Housing Wire

JUNE 10, 2022

Touchless Lending. Touchless Lending is an AI-Powered Lending-as-a-service platform that provides end-to-end mortgage manufacturing. Touchless Lending integrates effortlessly with your existing systems, including the LOS, and automates loan production. Product Fast Facts. #1. Get More Info.

Loan Officers 365

Loan Officers Lending Retail Appraisal 365

Appraisal Buzz

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. The post Agents, Don’t Skip the Appraisal appeared first on Appraisal Buzz. In some ways, I can understand their … Read More.

Agents 195

Agents Appraisal Real Estate Agent Loan Officers 195

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

Lending 340

Lending Technology Investing Loan Officers 340

Housing Wire

APRIL 9, 2024

For example, since home appraisals consider trends in past property values, BIPOC neighborhoods may be considered “risky” due to historic segregation and the cumulative effects of chronic underinvestment. Adapting to meet the needs of an evolving homebuyer pool is vital to success in mortgage lending.

Modernization 356

Modernization Lending Legal Legal Fees 356

Housing Wire

MAY 2, 2021

There’s no denying the complexity of the appraisal process. With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience.

Appraisal 211

Appraisal Appraisal Process Valuation Loan Officers 211

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.

Lending 148

Lending Construction Tenants Real Estate 148

Appraisal Buzz

MAY 13, 2021

The data startup powers informed lender decisions on loan officer recruiting, realtor partnerships, and fair lending compliance. The post Mortgage Data Company 6 Solutions Adds CEO Jeff Walton appeared first on Appraisal Buzz.

Loan Officers 195

Loan Officers Mortgage Realtors Lending 195

Appraisal Buzz

JANUARY 18, 2022

She joined Cherry Creek Mortgage in 2004 as a loan officer assistant. In her new role, McCrary will oversee quality control risks, consumer complaints and fair lending. The post Cherry Creek Mortgage Promotes Nicole McCrary to VP of Compliance appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Loan Officers Lending Appraisal 195

Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

Appraisal Process 88

Appraisal Process Reconsideration of Value Bracketing Final Inspection 88

JMV Lending

OCTOBER 13, 2021

“Hey Rich, I need a $500,000 appraisal to make this refi work; there’s an extra $300 for you if you can push the value to $500,000…” That was the entire schtick of a loan officer I knew back in the day (prior to the 2008 meltdown). He was friends with an appraiser who would push […].

Appraisal 78

Appraisal Loan Officers Lending 78

Riverfront Appraisals

JUNE 13, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others?

Reconsideration of Value 80

Reconsideration of Value Final Inspection Bracketing Appraisal 80

Riverfront Appraisals

MARCH 5, 2021

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […]. In case you missed part one on the Final Inspection process, go back and read it here.

Appraisal 78

Appraisal Final Inspection Loan Officers Inspection 78

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%

Mortgage 381

Mortgage Loan Officers Government Buyers 381

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. A total of 242 senior executives from 219 lending institutions completed the survey between Aug.

Technology 384

Technology Lending Valuation Mortgage 384

Housing Wire

AUGUST 14, 2020

For the past two weeks, HousingWire took a deep dive into the effects an accelerated market can have on appraisal turn times and the delta between appraisal ratings and market forecasts. Appraisals are of course going to be delayed, and then that can delay title orders, obviously. I’ll be brutally honest.

Real Estate 485

Real Estate Clients Loan Officers Lending 485

Housing Wire

SEPTEMBER 1, 2020

Documents need to be collected, credit scores need to be checked, appraisers need to be arranged. There’s a lot of mortgages to be processed.

Loan Officers 401

Loan Officers Retail Lending Contracts 401

Riverfront Appraisals

MARCH 9, 2023

Recently, I had this question come up from a loan officer. We had just appraised a home they were lending on, and we completed an FHA appraisal. appeared first on Riverfront Appraisals. While the house was ok, there was an old storage building on site that had peeling paint on the interior and exterior.

Loan Officers 94

Loan Officers Lending Appraisal Appraisal Process 94

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Many allegations related to appraisals that used inappropriate comparable sales that were used to “make” a deal work.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?

Bracketing 78

Bracketing Reconsideration of Value Final Inspection Appraisal 78

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

JULY 20, 2023

“[We are] looking at technology that will help streamline and reduce appraisal costs for the borrower. Fannie Mae conducted an online survey consisting of 10 questions among senior executives — such as CEOs and CFOs of Fannie Mae’s lending institution partners. About 73% of the respondents believe the U.S.

Lending 361

Lending Technology Business Construction 361

Housing Wire

JUNE 28, 2023

Depending on their FICO scores, loan amounts and debt-to-income (DTI) ratios, borrowers have the option to choose from four available bank statement loan options. All four loans require separate appraisals from two different appraisers for loan amounts over $1.5 No mortgage insurance is required.

Real Estate Agent 363

Real Estate Agent Insurance Lending Real Estate 363

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.

Loan Officers 485

Loan Officers Realtors Open Houses Law 485

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes.

Loan Officers 358

Loan Officers Insurance Mortgage Real Estate Agent 358

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

Marketing 496

Marketing Sellers Finance Loan Officers 496

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.

Loan Officers 356

Loan Officers Business Clients Training 356

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 77

Realtors Appraisal Market Value Real Estate Agent 77

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

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 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Housing Wire

DECEMBER 3, 2021

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. While borrowers can shop online these days and follow an automated experience, it doesn’t equate to working with a seasoned professional loan officer and learning what to expect first-hand.

Inventory 384

Inventory Loan Officers Clients Mortgage 384

Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. Reading the appraisal report will disclose why the sales that were used were chosen, and how they compare.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Appraisal Buzz

JUNE 7, 2021

I provide services to appraisers, banks, technology firms, education providers, appraisal management companies, and attorneys. For appraiser clients, we commonly focus on proactive practices, methods and support, investigations, use of assistants, workflow efficiency, and technology. Buzz : Why do AMCs need the training?

Training 366

Training Reconsideration of Value Valuation Clients 366

Housing Wire

NOVEMBER 8, 2021

There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle. I think we have some outdated stories and some urban legend stuff around VA loans,” said Wisnom, who is based out of Annapolis, Maryland, home of the U.S.

Clients 395

Clients Agents Buyers Sellers 395

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

Housing Wire

MAY 25, 2021

Since the collapse of its merger with Fidelity National, Stewart has bought NotaryCam, Pro Tek Valuation Intelligence, United States Appraisals and A.S.K. CloudVirga, which in 2018 allowed loan officers to submit to Fannie Mae Desktop Underwriter and Freddie Mac ‘s Loan Product Advisor with one click, has also been on the rise.

Mortgage 410

Mortgage Valuation Loan Officers Retail 410

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 457

Agents Sellers Buyers Finance 457

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