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How AI will transform the mortgage and appraisal industries

Housing Wire

Every business is on the brink of significant transformation driven by the potential of Artificial Intelligence (AI) and workflow automation, and the mortgage industry is no exception. HousingWire spoke with Gareth Borcherds , managing director at Ascent Software Group about how AI is speeding up processes in the mortgage industry.

Appraisal 406
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The Home Appraisal Process: How It Can Impact Your Mortgage Payment

Realtor

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Sorry, not yet.

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The Home Appraisal Process: How It Can Impact Your Mortgage Payment

Realtor

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Sorry, not yet.

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How PCV Murcor provides high level of customer service

Housing Wire

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. The biggest pain point we hear from our clients is turnaround time,” said Cindy Nasser, COO of PCV Murcor.

Clients 382
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Like it or not, desktop appraisals are here to stay

Housing Wire

By the end of 2020, FHFA signaled publicly it was considering hybrid appraisals on a permanent basis, following proposals from both Fannie Mae and Freddie Mac. A recent federally commissioned report further detailed the appraisal industry’s dysfunctional regulatory regime. Appraisers are also likely to balk at another pay cut.

Appraisal 369
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3 Tips to Shorten Your Home Appraisal Process and Turn Times

AmeriMac

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.

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3 Tips to Shorten Your Home Appraisal Process and Turn Times

AmeriMac

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.