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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

First, he has his clients lender call the listing agent. But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients.

Clients 397
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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. Put together a deal pitch book. The problem with private money lenders is that good ones are hard to come by.

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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Fueling the rumor in this case is Wells Fargo’s recently announced plans to reduce its MSR portfolio, valued on its books at $9.3 But we’ll also look for intelligent and economic ways to reduce the complexity and the size of our servicing book between now and then. billion as of the end of 2022, U.S.

Buyers 384
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Appraiser Liability Risks

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Why you need this book Have you ever had to appraise a home with “no comps”? A home modified for handicapped access?

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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

The obligation to the client isn’t met. An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. It isn’t clear who owns the appraised property. Too much time has elapsed between the CRE appraisal and the loan.

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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.”