Housing Wire

OCTOBER 18, 2021

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. Sandra Thompson, acting director of the FHFA, said both Fannie Mae and Freddie Mac will allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans starting in early 2022.

Appraisal 527

Appraisal Appraisal Process Valuation Mortgage 527

Sacramento Appraisal Blog

OCTOBER 18, 2021

Let’s talk about Zillow. I’ve been getting a TON of questions every week about what Zillow is doing and whether appraisers can use their purchases as comps. Big news: First off, yesterday news broke that Zillow would be suspending buying anything else until 2022. Based on articles and a few conversations with locals in the […].

Appraisal 373

Appraisal Investors Marketing 373

Housing Wire

OCTOBER 18, 2021

I’ve been hearing some chatter lately that the uptick in home buying that started in February of 2020 (before COVID, by the way) and has continued into 2021 is being substantially driven by a national emotional state of fear of missing out (FOMO). Now, I understand emotional eating (me, plus Halloween, plus a big bowl of Reese’s Peanut Butter Cups for instance) and even emotional buying (still whittling down hand sanitizers).

Housing Market 494

Housing Market Marketing Real Estate 494

Appraisal Buzz

OCTOBER 18, 2021

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Many stakeholders in the profession have given their opinions on what that means. But the one place that no one seems to be looking towards is the actual practitioners themselves.

Modernization 370

Modernization Valuation Appraisal Training 370

Housing Wire

OCTOBER 18, 2021

Forbearance declined across the board this week as government agencies and industry stakeholders chart a path out of forbearance and into loss-mitigation. The total number of loans still in forbearance was down 34 basis points from 2.62% of servicers’ portfolio volume the prior week to 2.28% the week ending Oct. 10, 2021, per the latest report from the Mortgage Bankers Association.

Government 391

Government Investors Finance Design 391

Appraisal Buzz

OCTOBER 18, 2021

Boosted by a positive employment report, the number of homeowners in forbearance plans dropped yet again this week to 2.28% of U.S. households. The post Forbearance Update: Declining Volumes as Agreements Expire appeared first on DSNews. The post Forbearance Update: Declining Volumes as Agreements Expire appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Appraisal Buzz

OCTOBER 18, 2021

Roostify , a digital technology provider in home lending, has launched the Roostify Document Intelligence (RDI) Service for lenders, the first available service on its API platform, to instantly process and contextualize mortgage-related documents utilizing machine learning. Buying a home requires a borrower to submit substantial and detailed paperwork to support the loan application, making the current manual process cumbersome, error-prone, expensive and difficult to scale.

Mortgage 195

Mortgage Lending Technology Appraisal 195

Housing Wire

OCTOBER 18, 2021

MLS Technology Holdings, LLC , a joint venture formed by four of the nation’s largest MLSs, has acquired real estate technology company Remine Inc., according to an announcement made on Friday. The joint venture was incorporated on Oct. 4 by the Austin Board of Realtors’ ACTRIS MLS , First MLS in Atlanta, Heartland MLS in Kansas City and Miami Realtors’ MLS.

Realtors 352

Realtors Technology Real Estate Lending 352

Appraisal Buzz

OCTOBER 18, 2021

During a time of year that typically sees a noticeable slow down, houses are still selling at a blistering pace with the average house selling within 22 days of hitting the market. This is up from the 15 days houses were selling within over the summer. Largely fueled by a lack of supply (down 5.9% over the last six weeks and … The post The Average House Now Sells Within 22 Days appeared first on theMReport.com.

Appraisal 195

Appraisal Marketing 195

Housing Wire

OCTOBER 18, 2021

ICE Mortgage Technology, a global provider of data, technology and market infrastructure, recently announced that Encompass eClose, its end-to-end eClose solution, is expanding its hybrid capabilities to now include full eNote and eVault functionality. In advance of that announcement, HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with ICE Mortgage Technology President Joe Tyrrell to talk about what it actually means to digitize the closing process.

Technology 323

Technology Lending Agents Mortgage 323

Appraisal Buzz

OCTOBER 18, 2021

Boosted by a positive employment report, the number of homeowners in forbearance plans dropped yet again this week to 2.28% of U.S. households. The post Number of Loans in Forbearance Plummets by 34 Basis Points appeared first on DSNews. The post Number of Loans in Forbearance Plummets by 34 Basis Points appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

OCTOBER 18, 2021

Servicers are facing a number of challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner. CoreLogic DigitalTax Platform offers a very effective way of navigating through these challenges. It employs modern technology that receives and transforms data insights from both tax agencies and client servicing systems.

