Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. No doubt, investment in modernization is needed in the appraisal process.

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Housing Wire

MARCH 12, 2021

The modernization of mortgage originations in recent years has made customers expect a smart, push-button experience. million forbearances for American homeowners by mid-June, Sagent’s LoanServ was the first scale system of record servicers could tag and track loans with a COVID-specific forbearance designation. Not this time.

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Modernization Technology Investors Design 414

Housing Wire

SEPTEMBER 21, 2021

The announcement comes after more than a year’s worth of efforts by the FHA to streamline and modernize their FHA loan origination and claims process. How increased regulation presents a huge opportunity for lenders. Presented by: iEmergent. Learn more here!

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Appraisal Modernization Property Appraisal Design 441

Appraisal Buzz

SEPTEMBER 5, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”. Is there room for more improvement?

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Appraisal Modernization Appraisal Process Technology 281

Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. Lender issues are a significant factor in USPAP and Myths 1 to 4. Excerpts: 4 Bedrooms, 4.5

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Appraisal Contracts Legal Business 76

Housing Wire

OCTOBER 20, 2023

In this article, we’ll share ideas and tips, including the best way to present new listings and how to engage your followers with valuable educational content. Design a photo with the testimonial included, then use the caption to express gratitude for the review. Sharing your success lends to your credibility as an agent.

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Real Estate Agents Real Estate Agent Clients 396

Appraisal Today

AUGUST 5, 2022

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. That’s what I did. Be sure to put in a comment requesting it. ==.

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Appraisal Valuation Contracts Modernization 59

Listing Spark

AUGUST 17, 2023

However, property investors and house flippers can run up against the requirements for FHA loans in ways that present unexpected obstacles. The FHA flipping guidelines change who you can sell to, how you can sell, and even the terms you need to comply with to buy some investment properties.

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Investors Investing Buyers Real Estate 36

Housing Wire

OCTOBER 6, 2020

Lending technology out of focus. However, the back-office efficiencies that were supposed to result from collecting all of the borrower’s financial information into the loan origination system (LOS) electronically – a revolutionary result of the application of big data principles to the mortgage lending lifecycle – never materialized.

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Technology Mortgage Investing Investors 442

Housing Wire

JUNE 1, 2022

With borrowers preferring online loan applications that are quick to complete, fast turn times and even faster closings, financial institutions and mortgage lenders are having the inefficiencies in their business models highlighted and the need to prioritize modern technology is becoming strikingly obvious. How Calyx Path can help.

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Marketing Housing Market Mortgage Business 293

Clear Capital

JUNE 21, 2022

Fannie Mae’s study , while finding that homes owned by white borrowers were more often overvalued than homes owned by Black borrowers, furthered the discussion around Appraisal Modernization, including the use of AVMs in property valuations. AVMs should be used in the lending process to prevent appraisal bias.

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Valuation Technology Lending Real Estate 69

Appraisal Today

FEBRUARY 9, 2024

Compensation was determined by arbitration bodies who based their awards on the estimated annual value or rent multiplied by some number of years, a form of valuing the present worth of future monetary benefits. Back in the day, this protected the lender from lending more than the home/property is worth. Acre lot, built 1929 2551 S.

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Appraisal Contracts Insurance Construction 81

Will Springer Realtor

MAY 9, 2022

Thankfully, the 2024 planned opening of Link light rail ’s East Link Extension to Bellevue and Redmond will present a viable option if living on the other side of Lake Washington. That was within the 28% ceiling considered affordable by common lending standards. Commuting by car with high gas costs can be prohibitive. bath , 17,599 sq.

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Architecture Design Buyers Construction 36

Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. 2,500 sq.ft.,

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Appraisal Construction Contracts Insurance 52

Housing Wire

OCTOBER 1, 2022

District Court found that the CFPB, under Trump appointee Kathy Kraninger , acted in an “arbitrary and capricious” manner by exempting mortgage lenders from reporting obligations under the Home Mortgage Disclosure Act (HMDA) designed to help combat fair lending and fair housing violations, including redlining.

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Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. ” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon.

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Sellers Agents Real Estate Buyers 69

Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. The market changing again with increasing interest rates, in the inevitable ups and downs of mortgage lending. A look at the past, present, and future!

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Construction Appraisal Modernization Contracts 52

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. But ROVs, Tidewater initiatives, upset owners, and those who will play the racist card will be omni-present.

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Reconsideration of Value Appraisal Clients Contracts 52

Housing Wire

FEBRUARY 7, 2022

As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD.

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Insurance Modernization Lending Mortgage 368

Housing Wire

APRIL 1, 2021

To offset costs, the Biden Administration wants to raise the corporate tax rate from 21% to 28% which, combined with measures designed to stop offshoring of profits, would fund the entire plan within 15 years, according to the White House. How modernized servicing creates customers for life.

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