Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. These clients are typically low on funds, which is why they need this type of financing.

Agents 437

Agents Sellers Buyers Finance 437

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

Clients 377

Clients Agents Buyers Sellers 377

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 295

Real Estate Agent Real Estate Project Management Agents 295

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

Appraisal 93

Appraisal Inspection Appraisal Process Real Estate Agent 93

Birmingham Appraisal

FEBRUARY 8, 2023

All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not.

Realtors 80

Realtors Appraisal Market Value Real Estate Agent 80

Genworth MI Blog

FEBRUARY 18, 2021

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will the appraiser look in my closets? Should I follow the appraiser and point things out? Will worn carpeting hurt my value?

Inspection 148

Inspection Appraisal Real Estate Loan Officers 148

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. They are one of the easiest adjustments to make. My market is very volatile.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Housing Wire

OCTOBER 6, 2020

Worse, because we are not yet leveraging the power of big data in our industry, for reasons we will discuss in this article, most of the technology deployed on the front end is not being well adopted and utilized and its effects on the back-office have been negligible. Lending technology out of focus. This hasn’t worked out very well.

Technology 440

Technology Mortgage Investors Investing 440

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 367

Insurance Real Estate Technology Loan Officers 367

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. THERE’S A LOT OF CARPING GOING ON.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

MAY 12, 2023

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ This isn’t a new story in mortgage lending or real estate brokerage. Reggora is focused on helping its clients reduce appraisal desk staff by 75% by eliminating manual work.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Genworth MI Blog

FEBRUARY 18, 2021

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will the appraiser look in my closets? Should I follow the appraiser and point things out? Will worn carpeting hurt my value?

Inspection 78

Inspection Appraisal Real Estate Loan Officers 78

AmeriMac

SEPTEMBER 1, 2021

An Appraisal Management Company is more than just an appraiser. They go through the administrative process of actually hiring and retaining an appraiser. The AMC will generally have “on call” appraisers that they use regularly for specific projects. AMCs as a concept were developed in the 1970s.

Appraisal 36

Appraisal Valuation Law Lending 36

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Increased redlining enforcement is one piece of HUD’s renewed focus on fair lending, and part of a multi-pronged approach to address the legacy of racist housing policy.

Insurance 332

Insurance Modernization Lending Mortgage 332

Housing Wire

OCTOBER 27, 2020

For many years, we’ve been developing and investing in technology to deliver an end-to-end digital mortgage experience. Loan officers receive title complexity decisions within seconds at the point of sale – so they can create a runway for more straightforward orders and focus resources on more complicated ones.

Clients 325

Clients Technology Insurance Loan Officers 325

Appraisal Today

MAY 10, 2024

Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). For appraisers, Section II.D.2. For appraisers, Section II.D.2.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Portland Appraisal Blog

DECEMBER 28, 2018

It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals. While most participants in the industry will concede an appraisal is still the gold standard for collateral valuation, they increasingly see the appraisal as something to be steered around or avoided altogether.

Valuation 78

Valuation Appraisal Loan Officers Real Estate 78

Housing Wire

SEPTEMBER 14, 2023

Through Aspire, Redwood plans to directly originate HEIs by leveraging the company’s nationwide correspondent network of loan officers and establishing direct-to-consumer origination channels, the company said. We saw banks getting out of risky credit mortgages like option ARMs and some subprime lending happening back then.

Investors 311

Investors Investing Mortgage Real Estate 311

Assurance Financial

JULY 23, 2021

If you meet certain requirements, you might qualify for a conventional loan with just a 3% down payment. Certain mortgage programs, particularly government-backed loan programs, let you get a home loan with much less than 20% down, too. USDA Rural Development and VA loans accept 0% down.

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers.

Sellers 69

Sellers Agents Real Estate Buyers 69

PennyMac

AUGUST 10, 2022

Here’s how to know if an FHA loan is the right fit for you and your unique homeownership goals. What is an FHA Loan? Department of Housing and Urban Development (HUD). An FHA loan sounds like a loan that comes from the FHA, right? This is not true — the FHA does not issue loans directly to homebuyers.

Insurance 36

Insurance Buyers Mortgage Renovations 36

Assurance Financial

JULY 27, 2021

Your FHA loan will be used for your primary residence. Your property is appraised and meets property guidelines. VA loans are available to people who are veterans or who are currently serving in the armed forces. If you’re likely to buy in a rural area, we can help you with a USDA loan. It is sponsored by the U.S.

Mortgage 69

Mortgage Government Construction Insurance 69