Housing Wire

JUNE 30, 2021

The right mortgage services provider is essential to helping wholesale lenders and their brokers thrive in this constantly evolving market. ServiceLink’s unique tech-enabled mortgage services include valuations as well. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Appraisal Buzz

MAY 6, 2024

Stan Middleman, Chairman and CEO of Freedom Mortgage, spoke of some insurers writing policies without coverage for wind to limit liability and losses, in response to rising instances of storm damage. ICON, an Austin based firm, has developed a 3D printed wall system. The post Going to Extremes appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 6, 2021

They refinanced their mortgage in 2018 and 2019, and sought to do so again in 2020. It was in this third iteration of mortgage refinancing where the alleged appraisal bias occurred. This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How is Class Valuation leveraging AI? How is Class Valuation rising to that challenge?

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Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Currently, the appraisal process is the biggest issue facing the mortgage industry,” the mid-sized lender said. “It

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Housing Wire

MAY 31, 2021

One of the most challenging aspects in a real estate transaction is the valuation process. Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. And, the impact of the pandemic has complicated this process even further.

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Inspection Valuation Real Estate Real Estate Agent 196

AmeriMac

OCTOBER 30, 2023

The appraisal industry has undergone a significant transformation in recent years, with the emergence of alternate valuation products like the property inspection waiver program. In this blog post, we will look in-depth at alternate valuation products, how they work, and their potential to replace traditional appraisal methods.

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Housing Wire

MARCH 23, 2021

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. Use of an automated valuation model (AVM) paired with a property inspection has alleviated some of the capacity constraints in the workforce while saving time and costs for consumers.

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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. Additionally, as directed by the Biden administration, the U.S.

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Housing Wire

DECEMBER 21, 2020

Ten days ahead of the latest expiration date, the Department of Housing and Urban Development announced that the Federal Housing Administration is providing a two-month extension of its foreclosure and eviction moratorium, and initial forbearance requests through Feb. Low mortgage rates fuel the demand for valuation and settlement services.

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Housing Wire

JANUARY 31, 2021

Mortgage servicers are staying busy. Leveraging our own real estate data and analytics to amplify our broker- and appraisal-based valuation services, Clear Capital delivers highly-accurate information with rapid turn-times and a robust quality control process,” said Kenon Chen, EVP of corporate strategy.

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Valuation Technology Development Real Estate 232

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 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

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. The appraisal industry was no exception, creating hybrid or remote models to conduct an appraisal and home inspection without physically entering the home as COVID-19 cases rose.

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Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

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Housing Wire

JULY 31, 2023

Jaro was initially developed by Ascent Software Group to streamline the entire appraisal workflow, eliminating the need for redundant steps and external systems. The software meets the industry’s expectations for swift, accurate valuations with compliance checks and compatibility to meet the new and updated appraisal guidelines.

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Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. The Appraisal Review.

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Housing Wire

OCTOBER 18, 2022

Automated Valuation Models (AVMs) are having a moment. At First American Data & Analytics , we’ve been at the forefront of developing the next generation of AVMs, incorporating advanced technology to improve how they can be used to better support these initiatives while improving accuracy and currency.

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Housing Wire

FEBRUARY 18, 2022

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” Here are six misconceptions surrounding what AVMs currently do for appraisal valuation: 1. ” Amazing, right?

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Housing Wire

FEBRUARY 10, 2021

Lender Sierra Pacific Mortgage (SPM) announced Wednesday it will use CoreLogic’s collateral valuation platform in order to streamline future home appraisals. Sierra Pacific Mortgage, a California-based nationwide direct lender licensed in 49 states, has been searching for ways to increase underwriter productivity since 2018.

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Housing Wire

JANUARY 3, 2022

Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. “One United Wholesale Mortgage also hopes to make its stamp on the appraisal space.

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Appraisal Buzz

AUGUST 15, 2022

Mark: I have 13 years in the AMC industry working with mid-sized and large mortgage lenders performing operations, vendor management, and business development at the C-Level. Buzz: What is Clearbox and what does it offer appraisers? We put appraisers in control! Buzz: How does the Incenter and Clearbox partnership benefit appraisers?

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Housing Wire

MAY 23, 2023

In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

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Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

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AmeriMac

NOVEMBER 15, 2023

If you are a lender or a borrower, you might be familiar with the valuation options available through Freddie Mac. ACE + PDR stands for Automated Collateral Evaluation and Property Inspection Waiver with Power of Attorney (ACE + PDR). So buckle up as we dive deeper into this valuation option offered by Freddie Mac.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. Keep reading to understand the new guidelines and what they mean for the mortgage industry. Keep reading to understand the new guidelines and what they mean for the mortgage industry. What is a desktop appraisal? Desktop appraisal meaning and definition.

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Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

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Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. Despite its roots in a methodology designed to support appraisers, Value.

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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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Clear Capital

AUGUST 30, 2023

Reno, NV – August 30, 2023 – Clear Capital , the national real estate valuation technology company, today announced a partnership with LenderX , a leading real-estate valuations SaaS provider, to deliver its lenders access to AURA , Clear Capital’s automated collateral underwriting solution.

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AmeriMac

DECEMBER 30, 2023

Lastly, we will compare REO appraisals to home inspections and answer whether they are mandatory for all property transactions. Mortgage lenders rely on these appraisals to determine the value of fundamental estate-owned properties, directly impacting loan amounts for refinancing.

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Genworth MI Blog

JULY 13, 2023

There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. Thus, the parties conducting each part of the appraisal, inspection vs. research, are completed by two different people instead of one.

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Clear Capital

FEBRUARY 21, 2024

By reducing the volume of required data, UDC streamlines the collection process for inspection-based valuation and delivers UPD-compliant data, removing complexities and making property data collection review and underwriting easier and more efficient for mortgage lenders.

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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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McKissock

JANUARY 22, 2021

A major selling point for completing hybrid or bifurcated appraisals is that the appraiser will save a good deal of time by not inspecting the property, not taking photos of comparable sales, and not sitting in traffic. Thus, is it realistic to believe that a credibly developed appraisal can now be completed in 30 minutes?

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Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. You can read more about property inspection waivers in a past article I wrote.

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