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 349

Real Estate Real Estate Agent Technology Investors 349

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. But the boom times are over, and he knows it. And he’s far from alone.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

NOVEMBER 10, 2022

” While the size of the layoff across the country is unknown, positions of affected employees from LinkedIn posts included client success specialist, senior operations associate, account manager and issue resolution specialist. She will remain head of home lending while the company searches for her successor. .

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Mortgage Loan Officers Lending Business 358

Housing Wire

SEPTEMBER 30, 2020

million borrowers, thousands of investors and more than 100 subservicing clients. On the originations side, we’ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. We continue to expand our operating capabilities through hiring, technology development and continued process improvement.

Mortgage 353

Mortgage Investors Business Human Resources 353

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. The introduction of a personal loan reflects the company’s strategy to develop end-to-end digital solutions to serve customers across various financial products beyond mortgages. ” Tapping that equity.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

JULY 28, 2021

Department of Housing and Urban Development (HUD) when the loan balance reaches 98% of the maximum claim amount (MCA) — has increased, which doesn’t actually remove such loans from the broader penetration equation, he says. So, for both of those reasons, we’re actually seeing penetration go down.”.

Business 293

Business Mortgage Clients Marketing 293

McKissock

DECEMBER 28, 2021

Many homes have equity available, unlike the 2008 housing collapse. Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. It’s likely that the task force’s recommendations will be adopted by most of the major players in the residential mortgage lending arena.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

McKissock

JULY 28, 2020

For instance, in Florida there were 14,995 appraisers on November 30, 2008 (renewal deadline date); however, on the following morning (December 1, 2008) there were just 9,510 because roughly a third of the appraisers did not renew. Since then we’ve lost about a third more. Areas where AVMs are unreliable.

Appraisal 58

Appraisal Tools Real Estate Property Appraisal 58

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

Listing Spark

AUGUST 11, 2022

For those that haven’t been a real estate investor before, hard money lending may be confusing. We’ll dive into hard money lending with Romney Navarro, CEO of Streamline Funding which is a Texas-based private lending company. 4:20 – The hard money lending process and the difference between that and conventional financing.

Real Estate 36

Real Estate Investors Lending Investing 36

AmeriMac

SEPTEMBER 1, 2021

They will also deliver the report to the lender or other client as well. A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. However, they were not widely used until after the mortgage crisis in 2007 and 2008.

Appraisal 36

Appraisal Valuation Law Lending 36

Cleveland Appraisal Blog

MARCH 18, 2021

I saw this exact same scenario play out in the years leading up to 2008. In fact, some of my slowest years were the years just up to 2008 because I could not compete with some appraisers who would hit any purchase price, no matter what the data pointed to. We’ve all heard of predatory lending. The data speaks the truth. .

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Appraisal Investors Buyers Market Value 195

Appraisal Today

MAY 19, 2023

ChatGPT is an advanced AI language model developed by OpenAI that can be used to streamline the appraisal writing process. They can tell their clients that their data collectors are qualified, as compared with their competitors. There were a lot of foreclosure appraisals starting in 2008. The answer is, Yes! Now, AMCs dominate.

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Appraisal Business Contracts Real Estate 52

Appraisal Today

MAY 12, 2023

If not working use this link [link] An oldie from 2008 but a goodie ;> A blast from the past, pre-HVCC!! Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Mortgage lending is very, very cyclical. Very tough market now with many layoffs.

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Appraisal Architecture Business Contracts 52

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. The good times and the hard times.

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

SEPTEMBER 17, 2022

Which are your best current and former AMC/lender clients? Turn time (what AMCs’ clients, the lenders, want): decrease your turn time. Their lender clients don’t like the turn time delays. Ethically, appraisers must disclose if there are significant problems, whether lender or non-lender clients.

Appraisal 52

Appraisal Construction Contracts Insurance 52

Appraisal Today

FEBRUARY 17, 2023

To read more click here My comment : Take a break and scroll down the list to see some great photos! == Staff Layoffs at AMCs By Dave Towne Excerpts: Appraisers, it’s not ‘just us’ who have taken the slowdown in lending “in the shorts.” Corelogic may continue placing assignments with 1099 vendor appraisers.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

NOVEMBER 20, 2022

Unfortunately, because many appraisals were rarely rejected or required corrections, appraisers developed the false notion that poorly crafted appraisals were okay to turn in. FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. This is definitely not a repeat of 2008. ==.

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Appraisal Real Estate Agent Real Estate Contracts 52