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How lenders can improve property tax estimation processes to bolster borrower satisfaction

Housing Wire

Plaza Home Mortgage was no exception, as it sought to improve its property tax estimation process. This case study explores how the correspondent lender was able to reduce its property tax estimation time by upwards of 90% per loan by implementing CoreLogic’s Property Tax Estimator (PTE).

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DataTrace integrates with title software SoftPro

Housing Wire

DataTrace also offers property tax information and certification services in Colorado and Texas. . To help improve the title search process, many companies are using artificial intelligence and machine learning combined with underwriting guidelines — to search traditional and non-traditional property data sources.”

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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

They are trained to catch things that most people might miss. PROPERTY TAXES. Property taxes are an important thing to think about before paying more than market value for a home. In many areas, property taxes can be expensive. property taxes increased at the fastest pace in four years, in 2020.

Buyers 243
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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

The big difference is that monthly mortgage payments are optional so long as the borrower continues to maintain the home and pay their property taxes and insurance,” Cooper said. The customer would bring roughly 60-65% to the table and the reverse mortgage lender would provide the other 35-40% for the transaction.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

We provide lenders with best-in-class training (including live and on-demand opportunities) and comprehensive educational materials on the federally insured Home Equity Conversion Mortgage (HECM) and our proprietary Equity Elite suite of products before engaging with borrowers. Not tax advice. Consult a tax professional. †

Mortgage 391
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10 Types of Non-Lending Appraisal Work to Pursue this Year

McKissock

Property tax assessment (10%) This type of non-lending appraisal work involves determining a property’s taxable value in order to calculate the correct amount of property tax owed each year. Training work may include consulting, teaching, writing appraisal courses, mentoring, etc.

Lending 99
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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

Appraisal 293