Housing Wire

JUNE 9, 2021

He’s right and we disagree with the Community Home Lenders Association ’s assertion that such an affirmative obligation should not also extend to independent mortgage companies. Bank CRA obligations cover far more than their mortgage lending. They stepped into the void created as some large banks retreated from the mortgage market.

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Housing Wire

JUNE 8, 2022

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”.

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Development Finance Government Lending 370

Appraisal Buzz

FEBRUARY 7, 2022

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Prior to 2020, the most common appraisal label in the mortgage origination ecosystem was the Full Appraisal. Appraisal Labels.

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Appraisal Inspection Development Technology 435

Housing Wire

JANUARY 31, 2021

Mortgage servicers are staying busy. The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics.

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Valuation Technology Development Real Estate 350

Housing Wire

AUGUST 7, 2023

The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money. Technology hasn’t been the barrier since 1998 when Equifax, and later other firms, developed systems to secure complex, multi-party transactions over the Internet.

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Real Estate Supply Chain Architecture Brokerage 370

Housing Wire

JANUARY 25, 2023

We’ve been very involved in appraisal modernization [and] investment over the past five years,” Kenon Chen, EVP of corporate strategy at Clear Capital, said. “We’re The desktop appraisal solutions were developed to meet new desktop appraisal guidelines introduced in April 2022.

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Valuation Technology Modernization Appraisal 397

Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. ICON, an Austin based firm, has developed a 3D printed wall system.

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HOA Insurance Legal Fees Valuation 370

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

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Real Estate Brokerage Real Estate Agent Technology 384

Housing Wire

DECEMBER 1, 2020

A simple, ancient practice, one that often goes unnoticed despite the critical role it plays in the lives of millions of Americans, is getting modernized. They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet.

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Law Modernization Technology Legal 410

Housing Wire

FEBRUARY 1, 2024

Generative AI is obviously a huge milestone in terms of the development of overall AI. But having a lot of data means nothing if you don’t have good data hygiene, good data pipelines and the right governance. But from a use-case perspective, we want to use that for two things.

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Technology Architecture Modernization Agents 421

Appraisal Buzz

APRIL 29, 2024

Developing multiple streams of income personally, as well from within your business, should always be a priority. If you aren’t in control of your clients, your fees, your market, or the main factors that drive your business, you’re always under threat by outside forces, like interest rates and government policy.

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Appraisal Buzz

MAY 31, 2021

The term “redlining” comes from the development by the New Deal by the federal government of maps of every major metropolitan area in the country. These color codes were designed to indicate where it was safe to insure mortgages. Government Segregated America. The answer…. First, a little bit about history. Citations: 1.

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Valuation Appraisal Real Estate Insurance 370

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. For starters, any development would have to pass through three levels of bureaucracy, as 4.1 acre is in Marin and the remaining 1.58

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Appraisal Mortgage Business Contracts 75

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Appraisal Inspection Modernization Business 70

Housing Wire

APRIL 12, 2021

After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. Susan Stewart , CEO at SWBC Mortgage Corporation , is the current Chair of the Mortgage Bankers Association.

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Mortgage Business Lending Finance 450

Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) this week announced a new rule aimed at bolstering the department’s Section 184 Indian Housing Loan Guarantee program, with the goal to increasing lender participation and ensure access to potential Native American beneficiaries.

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Government Modernization Tools Investors 440

Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used.

Technology 450

Technology Mortgage Investing Investors 450

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. Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture.

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Appraisal Contracts Business Construction 77

Housing Wire

OCTOBER 18, 2022

Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S.

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Valuation Modernization Real Estate Appraisal 410

Appraisal Today

AUGUST 18, 2023

With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. Request a reasonable fee based on the time involved in developing, analyzing, and reporting the appraisal. Varies widely around the country. == Mortgage applications decreased 0.8

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Appraisal Contracts Inspection Real Estate 75

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. million consent order with Trident Mortgage Co., Attorney General Merrick Garland said in a statement.

