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UWM expands DSCR offerings to real estate investors

Housing Wire

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

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Clear Capital’s AURA to automate appraisal review

Housing Wire

AURA integrates appraisal quality analytics driven by machine learning and photo AI into loan origination and order management platforms. Through the AURA API solution, technology partners can provide lenders with a consolidated version of all the necessary data to assess the risk associated with an appraisal.

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Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs?

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Homepoint offers $500 credit on appraisals for primary homes

Housing Wire

Pure wholesale lender Homepoint will provide a $500 credit on appraisal costs for borrowers buying primary homes that are designated as Fannie Mae HomePath properties, the company announced on Monday. . HomePath allows homebuyers to make offers and purchase homes before the properties are available to investors. .

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Role Play: Appraisers and their Intended Uses

Appraisal Buzz

Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. In truth, human appraisers fill two vitally important roles today, (1) we collect information and (2) we analyze it so it can be presented to our clients. Today, that has changed and it won’t change back.

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Fannie Mae Selling Pools of Deeply Delinquent Loans

Appraisal Buzz

CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned businesses (MWOBs), and smaller investors. The post Fannie Mae Selling Pools of Deeply Delinquent Loans appeared first on Appraisal Buzz.

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The Role of Appraisal Review in the Risk System – Appraisal Revisions

Appraisal Buzz

This is part three of a three part series on appraisal review – Read parts one and two. When interacting with executive managers, I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” The Recent History of Appraisal Revisions. Complexity in Process and Properties.

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