Genworth MI Blog

AUGUST 31, 2022

Q: How do automated valuation models (AVMs) come into play in the appraisal process? From a mortgage insurance perspective, appraisal reviewers are trying to find out not what is wrong but what is right and want to work alongside the appraisers and underwriters to do so. Never miss a post by subscribing to the Enact MI Blog!

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Genworth MI Blog

JULY 13, 2023

Risks lenders should consider Over the years the appraisal review process has grown, along with many resources that allow for data validation, and Automated Valuation Model (AVM) products that offer details for sales in the area. They’ll be happy to help you meet your business needs, answer questions, and point you in the right direction.

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Housing Wire

JUNE 8, 2022

Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth. I suspect the ever-rising valuation of fintech companies is over for a while.”. million in the first quarter of 2022. Halbrook said. “I

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Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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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. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. The last two years have been good to Christian Dicker.

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Housing Wire

SEPTEMBER 21, 2023

But I think there’s still kind of an old-school mentality: it’s a face-to-face, belly-to-belly style business. Those that kind of understand business expenses and controls and where to invest and grow their business in a down marke t are the ones that are going to end up gaining market share.

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Appraisal Today

OCTOBER 14, 2022

Lastly, many lenders have progressed beyond the initial risk identification stage, or the “gotcha stage” to a holistic and strategic approach that accepts risk into their business objectives. Appraisal Business Tips . I have been through several significant appraisal business downturns. To read more, click here.

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. I have been doing them since I started my business in 1986.

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Appraisal Today

AUGUST 13, 2023

2023 E&O Insurance Brokers Risks of Expert Work by Claudia Gaglione, Esq A long article from Claudia with 4 very good case studies. As appraisers we can learn a lot from this, both in terms of how to interpret our market and how we interpret our own businesses and careers. I recognized the use of software similar to ChatGPT.

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Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” To create new capacity for the industry, new approaches to valuation that are faster and better, and less prone to bias. Interview with Ribbon Co-Founder & CEO Shaival Shah.

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Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. This should be part of the cost of your doing business – compliance and risk monitoring for these types of things. For lenders and brokerages, the risks of LOs or agents overstepping are high.

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Housing Wire

FEBRUARY 7, 2022

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said. Many have called for reductions.

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