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 381

DW Slater Company

FEBRUARY 13, 2024

Mortgage interest rates dipped to historic lows around 3% in 2020 and 2021 then made big jumps in 2022, peaking at close to 8% in November of 2023. From large, elaborate luxury homes, to industrial buildings, to large tracks of acreage, to equine facilities, to new construction and old historic homes and buildings.

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Real Estate Appraisal Valuation Real Estate Agent 146

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. How hybrid title and valuations help increase lending efficiency. Streamline by combining services. Presented by: Altisource.

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Renovations Development Investors Legal 505

Appraisal Buzz

AUGUST 9, 2021

Who even knew about desktop valuations or evaluations? Answer: the appraisers that paid attention to policy changes and the inner workings of the mortgage industry. Most appraisers that focus on federal policy are typically related to mortgage rates. Mortgage work is driven by interest rates.

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Appraisal Inspection Lending Business 435

Clear Capital

AUGUST 30, 2021

Clear Capital , a real estate valuation and analytics fintech leader, today announced that its ClearInsight app was named “Property Valuation Tool of the Year” in the inaugural 2021 PropTech Breakthrough Awards. Company recognized for innovation in global real estate technology industry. August 30, 2021 —. Media Contact.

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Valuation Tools Real Estate Technology 74

Appraisal Buzz

MAY 18, 2022

I started at the Department of Housing & Urban Development in a temporary position in the Valuation Branch in the Minneapolis field office. They include exterior and interior inspections, new construction, as-is and as-repaired and appraisals for a variety of uses within financial institutions.

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Housing Wire

APRIL 20, 2021

They got their lunch handed to them — it was lose, lose, lose, lose,” said David Snover, the mortgage originator Patrick worked with. Most sellers, if given the choice, would seldom choose a lengthy construction financing process to a cash offer on a dilapidated house.

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Renovations Real Estate Agent Construction Buyers 437

Housing Wire

SEPTEMBER 19, 2023

Since the seller’s market for brokerages has passed for the moment, valuations have taken a hit. I suspect we will see more walkovers and big teams also making moves as they seek to improve their take on each transaction which creates even more uncertainty in valuations. It needs to be customized and personal.

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Real Estate Brokerage Agents Business 391

Housing Wire

OCTOBER 20, 2020

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis. The pandemic helped push over 400,000 borrowers to enter forbearance, and about 115,000 to exit forbearance, he said.

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Law Marketing Mortgage Valuation 489

Housing Wire

FEBRUARY 8, 2022

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. But it wasn’t an appraiser deciding to loan 125% of a home’s value for a 3/1 adjustable rate mortgage. But any risks appear to have been resolved.

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Appraisal Appraisal Process Valuation Renovations 370

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

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Housing Market Marketing Buyers Investors 443

D Fritz Appraisals

SEPTEMBER 11, 2023

Whether you are planning to sell in the near future or not, most people want to be reassured that any major renovations they invest in will be reflected in an increased home valuation. For example, if you spend $20,000 on a renovation and the valuation of your home goes up by $20,000, that is a 100% ROI.

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Renovations Home Value Market Value Valuation 117

Housing Wire

NOVEMBER 3, 2020

Home purchase demand managed to maintain pace through the summer, and now through the fall, as record low mortgage rates continued to encourage new borrowers to enter the market. Despite home prices rising 6.7% year over year in September, CoreLogic’s Home Price Index Forecast (HPI) estimates home prices will moderate next year, increasing 0.2%

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Inventory Housing Market Construction Marketing 475

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Lanham, 20/20 Valuations, and loanDepot.com, U.S. District Court, Maryland.

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Appraisal Contracts Business Construction 77

DW Slater Company

JANUARY 30, 2023

The rocket soon turned and begin its descent in May as mortgage rates began to rise in March. Mortgage rates impact housing as they affect buying power. Mortgage interest rates peaked in November and have been hovering around 6 % for the 30-year fixed rate. Is Valuation Independence Good or Bad for Business?

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Housing Market Marketing Real Estate Appraisal 122

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department.

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Appraisal Reconsideration of Value Valuation Real Estate 85

Housing Wire

JUNE 29, 2021

San Diego, in particular, has seen the expansion of new construction and development into the wildlands, thus exposing a greater number of homes to the susceptibility of wildfire. But even outside of California, hurricane-prone Florida has become an increasingly popular destination for homeowners seeking sunshine and lower prices.

