Business Design Lending Valuation 
Appraisal Buzz
MAY 6, 2024
Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. He has led complex business projects and integrations for mergers and acquisitions. Johnston is an experienced industry veteran.
Housing Wire
MARCH 10, 2023
Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Because if the Fannie Mae trend continues, you won’t have any of that business in the future anyway.”
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Housing Wire
JUNE 21, 2023
At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). CFPB] released an outline of proposals and alternatives under consideration for the SBREFA panel, made up of representatives of small businesses that might be affected by the rulemaking,” the item said. ”The
Appraisal Buzz
APRIL 15, 2024
The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. These forms became fixed in the mortgage industry and have remained the standard for decades.
Housing Wire
MAY 27, 2022
The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. Presented by: Mortgage Coach.
Housing Wire
JUNE 7, 2022
Add to those challenges increased competition in a rising interest rate environment that is choking off refinance business, driving overall mortgage volume down significantly. But unless the automation is specifically designed to solve these problems, it stands little chance of being effective. appeared first on HousingWire.
Housing Wire
APRIL 23, 2024
It is active for calls handled in the servicing and origination sides of the business, including loans sent by mortgage brokers working with Rocket Pro TPO. “You have this market dynamic where valuations are down; you have a ton of fragmentation. In 2023, the Detroit-headquartered lender generated $78.7
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