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How AI is changing the valuations process

Housing Wire

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. HousingWire: How is the market for appraisals changing in 2024?

Valuation 365
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Nationwide Appraisal Network’s valuation solutions allow lenders to select appraisers based on performance

Housing Wire

With an increased demand for appraisals across the country, the need for efficiency during the appraisal process is greater than ever. Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states.

Valuation 196
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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

First, he has his clients lender call the listing agent. This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. That never happens when a VA loan is involved.

Clients 387
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Reevaluating your origination tools? Here’s where to start

Housing Wire

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 395
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How to reduce appraisal turn times and improve the borrower experience

Housing Wire

This is a critical advancement in the industry as we’ve seen appraisal timelines continually increase. And third, the foundation of the property valuation methodology must be accurate. From there, the assessor can incorporate into its assessment methodology additional valuation data.

Appraisal 392
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Navigating capacity concerns amidst record-high volumes

Housing Wire

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. We have the ability to shapeshift and reallocate our resources very quickly from one part of the mortgage process to another,” said Rawls.

Clients 366
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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened. A mutually respectful partnership ensures that each of their clients receives informed advice, leading to confident decisions.

Agents 83