Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. It originated about $36 billion in mortgages during the first half of the year, according to Inside Mortgage Finance.

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Valuation Retail Mortgage Inventory 329

Housing Wire

OCTOBER 13, 2021

billion worth of mortgages from July to September, up 5% from the previous quarter and up 43% year-over-year, the bank announced on Wednesday. Mortgage fee and related income came in at $596 million, up from the $548 million JPMorgan Chase generated in the second quarter. JPMorgan Chase originated $46.1 billion for the third quarter.

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Supply Chain Mortgage Retail Valuation 281

Housing Wire

FEBRUARY 11, 2021

Online retail lender loanDepot raised just $54 million by offering 3.9 The downsized offering follows a theme that’s afflicted almost all of the nonbank mortgage originators that have gone public in the last year. LoanDepot, the second-largest retail-focused IMB in the country, had initially planned to raise about $362.5

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Retail Real Estate Agent Finance Mortgage 398

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

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Lending Mortgage Sellers Technology 405

Housing Wire

FEBRUARY 18, 2022

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs. What about AVMs?

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Appraisal Process Appraisal Valuation Renovations 352

Housing Wire

AUGUST 16, 2021

United Wholesale Mortgage CEO Mat Ishbia has set the goal of topping arch-rival Rocket Mortgage by 2024. The wholesale-only lender originated $59 billion in mortgages in the second quarter, generating $139 million in net income, UWM disclosed in its earnings report on Monday. UWM, which originated $182.5

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Development Mortgage Retail Business 392

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

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Real Estate Realty Lending Mortgage 370

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

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Real Estate Development Appraisal Contracts 303

Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

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Home Value Valuation Mortgage Real Estate 69

Housing Wire

OCTOBER 1, 2020

Though he wouldn’t comment on recent r eports that he is raising $100 million in capital at a $4 billion valuation , Better.com CEO Vishal Garg had no qualms on Thursday in outlining his vision for an eventual public debut. “So, I’m proud to say that Better’s customers are funding our growth.”

Retail 322

Retail Tools Business Valuation 322

Appraisal Buzz

AUGUST 1, 2022

Furthermore, an appraiser may need to provide additional information in the valuation of a complex property wherein the issues of what is physically possible, legally permissible, financially feasible, and maximally productive are explored in much greater detail, to enable the client and intended users to understand the report properly.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

SEPTEMBER 23, 2021

A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial public offering, closed thousands of loans without proper documentation. billion in 2019 to $4.3

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Development Retail Law Mortgage 100

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. Lanham, 20/20 Valuations, and loanDepot.com, U.S. District Court, Maryland.

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Appraisal Contracts Business Construction 79

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Fannie has been upfront about its interest in developing appraisal “alternatives.”

Appraisal 89

Appraisal Real Estate Valuation Contracts 89

Appraisal Today

APRIL 19, 2024

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. There are 12 principal forms used for a mortgage origination appraisal. Mortgage applications increased 3.3

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Appraisal Valuation Contracts Design 70

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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Appraisal Inspection Modernization Business 72

Appraisal Today

AUGUST 18, 2023

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

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Appraisal Contracts Inspection Real Estate 77

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

JUNE 16, 2023

NOTE: Please scroll down to read the other topics in this long blog post Non-lender appraisals, ROVs, appraisal business, unusual homes, mortgage origination stats, etc. It also describes the risks of deficient residential real estate valuations, whether through omissions, errors, discrimination or lack of information.

Appraisal 77

Appraisal Contracts Design Mortgage 77

Dart Appraisal

APRIL 30, 2021

Since an engagement letter serves the same purposes as a traditional contract, it is crucial to carefully lay out the scope of the engagement, any contingencies that must be addressed, and any compliance specifics that need to be addressed in the development of an appraisal report, completion deadlines, and compensation arrangements.