Modernization 281

Modernization Clients Technology Business 281

Appraisal Buzz

OCTOBER 18, 2021

Black Knight has announced that it has expanded its offerings to include home care from Househappy, an all-in-one application that enables homeowners to digitally track home maintenance information and schedule repairs and services from a list of pre-approved, vetted contractors. Househappy is being integrated into Black Knight’s Servicing Digital platform, which is an interactive web and mobile solution that provides customized data about a customer’s mortgage … The post Black Knight Int

Appraisal 195

Appraisal Mortgage 195

Housing Wire

OCTOBER 18, 2021

Snapdocs, a digital closing platform, recently announced that it is building Snapdocs eVault, a solution for the secure creation, storage and transfer of eNotes and other digital mortgage documents. In advance of that announcement, HW+ Managing Editor Brena Nath had the opportunity to catch up with Snapdocs Founder and CEO Aaron King at MBA Annual to talk more about eVault and what digital mortgages could look like in three to five years.

Mortgage 280

Mortgage Technology Lending Development 280

Appraisal Buzz

OCTOBER 18, 2021

Black Knight has announced that it has expanded its offerings to include home care from Househappy, an all-in-one application that enables homeowners to digitally track home maintenance information and schedule repairs and services from a list of pre-approved, vetted contractors. Househappy is being integrated into Black Knight’s Servicing Digital platform, which is an interactive web and mobile solution that provides customized data about a customer’s mortgage … The post Black Knight int

Appraisal 195

Appraisal Mortgage 195

GoForrmz

OCTOBER 18, 2021

“ Where we are today as a company is completely different from where we were prior to GoFormz – our employees and customers are extremely happy with the platform. ” — Timo Möller, General Manager, Indrutec Indrutec. Challenge: Indrutec frequently battled with illegible print and missing documentation, resulting in delayed customer invoices.

Clients 154

Clients Business 154

Appraisal Buzz

OCTOBER 18, 2021

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents and settlement agents, has acquired Georgia-based software firm LBA Ware. The strategic transaction, SimpleNexus’ first, brings together 325 employees in 29 states to serve 425 distinct lender customers and dozens of mortgage technology integration partners.

Tools 195

Tools Business Real Estate Agent Loan Officers 195

GoForrmz

OCTOBER 18, 2021

Digital childcare forms expedite daycare enrollment processes and enhance data collection Eliminate administrative burdens and elevate the onboarding process of new parents and children with digital childcare forms. Adding these top five features to your digital forms is easy and introduces new efficiencies and opportunities to your teams – check out the features we’ve highlighted below and incorporate them into your digital childcare forms today.

Business 128

Business Clients 128

Appraisal Buzz

OCTOBER 18, 2021

Purchase volume will increase 9% to reach $1.73 trillion in 2022 due in part to home builders bringing more inventory online, while refinance volume will plummet 62% to $860 billion due to rising mortgage rates, the Mortgage Bankers Association (MBA) forecasts. As a result, total origination volume will reach $2.59 trillion in 2022 – a 33% decline from this year.

Housing Market 195

Housing Market Mortgage Marketing Inventory 195

Valuation Review

OCTOBER 18, 2021

Earlier, Valuation Review brought you news of Incenter Appraisal Management’s new technology titled RemoteVal to further assist appraisers. We caught up with company President Mark Walser, who shared more ideas about what lies ahead for appraisers and lender designated users. Read on for more of our conversation.

Valuation Review 78

Valuation Review Appraisal Valuation Design 78

Appraisal Buzz

OCTOBER 18, 2021

Economists have found that more new construction and a rise in listings should lead to a deceleration in price growth, and an increase in purchases next year. The post Purchase Originations in 2022 Expected to Rise 9% appeared first on DSNews. The post Purchase Originations in 2022 Expected to Rise 9% appeared first on Appraisal Buzz.

Construction 150

Construction Appraisal 150

Valuation Review

OCTOBER 18, 2021

In 2021, many Appraisal Institute exams are available though this format, and in 2022, all other exams will soon follow.

Appraisal 78

Appraisal 78

Appraisal Buzz

OCTOBER 18, 2021

While originations are expected to remain solid, the MBA expects refis will further slow next year, decreasing by 62% to $860 billion from $2.26 trillion in 2021. The post Mortgage Origination 2022 Forecast to Hit $2.59T appeared first on theMReport.com. The post Mortgage Origination 2022 Forecast to Hit $2.59T appeared first on Appraisal Buzz.

