Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. The good times and the hard times.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

FEBRUARY 22, 2021

Combined, ProMerit and WLS will support more than 60 clients, from small lenders originating 40 loans a month for a $500,000 warehouse line, to big companies lenders receiving $15 billion warehouse lines, said Michael Franco, the CEO of SitusAMC. ” How lenders will benefit from Black Knight’s acquisition of Optimal Blue.

Technology 283

Technology Lending Clients Real Estate 283

Housing Wire

APRIL 4, 2023

When prospective clients operate in highly regulated financial markets, enterprise sales don’t come easy. That catalyst ended up being Rocket Mortgage ’s “Push button, get mortgage” campaign in 2015. In the ensuing years, Blend brought on hundreds of clients, including Wells Fargo , First Republic Bank , Mr. Cooper and U.S.

Clients 356

Clients Mortgage Business Technology 356

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 148

Appraisal Tenants Investors Business 148

Appraisal Today

APRIL 21, 2023

Increased numbers of state appraisal boards are looking at complaints against appraisers from the standpoint of the consumer, rather than that of the client and/or the intended user(s). As all appraisers are aware, the consumer has no standing with the appraiser (assuming the consumer is not the named client or intended user).

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Appraisal Today

NOVEMBER 10, 2022

Development of value and/or marketability conclusions that are not supported by available market data. The only appraisers who get sued are those performing appraisals for mortgage lending. In one case, an appraiser serving as an expert was sued by his client because the client’s win wasn’t financially rewarding enough.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 78

Appraisal Tenants Investors Business 78

Housing Wire

MAY 24, 2022

Think about your lending business model. 2015 2016 2017 2018 2019 2020 2021 Personnel 4,699 4,802 5,347 5,524 5,094 5,272 5,866 Total Cost to Produce 7,046 7,208 8,083 8,278 7,578 7,535 8,565 Compensation % 67% 67% 66% 67% 67% 70% 68%. We are not auditors or coders dispensing products or advice about lending.

Business 375

Business Technology Lending Housing Market 375

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015).

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. The goal of this article is to help lenders, banks reviewers and appraisers. Prospective Values.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

McKissock

JULY 28, 2020

Although AVMs do, and will continue to, fulfill some clients’ needs in some circumstances, there is one area in which they typically are not considered reliable. I paid just $48,500 for it in 2015, put $6,000 into remodeling and would have been happy with a sale price around $100,000. Areas where AVMs are unreliable.

Appraisal 58

Appraisal Tools Real Estate Property Appraisal 58

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped. In a significant drop in prices, in the 1990s, some appraisers who made negative adjustments lost their businesses. Sited on 8.86

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Clear Capital

NOVEMBER 30, 2021

And they describe themself as a developer of the mobile-first home ownership platform. They are a digital lending platform. So I built a company in Europe that I sold in 2015. Yeah, they just sold for $1.2 billion in November, which is half of the valuation, of course of Smart Rent, which we’re just talking about.

Landlords 69

Landlords Real Estate Tenants Investing 69

Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Some of my clients have told me that they’ll come back in and service FHA loans if there are reasonable requirements, along the lines of the GSE’s,” Chappelle added.

Insurance 345

Insurance Development Housing Market Mortgage 345