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Housing Wire

DECEMBER 15, 2021

Ginnie Mae, which is part of the Department of Housing and Urban Development , oversees guarantees totaling around $2.1 trillion of privately issued mortgage-backed securities, according to Ginnie Mae’s most recent unpaid principal balance report.

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Development Finance Government Modernization 384

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

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Appraisal Business Contracts Real Estate 72

Housing Wire

SEPTEMBER 15, 2021

As the housing economy becomes increasingly digital, appraisal modernization may hold the key to not only providing a better experience for borrowers and lenders but also reducing potential appraisal bias. Robinson joined Rocket Mortgage in 2004 as a mortgage banker before transitioning into leading an internal process improvement team.

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Modernization Development Valuation Technology 370

Clear Capital

JUNE 28, 2022

Each API connects directly into existing systems through a single integration for lenders, investors, and system providers, making it easier to adopt and deploy modern property valuation solutions. ” Over the past year, the government-sponsored enterprises (GSEs) have made sweeping changes around modern valuation solutions, and ?? .”

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Valuation Modernization Real Estate Investors 69

Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M million. “I

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Appraisal Real Estate Contracts Reconsideration of Value 68

Housing Wire

MARCH 29, 2022

To minimize the pain, legacy loan manufacturing processes typically collect only as many months of asset statements as are required by investors — often just two months for conventional and government loans. Thanks to the mortgage industry’s rapidly evolving understanding of the power of asset data, the answer is a resounding “yes.”

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Lending Modernization Construction Government 370

Housing Wire

MAY 2, 2022

COVID-19 brought many changes to the housing industry as stay-at-home orders forced companies in the space to re-think the mortgage process. However, valuation experts claim that the ability to implement the desktop appraisal could be critical for the digital mortgage experience, and therefore important for a lender’s success.

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Appraisal Valuation Technology Inspection 397

Housing Wire

MAY 8, 2023

Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019. This provides modern-feel homes to mostly newer homeowners. A nationwide mortgage forbearance program was legislated into reality by Congress through the CARES Act, also in April 2020.

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Inventory Renovations Supply Chain Buyers 410

AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Housing Wire

NOVEMBER 30, 2021

These and other steps are sorely needed to bring the appraisal process in line with advances to digitize mortgages, utilizing technology to combat inconsistencies that continue to beleaguer the profession, and reduce closing slowdowns often caused by appraisal capacity issues. The modern appraisal movement is accelerating.

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Appraisal Process Modernization Appraisal Valuation 421

Housing Wire

APRIL 21, 2022

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. “In the future, neighborhoods and towns, and eventually cities, will be built by robots and drones,” Ballard said. Homebuilders are at a crossroads,” McCoy said. Currently,” Sapp said.

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Construction Supply Chain Investors Business 397

Walitt Solutions

JULY 28, 2019

During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending. Nevertheless, it reminds us of the broad spectrum of scopes of work possible in appraisal practice.

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Appraisal Inspection Valuation Lending 28

Appraisal Buzz

MARCH 28, 2022

When an appraisal is prepared for a lender, in association with a mortgage application that may be eligible for sale to FNMA, the appraiser will be required to calculate and report measurements of square footage calculations in accordance with the ANSI standard. Appraiser Responsibility. What to do Now – Assess Your Risk.

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Appraisal Tools Clients Technology 370

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal? Desktop appraisal meaning and definition.

Valuation 69

Valuation Appraisal Inspection Appraisal Process 69

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? Stick to the facts. Glass-Front Residence in Fayetteville, AR, for $1.3M

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Appraisal Contracts Design Mortgage 63

Will Springer Realtor

OCTOBER 3, 2023

The combination of extremely high home prices and regulatory reform have turned this corner of the country into an ADU laboratory of sorts, with plenty of “formulas” being developed today to “grow” more desperately needed homes. Mortgage lenders are adding ADUs to their financing options.

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Law Design Construction Government 66