Appraisal Buzz

NOVEMBER 3, 2021

Joan Trice, Founder and President of the CRN states, “gross living area (GLA) is one of the most important inputs in a valuation report. The CRN Standards Committee, chaired by Elizabeth Green, Chief Product Solutions and Data Officer for LoanLogics, is working to provide a resource to the residential mortgage lending industry.

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Valuation Development Technology Appraisal 370

Housing Wire

OCTOBER 13, 2020

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020. In a presentation to investors, the Jamie Dimon-led bank said it had originated $29 billion in residential mortgages in the third quarter, up 20% from the second quarter. billion in Q3 2019). 30 had a total of $28.5 billion on June 30.

Business 390

Business Mortgage Retail Investors 390

Housing Wire

JULY 29, 2021

Economists and investors are closely monitoring any indication from the Federal Reserve that it may begin tapering of mortgage backed securities and bond purchases. How fine-tuning MSR valuations can help lenders improve decision-making. Since March 2020, the Fed’s asset purchases have been split between $80 billion of U.S.

Mortgage 413

Mortgage Valuation Investors Housing Market 413

Housing Wire

NOVEMBER 3, 2020

As the premier provider of software, data and analytics solutions to the mortgage and capital markets industries, Black Knight further strengthened its position as a market leader with the acquisition of Optimal Blue in September 2020. Support strategic decisions with risk management and MSR valuation solutions.

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Valuation Tools Clients Mortgage 353

Housing Wire

JANUARY 28, 2021

Separate to the Homepoint IPO, Home Point Capital raised $500 million in a debt offering earlier this month, returning half of the proceeds to original investors and shareholders affiliated with its private equity backers. Tune in February 2nd to experience demos from the most innovative loan origination and valuation tech companies.

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Retail Lending Valuation Mortgage 531

Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency.

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Insurance Lending Real Estate Agent Valuation 362

Housing Wire

SEPTEMBER 11, 2020

Schreiner Gates, a technology veteran with more than three decades of experience, joined SimpleNexus’ board of directors in April 2020. Elsewhere in mortgage comings and goings, Chris Boyle has been named president of home lending at Roostify , bringing extensive experience in the mortgage lending ecosystem to the position.

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Lending Valuation Technology Clients 257

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. billion valuation. 1, 2020, according to data from Recursion Companies. Blackstone will own 70% of the company, which is expected to go public in the first half of 2021. It has sent $16.2

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Finance Lending Retail Investing 471

Housing Wire

JUNE 16, 2022

The company pays as much as 90% of a home’s expected value for the HomeLight Trade-In product, launched in 2020. The total funding, since the startup’s launch in 2012, is about $645 million and its valuation is at roughly $1.7 Later that year, the firm acquired digital mortgage lending startup Eave to get into mortgage lending.

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Brokerage Real Estate Lending Clients 300

Housing Wire

FEBRUARY 8, 2024

Before that, he spent nearly a year as EVP of direct lending at Go Mortgage and served for eight years as president of consumer direct at Lending.com , a Finance of America company. “We Over time, it got involved in other asset classes, such as single-family rental properties and commercial real estate lending.

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Business Investing Real Estate Advertising 308

Housing Wire

DECEMBER 2, 2020

The lender and servicer has earned $345 million in the first three quarters of 2020, up 466% from $61 million during the same period last year. billion of it coming through its forward-lending arm. ” WFG reports its highest volume months ever during Q2 and Q3 of 2020. . billion valuation. The company funded $9.17

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Finance Lending Retail Business 215

Housing Wire

APRIL 2, 2021

Like virtually all mortgage lenders, FOA posted record profits and originations in 2020. billion in 2020 from $19.16 The valuation at the time of the IPO is expected to be $1.9 To coincide with the IPO, institutional investors have pledged to make a private investment of $250 million in the company. billion in 2019.

Finance 256

Finance Renovations Investors Retail 256

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. But Mayopoulos has also stated that virtually “every aspect of mortgage lending can be improved through digitization.”. million and $96.0 million and $74.6

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Technology Mortgage Valuation Insurance 369

Housing Wire

MAY 25, 2021

Freddie Mac also found a 50% increase in appraisals completed in 2020 compared to 2012, but no more appraisers on hand to complete those appraisals than there were in 2020. In 2020, the use of “blind” appraisal waivers reached staggering, record highs. Poor data visibility. And appraisal waivers would be informed, not blind.

