Government, Lending, Modernization and Valuation

Clear Capital Launches Property Valuation, Risk Assessment APIs for Streamlined Access to Modern Valuation Solutions

Clear Capital

JUNE 28, 2022

Reno, NV — June 28, 2022 — Clear Capital , a national real estate valuation technology company, today announced the launch of two Application Programming Interfaces (APIs), Property Valuation API and Risk Assessment API.

Valuation

Valuation Modernization Real Estate Investors

PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

Valuation

Valuation Property Appraisal Training Appraisal

Proposed VA appraisal law looks to even the playing field

Housing Wire

MAY 23, 2022

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans.

Law

Law Appraisal Modernization Appraisal Process

Are these factors creating chaos in your mortgage lending ops?

Housing Wire

JUNE 7, 2022

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? The post Are these factors creating chaos in your mortgage lending ops? appeared first on HousingWire.

Lending

Lending Mortgage Technology Modernization

CFPB and DOJ: Lenders are liable for appraisal discrimination

Housing Wire

MARCH 13, 2023

The lawsuit alleges that an appraiser with 20/20 Valuations lowered the valuation of a home because the owners, Nathan Connolly and Shani Motta, were Black — and were also denied the owners’ mortgage refinancing application with loanDepot based on the lower appraisal, which violated the FHA and ECOA. Lanham, et al.

Appraisal

Appraisal Valuation Law Loan Officers

FHFA sets extensions and expirations on loan flexibilities

Housing Wire

APRIL 21, 2021

The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021. Within the RFI, the FHFA sought insight on the appraisal policies, practices and processes of Fannie and Freddie, especially as it relates to the GSEs’ appraisal modernization efforts.

Real Estate Agent

Real Estate Agent Valuation Appraisal Modernization

GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

JUNE 14, 2022

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

Appraisal Valuation Inspection Law

The fate of HUD

Housing Wire

FEBRUARY 7, 2022

As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. 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.

Insurance

Insurance Modernization Lending Mortgage

FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process. Delegating onsite data collection.

Appraisal

Appraisal Valuation Real Estate Modernization

Clear Capital’s loan servicing solution helps servicers evaluate and mitigate risk

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

Valuation

Valuation Technology Development Real Estate

Opinion: What the ICE-Black Knight merger means

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

Real Estate

Real Estate Supply Chain Architecture Brokerage

Clear Capital announces property data collection app to support appraisal modernization programs

Clear Capital

APRIL 15, 2021

April 15, 2021 — Clear Capital, a real estate valuation and analytics fintech leader, today announced its latest product, ClearInsight , an easy-to-use mobile app that enables real estate professionals, homeowners, and appraisers alike to quickly generate a complete digital picture of a home. .

Modernization

Modernization Appraisal Valuation Real Estate

Originators gear up for the purchase market

Housing Wire

DECEMBER 31, 2021

Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn’t just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022.

Marketing

Marketing Law Government Mortgage

With strategic plan, FHFA charts new course

Housing Wire

FEBRUARY 14, 2022

One way the FHFA proposed is through the government-sponsored enterprises’ duty to serve plans, which set goals for lending liquidity and preservation for manufactured, rural, and affordable housing. But the status of the agency’s efforts to accomplish that goal is less clear.

Appraisal Process

Appraisal Process Finance Appraisal Modernization

With landmark GSE equity plans, FHFA confronts legacy of redlining

Housing Wire

JUNE 8, 2022

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A

Development

Development Finance Government Lending

The surprising future of mortgage technology

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. We have fared much better on the automation side.

Technology

Technology Mortgage Investors Investing

The appraisal industry’s hidden hand

Housing Wire

JUNE 28, 2021

Appraisers decry them as counterproductive, even exploitative middlemen, while lenders offer a pat on the back for keeping them one step ahead of government auditors. But they did not become key players in the home valuation industry until the recent housing bubble.”. They would then pay Rickard. Rickard never got paid.

