Housing Wire

MARCH 31, 2021

Eight days after Compass unveiled a hoped-for Wall Street valuation of over $10 billion, the New York City-based residential brokerage has significantly scaled back its ambitions for an initial public offering. Based on the documents Compass filed with the SEC, it looks poised to go public on Thursday. That was fast.

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Valuation Brokerage Market Value Business 349

Housing Wire

MARCH 26, 2024

Court documents filed on March 22 show that the lender and plaintiffs Nathan Connolly and Shani Mott — the latter a scholar of Black studies at Johns Hopkins University who died March 12 in Baltimore of adrenal cancer — agreed with a voluntary dismissal with prejudice. But the company hasn’t admitted any fault.

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Appraisal Reconsideration of Value Valuation Mortgage Appraisal 319

Housing Wire

MARCH 2, 2021

For example, the average amount of time it takes to complete the underwriting process is anywhere from a few days to possibly weeks, depending on how many financial records and documents need to be reviewed and the number of staff on hand. HW: How can integrating title and valuation data points alleviate those pain points?

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Valuation Lending Real Estate Investors 240

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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Real Estate Brokerage Valuation Contracts 328

Housing Wire

NOVEMBER 8, 2023

Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. In October , Xactus ’s valuation solution, Appraisal Firewall X, also met federal requirements to fulfill Fannie Mae property data collection orders.

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Valuation Inspection Modernization Training 290

Housing Wire

AUGUST 2, 2023

Fannie Mae published a new frequently asked questions (FAQ) document related to AIR this week. AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae.

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Appraisal Valuation Design Modernization 271

Housing Wire

NOVEMBER 3, 2023

The Federal Housing Administration (FHA) announced this week that it has implemented updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae ’s MH Advantage and Freddie Mac ’s CHOICEHome programs. The updates apply to both the forward and reverse mortgage programs, according to the document.

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Appraisal Valuation Insurance Tools 378

Housing Wire

JULY 28, 2021

An Oakland homeowner says the home valuation process failed her due to the color of her skin, according to a complaint filed with U.S. Kearney’s valuation, the complaint claims, is based on comparing Robinson’s abode to far-flung Black-owned homes in Oakland instead of white-own domiciles in the surrounding neighborhood.

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Appraisal Valuation Lending Legal 447

Housing Wire

JANUARY 12, 2023

We must eliminate bias in home valuations so that everyone can equally reap the benefit of wealth – and intergenerational wealth – that come along with homeownership,” HUD Secretary Marcia L. Fudge said during an event at the Brookings Institute. In addition, new cases regarding racial bias on appraisals became public over the last year.

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Reconsideration of Value Development Appraisal Valuation 346

Housing Wire

FEBRUARY 8, 2024

Shortly after ICE’s acquisition of Black Knight , executives noted that more than $300 million worth of opportunities existed, including cross-selling the company’s data and document automation platform to Black Knight’s entire mortgage servicing system.

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Technology Clients Investing Mortgage 307

Miller Samuel

OCTOBER 3, 2023

I documented my approach to its valuation back on May 5, 2010 on my Matrix blog , after years of getting calls from real estate agents asking how to value them, this post was born: [Terra Logic] Understanding The Value of Manhattan Apartment Outdoor Space.

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Real Estate Agent Valuation Real Estate Agents 195

Housing Wire

SEPTEMBER 28, 2023

Other opportunities ICE acknowledged include developing innovative analytics that help lenders connect with potential buyers in historically underserved markets and identify minority bias in the home valuation process. There’s a little north of 100 [MSP clients] and we believe that 40 of those are not on Encompass today.

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Technology Valuation Mortgage Development 352

George Dell

JULY 12, 2023

This part 7 of a multipart look at issues in valuation standards. USPAP WORKFILE The “workfile” concept works well as an effort at documenting an […] The post Workfile or Integration? Workfile is required, (or not?). Editor’s Note: This is Standards, part 3.7 of George Dell’s series on How Do I Move to EBV?

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Valuation Appraisal 195

Housing Wire

DECEMBER 27, 2023

In addition, the title firm filed a document with the Securities and Exchange Commission last Friday, stating that it was “working diligently” to restore systems it had taken offline, but could not estimate “the duration or extent of the disruption at this time.”

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Sellers Insurance Valuation Clients 488

Housing Wire

AUGUST 2, 2022

Monthly valuations of the MSRs for both offerings will be performed by SitusAMC, Kroll Bond Rating Agency (KBRA) reports. Monthly valuations of the MSRs for both offerings will be performed by Denver-based Incenter Mortgage Advisors, KBRA reports. Incenter has managed more than $1.5 billion in total.

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Mortgage Sellers Valuation Brokerage 359

Housing Wire

JULY 14, 2022

Better.com and Aurora received requests for documents from the SEC’s enforcement division in the second quarter of 2022. Better and Aurora are cooperating with the SEC,” according to a document Aurora filed with the SEC Thursday. billion valuation via a merger with Aurora, sponsored by Novatar Capital.

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Law Valuation Business Investing 373

Housing Wire

FEBRUARY 7, 2023

This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS). Lenders can also use the system to order closing documents and other data. The documents will be encrypted prior to being stored on Mortgage Cadence.

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Mortgage Technology Lending Valuation 312

Housing Wire

MARCH 10, 2021

How hybrid title and valuations help increase lending efficiency. It also announced a valuation of more than $1 billion following a $65 million Series D funding round. Streamline by combining services. Why use several vendors for title searches, appraisals and underwriting when you can use one? Presented by: Altisource.

