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More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

The blue bar is compensation cost since 2012. Note that the compensation cost starts at a low of 64% of total origination cost in 2012 to 69% in 2021. Interestingly, technology spend as a portion of total origination cost was about 2% in 2012, and its about 2% in 2021. It doesn’t have to be that way.

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Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President

Lamacchia Realty

Perhaps it’s the stunning beaches, swaying palm trees, Read More » The post Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President appeared first on Lamacchia Realty.

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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support. That is why we offer private and group training sessions and a library of on-demand instructional videos.

Mortgage 351
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FHA gets a budget boost to stem staff shortages. Is it enough?

Housing Wire

Of course [Fannie Mae and Freddie Mac] can provide better program guidance, of course they can provide training to the marketplace and hold the hands of lending institutions who are trying to operate their programs,” Burns said. They’ve got 25 people and we’ve got half a person.”.

Finance 347
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Savvy real estate agents look beyond ChatGPT

Housing Wire

It re-emerged in the AI scene in October 2012. It is trained on text data and learns to identify patterns from that data to generate human-like text responses. AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home.

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CLARION CALL FOR GREATER HOUSING INNOVATION

Will Springer Realtor

Causes for the underproduction – which doubled between 2012 and 2019, are multifaceted. We also need financial resources to research and develop the next great ideas, as well as technical schools to train future builders of these advances. In housing, experimentation is expensive and design failures fatal.”.

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Appraisers and Property Data Collectors

Appraisal Today

While there is some overlap, being qualified to perform an appraisal requires much more training, education, and expertise, and the job goes far beyond gathering physical data. Myth #3: PDCs are not properly trained or qualified While there isn’t a license, PDCs are still required to be trained and competent to do their job.