Housing Wire

OCTOBER 4, 2023

Top recommended AI application ideas included compliance, underwriting and property valuation. About 22% of surveyed lenders responded they started deploying AI or ML on a limited or trial basis, a jump from only 13% in 2018. Lending institutions included mortgage banks, depository institutions and credit unions.

Technology 343

Technology Lending Valuation Mortgage 343

Housing Wire

APRIL 1, 2024

However, during the company’s valuation process, when financial professionals reviewed its books, discoveries of aviation purchases led him to confront Kortas, resulting in his termination as president of NEXA, Grella added. billion in mortgage loans in 2023, according to Kortas. But that’s not the case for the aviation business.

Brokerage 332

Brokerage Business Loan Officers Legal 332

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.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

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

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

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!

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

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

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.

Appraisal Process 36

Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

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

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. In other cases, the loan officers didn’t trust the technology.

Technology 440

Technology Mortgage Investors Investing 440

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

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

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

AmeriMac

SEPTEMBER 1, 2021

An Appraisal Management Company is more than just an appraiser. Instead, it is an independent entity that works with lenders and others who need valuation services. They go through the administrative process of actually hiring and retaining an appraiser. AMCs as a concept were developed in the 1970s.

Appraisal 36

Appraisal Valuation Law Lending 36

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

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

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

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

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

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. And although Fudge has repeatedly vowed to bring banks back to FHA, recent policy moves could drive them away. Premium product.

Insurance 332

Insurance Modernization Lending Mortgage 332

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