Housing Wire

OCTOBER 4, 2023

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. What are the most common valuation products for HELOCs and second-lien mortgages?

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Appraisal Buzz

MAY 22, 2024

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.

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Appraisal Buzz

AUGUST 8, 2024

The post Housing Market Nears $50T Valuation Milestone first appeared on The MortgagePoint. The post Housing Market Nears $50T Valuation Milestone appeared first on Appraisal Buzz. As the U.S. Click here to view the report in its entirety.

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Housing Wire

OCTOBER 2, 2023

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.

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Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Housing Wire

OCTOBER 31, 2024

to bring computer vision to its valuation review platform called Certainty. Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai general manager of valuations, said in a statement. ClearValue Consulting thinks it’s found a way. The firm has partnered with Restb.ai

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Housing Wire

JULY 17, 2024

regulators announced on Wednesday that they have approved a final rule that requires mortgage originators and secondary market issuers to impose quality control standards for their automated valuation models (AVMs). In June , the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. ”

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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

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Housing Wire

MARCH 27, 2024

Clear Capital , a real estate valuation technology company, has broadened its collaboration with data management platform Cherre , the companies announced on Wednesday. Additionally, customers will be able to automate, standardize and validate data from multiple third-party sources.

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Housing Wire

FEBRUARY 1, 2024

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Housing Wire

MARCH 26, 2024

The changes include communicating to applicants that they have the right to request a reconsideration of value (ROV); explaining why an ROV is denied or the valuation is unchanged; and training its credit, valuation and customer service staff on the topic. But the company hasn’t admitted any fault.

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Housing Wire

JUNE 20, 2024

FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers. On Thursday, two U.S. regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp.

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Housing Wire

JULY 22, 2024

Last April, Erik Morin made a return to the reverse mortgage valuation space by joining appraisal and valuation company Atlas VMS. Morin founded Landmark Network in 2007, a company that quickly became a key player on the valuation side of the reverse mortgage space before being acquired by Class Valuation in 2018.

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Housing Wire

OCTOBER 21, 2024

The changes include communicating to applicants that they have the right to request a reconsideration of value (ROV); explaining why an ROV is denied or the valuation is unchanged; and training its credit, valuation and customer service staff on the topic.

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Housing Wire

NOVEMBER 1, 2023

Voxtur primarily serves real estate finance providers and specializes in broker-price opinions (BPOs), alternative valuation methods and traditional appraisals. This past March, Accurate Group was one of the vendors previously approved by Fannie Mae to handle the GSE’s new valuation initiative.

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Housing Wire

NOVEMBER 8, 2023

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.

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Appraisal Buzz

JULY 10, 2024

Discover how HomeVision balances automated valuation models with human expertise, the challenges and opportunities this balance presents, and the future breakthroughs in AI for property valuation. Vince is joining us at Valuation Expo on August 19-21. We hope to see you there!

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Housing Wire

JULY 18, 2024

With its valuation and analytics tools, the hope is for Propy to bring more real estate markets onto its blockchain. Parcl is building a platform for real-time housing data on market analysis, property valuation and advanced analytics. According to the companies, $10 billion worth of homes in the U.S.

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Housing Wire

AUGUST 29, 2024

CompassEdge Optimal Blue’s CompassEdge hedging and loan trading platform helps lenders maximize profitability with unmatched pipeline risk management tools, and dynamic loan sale and MSR valuation functionality.

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Housing Wire

JULY 11, 2024

Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process. Advanced data collection: The future of appraisals Data collection is a cornerstone of Opteon’s strategy to revolutionize the valuation industry.

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Housing Wire

NOVEMBER 28, 2023

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).

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Housing Wire

OCTOBER 23, 2023

From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract. Valuation – The valuation stage can also be considered the preliminary due diligence stage. Once an offer is accepted, the full due diligence stage commences.

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Housing Wire

SEPTEMBER 26, 2023

Plunk’s platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities. With Plunk, we’re getting ahead of that adoption curve and delivering home valuation, remodeling analytics and market insights to our target audiences across every digital medium—right now.” Meanwhile, Philip Hegge, U.S.

