Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Tools Valuation Inspection Investors 362

Housing Wire

MAY 2, 2021

Over the last several years, significant technology trends continue to change the way people interact and work, and collateral valuation is no exception. This unique valuation offering is bolstered by the industry’s largest, most comprehensive database of property and homeowner information and recorded document images.

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Technology Valuation Mortgage Inspection 345

Housing Wire

JUNE 27, 2023

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. That savings can be passed on to borrowers.”

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Mortgage Modernization Appraisal Process Loan Conditions 265

Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property. What is property data collection? But you already know this.

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Modernization Appraisal Inspection Valuation 329

Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers Can Complete Virtual Inspections Independently, Be Their Own Bosses, and Prepare for a Digital Future. Once they have signed up, they will be able to create job orders, complete virtual inspections, and set their desired fees. Appraisers pay a nominal fixed cost per inspection, which they build into their client fees.

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Appraisal Inspection Lending Clients 195

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Business Marketing Real Estate Legal 339

Housing Wire

OCTOBER 26, 2020

Working with some of the nation’s largest banks and mortgage servicers, offering asset management, property disposition, title, close, valuation, and field services through an integrated, technology-driven platform. This is a huge value for our clients when it is crunch time.”. Solutions to Pandemic Era Issues.

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Clients Valuation Technology Inspection 352

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Inspection Appraisal Marketing Appraisal Process 78

Appraisal Buzz

DECEMBER 20, 2021

December 16, 2021 — Deephaven Mortgage today announced an alliance with Incenter Appraisal Management to give Non-Agency/Non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans. Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market.

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Appraisal Mortgage Technology Appraisal Process 195

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

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Mortgage Lending Investors Clients 228

Housing Wire

OCTOBER 18, 2022

Automated Valuation Models (AVMs) are having a moment. For instance, we update underlying data, retrain our models, and run valuations on every residential property in the country every 24 hours. Unlike first mortgages, HELOCs are usually low- or no-cost products for consumers. Next-generation AVMs balance cost and risk.

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Valuation Home Value Technology Lending 255

Housing Wire

FEBRUARY 10, 2021

Lender Sierra Pacific Mortgage (SPM) announced Wednesday it will use CoreLogic’s collateral valuation platform in order to streamline future home appraisals. Sierra Pacific Mortgage, a California-based nationwide direct lender licensed in 49 states, has been searching for ways to increase underwriter productivity since 2018.

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Appraisal Appraisal Process Inspection Valuation 380

Appraisal Buzz

SEPTEMBER 1, 2021

LLC, a leading provider of real estate valuation solutions with their flagship valuation platform called – Profet.ai. This partnership will reduce the friction in the bifurcated appraisal process by enabling a seamless integration of property inspection data and analytics in appraisal workflows. Our goal with Profet.ai

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Appraisal Valuation Real Estate Modernization 195

Appraisal Buzz

AUGUST 15, 2022

Mark: I have 13 years in the AMC industry working with mid-sized and large mortgage lenders performing operations, vendor management, and business development at the C-Level. Buzz: What is Clearbox and what does it offer appraisers? Buzz: What is Incenter and what does it offer appraisers? We put appraisers in control!

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Valuation Appraisal Inspection Modernization 195

Clear Capital

SEPTEMBER 13, 2023

Great news for users of Encompass® by ICE Mortgage Technology®. All Clear Capital residential valuations solutions are now available on the latest Encompass Partner Connect API Platform. What is Encompass by ICE Mortgage Technology? Encompass is a digital lending software available through ICE Mortgage Technology.

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Technology Valuation Mortgage Inspection 36

Appraiserblogs

FEBRUARY 1, 2022

Fannie Mae’s sweeping new national condominium regulations… Appraisers, Fannie Mae has changed inspection and reporting requirements for Condominiums, effective January 1, 2022. AMC Sucker Punches Appraisers Class Valuation sucker punches appraisers! The article titled “How can appraisers evaluate aging condos without docs?”

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Appraisal Valuation Inspection Lending 117

Appraisal Buzz

FEBRUARY 7, 2022

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Prior to 2020, the most common appraisal label in the mortgage origination ecosystem was the Full Appraisal. Appraisal Labels.

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Appraisal Inspection Development Technology 435

Birmingham Appraisal

AUGUST 23, 2023

When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened. A mutually respectful partnership ensures that each of their clients receives informed advice, leading to confident decisions.

