Housing Wire

FEBRUARY 18, 2022

This week’s HW+ member spotlight features John Brenan, vice president of Valuation Policy and chief appraiser at Clear Capital. At Clear Capital, Brenan oversees the quality of the company’s appraisal and valuation products and implements changes to continually evolve the program. .

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Training Valuation Appraisal Real Estate 375

Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Lenders, Lender Technology Providers, Appraisal Management Companies (AMCs), Appraisal Software Providers, and Appraisers will need to devote time and resources to this evolution.

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Appraisal Design Lending Technology 397

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.

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Valuation Property Appraisal Training Appraisal 91

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? Underwriters are trained as desktop underwriters (DUs). It’s not subprime lending. Scaling is hard.”.

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Lending Investors Mortgage Clients 371

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

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Training Technology Real Estate Valuation 260

Clear Capital

APRIL 30, 2024

In part one of our home equity lending series , we discussed home equity lending and how lenders can use an AVM to market to home equity customers. In this second part, we’ll discuss how to meet interagency guidelines for property valuation while expediting underwriting by using ClearAVM + Property Condition Inspection (PCI).

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Valuation Inspection Lending Real Estate Agent 28

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

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Mortgage Loan Officers Lending Human Resources 417

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.

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Appraisal Agents Valuation Real Estate 70

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. Without much training, I have started marketing our newly launched floor plan app specifically on social media. You may be wondering where in the world I’ve been. Did I go dark?

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Marketing Real Estate Agent Real Estate Appraisal 300

Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Access our appraisal training courses here.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Access our appraisal training courses here.

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Appraisal Tips Appraisal Property Inspector Training 78

Housing Wire

SEPTEMBER 13, 2023

It makes accessible information that used to be hard to obtain, such as the condition of the backyard, the proximity of a property to a loud road, train tracks, or a body of water as well as the occupancy status of a property. The tool can be paired up with other types of valuation metrics.

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Tools Valuation Inspection Investors 389

Housing Wire

AUGUST 31, 2023

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. More recently, Fannie Mae launched a similar solution. But you already know this.

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Modernization Appraisal Inspection Valuation 370

AmeriMac

MARCH 15, 2024

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. These guidelines aimed to address concerns about inflated property valuations and the influence of lenders on appraisers. These changes mandated the use of independent appraisers and helped increase the demand for AMCs.

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Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. So, what can be done to mitigate bias and inequality in the valuation process?

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Appraisal Valuation Technology Training 486

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. It’s an exciting time in the mortgage industry, especially for appraisals. What are the benefits of 1004 Desktop appraisals?

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Modernization Appraisal Appraisal Process Inspection 69

The Robert Weiler Company

SEPTEMBER 30, 2020

Two of the best examples occur when there is lending involved or litigation pursued. If you are not satisfied with the original commercial property appraisal, the review process offers the opportunity to fix parts of the report that did not meet your standards or the standards of the financial lending institution you represent.

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Real Estate Appraisal Property Appraisal Valuation 137

Housing Wire

NOVEMBER 16, 2023

When CoreLogic acquired Roostify, the digital mortgage technology company I co-founded and led for more than a decade, in February, our mission was to accelerate and simplify the home lending experience. Technology has brought greater transparency and predictability to the industry over the last 10 years.

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Realtors Contracts Real Estate Agents 412

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.

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Valuation Modernization Real Estate Investors 69

Clear Capital

SEPTEMBER 13, 2023

Great news for users of Encompass® by ICE Mortgage Technology®. All Clear Capital residential valuations solutions are now available on the latest Encompass Partner Connect API Platform. What is Encompass by ICE Mortgage Technology? Encompass is a digital lending software available through ICE Mortgage Technology.

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Technology Valuation Mortgage Inspection 36

Housing Wire

MAY 25, 2021

A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process.

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Appraisal Valuation Real Estate Modernization 351

Housing Wire

OCTOBER 7, 2020

“The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said. Now, at WFG’s 10-year anniversary, this vision holds even more relevance. ” They would be further distilled into the company’s three C’s logo.

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Insurance Real Estate Technology Loan Officers 370

Clear Capital

MAY 24, 2022

Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. What is an AVM in Real Estate ? .

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Housing Market Valuation Marketing Real Estate 69

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. A desire to see the collateral analysis and valuation process evolve, modernize, and move forward—whatever term you prefer.

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Modernization Appraisal HOA Valuation 251

Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. I learned a lot. You need to educate yourself.

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Appraisal Business Contracts Real Estate 52

McKissock

FEBRUARY 25, 2022

” “As a 38-year-old student and appraiser in training I bring a fresh perspective from other industries and many years of fresh life experience and completely unadulterated perspective of the appraisal industry.” ” Free download: Navigate smoothly through every appraisal assignment with The Valuation Process Road Map.

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Real Estate Appraisal Easement Inspection 78

Appraisal Today

MAY 26, 2023

(Editor note: links are in the text Thoughts… Morgan Williams, General Counsel, National Fair Housing Alliance – He was a compelling witness – he drove home that he wanted access to anonymized loan-level data to determine the potential valuation bias. AI has to be trained on good data. As we all know, MLS, Public records, etc.

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Easement Contracts Appraisal Inspection 52

Appraisal Today

NOVEMBER 10, 2023

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. There will be detailed training requirements and background checks. To read more, click here My comment: The valuation/appraisal part of the article is near the end.

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Appraisal Contracts Design Mortgage 63

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. But for all the weaknesses amongst appraisers, who is training the average property data collector on this stuff?

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Appraisal Valuation Inspection Law 335

Appraisal Today

DECEMBER 15, 2023

fair lending laws has been on regulators’ radar in recent years. I trained one of them. In terms of the total valuations (including waivers) the GSEs have processed in the last 12 months, PDCs have made up between 0.17 Lenders and fee appraisers have done this for decades. Often required 5 years of certified experience.

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Appraisal Contracts Business Mortgage 78

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” And it’s a technology we’ve been using as a customer for about a year. And that that paper is called, “Racial and ethnic valuation gaps in home purchase appraisals.”

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Sellers Agents Real Estate Buyers 69