Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS).

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Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. Top recommended AI application ideas included compliance, underwriting and property valuation.

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Housing Wire

APRIL 20, 2021

With this integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs and appraisers directly through the ICE platform. ICE, which acquired Ellie Mae for $11 billion in 2020, has been a serious player in the mortgage tech space over the last five years — particularly with M&A.

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Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. These additional valuation options will lessen the opportunity for appraisal bias.” Tavant’s approach and Touchless Lending Johnson said she and her team at Tavant are approaching the issue in a few different ways.

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Housing Wire

NOVEMBER 11, 2021

(The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). One of the updates to the program is enhanced value determinations, which will now “use a sales comparison approach” and allow for qualified FHA roster appraisers to perform valuations, the FHA said.

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Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? As a result, non-QM borrowers rely on alternative documentation such as bank statements and assets.

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Housing Wire

OCTOBER 10, 2022

In addition, an exhaustive evaluation of documents and data ensures accuracy and completeness while providing an opportunity to report any inconsistencies, and quality control reviews help reduce risk. With increased federally mandated rules and regulatory scrutiny, mortgage lending operations must abide by standard industry practices.

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Appraisal Buzz

JUNE 7, 2021

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Can’t make the time? Register to receive the full recording in your inbox as soon as it’s over!

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Training Reconsideration of Value Valuation Clients 366

Appraisal Buzz

JULY 11, 2022

Part one of this series on the subject of Appraisal Review provided an overview of the risk management concepts used by many lenders today to manage risk associated with real estate lending. These processes often occur after the loan decision is made, and care must be taken to not impact a prior lending decision.

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Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed.

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Housing Wire

MARCH 2, 2021

For example, the average amount of time it takes to complete the underwriting process is anywhere from a few days to possibly weeks, depending on how many financial records and documents need to be reviewed and the number of staff on hand. HW: How can integrating title and valuation data points alleviate those pain points?

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Housing Wire

FEBRUARY 17, 2022

I am so proud to have played a role in building this purposefully different consumer lending platform with the broadest range of products and services designed to help a diverse consumer base,” Cook said. Finance of America’s valuation at the debut was expected to be $1.9 Presented by: Finance of America.

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Housing Wire

SEPTEMBER 9, 2021

Additionally, a collective 79% would be willing to eSign all or some of their mortgage documents with another 52% stating they would be very willing/willing to conduct their closing via video conferencing (Skype, Zoom, etc.) Phil King is vice president, principal product manager, EXOS Valuations at ServiceLink.

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Appraiserblogs

MARCH 17, 2021

Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. shall provide a property seller with a document, in a form and manner prescribed by the board, informing the property seller of... Related Posts: Bill Prohibiting Discrimination in Appraisals.

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Appraisal Law Legal Property Appraisal 116

Housing Wire

JUNE 11, 2021

An appraisal is a valuation of a property by a third party. Something buyers aren’t aware of is that the appraisal process can take a while, depending on location, geography and the number of appraisers available at a company,” said Anthony Masseria, Vice President and Area Lending Manager at Citi.

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Inspection Appraisal Appraisal Process Buyers 427

Clear Capital

JUNE 14, 2022

We’re excited to announce that property rental data is now available in ClearProp , the lending-grade, industry-leading valuation tool. You can experience at no cost*, ClearProp’s deep rental property and interactive valuation data by registering at portal.clearcapital.com. ClearProp enables data-rich property research .

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Housing Wire

AUGUST 10, 2022

What we had the first half of the year … was a robust market for MSRs as a result of pricing valuation because of the velocity and steepness of the rise in [interest] rates,” Piercy added. Also bolstering UWM’s liquidity are its cash position and warehouse lending lines. The lender’s total MSR portfolio was valued at $3.7

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Market Value Mortgage Valuation Lending 395

Housing Wire

JULY 27, 2022

The technical picture for nonagency RMBS since late last year has been a headwind for valuations year to date,” the Angel Oak white paper states. surging rates and surging volatility), but also a robust new issuance calendar, particularly in the non-qualified [non-QM] mortgage subsector, has further weighed on [MBS] valuations. “Not

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Marketing Investors Mortgage Finance 383

Birmingham Appraisal

AUGUST 23, 2023

Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations.

