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FDIC finds banks violated RESPA on mortgage brokerage payments

Housing Wire

In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test. There are some caveats related to counseling services, referrals, and duplicative work.)

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Clear Capital cuts 24% of its workforce in restructuring

Housing Wire

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We’ve been a company that’s been investing very heavily in bringing data analytics and technology into the valuation space.

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A look behind this year’s Tech100 winners

Housing Wire

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. In 2016 LLR led a $26.5 No surprise here.

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Clear Capital and LenderX Partner to Deliver Collateral Review for Appraisal Modernization

Clear Capital

AURA is the first AI-driven appraisal review solution in API format that enables lenders to automatically assess images, text and floor plans. LenderX is the first Clear Capital partner to provide lenders with access to AURA, giving them a competitive advantage in streamlining the traditional and hybrid appraisal review process.

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Clear Capital Launches AURA™ to Automate and Advance Appraisal Review Process

Clear Capital

Through AURA, Clear Capital has created a more streamlined and approachable way to review and apply data to the appraisal and mortgage loan underwriting,” said Duane Andrews , CEO of Clear Capital. Risky Terms — Detect bias within the appraisal with risky terms rules.

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Clear Capital announces automated appraisal photo review innovation through ClearCollateral Review

Clear Capital

New technology furthers Clear Capital’s efforts to modernize the appraisal process. The technology was developed by Clear Capital’s data science team to further streamline the appraisal process and equip lenders with technology that powers low-risk, high-quality decisions.

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How to Level Up as an Appraiser

McKissock

As part of our contributor series, experienced appraiser Conrad Meertins Jr. shares his advice on how to level up as an appraiser. So, how do you level up as an appraiser? First, I must say that this article is not intended to explain the levels of appraiser licensing. There is a popular saying, “Skills pay the bills.”