Appraisal

Appraisal Valuation Business Contracts

AVMs undergo compliance and regulation updates

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

Valuation

Valuation Technology Lending Real Estate

AmeriHome plans to go public – Let’s look at the numbers

Housing Wire

OCTOBER 2, 2020

Its MSR portfolio contains 41% government and 59% conventional loans as of June 30. billion valuation in the fourth quarter. And on the same day that AmeriHome’s S-1 hit the wires, it was reported that Texas-based lender Caliber Home Loans could go public next week at a valuation north of $2 billion.

Valuation

Valuation Mortgage Business Modernization

How To Appraise Rural Properties

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 not hard to learn the valuation factors. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

Appraisal

Appraisal Inspection Modernization Business

Choosing the Right Appraiser: A Guide for Agents, Attorneys, Accountants, and Homeowners

Birmingham Appraisal

AUGUST 2, 2023

Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

Appraisal

Appraisal Agents Valuation Real Estate

Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

Mortgage

Mortgage Government Contracts Insurance

Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

JULY 28, 2019

However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all. Are these “other” inspection-and-valuation processes appropriate for lending?

Appraisal

Appraisal Inspection Valuation Lending

Appliances for FHA appraisals

Appraisal Today

FEBRUARY 9, 2024

His law practice is dedicated to valuation issues. The government and those that write the rules have made it illegal (a punishable violation) to refuse an appraisal assignment in an area which consists primarily of non-whites. Back in the day, this protected the lender from lending more than the home/property is worth.

Appraisal

Appraisal Contracts Insurance Construction

SFR with ADU or Two Units?

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

Insurance

Insurance Appraisal Contracts Mortgage

Appraising Historical Homes

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Never use a lending form (such as a 1004) for estate work. My comments: MORTGAGE LENDING IS VERY SLOW NOW. baths, 2,973 sq.ft.,

Appraisal

Appraisal Contracts Training Architecture

Freddie Advice: How to Avoid Using “Bad” Words

Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. They are working closely with FHFA on how to handle the risk associated with that—things like accuracy, condition, default risk, fair lending, and city vs rural. Originally constructed in 1973, an 1100 ht.sq.ft.

Appraisal

Appraisal Contracts Design Mortgage

How to Find Comps With Few Sales

Appraisal Today

FEBRUARY 23, 2024

Resembling a modern French Chteau, it features a freshwater lake, manicured gardens, and three levels of luxurious living spaces. Finally, we have an inside look (and some hard numbers) at how Fannie’s complaint process works and how many complaints these Government Sponsored Enterprises (GSEs) are actually filing against appraisers.

Appraisal

Appraisal Real Estate Contracts Reconsideration of Value

Property Appraisal Zone

Clear Capital Launches Property Valuation, Risk Assessment APIs for Streamlined Access to Modern Valuation Solutions

PAVE Task Force Releases Recommendations to Promote Valuation Equity

Trending Sources

Proposed VA appraisal law looks to even the playing field

Are these factors creating chaos in your mortgage lending ops?

CFPB and DOJ: Lenders are liable for appraisal discrimination

FHFA sets extensions and expirations on loan flexibilities

GSEs further expand AVMs, desktop and hybrid appraisals

The fate of HUD

FHFA’s RFI on appraisals is a critical inflection point

Clear Capital’s loan servicing solution helps servicers evaluate and mitigate risk

Opinion: What the ICE-Black Knight merger means

Clear Capital announces property data collection app to support appraisal modernization programs

Originators gear up for the purchase market

With strategic plan, FHFA charts new course

With landmark GSE equity plans, FHFA confronts legacy of redlining

The surprising future of mortgage technology

The appraisal industry’s hidden hand

AVMs undergo compliance and regulation updates

AmeriHome plans to go public – Let’s look at the numbers

How To Appraise Rural Properties

Choosing the Right Appraiser: A Guide for Agents, Attorneys, Accountants, and Homeowners

Help for troubled borrowers is on the way. But will it come soon enough?

Nothing New Under the Sun: the varied face of appraisal

Appliances for FHA appraisals

SFR with ADU or Two Units?

Appraising Historical Homes

Freddie Advice: How to Avoid Using “Bad” Words

How to Find Comps With Few Sales

Stay Connected