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CAPE Analytics launches new AI-powered, automated property condition report tool 

Housing Wire

CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

Tools 362
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Lenders see appraisal modernization as a top priority

Housing Wire

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Lenders also mentioned concerns and roadblocks with adopting new appraisal modernization tools.

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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. Homelight , a platform for homebuyers and sellers, was No.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

Property data collection consists of a complete interior and exterior inspection of the subject property. While all data collectors are held to similar minimum requirements, some may be equipped with enhanced technology to capture data. What is property data collection? A trained and vetted third party can perform the data collection.

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Are remote appraisals here to stay?

Housing Wire

But in the face of the ongoing epidemic and increasing volume impacting turn times, the industry will need to use technology to remediate these issues. Remote inspections have the power to make homeowners and appraisers more comfortable. They want to know what they’re inspecting and they want to be able to take the photos.”.

Appraisal 321
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Opinion: seven things to look for in a home equity partner

Housing Wire

They can do this by applying advanced technology — digital title solutions, automated inspection and appraisal tools, consumer-facing scheduling apps and eClosing solutions — and working with you to optimize your internal workflows and processes. Leading-edge technology products/solutions.

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Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisal inspection is typically where such interactions occur, and this can be a stressful experience for the borrower.