Appraisal Buzz

APRIL 15, 2024

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. These forms became fixed in the mortgage industry and have remained the standard for decades.

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Housing Wire

MAY 23, 2024

Editor in Chief Sarah Wheeler sat down with Christos Bettios, chief information officer at NFM Lending , to talk about the company’s private, proprietary GPT that is making his whole team more efficient. Bettios has been at NFM Lending for seven years and previously worked at US Bank Home Mortgages and First American Mortgage Solutions.

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Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

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Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

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Housing Wire

SEPTEMBER 21, 2021

According to the administration, this gave mortgagees and their designated technology service providers time to make “necessary adjustments to their systems and processes, including onboarding activities.”. How increased regulation presents a huge opportunity for lenders. Presented by: iEmergent. Learn more here!

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Housing Wire

NOVEMBER 29, 2022

This was “likely attributable to massive government stimulus and other support programs designed to stabilize the housing market during the COVID-19 pandemic,” according to the report. Presented by: FormFree. Bias in lending is a challenge that the mortgage industry has been struggling with, as seen from a handful of suits.

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Housing Wire

MAY 27, 2022

The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance. Presented by: Mortgage Coach. The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said.

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Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. Explore three steps that enable technology to work more efficiently, which helps drive profitability. Presented by: Total Expert.

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Housing Wire

NOVEMBER 1, 2023

As borrowers reel from the sticker shock of conventional mortgages , lenders could see a surge of demand for alternative lending products, such as adjustable-rate mortgages (ARMs), for the first time since the financial crisis. Avoid the dreaded info dump, where lending products display on an endless scroll with intimidating blocks of text.

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Housing Wire

AUGUST 5, 2022

It becomes even more important in a highly competitive lending environment, as everyone is trying to give borrowers the fastest and best experience while maintaining process integrity. First, we need to ensure that property inspections are completed quickly and thoroughly and that the data is presented to the appraiser in an efficient manner.

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Appraisal Buzz

SEPTEMBER 5, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”.

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Housing Wire

JANUARY 29, 2021

Additionally, use of this technology is trending up significantly in Midwestern states. Presented by: SimpleNexus. More importantly, consumers expect the mortgage lending process to be as easy for them as other types of transactions that are completely digital. “No

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Housing Wire

MAY 6, 2024

That question would be answered succinctly when the Dodd Frank Act retooled the entire consumer regulatory structure, redrafting lending and closing documents, stiffening enforcement of laws long on the books and creating new ones, and sending participants in the real estate process into a panic trying to figure out to make it all work.

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Housing Wire

MAY 21, 2024

Making use of emerging technologies including generative artificial intelligence (AI), NAF has launched a marketing campaign called “Old Wives” that seeks to show how potential borrowers could be empowered by making use of their own resources — namely their home’s equity — to forge a path in retirement.

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Housing Wire

MARCH 17, 2021

Presented by: Auction.com. The company also released the MyHome platform in the fourth quarter of 2020, designed to provide transparency to every participant in the real estate transaction through immediate access. WFG reported its highest volume months ever during the second and third quarters of 2020.

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Housing Wire

OCTOBER 23, 2020

As this settlement demonstrates, we are committed to holding mortgage lenders accountable when they choose to abuse the integrity of vital government programs that are designed to assist homeownership,” U.S. Explore three steps that enable technology to work more efficiently, which helps drive profitability. Presented by: Total Expert.

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Housing Wire

APRIL 14, 2021

Based on 2020, many mortgage lenders are now exploring technology. More specifically, how technology could leave them less exposed to excessive underwriting costs and make them “market ready” for any volume. RPAs are rigid and designed to handle repeatable tasks. Don’t blame the robots. But don’t blame the robots.

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Housing Wire

NOVEMBER 5, 2020

Presented by: Snapdocs. For those who had closed on a mortgage in the past, this time around, 79% of respondents said that technology played a bigger role in the current transaction. The survey was sponsored by ClosingCorp and jointly designed with STRATMOR Group. Find out what those are here. The end result?

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Housing Wire

MARCH 12, 2021

Borrowers are exiting via deferral and modifications (see Figure 3), handled, of course, by smart technology solutions. million forbearances for American homeowners by mid-June, Sagent’s LoanServ was the first scale system of record servicers could tag and track loans with a COVID-specific forbearance designation. Not this time.