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

Housing Wire

FEBRUARY 8, 2024

Intercontinental Exchange (ICE) Mortgage Technology reported an improved adjusted operating income of $193 million in the fourth quarter of 2023, up 98% from one year earlier and fueled by record sales of its loan origination system (LOS) Encompass. Full year mortgage technology revenues were $1.3 billion, up from $1.1 billion in 2022.

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Technology Clients Investing Mortgage 310

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan? The GSE’s have similar policies.

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Some use postal mailings or office visits, such as you did in the mortgage broker days.

Appraisal 74

Appraisal Design Contracts Inspection 74

Appraisal Today

AUGUST 26, 2022

Can I use the cost approach as the primary method of valuation?”. In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Mortgage applications decreased 1.2 Mortgage applications decreased 1.2 Answer: No! To read more, click here.

Appraisal 52

Appraisal Business Contracts Advertising 52

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

Brokerage 364

Brokerage Real Estate Investors Development 364

Appraisal Today

MAY 19, 2023

ChatGPT is an advanced AI language model developed by OpenAI that can be used to streamline the appraisal writing process. My first appraisal job was updating data records for an assessor’s office, converting to computerized valuation in the mid-1970s. The answer is, Yes! Nothing wrong with that. I learned a lot.

Appraisal 52

Appraisal Business Contracts Real Estate 52

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

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Appraisal Real Estate Contracts Reconsideration of Value 70

Property Metrics

AUGUST 13, 2020

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. These factors also cause property valuation to increase. These factors all result in lower property valuations. As interest rates increase, so do the monthly mortgage payments. Interest Rate Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Housing Wire

SEPTEMBER 1, 2021

United Wholesale Mortgage. First Guaranty Mortgage Corporation. First American Mortgage Solutions. DHI Mortgage Company. American Mortgage Network. First Community Mortgage. Freedom Mortgage. Academy Mortgage Corporation. Paramount Residential Mortgage Group Inc. First Option Mortgage.

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Technology Human Resources Finance Retail 297

Appraisal Today

DECEMBER 2, 2022

which can relate to valuation. NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. After graduation he worked for USAA in Real Estate Development. He remembered me from Valuation 2000.

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Appraisal Agents Real Estate Real Estate Agent 83

Appraisal Today

JULY 8, 2022

Mortgage Bankers Association advocated for the proposal. non-lender appraisals, hurricane with and surge risks, unusual homes, mortgage origination stats, etc. =. By Peter Christensen, Founder of Valuation Legal. Mortgage applications decreased 5.4 Mortgage applications decreased 5.4 Appraisal Institute opposed it.

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. In 2021, local developer Stuart Price snapped up the five-bedroom, four-bath home for $2.5

Appraisal 80

Appraisal Construction Contracts Architecture 80

The Robert Weiler Company

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. The mortgage payments, utility fees, and maintenance costs are all on your shoulders. As noted within the beginner tips above, the valuation of a property is a fundamental step in commercial real estate investment.

Investing 138

Investing Real Estate Tenants Investors 138

Appraisal Today

NOVEMBER 10, 2022

Development of value and/or marketability conclusions that are not supported by available market data. NOTE: Please scroll down to read the other topics in this long blog post on barndominiums, liability, declining prices, non-lender marketing, Freddie bad appraisal practices, unusual homes, mortgage origination stats, etc. ==.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

AUGUST 25, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M to develop and report appraisals. August 23, 2023) — Mortgage applications decreased 4.2

Appraisal 79

Appraisal Real Estate Agent Agents Real Estate 79

Appraisal Today

JANUARY 4, 2023

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and non-traditional appraisals, Non-lender appraisals, reos, tear downs, unusual homes, mortgage origination stats, etc. ==. But it means appraisal work for other than refinancing an existing mortgage or applying for a first mortgage loan to purchase a house.

Appraisal 52

Appraisal Contracts Business Development 52

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? What we can expect down the road for the mortgage industry?

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Appraisal Contracts Design Mortgage 64