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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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Clear Capital Further Modernizes the Appraisal Process with ClearPhoto

Appraisal Buzz

Clear Capital , a national real estate valuation technology company, has announced ClearPhoto, a set of AI-driven rules built into the company’s ClearCollateral Review solution. This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch. At a time when the.

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Restb.ai and Bradford Technologies announce appraisal partnership

Housing Wire

and Bradford Technologies announced their partnership at the Valuation Expo in Las Vegas on Monday. As part of the partnership, Restb.ai’s AI technology will be integrated into Bradford Technologies’ report quality control processes. Computer vision and AI solutions provider Restb.ai

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Lenders see appraisal modernization as a top priority

Housing Wire

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. One mid-sized lender echoed the opinion of others that appraisals still take too long.

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Clear Capital launches UDC to support appraisal modernization

Housing Wire

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.

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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. Can appraisals keep pace?

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What is in the way of modernizing title and appraisal?

Housing Wire

In light of this, HousingWire CEO Clayton Collins recently sat down with Paul Doman, CEO at Accurate Group, to discuss mortgage lender profitability, as well as the modernization of title and appraisal processes and where there is opportunity for automation. . The post What is in the way of modernizing title and appraisal?