Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Housing Wire

MARCH 23, 2022

Available to clients aged 55 and older (in select states), this product allows eligible homeowners to tap into more of their home equity sooner rather than later with lower upfront costs. The program is available to a wide range of homeowners, with lending limits as high as $4 million*.

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Mortgage Clients Business Training 352

Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

OCTOBER 18, 2022

homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. Here are four ways the next generation of AVMs are reducing risk, accelerating decision making and cutting the cost of home equity originations.

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Housing Wire

NOVEMBER 16, 2023

When CoreLogic acquired Roostify, the digital mortgage technology company I co-founded and led for more than a decade, in February, our mission was to accelerate and simplify the home lending experience. The question is whether their value is commensurate with the commission that they receive as an effective entitlement.

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Housing Wire

MAY 17, 2023

Flávia Furlan Nunes : Where is Rocket in its journey of becoming a fintech and reducing the cost to acquire a client? Bob Walters: We’ve repositioned and added many more products that our clients can take advantage of. That’s always relevant day in and day out to 2 million Rocket Money clients. Then you add 2.5

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Housing Wire

FEBRUARY 21, 2023

“We’re going to send our clients the applications, they’re going to sign it and they’re going to mail it back to us. How do we get clients directly to reach out to us? Despite much of the talk out there, buyers are not coming back until home values come down dramatically – you probably won’t see a tremendous pickup.

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Housing Wire

AUGUST 8, 2023

However, the recent migration from these markets, spurred by Americans working from home in other states, has led to rising home values elsewhere, making demand for jumbos stronger in different places in the country. When banks do jumbo loans, they want to have money from the client in the bank.

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Housing Wire

JANUARY 18, 2023

“A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said. A small decrease from where we’re at today can be a really nice way to offset some of the affordability concerns with mortgage rates going up,” Brown said.

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Housing Market Marketing Insurance Mortgage 411

Empire Appraisal Group

NOVEMBER 22, 2023

has been assisting clients in making well-informed decisions related to real estate. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appraisal experience.

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Empire Appraisal Group

NOVEMBER 9, 2023

has been assisting clients in making well-informed decisions related to real estate. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appraisal experience.

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Marketing Real Estate Clients Realtors 78

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Mortgage Technology Investing Investors 435

JMV Lending

AUGUST 5, 2020

We once had clients who spent dozens (if not hundreds) of hours removing the popcorn ceilings from their $950,000 home. Because they put so much “sweat” into their equity, they were convinced that their home would appraise for substantially more when they were done.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

REMAINING ECONOMIC LIFE FOR LENDING PURPOSES. In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. Whether the lender wants to lend on the property or not, is up to them, not the appraiser.

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Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. billion [due to increased home values]. “…The

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Eppraisal

APRIL 20, 2021

Your Offer Price As mentioned, the inventory of homes for sale is even lower than it was last year at this time. According to an article on Realtor.com, there were 52% less homes on the market in March of 2021 than in March of 2020. With limited inventory, home values are on the rise. It's that simple.

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Eppraisal

AUGUST 22, 2023

If you're purchasing or selling a home, they're a good place to start for an "estimated" value of a given home, but ultimately, should not replace a detailed valuation report from your real estate agent. The term "home value estimation" emphasizes the role of AVMs in guiding pricing strategies.

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Real Estate Real Estate Agent Valuation Sellers 36

Appraisal Today

APRIL 14, 2023

It is a place where we can show our clients just how valuable an appraisal can be. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication. Many of us have learned to truncate our verbiage because our lending clients do not want to read volumes.

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Appraisal Today

NOVEMBER 4, 2022

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. value to property. in a non-coastal flood zone.

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Reconsideration of Value Appraisal Inspection Advertising 52

Raleigh Realty

MARCH 26, 2022

So let’s jump right in then Table of Contents: Local Knowledge It's Free Investment Purposes Knows Other Agents Local Resources Schedule Showings Emotional Control Experience Negotiations Financial Strategies Communication You Want Someone With Knowledge Of The Area Location is the single most important factor in finding the best home.

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Appraisal Today

SEPTEMBER 29, 2023

Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. Risk to Home Values.

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Insurance Appraisal Contracts Mortgage 79

Appraisal Today

MAY 19, 2023

They can tell their clients that their data collectors are qualified, as compared with their competitors. Getting on AMC lists does not require any marketing, such as business from almost any other type of client. I would love to have all my clients email me the appraisal order. I learned a lot. I understand completely.

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Appraisal Today

DECEMBER 9, 2022

This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. We all hate revisions unless maybe it was because we forgot to put the value in. I did this sometimes in appraisals for a local bank ;> Your clients hate them also.

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Appraisal Today

JUNE 10, 2022

Recall the five forces of friction: practices, standards, education, regulation, and client expectation. The Inevitable Cyclicality of Mortgage Lending. Communicating with non-lender clients: Very, very different than lenders. “Americans have seen home values rise at record rates over the past few years.

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Appraisal Today

FEBRUARY 24, 2023

AMCs had taken over the mortgage-lending work. Those appraisers who built strong relationships with their AMC and lender clients, who returned phone calls promptly, never “went dark” with their clients, always turned their assignments in on time (or early) — they are the ones who are still getting orders even when times are slow.

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Appraisal Today

FEBRUARY 23, 2024

Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent. This will save time, especially when consumers request a Reconsideration of Value.

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Appraisal Real Estate Contracts Reconsideration of Value 68