Housing Wire

FEBRUARY 13, 2024

Gregory Meola, managing director, head of business development & strategy, Acra Lending Rather than formulaic QM lending, non-QM lending can be more complex. HousingWire: What are the unique complexities of non-QM lending as compared to QM loans? Most non-QM loans; however, are manually underwritten.

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Appraisal Buzz

JANUARY 7, 2022

Citizens State Bank , a Wisconsin-based community bank focused on commercial and personal banking products, has selected Lendsmart , an AI-driven digital lending platform, to improve its digital lending operations and offer a seamless customer experience.

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Housing Wire

JULY 6, 2023

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass.

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Housing Wire

NOVEMBER 1, 2023

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.

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. However, is appraisal modernization on its own enough? However, is appraisal modernization on its own enough?

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Appraisal Buzz

SEPTEMBER 15, 2021

—Digital transformation is underway with a modern approach to appraisal management—. Boston, September 14, 2021 – Reggora , an appraisal software company, improving residential real estate valuation, announced today that Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal.

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Appraisal Buzz

DECEMBER 9, 2021

Tavant , a digital lending technology provider, is partnering with LogRocket , a data and analytics company, to enhance consumer lending experiences for American homebuyers. Tavant’s AI-powered consumer lending platform – V?LOX LOX – provides differentiated, customer-centric lending experiences.

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Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. One mid-sized lender echoed the opinion of others that appraisals still take too long.

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Appraisal Buzz

MAY 1, 2024

Non-QM lender American Heritage Lending (AHL) is now using the OptifiNow TPO CRM system to improve its sales and marketing capabilities. AHL chose OptifiNow because the system integrates seamlessly with its technology stack, providing the lender with a single platform to handle all aspects of their sales and marketing.

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Housing Wire

OCTOBER 6, 2020

Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.

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Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. ICE, which owns Ellie Mae , announced in April that appraisal-management tech provider AppraisalWorks is now available through its platform.

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Appraiserblogs

MAY 7, 2024

A colleague recently shared an important heads up regarding Fannie Mae and Freddie Mac’s plans to implement photo recognition AI to analyze appraisal photos. This technology can scan a single photo and extract over 100 data points related to quality, condition, and repairs.

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Housing Wire

NOVEMBER 18, 2021

HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership. HousingWire: What have been some of the key drivers behind the digital mortgage transformation?

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Housing Wire

AUGUST 25, 2022

Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. Misconception #1: You need an appraisal every time you do a loan.

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Appraisal Buzz

MAY 29, 2024

A lot will be changing with the UAD for both lenders and appraisers. We hone in on what some of these changes will mean for the lending industry, as well as how the technology changes will affect appraisers as we get closer to the live date.

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Appraisal Buzz

SEPTEMBER 5, 2022

This is part three of a three part series on appraisal review – Read parts one and two. When interacting with executive managers, I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” The Recent History of Appraisal Revisions. Complexity in Process and Properties.

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Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. And as instant online automated approval and closing continues to elude home equity lending, attention has turned to artificial intelligence.

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Appraisal Buzz

OCTOBER 4, 2021

DataVerify , a provider of data verification, risk mitigation and workflow automation services, has integrated with Rocket Companies’ Nexsys Technologies. DataVerify will directly connect with Nexsys Clear HOIsm, a tool from Nexsys Technologies that automates the verification of homeowners insurance (HOI) for mortgage lenders.

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Appraisal Buzz

DECEMBER 13, 2021

Infrrd , a provider of intelligent document processing (IDP) solutions, has launched Infrrd for Mortgage, which automates the lending process for mortgage origination companies and mortgage servicing entities. The post Infrrd Debuts New Intelligent Document Processing Technology appeared first on Appraisal Buzz.

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Technology Lending Mortgage Appraisal 195

Appraisal Buzz

JANUARY 11, 2022

Trust Lending , a national mortgage banker, has gone live with ReverseVision ’s Exchange (RVX) platform for its wholesale lending channel. ReverseVision is a national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology. Trust Lending is leveraging.

