Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Many appraisers working in today’s marketplaces are about to find out how important this is. This is important information for appraisers, though it may not appear so at first. Appraisers track such data.

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Housing Wire

AUGUST 31, 2022

As more aspects of the mortgage process venture into the online realm, appraisal remains a bottleneck that regularly causes significant delays and loss in profit. Reggora is facing the issues surrounding modern appraisals head-on with its industry-leading Reggora Appraisal Management Platform.

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Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We

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Realtor

SEPTEMBER 13, 2023

-Oxford-/iStock The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisal comes in significantly lower than the accepted offer. The loan officer writes an appeal using the new comparables and then sends it to the appraiser.

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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.

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Appraiserblogs

OCTOBER 11, 2022

Loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify for so-called appraisal waivers… It feels like Ground Hog Day all over again. Dozens of loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify. That was in 2016.

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Appraisal Buzz

APRIL 15, 2024

The average number of pre-approved borrowers per loan officer increased quarter-over-quarter from 20.4 The average pre-approval letter loan amount increased 5% in the first quarter compared with the fourth quarter – from $294,229 to $309,771.

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Loan Officers Tools Mortgage Appraisal 367

Kairos Appraisal Services

OCTOBER 1, 2022

If you’re a mortgage loan officer and not taking advantage of pre-appraisal tools, your clients could be paying the price with higher fees and longer turnaround times.

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Housing Wire

APRIL 30, 2022

When it comes to innovative appraisal tech, there’s no denying that Reggora continually has its finger on the pulse. With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves.

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Appraisal Buzz

APRIL 24, 2024

The post Truv Now Integrated With BeSmartee appeared first on Appraisal Buzz. “Our partnership with Truv elevates BeSmartee’s mission of transforming borrowers into data verifiers vs. data providers,” says Tim Nyguen, co-founder and CEO of BeSmartee, in a release. Truv and Bright POS also put the power in originators’ hands.”

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Genworth MI Blog

FEBRUARY 29, 2024

The mortgage process involves diligence and timeliness to ensure that borrowers can meet their closing date – that diligence is also required to master the appraisal review process. Ensuring you know the ins and outs of the appraisal review is imperative to help your borrowers meet that end goal on time.

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Housing Wire

JUNE 10, 2022

Loan officers, processors, and underwriters alike now have access to use Touchless Lending’s Optimized Workflows to engage with data and make decisions faster, instead of relying on physical documentation and manual data entry. Get More Info.

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Riverfront Appraisals

JULY 29, 2021

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out.

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Kairos Appraisal Services

OCTOBER 20, 2023

Have you seen the most recent updates to the Appraiser Independence Requirements? These guidelines affect loan officers and how closely AMCs can work with mortgage brokers and lenders moving forward. Lenders have previously been scrutinized for how they have interpreted the Appraisal Independence Requirements.

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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.

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Appraisal Appraisal Process Valuation Loan Officers 209

Riverfront Appraisals

AUGUST 31, 2021

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

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Appraisal Buzz

JULY 19, 2021

These options give loan officers the opportunity to fill a large. The post Deephaven Looks to Increase Partners’ Non-Agency Lending Opportunities appeared first on Appraisal Buzz.

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Appraisal Buzz

JULY 6, 2022

This end-to-end digital tool is designed to act as a mobile pipeline, empowering loan officers to accomplish anything from issuing a pre-approval letter to locking in a rate, all in real time and all fully remote using just their smart phone.

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Tools Loan Officers Design Development 195

Appraisal Buzz

AUGUST 17, 2021

The platform allows financial institutions to provide a complete white-labeled home-buying experience on their website and gives each loan officer with their own home search engine. The post Homebot Acquires Digital Home Buying Platform for Mortgage Lenders appeared first on Appraisal Buzz.

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Riverfront Appraisals

NOVEMBER 4, 2021

Welcome to the November edition of our blog series, The Loan Officer’s Guide to Appraisals. If you’ve been following our blog, you know that all year, I’ve been writing with the purpose of assisting loan officers to better understand the appraisal process.

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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.

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Appraiserblogs

MARCH 1, 2021

On January 4, 2021, the… Appraisal Racism. Not one single point provides any evidence to the appraiser engaging in a racist act. Not one single point provides any evidence to the appraiser engaging in a racist act. No appraisal reports or actual… Bill Prohibiting Discrimination in Appraisals.

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Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. To read the report, click here My comments: Read the appraiser sections in the long report. This is up sharply from 27 percent last year.

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Appraisal Real Estate Agent Contracts Real Estate 81

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?

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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. The post Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser appeared first on Riverfront Appraisals.

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Appraisal Buzz

JUNE 21, 2021

Sure, personnel in some positions had been able to telecommute previously, but in many instances, this was not a possibility for underwriters, processors and loan officers in all states and chartering or licensing regimes…until now.

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Loan Officers Mortgage Appraisal Marketing 300

Riverfront Appraisals

SEPTEMBER 30, 2021

Welcome to the October edition of our blog series, The Loan Officer’s Guide to Appraisals. If you’ve been following along with us, you know this is part 10 in our year-long series on appraisals and the loan officer.

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Appraisal Appraisal Process Loan Officers Housing Market 97

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 […].

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Appraisal Buzz

JULY 26, 2022

OSB Community Bank , an Illinois-chartered commercial bank with loan officers operating out of branches in Ottawa, Marseilles and Morris, Illinois, is now using Nexus Closing by SimpleNexus to support hybrid closings. In a release, Dan Sabol, director of mortgage sales for.

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Appraisal Buzz

JULY 25, 2022

Until recently, the mortgage industry has been satisfied to leave the work of empowering new buyers to their real estate agents, so that loan officers (LOs) could spend time focusing on the flood of refinance business that led to a $4 trillion mortgage market in 2021.

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Appraisal Buzz

AUGUST 16, 2021

Through a partnership with SimpleNexus’ homeownership platform, Docutech technology reportedly will benefit more borrowers, loan officers, and lenders. The post First American Docutech Expands eSign Experience appeared first on Appraisal Buzz.

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Riverfront Appraisals

JANUARY 18, 2021

Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. In this blog post, we’re starting with the end. We’ll briefly look at what a final inspection […].

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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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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 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. The post Mortgage Data Company 6 Solutions Adds CEO Jeff Walton appeared first on theMReport.com.

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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 127

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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