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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

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Best practices to speed up the appraisal process

Housing Wire

One reason appraisals are taking less time is the adoption of different appraisal models. For instance, desktop appraisals became a permanent option for certain loans in March 2022, and along with hybrid appraisals, they’re reducing cycle times significantly. “We Can appraisals keep pace?

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What role does appraisal tech have in creating customers for life?

Housing Wire

According to Reggora co-founder and CEO Brian Zitin, “Lenders need to start paying attention to the appraisal process now, more than ever.”. This year’s hot housing market has created several obstacles within the appraisal process that impact both the lender and the borrower. The second challenge is the actual logistics.

Appraisal 392
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How will appraisal technology evolve in 2022?

Housing Wire

Digging into the workflow technology a bit further, it’s going to become increasingly important for appraisal management systems to have built-in flexibility for managing new types of workflows. The appraisal process, which isn’t simple to begin with, is becoming even more dynamic. The second are streamlined integrations.

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VA official talks future of partial claims and revamping its reputation

Housing Wire

The perception of VA loans as risky and logistically complicated — even if an outdated view — continues to impact the competitiveness of the borrowers it serves. John Bell, deputy director at the VA, said the agency has made strides in recent years to get loans processed and out the door in a timely manner.

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Essential Real Estate Software for Investors to Improve Operations and Sales

Listing Spark

An In-Depth Analysis Modern online platforms offer users all three of these criteria, especially if you install them as apps on your phone. If you’ve made your next business decision but can’t act on it until your realtor or property manager gets back to you, that slows down all of your operations.