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Housing Wire

FEBRUARY 5, 2024

RealReports is a real estate platform that gathers property data , ranging from climate risk to valuation, in one place. This collaboration made property research, comprehensive valuation and remodeling insights available in one place.

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Appraisal Buzz

OCTOBER 29, 2024

Property Data Collection (PDC) Services:  USRES is now an approved service provider for the Value Acceptance + Property Data valuation option offered by Fannie Mae. Property Data API: RES.NET is now an approved technology provider for Fannie Mae—integrating the FNMA Property Data API with the RES.NET Valuation Portal. This

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Housing Wire

NOVEMBER 15, 2023

Property research, comprehensive valuation and remodeling insights will all be available in one place. BHR’s flagship product, RealReports, gathers property data , ranging from climate risk to property valuation, in one place. RealReports pulls information from over 30 data providers.

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Housing Wire

SEPTEMBER 22, 2023

The HELOC solutions provided by homegenius Real Estate include: Automated Valuation Model (AVM) : The AVM, known as geniusprice, allows users to estimate a home’s price by leveraging homegeniusIQ, homegenius Real Estate’s proprietary AI, image recognition and computer vision technology.

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Housing Wire

MAY 2, 2024

Everyone deserves a fair and unbiased valuation of the home they own or are looking to purchase,” the spokesperson said. This includes seniors considering a Home Equity Conversion Mortgage, for whom home valuation is a critical factor in determining the amount of loan proceeds available to them through the program.”

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Appraisal Buzz

APRIL 24, 2024

It seems like bringing up Short Term Rental valuation is the quickest way to start a fight on social media. Ferris will be teaching a class on valuation of short term rentals all across the country for the Appraisal Institute, and one of those stops is at Valuation Expo on August 19th. What makes them so unique?

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Housing Wire

JULY 15, 2024

Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. That was not the practice for appraisals with white owners, HUD stated.

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Appraisal Buzz

AUGUST 28, 2024

Jim and Hal are back from Valuation Expo and ready to share their highlights from the event. Award winners will be revealed at the start of next year, and they’ll get a free pass to Valuation Expo 2025 to accept their award in person! And we’re looking forward to the Appraisal Summit on September 14th-17th.

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Housing Wire

AUGUST 23, 2024

Jaro is the only end-to-end appraisal platform on the market that is painstakingly designed for lender and AMC workflows to serve every party in the valuation process. By integrating compliance seamlessly into the platform, Jaro frees users to focus on what they do best, giving accurate valuations, while the platform takes care of the rest.

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Appraisal Buzz

JULY 3, 2024

Today on the Appraisal Buzzcast, host Hal Humphreys speaks once again with Peter Christensen, attorney/owner at Valuation Legal, CE instructor at Appraiser eLearning, and one of our highest rated Buzzcast guests. What are some current court cases and lawsuits affecting appraisers today?

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Housing Wire

OCTOBER 18, 2024

An appraiser’s valuation directly impacts a home’s value, and that valuation stems from elements like keywords, neighborhood history, square footage, etc. Jaro gives every lender the tools to offer fair valuations to all buyers. Worse yet, appraisers often rely on automated reporting tools that can’t flag bias.

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Housing Wire

FEBRUARY 27, 2024

Recently, Xactus’ valuation solution was approved to fulfill Fannie Mae’s property data collection orders. Its valuation solution, Appraisal Firewall X, connects mortgage lenders with vetted and trained property data collectors to deliver Fannie Mae’s Value acceptance + Property Data and hybrid appraisal solutions.

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Housing Wire

JULY 15, 2024

Valuation 3. Valuation: A- House valuations , especially at scale, is a multivariate and complex problem. Valuation gets the highest grade and here, AI is a star. While there are many elements of this market that are extrapolatable to other markets, I will stick with what I know best. Transaction 5.

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Appraisal Buzz

APRIL 8, 2024

As industries grapple with the challenges of transparency, accuracy, and trustworthiness in valuation processes, blockchain emerges as a beacon of hope. Lack of Transparency: Traditional appraisal methods often lack a clear audit trail, making it difficult to trace back decisions or valuations.

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