article thumbnail

FinLocker raises $17M in Series B funding round

Housing Wire

The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience. million in pre-seed funding in 2016.

Tools 381
article thumbnail

Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). ” Another trade group weighed in on the newly proposed rule.

Valuation 365
Insiders

Sign Up for our Newsletter

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

article thumbnail

Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs? SW: How hard is it to change the way valuations are done at a fundamental level? Most lenders’ loan origination systems are not designed to do that, for collateral especially. KC: Change is always hard.

article thumbnail

Mortgage rates rise from record low to 2.84%

Housing Wire

Low mortgage rates fuel the demand for valuation and settlement services. Fannie Mae’s Home Purchase Sentiment Index , a composite index designed to track the housing market and consumers’ desire to sell or buy a home, also revealed consumers and the industry alike are confident that a low rate environment will hold.

Mortgage 498
article thumbnail

Buyers and sellers agree: it’s a good time to enter the housing market

Housing Wire

For the third consecutive month, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ desire to sell or buy a home, gained 0.7 Low mortgage rates fuel the demand for valuation and settlement services. points in October to 81.7. points rise and September’s 3.5.

article thumbnail

Finance of America CEO Patti Cook announces retirement

Housing Wire

Cook joined FOA in March 2016 as senior managing director, became president after one year and, in October 2020, was announced as CEO. I am so proud to have played a role in building this purposefully different consumer lending platform with the broadest range of products and services designed to help a diverse consumer base,” Cook said.

Finance 306
article thumbnail

The Appraisal Institute Ignores Its Membership For Third Time In Sham Election Maneuver

Miller Samuel

Back in 2016, I unleashed a flurry of commentary criticizing the Appraisal Institute executives who had a plan to take all chapter funds for no justifiable reason. I'm not even affiliated with the Appraisal Institute, and I'm furious because it brings down the entire industry in the eyes of others.

Appraisal 300