

Technology 459

Technology Valuation Retail Mortgage 459

Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. But the move is in line Stewart’s general appetite for acquisitions – they’ve more than a dozen since January.

Mortgage 435

Mortgage Valuation Loan Officers Retail 435

Housing Wire

JANUARY 28, 2021

Tune in February 2nd to experience demos from the most innovative loan origination and valuation tech companies. billion in 2018 and at one point had a retail operation. The parent company of Homepoint originated $46.3 billion through its broker network in the 12 months that ended Sept.

Retail 534

Retail Lending Valuation Mortgage 534

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 476

Technology Development Real Estate Valuation 476

Housing Wire

DECEMBER 7, 2023

Watch Now The challenge and power of updating your brand Speaker: WeiLing Jang, Chief Marketing Officer, CoreLogic.

Modernization 435

Modernization Retail Valuation Insurance 435

Housing Wire

MARCH 8, 2024

We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. This is a problem that we’ll be working on for years more, I’m sure. There will be bank failures, but not the big banks.”

Real Estate 493

Real Estate Insurance Lending Retail 493

Housing Wire

OCTOBER 19, 2022

FoA is trying to navigate the current landscape by cutting jobs , trying to sell its retail business – a deal with Guaranteed Rate collapsed, as HousingWire first reported – and shutting down its wholesale channel. The lender’s gross debt to tangible assets – a measure of leverage – was 10.2x as of June 30, up from 8x the prior quarter.

Valuation 418

Valuation Mortgage Retail Business 418

Housing Wire

APRIL 15, 2024

If sellers wait, their business valuations could remain relatively stable or come down. Certainly, in the last two years, distributed retail, in particular, has been the primary interest for all the buyers,” Ludden said. “As But in the short term, retail is the place that has the ability to create the most marginal value.”

Mortgage 482

Mortgage Retail Investors Buyers 482

Housing Wire

JULY 1, 2024

Cooper Dionna Hall Chief Executive Officer Broward, Palm Beaches & St.

Realty 493

Realty Real Estate Chief Valuation Officer Technology 493

Housing Wire

JUNE 4, 2021

Stewart recently acquired Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. The company also bought NotaryCam , Pro Tek Valuation Intelligence , and United States Appraisals in March. Ten of country’s top 40 mortgage lenders use Cloudvirga.

Retail 396

Retail Investing Valuation Business 396

Housing Wire

SEPTEMBER 23, 2021

LoanDepot, the nation’s second-largest nonbank retail mortgage lender, went public in February, selling 3.85 late Thursday afternoon, with a valuation of $2.1 We intend to defend ourselves vigorously against these outlandish allegations…”. million shares at $14 and raising $54 million. billion in 2019 to $4.3

Retail 103

Retail Development Valuation Law 103