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Home Value Development Valuation Insurance 228

Raleigh Realty

FEBRUARY 19, 2022

Does a Newly Constructed Home Need an Appraisal? Yes, even a newly constructed home needs an appraisal. Just because the home hasn't been lived in, doesn't mean the valuation couldn't be off. The nice thing about new construction homes is there are typically dozens of comparable properties being built by the builder.

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Appraisal Process Appraisal Construction Sellers 139

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage.

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Appraisal Inspection Property Taxes Easement 105

DW Slater Company

JUNE 16, 2022

Mortgage rates are already moving up and are projected to move higher. Another thing to watch is new construction. Builders have been trying to build new homes to meet the demand but there have been delays due to supply chain issues and cost of construction. Get an Inside Look at Tech-Enabled Valuation Solutions- Appraisal Buzz.

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Supply Chain Real Estate Investors Appraisal 159

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Hire construction professionals you trust, and maintain oversight of the project throughout its duration. This will help you ensure that the construction staff is safe. Once you have a property and a plan, it’s time to start developing — and you’ll need a solid team to help you do so. I hope you enjoy it!

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Real Estate Development Appraisal Contracts 303

Clear Capital

NOVEMBER 28, 2023

The mortgage industry has seen an increase in loan repurchases throughout 2023, and industry experts fear that the number of loan repurchases may continue to rise. According to HousingWire , independent mortgage banks (IMBs) are heavily affected by loan repurchases, which can be quite costly for lenders.

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Valuation Appraisal Tools Lending 36

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department.

Appraisal 52

Appraisal Reconsideration of Value Valuation Real Estate 52

Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals.

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Appraisal Inspection Modernization Business 70

D Fritz Appraisals

JUNE 28, 2022

This significant increase came about due to the unprecedented combination of: All time low mortgage rates. While low mortgage rates created higher demand, the lack of available homes led to price increases and over-bidding. Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

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

East Coast Appraisal

FEBRUARY 28, 2022

Interest rates and mortgage markets affect how many prospective buyers eye your home. Lower rates and mortgages attract more buyers and expand the demand, which increases prices. Any defects in construction and damage to the components mentioned above reduce your home's value.

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Appraisal Renovations Home Value Construction 52

McKissock

DECEMBER 10, 2021

They look at forecast models from seven different industry leaders: Zillow, Goldman Sachs, Redfin, Corelogic, Fannie Mae, Freddie Mac, and the Mortgage Bankers Association. “Higher mortgage rates will end double-digit price growth and new listings will hit a 10-year high,” predicts Redfin. ” Read the full review.

Housing Market 79

Housing Market Appraisal Marketing Appraisal Process 79

McKissock

NOVEMBER 5, 2021

The article cites the pandemic, as well as shortages of lumber, construction materials, and skilled labor as reasons for why residential property values continue to increase. “The latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) has found that mortgage application volume decreased 3.3%

Appraisal 73

Appraisal Government Property Appraisal Valuation 73

D Fritz Appraisals

SEPTEMBER 19, 2019

An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home. Sometimes these online services are referred to more formally as Automated Valuation Models (AVMs), or more casually, home value calculators. A good example of this is CMHC’s auto valuation tool called Emili.

Home Value 78

Home Value Appraisal Real Estate Agent Tools 78

Appraisal Today

APRIL 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. In the 1930’s, appraisers (then known as valuators) were instructed to follow a rating system.

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

APRIL 30, 2023

A home appraisal is a professional valuation analysis of a property, which is usually conducted by a certified or licensed appraiser hired by the lender during the home purchase or refinancing process. You can present the factual case for a higher valuation to the original appraiser or ask for a second opinion from a different appraiser.

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Appraisal Valuation Appraisal Process Renovations 36

Appraisal Today

FEBRUARY 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. AMCs had taken over the mortgage-lending work. They also fail to note the size of these under-valuations. To read more, click here My comments: Very interesting!

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Appraisal Architecture Valuation Business 52

Property Metrics

AUGUST 13, 2020

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. These factors also cause property valuation to increase. These factors all result in lower property valuations. As interest rates increase, so do the monthly mortgage payments. Construction Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Appraisal Today

APRIL 14, 2023

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication.

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Appraisal Bracketing Contracts Valuation 52

Housing Wire

SEPTEMBER 30, 2020

Trelix helps increase mortgage fulfillment productivity and customer satisfaction by helping companies adjust to constantly fluctuating business demands with a global supplemental team of skilled mortgage associates. STREAMLINED CONSTRUCTION PROCESSES. INTEGRATED VALUATION SERVICES. CUSTOMIZED ORIGINATION SOLUTIONS.

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Valuation Construction Clients Insurance 332