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Opinion: The elephant in the real estate room? Lowballed appraisals

Housing Wire

There are several factors to cite but I want to highlight a key area that may be taken for granted — that not everyone receives a fair home appraisal. Stifled The Fair Housing Center of Metropolitan Detroit shared that loan denial rates in Detroit, due to the appraised value of a home (a.k.a. Ultimately, this is a double-edged sword.

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Wells Fargo, CoreLogic partner on real estate tax processing operations

Housing Wire

Wells Fargo and information services company CoreLogic partnered on real estate tax processing operations to enhance risk management, compliance and customer experiences in the mortgage servicing sector. The data company’s clients include mortgage lenders, real estate brokers and property management companies.

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Chase Home Lending increases its closing guarantee

Housing Wire

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , In just the past year, the Department of Justice has called for a full dislocation of real estate agent commissions between sellers and buyers, and new appraisal bias protections have been set up.

Lending 444
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Appraisal firm Accurate Group acquires Voxtur Appraisal Services for $30M

Housing Wire

Appraisal technology company Accurate Group announced this week that it has acquired Voxtur Appraisal Services , an appraisal management company (AMC). Voxtur primarily serves real estate finance providers and specializes in broker-price opinions (BPOs), alternative valuation methods and traditional appraisals.

Appraisal 411
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How to vet private money lenders for real estate investing

Housing Wire

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed.

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How data and technology can combat appraisal bias

Housing Wire

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. Appraisal concerns have also been mitigated by more easily accessible data.

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Lines of Defense in Real Estate Collateral Risk Management

Appraisal Buzz

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. The Appraisal Review.