Remove Contracts Remove Lending Remove Modernization Remove Valuation
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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models. Using its automated valuation models “leads to relatively lower racial gaps,” Freddie Mac said. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 308
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment. If typewriters are no more, it is time for forms to be retired as well.

Appraisal 397
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Opinion: What the ICE-Black Knight merger means

Housing Wire

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. Lenders began to define the “trust model” of standards, contracts and shared services necessary to achieve cross industry interoperability.

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Appraisal Risk and Modernization

Appraisal Today

Industry Insider Insight on Risk and Modernization. Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending.

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Originators gear up for the purchase market

Housing Wire

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S.

Marketing 420
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The appraisal gap is complicating deals across the country

Housing Wire

It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. How hybrid title and valuations help increase lending efficiency. The home checked off every box on Linda’s list. Presented by: Altisource.

Appraisal 539
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The appraisal industry’s hidden hand

Housing Wire

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It But they did not become key players in the home valuation industry until the recent housing bubble.”. The outcome was a settlement, the Home Valuation Code of Conduct, or, as appraisers swiftly dubbed it, havoc.

Appraisal 401