Appraisal Buzz

DECEMBER 27, 2021

Experts expect home price growth to moderate in 2022, but the lessons learned over the past two years are sure to change the industry in the long term. This change will be effective starting in 2022 and should reduce inefficiencies in the mortgage and homebuying process. Here are a few trends that are here to stay. More Remote Contact.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 416

Mortgage Loan Officers Lending Human Resources 416

Appraisal Buzz

AUGUST 15, 2022

Make sure you look at our schedule for Valuation Expo – there are plenty of new sessions, speakers, and sponsors this year! Have you found the discount for your Valuation Expo Pass in the magazine yet? Valuation Expo will be held at the Mirage Hotel September 7-9! The post The Fall 2022 Appraisal Buzz Magazine is Here!

Appraisal 195

Appraisal Valuation Market Value Business 195

Appraisal Buzz

SEPTEMBER 19, 2022

Valuation Expo 2022 at the Mirage Hotel in Las Vegas was a record-breaking success! With our highest numbers recorded for attendance in the last 10 years, Valuation Expo provided everyone with the connections they wanted and need to build their business. Class Valuation and Clear Capital were our platinum sponsors.

Valuation 39

Valuation Appraisal Housing Market Business 39

Housing Wire

JUNE 21, 2023

Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry. At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). The CFPB released a final SBREFA report on May 13, 2022.

Valuation 319

Valuation Finance Legal Development 319

Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We looked at this as not just an adjustment to the current market climate, but also looking at the current shift that’s happening in the valuation industry.

Valuation 392

Valuation Technology Modernization Appraisal 392

Housing Wire

APRIL 18, 2023

Pampulov will be responsible for the development of PunchListUSA’s proprietary products, data infrastructure, home lifecycle services, and predictive pricing models, according to the firm. “I Pampulov comes to PunchList USA with two decades of experience in real estate data strategy and product development.

Inspection 343

Inspection Real Estate Real Estate Agent Renovations 343

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

Appraisal 362

Appraisal Reconsideration of Value Valuation Training 362

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

Valuation 91

Valuation Property Appraisal Training Appraisal 91

Housing Wire

FEBRUARY 6, 2023

He became an interim principal financial officer in July 2022 following the death of Timothy Forrester. UWM went public in January 2022 after merging with a special purpose acquisition company (SPAC) named Gores Holdings IV. The deal gave the combined company a valuation of $16.1 million in the third quarter of 2022.

Finance 370

Finance Valuation Construction Mortgage 370

Housing Wire

OCTOBER 11, 2023

.” loanDepot hired Martell in April 2022 , three months after he retired from CoreLogic. He announced the Vision 2025 plan in July 2022, which included simplifying the organizational structure, focusing on client service, quality, automation and operating leverage. loanDepot has been able to narrow its losses. on Wednesday.

Investing 407

Investing Valuation Marketing Mortgage 407

Housing Wire

SEPTEMBER 28, 2023

Since ICE announced plans to acquire Black Knight in May 2022, the firm went through a bumpy 16-month-period facing antitrust concerns from the Federal Trade Commission (FTC), lawmakers and trade groups. ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions.

Technology 383

Technology Valuation Mortgage Development 383

Appraisal Buzz

JULY 20, 2022

Indianapolis, Indiana, July 20, 2022 (AppraisalBuzz.com; Newswire.com) – SettlementOne Valuation, a leading provider of credit, data, and appraisal management services to the U.S. Michelle’s experience, talent, and understanding of valuation management is known throughout the industry. About SettlementOne Valuation .

Valuation 195

Valuation Clients Appraisal Mortgage Appraisal 195

Housing Wire

MAY 24, 2022

In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture. Meanwhile, the Department of Housing and Urban Development (HUD) recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic. The policy now expires on December 31, 2022.

Modernization 481

Modernization Appraisal Lending Investing 481

Housing Wire

APRIL 30, 2022

In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. As CEO, Duane’s people-centric focus and passion for the mortgage industry has built Clear Capital into a leader of valuations and real estate analytics providing valuable services to nearly all top 100 U.S.

Appraisal 352

Appraisal Valuation Technology Real Estate 352

Housing Wire

NOVEMBER 17, 2022

The residential appraisal space has been rocked by increased federal scrutiny over the past two years, with several agencies studying whether appraisers let racial bias change their valuations. In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time. as Hispanic.

Appraisal 337

Appraisal Valuation Modernization Property Appraisal 337

Housing Wire

NOVEMBER 28, 2023

The ongoing housing market decline, which saw existing-home sales fall 36% in 2022 alone (on a seasonally adjusted annual basis) and 41% overall to September’s low, is the sharpest (though not the deepest) in the history of this industry. Retain and develop. Spend less money than you make.

Real Estate 402

Real Estate Brokerage Advertising Housing Market 402

Housing Wire

APRIL 4, 2023

In mid-2022, the ICE-Black Knight deal prompted concerns that it would raise costs for consumers and give ICE too much pricing power in the mortgage data market, which lenders rely on. In the latest development, the U.S. ICE and Black Knight also amended their deal terms to reduce the valuation of Black Knight to $11.8

Technology 363

Technology Valuation Investing Mortgage 363

Housing Wire

MAY 17, 2022

Inco-Check has not only developed proprietary technology to support its clients, it also uses these same tools to provide a highly differentiated service offering, making it a one-stop shop for software and tech-enabled services,” said Michael Detwiler, who partnered with NGC on the acquisition, in a statement.

