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Realtor.com reveals new tools to evaluate climate risk exposure 

Housing Wire

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. It added wildfire risk in 2022. And about 9% of homes, valued at nearly $6.6

Tools 433
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Builders rediscover a tool from the 1980s that keeps new home prices from falling

Housing Wire

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. 2022 to Dec.

Tools 414
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Blend’s new AI-powered chat tool isn’t like the others

Housing Wire

Mortgage tech firm Blend Labs has launched its first AI-powered chat tool, which it says will allow loan officers to be more efficient and offer a far more personalized touch for prospective borrowers. The company announced the tool this week but won’t be rolling it out to its clients immediately. million in Q2 2022.

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LoanLogics rolls out automated income calculation tool

Housing Wire

LoanLogics this week rolled out LoanBeam Wage, a new automated tool that enables lenders to calculate borrower’s income quickly by using paper-based paystubs and W2s. The IRS extended the deadline to conform to their new 4506-C clean form requirements to October 1, 2022.

Tools 370
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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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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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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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