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Class Valuation acquires Maine-based AMC PropertyVal

Housing Wire

Class Valuation , one of the largest appraisal management companies in the U.S., To partner with an industry leader like Class Valuation will benefit both our lending and appraisal partners,” Robert Strong, CEO of PropertyVal, said in a statement. Class Valuation said it would bring on AppraisalTek’s 75 full-time employees.

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Guild acquires small retail lender Legacy Mortgage

Housing Wire

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. Guild acquired Inlanta Mortgage , expanding its presence in the Midwest.

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Is There a Market Correction on Its Way?

McKissock

F) Rapid changes in residential mortgage interest rates. G) A common indicator of item (F) above is a decline in the number of mortgage applications. One source of information is Ann O’Rourke, who publishes mortgage application data in her weekly appraisal news email. Recently various areas across the U.S. Obvious signs.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted.

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Too many appraisers?

Appraisal Today

Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. The Inevitable Cyclicality of Mortgage Lending. Breaking Down the Multi-Decade Lows in Mortgage Applications – Lowest in 22 years.

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

Housing Wire

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

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NAR Appraisal Survey 2022

Appraisal Today

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. Lot Size: 0.06