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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

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 We’re having really high success using these products to expedite the purchase appraisal transactions compared to a traditional process.”. “We

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How will appraisal technology evolve in 2022?

Housing Wire

With the recent news about desktop appraisals, appraisal technology is top of mind for many. HousingWire recently spoke with Reggora co-founder and CTO Will Denslow about the role of technology in appraisal innovation. How will this affect appraisal technology moving forward?

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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 first is legacy technology.

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Appraisers raise alarm on AMC revenue-sharing models

Housing Wire

In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year. Fee pressure was followed by appraisal management company (AMC) requests for revisions (28%) and technology fees (26%), a category that was not included in 2022 survey responses.

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Essential Real Estate Software for Investors to Improve Operations and Sales

Listing Spark

Transaction Management and House-Selling Tools Similarly, if you’re familiar with real estate transactions, you don’t need a realtor with a 3% commission to handle the paperwork during the closing period—in fact, you may be surprised by how much of all that administrative work and logistics management is really done by the title company (..)