Mortgage 150

Mortgage Appraisal 150

BiggerPockets

OCTOBER 18, 2021

If you’re frustrated trying to find a rental property investment that generates solid cash flow, you’re not alone. Properties that cash flow are hard to find right now! But don’t […].

Investing 78

Investing Real Estate 78

Appraisal Buzz

OCTOBER 18, 2021

CoreLogic , a global property information, analytics and data-enabled solutions provider, has completed its acquisition of all outstanding shares of ClosingCorp. . ClosingCorp is a partner to major participants in the housing ecosystem providing intelligence and digital solutions that streamline the quoting and ordering of critical settlement services needed to originate and service a home loan, eliminating friction, cost and risk.

Appraisal 195

Appraisal 195

BiggerPockets

OCTOBER 18, 2021

Amber Porter has one of the most optimized retirement plans we’ve ever seen. Seriously, she could give Mindy and Scott a run for their money! Amber grew up in a […].

77

77

Appraisal Buzz

OCTOBER 18, 2021

New announcement will expand eligibility for the GSE’s refi programs for low- and moderate-income borrowers, and revise desktop appraisal mandates. The post FHFA Advances Two Measures for Housing Sustainability and Affordability appeared first on DSNews. The post FHFA Advances Two Measures for Housing Sustainability and Affordability appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Valuation Review

OCTOBER 18, 2021

Anchor Loans, the nation’s leading provider of financing to fix-and-flip entrepreneurs, announced that its total originations have passed the $10-billion mark. This makes the company the first fix-and-flip lender to achieve this milestone, according to Anchor Loans.

Finance 60

Finance 60

Appraisal Buzz

OCTOBER 18, 2021

Members of the Mortgage Bankers Association (MBA) are holding their annual convention in San Diego this week and the opening day was accompanied by the usual flurry of press releases including forecasts from the association’s economists for the coming year. The projections, from Mike Fratantoni, Chief Economist and Senior Vice President for Research and Industry Technology; Joel Kan, Associate Vice President of Economic and Industry Forecasting; and Marina Walsh, CMB, Vice President of Ind

Technology 150

Technology Appraisal Mortgage 150

Valuation Review

OCTOBER 18, 2021

In its September Insights Report, mortgage advisory firm STRATMOR Group points to data that shows this year will be one of the biggest years for industry mergers and acquisitions activity (M&A). In “Mortgage Industry Consolidation: Fact, Fiction or Frenzy?” David Hrobon, STRATMOR Group principal and former chairman and CEO of Wintrust Mortgage, connects the dots between industry profitability and M&A activity.

Mortgage 60

Mortgage 60

Lamacchia Realty

OCTOBER 18, 2021

Paul J. Cervone has officially qualified for the prestigious distinction of President’s Club ELITE by surpassing $26,000,000 in sales volume! 2021 has been a busy year for Paul and his business. He qualified for the 2021 President’s Club in August , and he has continued to work hard to achieve this next impressive milestone of ELITE status!

Realtors 67

Realtors Clients Realty Real Estate 67

Valuation Review

OCTOBER 18, 2021

Clear Capital completed the acquisition of CubiCasa, a Finland-based proptech startup. Through this acquisition, Clear Capital will empower CubiCasa to expand its revolutionary mobile technology that automates floor plan sketch creation and digitizes property data collection. Read on for more information.

Technology 60

Technology 60

East Coast Appraisal

OCTOBER 18, 2021

Accurate home appraisals benefit both property buyers and sellers. Appraisals help buyers to get mortgage approval and avoid overpaying for their houses. On the other hand, sellers avoid underselling their homes. Below are two common approaches to property appraisals. 1. The Sales Comparison Approach. The sales comparison approach determines the house's value based on the prices of similar houses that others have recently sold in the area.

Property Appraisal 52

Property Appraisal Appraisal Architecture Construction 52

Valuation Review

OCTOBER 18, 2021

A new Zillow research finds most home buyers still tour homes in person and don't waive inspection contingencies. The housing market is historically hot with record home price appreciation and limited inventory, but the typical buyer submitted only two offers in 2021, and only about 1 in 10 waived an inspection. Read on to learn more.

Housing Market 78

Housing Market Buyers Inspection Marketing 78