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Housing Wire

SEPTEMBER 27, 2021

Arming your origination team with the right technology and training to manage consistency, compliance and brand recognition on social media is worth the investment – not to mention the peace of mind. For example, Black Knight’s social media platform delivers features specifically designed to help protect an organization from compliance risk.

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Housing Wire

AUGUST 30, 2021

Like every industry, the real estate profession grappled with doing business during the pandemic – not just for the sake of doing business, but for the unnerved consumers trying to navigate the home-buying process during an alarming present and an uncertain future. Refinances also saw a surge. Broadband hammered dialup.

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Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. version arrived just over six months after the 20.1

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Housing Wire

FEBRUARY 17, 2022

I am so proud to have played a role in building this purposefully different consumer lending platform with the broadest range of products and services designed to help a diverse consumer base,” Cook said. Presented by: Finance of America. Today, more borrowers are self-employed, work remotely and have multiple streams of income.

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Housing Wire

MARCH 24, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.

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Housing Wire

APRIL 27, 2021

In many of those reviewed, there is a strong desire to keep appraisals and appraisers as key components of the mortgage lending process. Because Freddie and Fannie are such a large share of the market, their appraisal guidelines—forms and methods—become the de facto industry standards for residential mortgage lending.

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Housing Wire

FEBRUARY 16, 2021

You want to make sure to work with a lender that utilizes efficient technology along with strong processes designed to ensure a smooth and easy experience. Will they go so far as to present on your behalf at meetings with real estate agents or other partners? Do they have a customer-first focus?

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Housing Wire

APRIL 1, 2021

To offset costs, the Biden Administration wants to raise the corporate tax rate from 21% to 28% which, combined with measures designed to stop offshoring of profits, would fund the entire plan within 15 years, according to the White House. Presented by: Sagent Lending Technologies.

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Housing Wire

JUNE 1, 2022

With a generation as technologically inclined as Millennials, more lenders are understanding the importance that convenience and speed will play well into the future of the housing market. Path is an enterprise-level, cloud-based LOS uniquely designed to mitigate risk while keeping loans compliant and shortening overall turnaround times.

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Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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Clear Capital

JUNE 21, 2022

Then in early 2022, Fannie Mae turned to real estate valuation technology to conduct its own study on appraisal bias. Questions were posed such as, “are they, in fact, objective,” or “is AVM technology just as susceptible to valuation bias?” . AVMs should be used in the lending process to prevent appraisal bias.

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Housing Wire

DECEMBER 7, 2020

However, as the campaign transitions to the Biden-Harris administration, the incoming team needs to address significant operational and design challenges before such a tax credit is sufficiently ripe for consideration by a narrowly divided Congress. Presented by: Quicken Loans Mortgage Solutions. of the average home price.

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Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. Today’s Selling Guide change presents a great opportunity for mortgage lenders and the borrowers they serve.

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Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. This kept appraisers busy.

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Patch of Land

NOVEMBER 14, 2018

For this post, we offer five great technology tools to help real estate investors of all types, particularly house flippers. The app was designed with two personas in mind. HouseCanary offers a free trial, and is a technology worth exploring. HouseCanary. DealMachine. Here’s how it works.

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Appraisal Today

APRIL 14, 2023

Similar to homes with biophilic design, water and surrounding nature can make us happier and help our overall well-being by encouraging us to spend time outdoors. Browse the following resources designed to help you avoid common appraisal errors and violations. Here are two: 1. 25 Common Errors in Appraisal Reports 2.

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Will Springer Realtor

MAY 9, 2022

A growing diversified base of technology companies continue to proclaim the Eastside market as one of the best living and job opportunities in the country,” noted local commercial property firm Broderick Group in a report issued last month. That was within the 28% ceiling considered affordable by common lending standards. million sq.

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PennyMac

OCTOBER 13, 2021

Real estate, like many other industries, has been fundamentally changed by technology. Add in a worldwide pandemic to the mix, and technology has become the lifeline of the entire industry. With its considerable focus on design, decor, and lifestyle imagery, Instagram is a great match for real estate and neighborhood content.

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