Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. Today’s Selling Guide update for 1004 Desktop appraisals signal the industry-wide adoption of modern appraisal methodologies.

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Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. There is a long history of technology advances adopted into the appraisal processes.

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Clear Capital

MARCH 1, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. March 1, 2022 —. In collaboration with its partners, Clear Capital seeks to reduce friction of transformation and enable the vendor ecosystem with unique technology, data and analytics solutions.

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them?

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. However, is appraisal modernization on its own enough?

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Listing Spark

APRIL 17, 2024

However, introducing new technology to your workflow isn’t cutting corners or adding middlemen into the process. Consider the following three ways that modern house-flipping software can help both beginner and experienced flippers. Start by looking for these eight types of modern house-flipping software.

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McKissock

MARCH 8, 2022

In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. Does USPAP require me to complete an inspection? An appraiser may be able to conduct a virtual inspection remotely; however, this would still be considered a desktop appraisal. Sign up here.

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Clear Capital

DECEMBER 15, 2021

New technology furthers Clear Capital’s efforts to modernize the appraisal process. The technology was developed by Clear Capital’s data science team to further streamline the appraisal process and equip lenders with technology that powers low-risk, high-quality decisions.

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Clear Capital

JUNE 14, 2022

Houston — June 14, 2022 —. ValueLink Software , the industry-leading provider of valuation management technology, today announced that it offers mortgage lenders automated ordering of Clear Capital ‘s Collateral Desktop Analysis (CDA®) through their appraisal management platform. ” About ValueLink Software.

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Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. While the industry as a whole has been adopting new technology , the appraisal process has remained relatively unchanged — right down to the forms used to complete them. If we can check those boxes, we succeed. “All

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Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. of home sales in the fourth quarter, the highest share of any three-month period in Redfin’s records, according to a report from the technology-powered real estate brokerage. Chance to really irritate annoying real estate salespeople.

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Clear Capital

AUGUST 31, 2022

RENO, NV / ACCESSWIRE / August 31, 2022 / Clear Capital ® , a national real estate valuation technology company, has announced the launch of ClearInsight+ , a technology-enabled set of valuation products to support Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report), a new offering for certain loan types.

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Clear Capital

OCTOBER 27, 2022

In July 2022, Freddie Mac launched its ACE+ PDR solution. This inspection-based appraisal waiver program allows lenders to originate certain Freddie Mac-eligible cash-out and rate and term refinance mortgage loans without an appraisal. ACE+ PDR is another step forward in appraisal modernization.

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Appraisal Buzz

MARCH 28, 2022

The FNMA requirement will take effect April 1, 2022. Technology usage will vary by practitioners and by circumstance. These technology tools may include: Tape measures or other standardized physical measuring devices. Appraiser Responsibility.

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Housing Wire

NOVEMBER 30, 2021

These and other steps are sorely needed to bring the appraisal process in line with advances to digitize mortgages, utilizing technology to combat inconsistencies that continue to beleaguer the profession, and reduce closing slowdowns often caused by appraisal capacity issues. The modern appraisal movement is accelerating.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. Copyright © 2022 Clear Capital. What is a desktop appraisal? or its subsidiaries.

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Housing Wire

AUGUST 29, 2022

Nationwide Appraisal Network (NAN) was the top-ranking appraisal management company on the 2022 Inc 5000 list at No. And then we just embrace technology. SW: We hear a lot these days about appraisal modernization. What does appraisal modernization mean to you? We take a data-driven approach to appraiser selection.

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Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. By McKissock November 15, 2022. By Jim Morrison November 14, 2022. By Ryan Lundquist November 16, 2022. What’s happening now.

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Will Springer Realtor

MAY 13, 2024

Data experts mapped out this cohort’s gradual decline – from about 32M in 2022 to 23M in 2035, or approximately 9.2M were flipped last year, down 29% from 2022 and the largest annual drop since 2008. That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >>

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Housing Wire

JUNE 14, 2022

Desktop appraisals and hybrid appraisals, where an independent third-party inspects the property, both “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower,” wrote Fannie Mae. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

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Will Springer Realtor

MAY 9, 2022

A growing diversified base of technology companies continue to proclaim the Eastside market as one of the best living and job opportunities in the country,” noted local commercial property firm Broderick Group in a report issued last month. And just to the East in the Spring District, Meta has committed to a total of 1.8 million sq.

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Will Springer Realtor

JUNE 11, 2024

Seattle, including King County’s Eastside, is a haven for some of the world’s biggest technology companies which have significantly altered our real estate landscape for more than a decade. Since 2022, the NW MLS has published buyer broker compensation on its listings. YoY while annual incomes rose 2.0% more last year. after a 2.5%

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Will Springer Realtor

SEPTEMBER 8, 2021

and another 10% boost in 2022. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. Update: The home is now Pending Inspection…sorry!]. It is developing several single-family and multifamily communities in King and Snohomish counties.

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Housing Wire

DECEMBER 20, 2022

With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals, and in some circumstances, waiving appraisals altogether. Department of Veterans Affairs (VA) mortgage loans. It is expected to be signed by President Joe Biden.

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Housing Wire

FEBRUARY 14, 2022

The conservator of Fannie Mae and Freddie Mac on Wednesday laid out three broad strategic goals for 2022 to 2026: safety and soundness, equitable access to affordable and sustainable housing, and responsibly managing FHFA’s infrastructure. But the equitable housing finance plans have also yet to materialize.

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Clear Capital

JANUARY 5, 2023

” To arrive at a home’s value, a qualified appraiser traditionally performs an in-person inspection to assess things like amenities and conditions, then uses this information along with an analysis of comparable nearby home sales. Technological advances. Regulatory scrutiny. In 2021, 97.7%

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Appraisal Today

MAY 5, 2023

My sense so far is that there will be some additional time necessary (beyond the expected additional time necessary to become proficient with the new format and associated technology). Many appraisers have expressed that they will never sign a report they didn’t personally inspect. A good analysis in one location.

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