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Housing Wire

MAY 2, 2021

One of the first steps in determining a property’s value is the use of an Automated Valuation Model (AVM). Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle. With that said, not every AVM is created equal.

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Valuation Home Value Lending Technology 358

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do? That’s what I use.

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

APRIL 6, 2021

How hybrid title and valuations help increase lending efficiency. One appraiser based in one of the hottest housing markets on planet earth – the front range of Colorado – told HousingWire that the most recent sales in any appraisal is important, as is documenting the work done. Streamline by combining services.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Clear Capital

NOVEMBER 28, 2023

If and when these loans are found to contain errors such as missing or incomplete documentation, income-related issues, appraisal quality concerns, or others, the GSEs can pursue a loan repurchase request — “repo” for short. Valuation Confidence Score — This score indicates Clear Capital’s confidence in a valuation’s accuracy.

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McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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Housing Wire

APRIL 20, 2021

Reginald Edwards, Redfin senior economist, said racist housing policies that were outlawed in the 1960s combined with “continuing biases” among homebuyers and housing professionals in parts of the home-buying process — like appraisals and mortgage lending — are keeping Black Americans from building wealth through home equity.

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Home Value Investing Lending Real Estate 469

Walitt Solutions

NOVEMBER 22, 2019

Issues can be from simple one-off human errors that are easily corrected, to organizational weaknesses, such as lack of required procedures, non-compliance with state requirements, and lack of training and documentation. One failure identified recently at an appraisal management company was the lack of training.

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D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Appraisal HOA Easement Valuation 126

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. You may be wondering where in the world I’ve been. Did I go dark? Did I give up on blogging and podcasting? The answer is no.

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Housing Wire

MAY 18, 2021

Responding in this way resulted in a shortage of experience in lending, title and closing processes, which is now a key concern for clients. These programs run the mortgage origination gamut – from valuation and appraisal, to title and closing. Data exchange via systems integration eliminates emails, phone calls and lost documentation.

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Mortgage Training Clients Development 233

Clear Capital

FEBRUARY 12, 2022

Property valuation technology company Clear Capital is venturing into automated image analysis to help modernize underwriting. ” ClearCollateral Review is the company’s automated document review workflow, also a part of its efforts to lessen the lending industry’s dependence on manual underwriting tasks. .”

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Simonson Real Estate

SEPTEMBER 16, 2021

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property. We’d be happy to help.

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Appraisal Appraisal Process Real Property Real Estate 78

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. 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. Valuation for insurance claims.

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Appraisal Inspection Property Taxes Easement 105

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.

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Development Retail Law Mortgage 101

Housing Wire

JULY 28, 2021

An Oakland homeowner says the home valuation process failed her due to the color of her skin, according to a complaint filed with U.S. Kearney’s valuation, the complaint claims, is based on comparing Robinson’s abode to far-flung Black-owned homes in Oakland instead of white-own domiciles in the surrounding neighborhood.

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AmeriMac

NOVEMBER 30, 2023

It plays a significant role in several aspects, from buying and selling to lending purposes. Appraisers gather data on comparable properties, sales comparisons, income approaches, and market conditions to ensure a thorough valuation. It is advised to consult a certified appraiser specializing in appraising apartment buildings.

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Appraisal Real Estate Appraisal Process Inspection 36

CP Home Appraisals

AUGUST 27, 2018

A home inspector’s function is to study the structural, electrical, mechanical & plumbing in a home and document any problems or safety issues. Not at all – an appraisal differs from a house inspection. Why is it vital to have a home appraisal?

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Inspection Appraisal Property Inspector Real Estate 78

Housing Wire

DECEMBER 20, 2021

Homeowners have to document and describe their financial hardship, which has to have occurred after Jan. Mortgage servicers are negotiating uniform procedures and documents with states, so their interactions can be faster when paying borrowers’ debts. Wilen, for example, has an outstanding balance as of Sept.

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Mortgage Government Contracts Insurance 394