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Agents Appraisal Valuation Appraisal Process 85

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

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Real Estate Real Estate Agent Technology Investors 350

Housing Wire

APRIL 22, 2024

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. Always include your contact information and a call to action, such as an offer for a free home valuation. The same quantity of printed, inserted, stamped and mailed letters are $1.38

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Real Estate Open Houses Brokerage Real Estate Agent 335

AmeriMac

MARCH 14, 2022

Yes, it’s true that certain things like valuations and appraisals still require a lot of time and energy from a certified professional. Someone will need to come out to a home, inspect it and use all available information to make a best judgment determination about what that property is worth. Case in point: valuation software.

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Valuation Real Estate Market Value Appraisal 36

Cleveland Appraisal Blog

MAY 12, 2022

And I remember the first time I started using a digital camera instead of a 35mm camera to take pictures during my inspections. One of my bank clients ordered one of the new Desktop Appraisals that Fannie Mae is accepting. Ironically, when making the inspection myself, no interior walls need to be provided. SOMETHING NEW.

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Inspection Appraisal Tools Advertising 341

McKissock

AUGUST 30, 2022

A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients. Educate your appraisal clients. You might be surprised at your client’s response if you take the time to educate him or her.

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Appraisal Clients Inspection Lending 81

Housing Wire

JANUARY 11, 2024

” Rich Weidel, Princeton Mortgage CEO : “I’m in some owners working groups, and somebody will bring up a tech and either they’re having great success and we’re struggling with it, or we’re having great success and they’re struggling with it. But it’s not an easy landscape to navigate. We wrangle with it every week.”

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Technology Contracts Business Appraisal 377

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. You can read more about property inspection waivers in a past article I wrote.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Appraisal Hub

JANUARY 11, 2021

After all, every commercial property is different in terms of value, supply, demand, size, location, and other qualities that may affect valuation. It’s not the same as a property inspection. The inspection process is also a part of the appraisal. A client must order the appraisal. Everything is verified.

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Real Estate Appraisal Property Appraisal Inspection 78

Housing Wire

AUGUST 29, 2022

SW: The mortgage industry saw huge origination volume over the last two years. When you look back during the pandemic, the appraiser community, they were the ones who risked their health, who risked their families’ health, going into strangers’ homes to do inspections. What part did that volume play in your growth?

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Modernization Appraisal Valuation Technology 370

McKissock

JANUARY 6, 2023

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. You should also consider non-QM lenders (non-qualified mortgage lenders).

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Appraisal Training Lending Land Management 74

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value. baths, 14,450 sq.ft.,

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Appraisal Construction Contracts Architecture 77

Eppraisal

SEPTEMBER 8, 2023

An AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. Local market knowledge, a physical inspection of the property, and personalized advice are not something an AVM provides. Interested in learning more?

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Real Estate Agent Inspection Real Estate Agents 36

Premier Home Appraisal Blog

MAY 30, 2023

Are you tired of paying for private mortgage insurance (PMI) every month? Private mortgage insurance, or PMI, is a type of insurance that lenders require borrowers to purchase when they put down less than 20% on their home. It allows them to recover some of the money they lent out if the borrower cannot make their mortgage payments.

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Appraisal Home Value Appraisal Process Insurance 98

Appraisal Today

NOVEMBER 4, 2022

Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. Property inspection date. Effective date.

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Reconsideration of Value Appraisal Inspection Advertising 52

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. I blend this with occasional review work and traditional valuation for banks/lenders, and it’s been a blessing to keep afloat during these very difficult times!”

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Lending Appraisal Property Taxes Training 99

AmeriMac

JANUARY 15, 2024

The home appraisal process involves a thorough inspection of the property, analysis of market conditions, and the creation of a comprehensive appraisal report. The appraisal report provides an accurate valuation of the property, which is crucial for both buyers and sellers in real estate transactions. What Does a Home Appraiser Do?

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Appraisal Appraisal Process Valuation Real Estate 36

McKissock

DECEMBER 28, 2021

Mortgage rates are expected to rise, but still remain attractive and reasonable. Appraisers should consider learning more about desktop appraisals and the hybrid/bifurcated appraisal process and using remote inspection tools such as RemoteVal ,” she advises. Major unknowns in the coming year. So, many markets may cool off.”.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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Easement Contracts Appraisal Inspection 52

Realvals

JUNE 18, 2023

One, as way to know the value before making an offer, and two, for the mortgage process after making an offer. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. Mortgage lenders require an appraisal as part of the loan application process.

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Appraisal Property Taxes Real Estate Market Value 145