Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 678 TriusLending 869% 2003 A mid-Atlantic real estate investment firm and financing lender focused on short-term private lending and long-term rental loans. 4,105 FirstCloseFirstclose. Source: Inc.

Real Estate 360

Real Estate Real Estate Agent Technology Investors 360

Housing Wire

NOVEMBER 10, 2020

“I told my client, my friends, ‘Look, I know you’re supposed to close in 10 days but we’re closing Friday and you let everybody know it or you may not close,’” Dodson said. So when that happens, you don’t originate, you don’t lend at par for something at 88. So you stop.”. Everyone bowed out.

Business 424

Business Mortgage Investors Loan Officers 424

Housing Wire

OCTOBER 7, 2022

We understand the nature of the concerns [with Credit Suisse], but the current situation is night and day from 2007 as the balance sheets are fundamentally different in terms of capital and liquidity, and we struggle to see something systemic.”. “We believe the U.S. Credit Suisse through its subsidiary DLJ Mortgage Capital Inc.,

Supply Chain 361

Supply Chain Mortgage Investors Business 361

Housing Wire

JULY 28, 2021

Becoming a more mainstream financial solution for appropriate clients is, of course, a major interest of the reverse mortgage industry as it continues to seek out fruitful new educational partnerships to communicate how the product has evolved since the 2007-2008 financial crisis.

Business 293

Business Mortgage Clients Marketing 293

Town & Country Residential Appraisals

AUGUST 8, 2022

However, since the borrower is not our client, that report will not be sent by us. USPAP defines the client as “the party or parties who engage, by employment or contract, an appraiser in a specific assignment”. Nowhere in the definition of client does it refer to who paid for the appraisal. Yes they might have paid for it.

Appraisal 51

Appraisal Clients Contracts Law 51

Robinson Appraisal Group

NOVEMBER 16, 2018

This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 – 2010 due to sub prime lending practices. So what is the 1004MC form?

Tools 78

Tools Appraisal Lending Inspection 78

Empire Appraisal Group

JULY 6, 2022

“A lot of them are here to stay because they’ve seen what Florida has to offer,” said Ronald Pietkewicz, Bank of America preferred lending market leader for Palm Beach County and the Treasure Coast. “We Watts said she helped a client rent an efficiency apartment in Riviera Beach recently for $1,240 a month. Housing crash unlikely.

Marketing 78

Marketing Landlords Real Estate Tenants 78

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008.

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Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

MAY 17, 2022

According to her LinkedIn profile, she worked at the Center for Responsible Learning from 2007 to 2011, at the Federal Housing Finance Agency from 2011 to 2012 and at the Center for American Progress from 2012 to 2015. Gordon has professional experience in both the public sector and at nonprofit organizations.

Insurance 329

Insurance Development Housing Market Mortgage 329

AmeriMac

SEPTEMBER 1, 2021

They will also deliver the report to the lender or other client as well. However, they were not widely used until after the mortgage crisis in 2007 and 2008. The AMC forwards the reviewed and approved report on to the lending institution. They go through the administrative process of actually hiring and retaining an appraiser.

Appraisal 36

Appraisal Valuation Law Lending 36

Appraisal Today

SEPTEMBER 29, 2023

Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. The GSEs started keeping track in 71.

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Appraisal Today

AUGUST 25, 2023

The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. ” That means appraisers in affected areas should let clients know that certain assignments may be on hold for now. What does your MLS have?

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Appraisal Real Estate Agent Agents Real Estate 76

Appraisal Today

DECEMBER 22, 2023

Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. More appraisers are getting tired of this and are adding it to their list of why they are retiring or quitting (plus client hassles and low fees, of course). So is a network of contacts in all areas of the real estate industry, not just the lending community.

Appraisal 76

Appraisal Business Contracts Real Estate 76

Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. My wife asked me why I did this?

Appraisal 69

Appraisal Modernization Training Business 69

Appraisal Today

FEBRUARY 23, 2024

acre lot, built in 2007 The chateau was listed in 2014 for $12.8 Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent. Excerpts: 8 bedrooms, 7.5+

Appraisal 68

Appraisal Real Estate Contracts Reconsideration of Value 68

Appraisal Today

MAY 26, 2023

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. . … Roberts faces a maximum of five years in prison and will be sentenced in six months. The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements.

Easement 52

Easement Contracts Appraisal Inspection 52

Will Springer Realtor

SEPTEMBER 28, 2022

Student debt is no longer just a first-time home buyer problem, says Cale Iorg, a loan officer at Supreme Lending in Alpharetta, Ga. “We Iorg says his office has a credit analyst whose job is to help clients improve their credit scores and DTI ratios. The average student loan payment is $460 a month. The Bottom Line.

Buyers 36

Buyers Loan Officers Mortgage Realtors 36

Appraisal Today

AUGUST 5, 2022

I always recommend VA as the best lender client for appraisers. Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020.

Appraisal 59

Appraisal Valuation Contracts Modernization 59