Logistics 323

Logistics Legal Investors Technology 323

Housing Wire

FEBRUARY 18, 2022

Fannie Mae recently announced that it will begin to “include a desktop appraisal option in Desktop Underwriter beginning March 19, 2022. Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. Geography plays a large role in real estate valuation.

Appraisal Process 369

Appraisal Process Appraisal Valuation Renovations 369

Appraisal Buzz

OCTOBER 3, 2022

According to their public website, in June 2022, the supply of existing homes for sale would last 3 months. Inventory levels have an impact on property valuation, at least in the short term. This month’s supply measurement remains 0.9 months less than what it was in 2019. USPAP Rule 1-3 (d) (v) makes this clear. Of course not.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

JUNE 24, 2022

With the firm entering the mortgage tech industry, the lender will offer some of its proprietary, in-house technology, developed under the Mid America Mortgage brand, across the industry for different lenders who want to build an end-to-end digital mortgage process. million in the first quarter of this year. .

Mortgage 323

Mortgage Retail Technology Lending 323

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Appraisal Buzz

MARCH 2, 2022

Additionally, we are developing training for our CRN members on how to build a Fair Housing Compliance Management Program. The statement condemns the thoughts, language, and tone of the email sent to Dr. Korver-Glenn by an appraiser, in the strongest possible terms.

Valuation 150

Valuation Training Real Estate Law 150

Housing Wire

NOVEMBER 11, 2021

One of the updates to the program is enhanced value determinations, which will now “use a sales comparison approach” and allow for qualified FHA roster appraisers to perform valuations, the FHA said. The changes can be implemented immediately but must be implemented for loans closed on and after May 9, 2022, the FHA said.

Finance 446

Finance Valuation Insurance Lending 446

Housing Wire

JANUARY 3, 2022

Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. Presented by: Accurate Group. At the moment, the technology is being piloted internally.

Tools 404

Tools Appraisal Appraisal Process Real Estate 404

Housing Wire

JUNE 8, 2022

The 2022 to 2024 plans will be updated annually, FHFA said in a statement, and will pay special attention to barriers to homeownership in Black and Latino communities. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”.

Development 333

Development Finance Government Lending 333

Housing Wire

MAY 23, 2023

According to many reports, it’s been an issue for a long time, but has only recently come into the spotlight with a high profile case in 2022 and increased discussions around fair and equal housing. These additional valuation options will lessen the opportunity for appraisal bias.” You can’t ignore it. Johnson said.

Technology 357

Technology Appraisal Lending Valuation 357

Housing Wire

JANUARY 9, 2024

There are new skills that developed last year that are specific to 2023’s market climate. I remember a well-known founder of a top lender saying to me in 2022, “I’m like a kid who made a sandcastle on a beach, and the tide just came in and washed it away. I can sit here and cry about it or I can go make another one.” Perhaps I am.

Real Estate 375

Real Estate Valuation Business Marketing 375

Housing Wire

DECEMBER 23, 2022

The OIG found that the FHFA in 2022 made 17 referrals and provided 25.6 Department of Housing and Urban Development (HUD), but did not take further action. It should also alert regulators and licensing authorities when it files complaints against appraisals, the OIG said. million active appraisal records to the U.S.

Appraisal 367

Appraisal Lending Law Finance 367

Housing Wire

MARCH 3, 2021

The case studies were developed using data collected by the Appraisal Foundation of all the USPAP-related questions received. 31, 2022. . The most common questions and issues were then chosen as topics for the test. “We believe all of these are all critical issues and deserve thoughtful consideration before we issue guidance.”

Appraisal 365

Appraisal Law Valuation Inspection 365

Housing Wire

APRIL 1, 2024

However, during the company’s valuation process, when financial professionals reviewed its books, discoveries of aviation purchases led him to confront Kortas, resulting in his termination as president of NEXA, Grella added. As a result, Grella started conversations related to a buyout in November, he told HousingWire.

Brokerage 362

Brokerage Business Loan Officers Legal 362

Housing Wire

MAY 31, 2022

“The 18-month post-COVID period presented an excellent window for any real estate transaction volume-dependent business to entertain attractive initial valuations,” McJoynt said. But those valuations have fallen. Compass, for instance, premiered on the New York Stock Exchange trading at $19 a share with an $8 billion valuation.

Real Estate 371

Real Estate Brokerage Realty Valuation 371

Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property.

Appraisal 435

Appraisal Inspection Development Technology 435

Housing Wire

MAY 23, 2022

In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture. Meanwhile, the Department of Housing and Urban Development (HUD)recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic. The policy now expires on December 31, 2022.

Law 395

Law Appraisal Modernization Appraisal Process 395

Housing Wire

SEPTEMBER 13, 2023

The trade group received a $500,000 “Pathway to Success” grant from the Appraisal Foundation to assist with the development of the “Practical Applications of Real Estate Appraisal” program. Chief Financial Officer Beata Swacha served as acting CEO from December 2022 until Chance took over this week.

Appraisal 339

Appraisal Design Modernization Real Estate 339

Housing Wire

AUGUST 23, 2022

HousingWire: Desktop appraisals became a permanent option for certain loans in March 2022. HW: Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) solution laid out in their March bulletin is effective as of July 17, 2022. How willing are appraisers to adopt desktop and hybrid appraisals?

Appraisal 328

Appraisal Modernization Appraisal Process Technology 328