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What is Appraisal Modernization? Pt 13

George Dell

The word “modernization” has a meaning different from what I thought. The dictionary definitions and explanations focus on the social and even political aspects of […] The post What is Appraisal Modernization? It seems to depend on who is using the word. To me, it just meant “get with it!”

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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. By shifting to a modern mindset and making diversity central to all lending initiatives, lenders can build strategies that are inherently anti-redlining. Last October, Ameris Bank had to pay $9 million to settle a redlining case.

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Redfin, Zillow named in video privacy lawsuits

Housing Wire

Companies using tracking technology, including Redfin, have been the subjects of recent data privacy lawsuits brought by third-parties alleging that the use of this modern technology violates consumer privacy as defined by older laws. The class definitions for the Redfin suit are similar, and are divided into all persons in the U.S.

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Black Knight offers new servicer solutions to curb foreclosure, late-stage default

Housing Wire

ICE announced in May 2022 that it had entered into a definitive agreement to acquire the firm. ICE claims the merger will modernize the mortgage servicing platform and will be beneficial for U.S. Servicing Digital, offered as an app or web design, enables customers to access their loan- and home-related information.

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Pretium acquires fix-and-flip lender Anchor

Housing Wire

“We are seeing a significant increase in the investments required to upgrade today’s aging homes and modernize our infrastructure,” said Mullen in a statement. a publicly-traded mortgage REIT, entered into a definitive agreement to acquire Genesis Capital LLC from Goldman Sachs.

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Sales Comparison Approach is Racist

Appraiserblogs

Racial Bias: Redlining in the Modern Era.are they behind this modern day redlining? The broad definition of an algorithm according to Merriam Webster’s Dictionary is “a…. This person’s, Dr. Elizabeth Korver-Glenn, PhD, work is one of the key reasons why there is so much chatter about racist appraisers in the US.

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Flueid CEO Peter Bowman on rethinking the real estate transaction process

Housing Wire

“To move forward, the industry needs to focus on driving greater transparency across workflows by unifying these innovations — bringing the data, insights and the best of each process together — to unlock their full potential and deliver a modern digital transaction.”.