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How AI is changing the valuations process

Housing Wire

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. We also assist clients with repurchase demands on loans we did not provide services.

Valuation 358
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Rocket CEO talks new AI tool, changes in leadership and M&As

Housing Wire

Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. The lender estimates it will save tens of thousands of hours annually.

Tools 338
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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

Valuation 412
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Reevaluating your origination tools? Here’s where to start

Housing Wire

With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 393
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Simplify complex lending processes with powerful analytics

Housing Wire

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. This interactive tool gives customers the ability to review information about their loans and easily perform tasks, such as making loan payments.

Lending 384
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Nationwide Appraisal Network’s valuation solutions allow lenders to select appraisers based on performance

Housing Wire

Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states. NAN’s valuation solutions give lenders the chance to evaluate, select and manage appraisers based on their quality and performance.

Valuation 196
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Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). ” Another trade group weighed in on the newly proposed rule.

Valuation 360