Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.

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Appraisal Buzz

JANUARY 24, 2022

Learn about all of the new features in RemoteVal – a free inspection app for appraisers! RemoteVal has added a Dynamic Floor Plan Creator, in addition to allowing the appraiser to visually inspect the property in real-time on the date of inspection. Technology is like water; it seeks its own level.

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Appraisal Buzz

APRIL 20, 2022

has launched its new nationwide desktop appraisal data collection service to fully enable the new property valuation method called desktop appraisal endorsed and approved by Fannie Mae and Freddie Mac that started on March 19, 2022. Asteroom Inc.

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Housing Wire

DECEMBER 8, 2022

“They give you the ability to scale the amount of appraisals you can do with the current appraiser population that you have, and that’s an important part of all the modernization initiatives that have been going on,” said Scot Rose, chief innovation officer at Class Valuation. Secondly, make sure you have the right technology in place.

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Housing Wire

FEBRUARY 21, 2023

It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Technology makes this possible as it builds new efficiencies. Their preference for an efficient, technology-driven process comes through loud and clear.

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Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers Can Complete Virtual Inspections Independently, Be Their Own Bosses, and Prepare for a Digital Future. Once they have signed up, they will be able to create job orders, complete virtual inspections, and set their desired fees. Appraisers pay a nominal fixed cost per inspection, which they build into their client fees.

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Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture.

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Appraisal Buzz

APRIL 19, 2022

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. Appraisal management companies leverage Asteroom’s photography technology and in-person coverage to manage the data collection process in just 24 to 48 hours. About Asteroom Inc.:

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Housing Wire

JANUARY 3, 2022

According to Clear Capital, the tool uses computer vision technology to highlight the right files automatically so underwriters can make more efficient and informed decisions. At the moment, the technology is being piloted internally. According to a recently published study by the U.S. Presented by: Accurate Group.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Housing Wire

SEPTEMBER 9, 2021

Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers. Technology that had long been available, but never saw the level of adoption the industry would have hoped for, was now in high demand. Technology as the new table stakes.

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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.

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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

MAY 10, 2023

This expansion of our partnership with the ValueLink team will make it easier for lenders to adopt new options, drive appraisal modernization across the industry and ensure a better valuation experience for consumers.” property through our field valuation services and analytics tools and improve their workflows with our platform technologies.

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Clear Capital

MARCH 1, 2022

March 1, 2022 —. Clear Capital , a national real estate valuation technology company, today announced the expansion of its Clear Capital Partner Network , which aims to collaborate with innovative companies to help lenders accelerate the adoption of modern appraisals and other technology advancements. Innovation for All.

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Housing Wire

AUGUST 11, 2023

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. The second part of the strategy is to offer a wider variety of valuation options.” Another difficulty with appraisals historically has been appraiser capacity. “The

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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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Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. While all data collectors are held to similar minimum requirements, some may be equipped with enhanced technology to capture data. What is property data collection? A trained and vetted third party can perform the data collection.

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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? Won’t these types of valuations be risky for the lender? Does USPAP require me to complete an inspection? Are there any state restrictions?

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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 Clear Capital.

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Clear Capital

FEBRUARY 2, 2022

Modern valuation products like 1004 Desktop appraisals enable an appraisal process that is cost- and time-efficient without sacrificing quality or thoroughness. For years, Clear Capital has designed, developed, and tested technology and processes we envisioned would one day become the accepted — even preferred — way to value real estate.

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Housing Wire

AUGUST 21, 2023

based firms on percentage revenue growth from 2019 to 2022. The minimum revenues required are $100,000 for 2019 and $2 million for 2022. million in a Series A funding round in 2022. Interestingly, none of the top three companies on the 2023 list made the cut in 2022. The self-reported list ranks U.S. They must be U.S.-based,

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McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Housing market trends for 2022. Opportunities for appraisers in 2022.

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Clear Capital

MARCH 4, 2022

In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. A desktop appraisal , also known as an appraisal without an onsite inspection, is a faster way to complete an appraisal for a home loan. or its subsidiaries.

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Appraisal Today

OCTOBER 20, 2023

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. In June of 2022, one year after completing the original appraisal report, I received an email from the AMC stating the lender had received a repurchase demand from Fannie Mae. This approximately 900sf, 1.5 acres of wooded land.

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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. Freddie Mac’s ACE+ PDR: How to originate refinance loans without an appraisal.

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Clear Capital

MAY 25, 2022

March 19th, 2022 marked the official date that Fannie Mae started accepting desktop appraisals—a date that will perhaps signify a monumental shift in the appraisal industry as we look back at the industry one day. The CubiCasa technology will also provide measurements per ANSI standards,” reports Chen. Story by Isaac Peck.

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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. But I think that it’s going to help solve a lot of problems both now and in future as we move toward more modern valuation methods.

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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. Additionally, as directed by the Biden administration, the U.S.

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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. Non-traditional appraisals to the rescue.

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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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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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Clear Capital

JANUARY 5, 2023

The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. New technology has emerged to help appraisers digitize the collection of data and respond to a changing regulatory environment. Regulatory scrutiny. She is not alone in addressing bias in appraisals and housing.

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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. Limited competition.

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