Remove 2022 Remove Modernization Remove Technology Remove Training
article thumbnail

How is the industry adapting to desktop appraisals?

Housing Wire

HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization. HousingWire: Desktop appraisals became a permanent option for certain loans in March 2022. HW: How does appraisal modernization reduce appraisal costs and fees?

Appraisal 315
article thumbnail

Lower has a round of layoffs to “weather upcoming rate hikes”

Housing Wire

We’ve right-sized areas of our business impacted the most by this volatile market, such as refinance, operations, training, and recruiting,” Lindsey LeBerth, the company’s director of communications, wrote in an email to HousingWire. “In In August, Lower announced that Honor Home Loans , founded by U.S.

Retail 372
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Clear Capital and ValueLink Expand Partnership to Support Recent Appraisal Modernization Policy Changes

Clear Capital

In support of the appraisal modernization policy changes, it’s imperative that we are able to provide lenders with an efficient and seamless experience,” said Kenon Chen , EVP of Strategy and Growth at Clear Capital.

article thumbnail

HW+ Member Spotlight: Amanda Hill

Housing Wire

Amanda Hill: Lenders see appraisal modernization as a top priority by Maria Volkova. It truly is time for lenders to consider how technology can improve this part of the mortgage process and reduce turn time. They had a young executive team who valued fresh ideas and were not afraid to train inexperienced novices like me.

article thumbnail

The hybrid appraisal is here. Who benefits?

Housing Wire

When we started, the idea was to obtain exterior photos as fast as possible, at a time when Uber, Lyft and marketing technology was advancing, and anyone with a smartphone could get exterior photos,” said Tomaszewski, who worked to turn his idea into ProxyPics. The State of Appraisals in 2022. Presented by: Reggora.

Appraisal 403
article thumbnail

Zillow’s new AI feature can talk to home shoppers like it’s a friend

Housing Wire

It is also training machine learning models to get better at responding to users’ queries in “human-like sentences.” “Beyond easy-to-filter criteria like bedrooms and bathrooms, buyers are considering many other specific features that match their unique lifestyle,” Jenny Arden, Zillow’s chief design officer, said in a statement.

article thumbnail

Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines

Housing Wire

In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. Clear Capital’s desktop appraisal solutions offer an easy way to obtain property information by pairing seasoned brokers and appraisers with innovative mobile phone technology, ClearInsight and CubiCasa.

Appraisal 343