Remove Design Remove Lending Remove Modernization Remove Valuation
article thumbnail

Why is now the time for lenders to modernize their appraisal processes

Housing Wire

HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. . HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

article thumbnail

Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

Valuation 383
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? But unless the automation is specifically designed to solve these problems, it stands little chance of being effective.

Lending 278
article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. These forms became fixed in the mortgage industry and have remained the standard for decades.

Appraisal 397
article thumbnail

Introducing the 2023 Women of Influence!

Housing Wire

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

article thumbnail

A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

article thumbnail

1004 Desktop appraisals: A monumental step forward for appraisal modernization

Clear Capital

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. Today’s Selling Guide update for 1004 Desktop appraisals signal the industry-wide adoption of modern appraisal methodologies.