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5 Remote Inspection Tools for Desktop Appraisals

Appraisal Buzz

As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Below are five remote inspection tools worth. The post 5 Remote Inspection Tools for Desktop Appraisals appeared first on Appraisal Buzz.

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Is A Cubicasa Scan an Inspection?

Cleveland Appraisal Blog

In this article, I thought I would share my thoughts on this and whether scanning a property with Cubicasa is considered to be an appraisal inspection. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. The attorney questioned my use of the word inspection. ”). .”

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Black Knight rolls out tool to minimize fee cure expenses

Housing Wire

Black Knight this week launched a tool that enables lenders to compare loan estimates and closing disclosures from closed loans to minimize expenses in a higher rate environment. trillion in origination volume in 2022, a 40% decline from the previous year’s $4 trillion. The Mortgage Bankers Association (MBA) projects about $2.4

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5 Remote Inspection Tools for Desktop Appraisals

McKissock

As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Below are five remote inspection tools worth looking into. Another virtual inspection tool is HomeView by ValueLink, launched in July 2020.

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Clear Capital launches appraisal tool to speed photo review

Housing Wire

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. It will be widely available to users sometime during the first quarter of 2022 through ClearCollateral Review. Presented by: Accurate Group.

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Lenders see appraisal modernization as a top priority

Housing Wire

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. Lenders also mentioned concerns and roadblocks with adopting new appraisal modernization tools.

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Clear Capital launches UDC to support appraisal modernization

Housing Wire

The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement. Clear Capital – the 2022 HousingWire Tech100 mortgage company , founded in 2019, has completed more than 250,000 data collections for agency loans, which utilize appraisal modernization programs.