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HMDA: The top 10 FHA lenders by volume in 2021

Housing Wire

Now more than ever, there is a need to add automation tools into the loan origination process that help lenders see a return on investment. Presented by: DataVerify. Millennials made up 57% of applicants for FHA loans in 2021, with borrowers in the age bracket of 25 to 34 making up 28.1% billion worth of FHA loans.

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Modern FSBO Listing Services: Innovative Tools You Can Use

Listing Spark

In modern practices, there are plenty of online tools homeowners can use to navigate the market, negotiate deals, and successfully sell their homes without hiring a real estate agent. Then, see how innovative tools and services can help you manage the project based on your preferred timeline and budget. How is it helping?

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy. Related posts: The Pitfalls of Outlier Sales in Pricing a Listing What is bracketing and why should Realtors do it?

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Since rural markets commonly present appraisal challenges that are significantly less prevalent in urban markets, lack of underwriter familiarity with rural markets contributes to elevated first pass and overall appraisal denials. Training is accomplished by using examples of acceptable rural appraisals as training tools for underwriters.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Since rural markets commonly present appraisal challenges that are significantly less prevalent in urban markets, lack of underwriter familiarity with rural markets contributes to elevated first pass and overall appraisal denials. Training is accomplished by using examples of acceptable rural appraisals as training tools for underwriters.

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Some real estate websites set up their property search tools with price brackets.

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ANSI Z765: Finally Required After 26 Years

McKissock

In fact, I immediately began using it in my appraisal practice, teaching it in my school’s classes, and did presentations on it for a couple national appraisal organizations. Another is to bracket the square footage and use at least one larger and one smaller comparable to help compensate.