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Real Estate Agent Valuation Real Estate Tools 369

Housing Wire

SEPTEMBER 19, 2022

Staircase’s mortgage insurance underwriting tool fully automates the non-delegated underwriting process by pulling documents and data directly from lenders to allow insurers to make instant policy decisions, the firm said. Presented by: Stavvy.

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Insurance Tools Mortgage Valuation 363

Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Reconsideration of Value Appraisal Valuation Appraisal Process 450

Housing Wire

NOVEMBER 30, 2023

SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs? SW: How hard is it to change the way valuations are done at a fundamental level? KC: Many lenders’ loan origination systems are really just providing a document repository and maybe some screens.

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Modernization Appraisal Valuation Investing 407

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need. So, how are businesses valued?

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Valuation Business Buyers Market Value 147

AmeriMac

OCTOBER 30, 2023

The appraisal industry has undergone a significant transformation in recent years, with the emergence of alternate valuation products like the property inspection waiver program. In this blog post, we will look in-depth at alternate valuation products, how they work, and their potential to replace traditional appraisal methods.

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Valuation Appraisal Inspection Technology 36

Housing Wire

SEPTEMBER 14, 2021

Nationwide Title Clearing , one of the country’s largest mortgage document prep companies , is to be acquired by settlement services firm Covius Holdings. In acquiring NTC, Covius is beefing up its offerings in lien release and various document production services.

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Valuation Government Mortgage Marketing 366

Clear Capital

FEBRUARY 23, 2024

Shared equity programs are growing across the country, and lenders and appraisers should understand the nuances of these programs to ensure accurate valuations. The contract will also likely reference a second document, either a deed restriction or a ground lease. Verify with publicly recorded documents. What is shared equity?

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Valuation Market Value Contracts Appraisal 36

Valuation Review

DECEMBER 8, 2021

Paradatec, a provider of AI-based document classification and data extraction technology for mortgage loan processing, announced Guaranty Home Mortgage Corp. has selected Paradatec’s AI-Cloud for document processing and indexing.

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Mortgage Technology 60

Housing Wire

MAY 2, 2021

Over the last several years, significant technology trends continue to change the way people interact and work, and collateral valuation is no exception. This unique valuation offering is bolstered by the industry’s largest, most comprehensive database of property and homeowner information and recorded document images.

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Technology Valuation Mortgage Inspection 344

Housing Wire

FEBRUARY 21, 2023

It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Valuations – Hybrid and desktop appraisals allow appraisers to focus on appraisal quality and output rather than losing precious hours in transit.

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Modernization Technology Real Estate Agent Valuation 300

Housing Wire

JULY 29, 2021

The Property Appraisal and Valuation Equity task force will deliver a report to Biden within six months to describe the “extent, causes, and consequences of undervaluing of properties,” a HUD official told HousingWire. Many appraisers say disparities in valuation are caused by factors outside their control.

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Appraisal Valuation Training Law 545

Appraisal Buzz

APRIL 20, 2022

has launched its new nationwide desktop appraisal data collection service to fully enable the new property valuation method called desktop appraisal endorsed and approved by Fannie Mae and Freddie Mac that started on March 19, 2022. Asteroom Inc.

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Appraisal Inspection Valuation Technology 195

Housing Wire

JULY 31, 2023

Figure’s profitable lending business — with more than a 50% contribution margin — prompted executives to begin talks with bankers to take its lending division LendCo public in early 2024, per Bloomberg which cited documentation of Cagney’s comment in a meeting. billion public valuation for LendCo when it goes public.

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Lending Valuation Business Technology 291

Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their assessments can delineate how such disputes affect property valuation, informing legal arguments and potential resolutions.

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Legal Real Estate Appraisal Valuation 148

Housing Wire

APRIL 20, 2021

With this integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs and appraisers directly through the ICE platform. ICE Mortgage Technology, formerly known as Ellie Mae , is a cloud-based loan origination platform provider for the mortgage industry.

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Mortgage Valuation Technology Lending 309

Housing Wire

OCTOBER 18, 2022

Automated Valuation Models (AVMs) are having a moment. For instance, we update underlying data, retrain our models, and run valuations on every residential property in the country every 24 hours. Cost is one of the reasons why AVMs have historically been the valuation product of choice for home equity products.

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Valuation Home Value Technology Lending 253

Appraisal Buzz

DECEMBER 6, 2021

Instead, tech innovations have started to enter the market with the goal of optimizing the appraisal process by automating key portions of a property’s valuation. With the acquisition, Class Valuation is looking to deliver a completely digitized appraisal process. In addition, AMCs have been investing heavily in R&D. . .

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Appraisal Appraisal Process Valuation Technology 448

Housing Wire

OCTOBER 4, 2023

Top recommended AI application ideas included compliance, underwriting and property valuation. About 22% of surveyed lenders responded they started deploying AI or ML on a limited or trial basis, a jump from only 13% in 2018.

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Technology Lending Valuation Mortgage 343

Housing Wire

NOVEMBER 11, 2021

According to a press release published by the administration, this is the first consolidation of policies for the Title I program in almost 40 years, and will remove the need for lenders to refer to more than 120 separate policy documents. How Freddie Mac is addressing affordable housing challenges. Presented by: Freddie Mac.

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Finance Valuation Insurance Lending 441