Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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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. At the moment, the technology is being piloted internally.

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Tools Appraisal Appraisal Process Real Estate 399

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? This interview has been edited for length and clarity.

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Appraisal Technology Modernization Real Estate Agent 413

Appraisal Buzz

OCTOBER 18, 2021

In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? My solution was to hire and train a few folks that could help me develop and support my workflow and processes. Technology.

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Housing Wire

APRIL 20, 2021

.” From the Mortgage Bankers Association (MBA): “While MBA supports the ongoing development of such tools, MBA also acknowledges the need for appraisers and lenders to provide some level of oversight and due diligence to preserve the overall quality of the data referenced in future valuations.

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Technology Appraisal Valuation Lending 393

Housing Wire

MAY 6, 2024

Launched in November 2023, Sidekick features many functionalities, including real-time market and property data retrieval abilities, valuation analyses and a suite of productivity tools for real estate professionals. “As

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Realtors Real Estate Agents Brokerage 376

Housing Wire

MAY 2, 2021

Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states. NAN’s valuation solutions give lenders the chance to evaluate, select and manage appraisers based on their quality and performance.

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Valuation Appraisal Appraisal Process Technology 196

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

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Technology Landlords Valuation Lending 448

Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Valuation Design Law Insurance 370

Housing Wire

SEPTEMBER 28, 2023

FTC sued ICE earlier this year alleging the two top mortgage technology providers would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools. In parallel, ICE plans to develop its own PPE to provide additional options to lenders and partners, ultimately lowering the cost for the consumer. “We

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Technology Valuation Mortgage Development 377

Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). When announcing the proposed rule, Vice President Kamala Harris weighed in.

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Valuation Appraisal Government Real Estate 365

Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We looked at this as not just an adjustment to the current market climate, but also looking at the current shift that’s happening in the valuation industry.

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Valuation Technology Modernization Appraisal 389

Housing Wire

NOVEMBER 6, 2023

Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.

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Government Training Tools Design 345

Appraisal Buzz

DECEMBER 6, 2021

Instead, tech innovations have started to enter the market with the goal of optimizing the appraisal process by automating key portions of a property’s valuation. A number of them have made strategic acquisitions of related technology platforms over the last few years. In addition, AMCs have been investing heavily in R&D. . .

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Appraisal Appraisal Process Valuation Technology 448

Housing Wire

MARCH 23, 2021

This scarcity catapulted appraisal costs and cycle-times running into three to four weeks in many cases and highlighted the growing need for appraisal modernization, including technological and data-driven solutions and other appraisal alternatives. HW: How and why has appraisal management technology evolved over the past year?

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Appraisal Valuation Inspection Modernization 322

Housing Wire

JANUARY 18, 2023

The quickest way to ensure a faster appraisal process is going to be to learn how to work with valuation providers as partners in the process rather than the way most appraisers feel, adversaries. Technology to support the growing needs of the appraisal department. Technology investments are getting a lot of attention.

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Appraisal Reconsideration of Value Appraisal Process Technology 365

Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. When supported by the right technology, appraisers can substantially reduce their turn times and improve customer service. At Voxtur, we are focused on solving legacy industry issues with technology.

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Appraisal Property Taxes Technology Valuation 392

Housing Wire

MAY 17, 2022

Inco-Check has not only developed proprietary technology to support its clients, it also uses these same tools to provide a highly differentiated service offering, making it a one-stop shop for software and tech-enabled services,” said Michael Detwiler, who partnered with NGC on the acquisition, in a statement.

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Logistics Legal Investors Technology 321

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. Powerful AI tools are already transforming residential real estate and forward-thinking agents are paying attention. However, it was deemed as too challenging technologically so it languished.

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Real Estate Agent Real Estate Agents Tools 370

Housing Wire

SEPTEMBER 6, 2023

Here is just one example among many: Proportunity helps would-be property owners to get a fair and up-to-date valuation of residential real estate. Agents must not fall behind the very same technological advancements that buyers are using to their advantage. That makes AI a part of the team as well, and it ought to be embraced as such.

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Real Estate Agent Real Estate Agents Marketing 361

Housing Wire

MAY 24, 2022

Despite a majority of lending institutions agreeing that adopting new technology for appraisals would be beneficial, survey takers identified several other priorities that were even more important. Lenders also mentioned concerns and roadblocks with adopting new appraisal modernization tools.