Appraisal 313

Appraisal Valuation Real Estate Modernization 313

Simonson Real Estate

JANUARY 23, 2020

I attended the 2020 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 17, 2020. Topics centered on valuation trends for the retail, industrial, office and multi-family property sectors. This has changed from even 10 years ago.

Real Estate 78

Real Estate Tenants Retail Valuation 78

Housing Wire

OCTOBER 13, 2020

from Q2 2020). billion valuation in the fourth quarter. “It’s not about answering to investors. Investors bought in at 6%, they bought into the culture, the team and the vision of my team – me and my leadership team, not what they think a future could look like. originated $54.2

Mortgage 488

Mortgage Investors Valuation Finance 488

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. We have fared much better on the automation side.

Technology 440

Technology Mortgage Investors Investing 440

Housing Wire

JULY 12, 2022

. “As we know, the Federal Reserve has indicated they’re going to continue to raise rates, so we can lock in the loan with today’s rate for up to 90 days,” said Scott Bridges, senior managing director of direct consumer lending. The product does not require a property address to guarantee a mortgage rate.

Mortgage 360

Mortgage Contracts Valuation Marketing 360

Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. One of the best tools that mandatory investors have at their disposal is access to precise, accurate and timely data.”. The tech solution giving community lenders an advantage.

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Mortgage Investors Technology Real Estate Agent 294

Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. Meanwhile, in 2020, LO turnover was the lowest in the survey’s history, at 21%, the MBA found. Bank Home Mortgage , said at the MBA Annual convention.

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Marketing Law Government Mortgage 414

Housing Wire

AUGUST 12, 2020

Blend announced Wednesday it has raised a $75 million Series F round at a valuation of nearly $1.7 The company also was attracted to having a strategic investor such as Canapi, a $545 million fund which was co-founded by Gene Ludwig (founder of Promontory Financial Group ) and Chip Mahan ( Live Oak Bancshares CEO).

Investing 485

Investing Loan Officers Technology Development 485

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. Blend has attracted a bevy of investors who were impressed by its market position. million in the first quarter of 2022.

Mortgage 330

Mortgage Technology Loan Officers Investing 330

Housing Wire

MARCH 15, 2022

Investors will need to quantify and charge for the risk that they will be held accountable for [with respect to] the acts of third-party servicers …,” he said. “It Supreme Court’s ruling in 2020. There could be allegations of predatory lending, for example. “. The appeal, if accepted, will be reviewed by the U.S. Moody’s Take.

Legal 364

Legal Law Investors Finance 364

Simonson Real Estate

APRIL 26, 2021

Over the past few years, Simonson Appraisals has provided valuations for many dollar store properties across Minnesota and North Dakota — primarily Dollar General. Dollar Stores, including Dollar General leased properties fit this investor profile and led to greater demand for it specifically. Net Lease Markets. billion from $27.75

Marketing 78

Marketing Tenants Real Estate Valuation 78

Housing Wire

JANUARY 30, 2024

As of January 2024, total agency MSRs held by nonbanks totaled $5.882 trillion — a $2.437 trillion increase, much of it acquired and retained during the boom origination years in 2020 and 2021. Mike Carnes, managing director of the MSR valuation group at Mortgage Industry Advisory Corp.

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Marketing Mortgage Sellers Buyers 325

Housing Wire

JUNE 27, 2022

“You’re going to start to see the housing market price a lot of people out, which means there’s going to be fewer loans out there to be done, which means you’re going to probably see a lot of people starting to exit,” said Coley Carden, vice president of residential lending at Winchester Co-Operative Bank.

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Housing Market Marketing Brokerage Real Estate 400

Housing Wire

DECEMBER 20, 2021

In July 2020, he lost his job as an editor at a consulting firm for spa professionals. In September 2020, he landed a job as a service advisor assistant for an auto repair shop. in April 2020, according to the U.S. billion in financial loss to lenders, investors, and governments during the Great Recession.

Mortgage 317

Mortgage Government Contracts Insurance 317

Appraisal Today

AUGUST 5, 2022

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. Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. VA Approves Desktops and Exterior-Only Appraisals.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Clear Capital

NOVEMBER 30, 2021

billion in November, which is half of the valuation, of course of Smart Rent, which we’re just talking about. They are a digital lending platform. In fact, I mean, it seems like you’ve been able to inspire investors — you just closed on your series B. So we, we got a lot of great investors involved.

Landlords 69

Landlords Real Estate Tenants Investing 69