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Re-thinking property tax reporting can help meet lenders’ need for speed

Housing Wire

With the increasing “need-for-speed” at which the lending community moves, keeping up is a constant task that never gets any easier. In 2019, for example, one national lender reportedly spent $100 million to develop a digital platform that could originate and close transactions in eight days. Digitizing Property Tax Reporting.

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How to reduce appraisal turn times and improve the borrower experience

Housing Wire

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. For appraisers, we have developed an end-to-end, encrypted, AI-driven platform to streamline scheduling, manage payments, and facilitate direct, real-time communication between stakeholders.

Appraisal 393
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10 Types of Non-Lending Appraisal Work to Pursue this Year

McKissock

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below.

Lending 99
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Mr. Cooper exits reverse servicing space with sale to MAM

Housing Wire

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Cooper announced the initiation of the Champion sale, the company also announced that it completed the sale of title insurance and settlement services provider Title365 to digital lending software company Blend Labs, Inc.

Mortgage 393
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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Renovation loan assessments.

Appraisal 105
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When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. An army of door-knockers. The company said the share of borrowers ghosting them is a minority, but declined to provide a figure.

Law 370
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Square footage: Ask three professionals, get three different answers.

Padove Appraisal Service

Tax assessors use square footage as a means of calculating an equitable taxation amount for the property. Tax assessors disclose “Total Building Area” in their public tax records. Padove Appraisal Service is a full service residential appraisal company serving the entire Philadelphia metropolitan area.