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Modernization Appraisal Lending Investing 477

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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Valuation Technology Development Real Estate 238

McKissock

FEBRUARY 24, 2023

Below is a list of five useful appraisal technology webinars available right now in our membership toolkit. If you already have an Unlimited Learning Membership, you can access all of these appraisal technology webinars for free under the “Learning Library” tab in your membership dashboard. Not yet a member?

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Technology Appraisal Tools Real Estate 78

Appraisal Buzz

JULY 11, 2022

Ideally, a customized risk tool that can provide solutions for each and every stakeholder that is nimble enough to adjust for risk tolerances through the lifecycle line of a real estate loan that gives a clear picture of existing and anticipated risks, will achieve optimal results. Quality Assurance: Audit Management Process.

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Tools Appraisal Development Real Estate 195

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

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Valuation Property Appraisal Training Appraisal 91

Appraisal Buzz

JUNE 27, 2022

Class Valuation, McKissock, and DataMaster are hosting a Free webinar on “ Staying Relevant in the Appraisal Industry ” June 28th at 2 pm with Mel Black, Matt Simmons, Jared Preisler, and Lamar Ellis. Lamar: I have over 30 years of real estate valuation experience and hold the Appraisal Institute designations of MAI and SRA.

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Appraisal Inspection Valuation Real Estate 195

McKissock

FEBRUARY 24, 2023

Below is a list of five useful appraisal technology webinars available right now in our membership toolkit. If you already have an Unlimited Learning Membership, you can access all of these appraisal technology webinars for free under the “Learning Library” tab in your membership dashboard. Not yet a member?

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Technology Appraisal Tools Real Estate 52

Housing Wire

SEPTEMBER 25, 2020

billion valuation, CEO Mat Ishbia today unveiled a new tech tool that he claims will bring “game-changing flexibility” to brokers. In an interview with HousingWire, Ishbia said the product has been in development for about a year. It was tested by a few select brokers in recent months.

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Tools Clients Lending Valuation 357

Clear Capital

JUNE 30, 2021

Recursion’s dataset provides a solid foundation for Clear Capital to develop more accurate real estate valuation solutions with minimum delay. Using Recursion’s mortgage big data intelligence, Clear Capital can introduce more accurate and timely property valuation solutions into the marketplace. About Clear Capital.

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Valuation Mortgage Tools Real Estate 69

Appraisal Buzz

FEBRUARY 7, 2022

The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property. There is a long history of technology advances adopted into the appraisal processes. Lenders rely on regulation and policy.

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Appraisal Inspection Development Technology 435

Housing Wire

SEPTEMBER 23, 2021

But in the face of the ongoing epidemic and increasing volume impacting turn times, the industry will need to use technology to remediate these issues. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection.

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Appraisal Inspection Technology Tools 343

Housing Wire

MAY 11, 2021

This is why most automated valuation models (AVM) default to assessing “average” quality and condition. And, as lenders and other AVM users will be pleased to note, they are not the ones who need to do the detective work — CoreLogic automated tools are doing it for them. Difficult, But Not Impossible.

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Valuation Inspection Renovations Appraisal 359

Housing Wire

AUGUST 23, 2022

Like every new process, education, training, and technology are key to success. The lender has greater certainty since a full appraisal is not required, but also technology-enabled property data is being collected to provide transparency for the condition and characteristics of the property for all stakeholders.

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Appraisal Modernization Appraisal Process Technology 325

Appraisal Buzz

JANUARY 24, 2022

Mark Walser : I am a technology and operations executive with 13 years of progressive management in all aspects of AMC operations and technology with various AMCs, and am the President of Incenter AMC. Technology is like water; it seeks its own level. Josh Walitt : Every other technology is a hybrid of some kind.

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Appraisal Inspection Technology Valuation 370

Housing Wire

JUNE 2, 2022

“The way that we like to look at solving that problem is through a click of a button, distributing the loan at an even price to sell that to a cadre of investors,” Al Qureshi, managing partner at Blue Water Financial Technologies , said on Thursday during IMN ‘s third annual Non-QM Forum in California. Scaling is hard.”.

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Lending Investors Mortgage Clients 358

Appraisal Buzz

APRIL 8, 2024

The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. As industries grapple with the challenges of transparency, accuracy, and trustworthiness in valuation processes, blockchain emerges as a beacon of hope.

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Technology Appraisal Valuation Supply Chain 418

Housing Wire

JULY 19, 2021

Shares closed trading at $20.90, giving Blend a valuation of around $4.6 The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. “So, the roadshow was very, very well received.”

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Insurance Investors Technology Real Estate Agent 382