article thumbnail

Narrow Gauge Capital acquires Inco-Check

Housing Wire

Boston, Massachusetts-based NGC, founded in 2015, is focused on making investments in health care services, financial services technology, distribution and logistics sectors. In 2018, the firm acquired Class Appraisal, a real estate asset valuation and appraisal management solutions provider. . Berkery Noyes & Co.

Logistics 296
article thumbnail

RESPA enforcement is back — are you ready?

Housing Wire

“The line of what is legal and illegal depends on who is running the CFPB,” Steve Murray, partner at RealTrends Consulting , said. In 2015, the CFPB released guidance to MSAs since its investigation showed that lenders, appraisal management and title insurance companies used it to disguise kickbacks and referral fees.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The hybrid appraisal is here. Who benefits?

Housing Wire

The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. A certification lightens the legal liability of bias. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 401
article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. The concept of an “as is” value is not included in the Standards of Valuation Practice of the Appraisal Institute, Uniform Standards of Professional Appraisal Practice, or International Valuation Standards.

article thumbnail

Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. The concept of an “as is” value is not included in the Standards of Valuation Practice of the Appraisal Institute, Uniform Standards of Professional Appraisal Practice, or International Valuation Standards.

article thumbnail

Non-Arms Length Sales for Appraisers

Appraisal Today

This practice may shed light on why the correlation between home values and neighborhood racial composition strengthened again from 1980-2015, while the connection between home values and traditional factors like housing characteristics, construction quality, neighborhood amenities, and socioeconomic status weakened.

article thumbnail

The fate of HUD

Housing Wire

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said. ” Building blocks, stumbling blocks.

Insurance 332