Appraisal Buzz

JUNE 7, 2021

Matt Hansen, founder and CEO of SimpleNexus , a mortgage origination platform for loan officers, borrowers, real estate agents and settlement agents, is stepping down from his CEO role to lead a newly formed skunkworks unit, the company reports. Current President Cathleen Schreiner Gates will take over Hansen’s CEO role.

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Appraisal Buzz

NOVEMBER 17, 2021

Founded in 2011, SimpleNexus is a developer of mobile-first technology for loan officers, borrowers, real estate agents and settlement agents to manage the homeownership journey. The post nCino Acquires Digital Homeownership Software Company SimpleNexus appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 18, 2021

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents and settlement agents, has acquired Georgia-based software firm LBA Ware. The post SimpleNexus Adds Business Intelligence Tools with LBA Ware Acquisition appeared first on Appraisal Buzz.

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Tools Business Real Estate Agent Loan Officers 195

Appraisal Buzz

SEPTEMBER 2, 2021

SimpleNexus, developer of the platform for loan officers, borrowers, real estate agents, and settlement agents, is now a Fannie Mae- and Freddie Mac-reviewed eClosing solution provider, the company announced in a press release. The post SimpleNexus Joins GSE-Approved eMortgage Providers appeared first on Appraisal Buzz.

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Appraisal Buzz

SEPTEMBER 2, 2021

SimpleNexus , developer of the homeownership platform for loan officers, borrowers, real estate agents and settlement agents, is now a Fannie Mae- and Freddie Mac-reviewed eClosing solution provider. The post SimpleNexus Certifies as Fannie Mae, Freddie Mac eClosing Solution Provider appeared first on Appraisal Buzz.

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Real Estate Agent Loan Officers Design Real Estate 195

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. Tozer suggested “a fee of 1.3%

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Mortgage Loan Officers Government Buyers 371

Genworth MI Blog

JULY 13, 2023

Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. This is true for appraisals, too. Recent trends are surfacing, and more instances of hybrid appraisals are changing how appraisals are conducted.

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Housing Wire

APRIL 1, 2024

billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). According to Kortas, the buyout depends on NEXA’s appraisal. But that’s not the case for the aviation business. “Of course, Mr.

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Housing Wire

JULY 1, 2021

The difference in appraisals has led to a $156 billion cumulative loss in value nationwide for majority-Black neighborhoods, the study claimed. The lender’s offices were concentrated in white neighborhoods, and nearly all of its loan officers were white.

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Loan Officers Realtors Open Houses Law 477

Appraisal Today

SEPTEMBER 8, 2023

Problems When Appraising Airbnb & VRBO Properties by Richard Hagar, SRA Excerpts: Residential appraisers are being asked to appraise these properties, along with their elevated income, as “typical” residential properties. He is one of my go-to appraisers for these types of issues. He is an excellent teacher.

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Appraiserblogs

JANUARY 17, 2024

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is… The post HUD’s Use of Convicted Felons to Ramp Up ‘Discrimination Testing’ appeared on Appraisers Blogs. But What About Fiduciary Duty?

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Loan Officers Property Management Inspection Law 125

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?

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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.

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Appraisal Contracts Mortgage Marketing 68

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. Appraisers there regularly value homes with small vineyards, sometimes leased to wine makers. Isn’t that Just PAVEY!

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Appraisal Contracts Real Estate Agent Mortgage 75

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. This continues to put a great deal of pressure on appraisers who are managing large portfolios during an appraisal shortage.

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Clients Valuation Real Estate Appraisal 382

Housing Wire

NOVEMBER 7, 2023

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. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.

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Agents Sellers Buyers Finance 444

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?

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Appraisal Inspection Appraisal Process Real Estate Agent 90

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.

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Clients Agents Buyers Sellers 385

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. There are thousands of loan officers out there.

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Loan Officers Business Clients Training 329

Housing Wire

OCTOBER 4, 2023

When asked to recommend AI application ideas for the government-sponsored enterprises (GSEs) to develop for the mortgage industry, lenders pointed to appraisal automation, borrower income/employment verification , data/documentation reconciliation and standardization, and compliance management.

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Technology Lending Valuation Mortgage 360

AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

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.

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Realtors Appraisal Market Value Real Estate Agent 77

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. Harlan Accola. So if there’s a HECM for Purchase, they’re alerted immediately. One of our 10 values is speed.

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Business Real Estate Agent Real Estate Loan Officers 342

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.

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Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

APRIL 7, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. .” Real estate agents and LOs: the great collaboration.

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Housing Market Marketing Real Estate Technology 545

AmeriMac

MARCH 29, 2024

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. The loan is repaid when the homeowner sells the home, moves out, or passes away.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Realtor

FEBRUARY 13, 2023

If it looks like you might qualify for a direct loan, then the next step would be to find your local Rural Development office. Direct loans are financed through the USDA itself, so that means applicants must submit all of their paperwork directly through the appropriate Rural Development contact.

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Development Loan Officers Appraisal Finance 156

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?

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Inspection Appraisal Real Estate Loan Officers 78

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.

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Appraisal Architecture Business Contracts 52

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.

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Appraisal Appraisal Process Valuation Real Estate 36

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. It only takes a few bad appraisers doing this kind of thing to cause home prices to artificially inflate.

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Inventory Market Value Appraisal Contracts 243

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . At Simonson Appraisals, our team works tirelessly to ensure those worries are needless. This allows us to continue to deliver well-reasoned and credible appraisal reports.

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Lending Construction Tenants Real Estate 148

Housing Wire

FEBRUARY 28, 2022

title and appraisal) and other industry experts. As part of the development process, Pennymac held focus sessions with key partners and took detailed feedback from a variety of users, including loan officers, processors and broker owners.

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Technology Clients Business Investing 333

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.

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Appraisal Valuation Law Lending 36

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.’ Global DMS emphasizes that their appraisal management software product EVO prevents the need to hire additional staff while also decreasing turn times for less cost. Jobs are important.

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Real Estate Brokerage Real Estate Agent Technology 333

Housing Wire

JUNE 15, 2022

Appraisal management technology and compliance solutions provider Appraisal Logistics has named Anthony Savala as senior vice president of sales and Nicholas Turansky as national account director. Anthony Savala, SVP at Appraisal Logistics. Nicholas Turansky, national account director at Appraisal Logistics.

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Logistics Appraisal Loan Officers Technology 330