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Appraisal Buzz

AUGUST 16, 2021

Lender adoption of technology to facilitate a “contactless” mortgage process has rapidly accelerated due to the pandemic. The post Josh Lehr: Retail Lending vs. Direct: Leveraging Multiple Channels to Create Customers for Life appeared first on Appraisal Buzz.

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The original appraisal waiver solutions were launched in August 2017.

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Housing Wire

FEBRUARY 1, 2024

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. I hope you will join me.

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Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers Can Complete Virtual Inspections Independently, Be Their Own Bosses, and Prepare for a Digital Future. Appraisers will now be able to register for full access to RemoteVal for both desktop and hybrid assignments at remoteval.net. Appraisers pay a nominal fixed cost per inspection, which they build into their client fees.

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Appraisal Buzz

MAY 26, 2021

Tennessee-based Andrew Johnson Bank has selected Wolters Kluwer Compliance Solutions’ ComplianceOne, Vanceo Mortgage and Online Applications offerings to help it streamline, automate and enhance its lending program capabilities. The post Andrew Johnson Bank Using Wolters Kluwer Technologies appeared first on Appraisal Buzz.

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Appraisal Buzz

APRIL 13, 2022

Cornerstone Home Lending has launched its full service, in-house mortgage loan servicing operation for new loan originations. The company also selected Black Knight’s servicing technology platform to support the division.

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Lending Mortgage Technology Appraisal 195

Housing Wire

JULY 18, 2022

This fall will make a year since the announcement that the GSEs would begin to permanently accept desktop appraisals for conventional loans. In light of this, HW Media CEO Clayton Collins sits down with Mark Walser, president of Incenter Appraisal Management, to discuss remote desktop appraisals and what the industry has learned about them.

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Appraisal Buzz

MARCH 14, 2022

The mobile-first mortgage lending solution from StreamLoan Inc. , a provider of Point-of-Sale (POS) business-boosting, LOS-integrated mortgage tools, is now built on the web-based Encompass and available through ICE Mortgage Technology , part of Intercontinental Exchange Inc.

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Technology Tools Realtors Lending 195

Appraisal Buzz

MAY 17, 2022

a global provider of payments and financial services technology solutions, has debuted an intuitive digital mortgage lending platform. The post Fiserv, BeSmartee Launch Digital Mortgage Lending Platform appeared first on Appraisal Buzz. Fise r v Inc. , Changing expectations.

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Appraisal Buzz

JUNE 10, 2021

Clario becomes the first and only appraisal firm to participate in the program paving the way for the industry. RENO, Nev. — Clario Appraisal Network, Inc., Clario is the first and only appraisal firm to become SkillBridge approved and joins leading companies in other industries, including Lowes, Amazon and ADP.

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Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. If an appraisal doesn’t come in on time or closing documents don’t make the deadline, Tomo executives say they will still close on schedule.

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Housing Wire

SEPTEMBER 21, 2021

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week. How increased regulation presents a huge opportunity for lenders.

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Appraisal Modernization Property Appraisal Design 415

Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? HousingWire: What can the industry at large do to support the work of appraisers right now? This is misguided.

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Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. The appraisal process is ripe for change, and we’ve seen an acceleration of innovation in the last two years. Rick Hill Vice President, Industry Technology, MBA. Paul Doman President & CEO, Accurate Group. Get More Info.

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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.

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Housing Wire

SEPTEMBER 14, 2021

Big changes are ahead in the valuation space, most recently seen with the FHFA asking for input on appraisal modernization efforts. Will hybrid appraisals become the new norm? Are the GSEs going to expand the use of appraisal waivers? The post CoreLogic’s chief appraiser to speak at HW Annual appeared first on HousingWire.

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Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. The answer lies in evolving valuation technology.

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