Mon.Dec 06, 2021

How Tech is Working on the Solution to the Appraiser Shortage 

Appraisal Buzz

The shortage of appraisers within the industry has been well publicized recently and no doubt plenty of you reading this article have experienced the impact of this shortage first hand.

Agents harness the power of social media to generate leads

Housing Wire

When Gogo Bethke began her career in real estate back in 2011, the Romanian immigrant felt like social media was her only option to generate leads and close deals. “I I am not from here, so I had to figure out how to convince strangers to buy or sell a house through me,” Bethke explained. “A

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Cash-Out Refis Make Up Most of the Refi Volume

Appraisal Buzz

Black Knight Inc., has released the latest iteration of it Mortgage Monitor Report which looks at how rising interest rates affect the dynamics of the refinance lending market.

In the race to modernize title, firms double down on software

Housing Wire

Qualia CEO Nate Baker. In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning.

Essent Guaranty Names New President

Appraisal Buzz

Essent Group Ltd. has announced the promotion of Christopher G. Curran to the role of President of Essent Guaranty, Inc., a nationwide provider of mortgage insurance and subsidiary of Essent Group Ltd.

California couple sues appraiser for race discrimination

Housing Wire

A San Rafael, California real estate appraiser is being sued for allegedly undervaluing a home by almost 50% because the homeowners are Black.

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Who’s afraid of the PSPA?

Housing Wire

Stakeholders are divided over whether, in light of proposed changes to its capital rule, the Federal Housing Finance Agency should retool its agreement with the U.S. Treasury and remove policies some say never belonged there in the first place.

Business Executive Frank Martell Appointed to Compass Board of Directors

Appraisal Buzz

Martell provides lead efforts in real estate data, services, and analytics to government agencies, financial institutions, real estate experts, and insurance couriers. The post Business Executive Frank Martell Appointed to Compass Board of Directors appeared first on theMReport.com.

This one practice can help lenders stop losing customers

Housing Wire

Chazz Huston Strategic Alliances Manager, Black Knight Secondary Marketing Technologies. A few months ago, I started shopping for a new car. During this pursuit, I scoped out dozens of automaker and dealer websites to browse a wide variety of makes, models and price points.

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LoanLogics Hires Quinn Thomas as Chief Revenue Officer

Appraisal Buzz

Quinn Thomas has joined LoanLogics , a provider of loan quality technology for mortgage manufacturing and loan acquisition, as chief revenue officer.

ALOFT = “A Lack of Freaking Talent”

Appraiserblogs

When I read the announcement that Fifth Wall funded a relatively new startup called ALOFT, I and many of my peers were confused on what the value proposition actually is.

How Many Americans Are Wanting to Relocate?

Appraisal Buzz

New examines U.S. fall migration trends. Which cities are catching American homebuyers’ attention—and why? The post How Many Americans Are Wanting to Relocate? appeared first on theMReport.com. The post How Many Americans Are Wanting to Relocate? appeared first on Appraisal Buzz. Around The Web

6 Things That Terrify Appraisers

JMV Lending

Here are a few things that really scare appraisers. Unusual Properties. Unusual properties include those with acreages, odd structures (e.g.

How Many Americans Are Wanting to Relocate?

Appraisal Buzz

New examines U.S. fall migration trends. Which cities are catching American homebuyers’ attention—and why? The post How Many Americans Are Wanting to Relocate? appeared first on theMReport.com. The post How Many Americans Are Wanting to Relocate? appeared first on Appraisal Buzz. Around The Web

JLL exec outlines EPC due diligence

Valuation Review

Earlier, Valuation Review reported JLL Valuation Advisory hiring of Dennis Firestone as senior vice president/premier client accounts in its Environmental and Property Condition (EPC) team.

Ben Schweitzer Joins GPARENCY as Chief Product Officer, Co-Founder

Appraisal Buzz

Ben Schweitzer has been named to serve as GPARENCY ’s chief product officer and co-founder.

Presenters outline important ‘keys’ for appraisers

Valuation Review

October Research, LLC produced a webinar hosted by Valuation Review called “Keys for Operational Efficiency.

A Keen Eye

Appraisal Buzz

It’s critical to correctly value distressed assets as they come out of foreclosure. Ken Dicks shares his perspective with DS News this month. The post A Keen Eye appeared first on DSNews. The post A Keen Eye appeared first on Appraisal Buzz. Around The Web

Veteran appraiser: Realtors are professionals too

Valuation Review

Dustin Harris, “The Appraiser Coach,” in a recent blog entry discusses appraisers crossing paths with other professionals in the business. These people include, specifically, real estate agents, and those individuals not being happy with appraisers. Read on to learn more

Tappable Equity Reaches All-Time High, Black Knight Reports

Appraisal Buzz

The Data & Analytics division of Black Knight Inc. has released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets.

Lender closes condominium project loan

Valuation Review

Bloomfield Capital announced the closing of a $4 million mezzanine construction loan on a condominium development in Portland (Maine) burgeoning Munjoy Hill neighborhood. The completed four-story property will feature 45 units over a below grade garage

Homeownership Remains Key Asset to Americans’ Bottom Line

Appraisal Buzz

Homeownership continues to serve as the primary source of wealth accumulation for most middle-class households, according to a new report. The post Homeownership Remains Key Asset to Americans’ Bottom Line appeared first on DSNews. The post Homeownership Remains Key Asset to Americans’ Bottom Line appeared first on Appraisal Buzz. Around The Web

Homebuyer bidding war rate drops to 2021 low

Valuation Review

In September, 59 percent of home offers written by Redfin agents faced competition, a record low for 2021, according to a recent Redfin report. That’s down from a revised rate of 60.8 percent in August and a peak of 74.3 percent in April. September marked the fifth-straight month of declines

Strong Housing Market Boosts Overall Household Wealth

Appraisal Buzz

New study finds the median net worth of U.S. households rose 17.6% from 2016-2019. The post Strong Housing Market Boosts Overall Household Wealth appeared first on theMReport.com. The post Strong Housing Market Boosts Overall Household Wealth appeared first on Appraisal Buzz. Around The Web

TAF awards grant to AI

Valuation Review

The Appraisal Foundation’s Board of Trustees awarded a Pathway to Success Grant to the Appraisal Institute for the development of a Practical Applications of Real Estate Appraisal program. The competitive grant application was reviewed, scored, and recommended for approval by a team representing foundation trustees, sponsoring organizations, and the Appraiser Qualifications Board

Refis Reduce Mortgage Payments by $1.3B a Month

Appraisal Buzz

Black Knight Inc., has released the latest iteration of it Mortgage Monitor Report which looks at how rising interest rates affect the dynamics of the refinance lending market. According to Black Knight Data & Analytics President Ben Graboske, historic refinance activity during the pandemic resulted in essentially tens of billions of dollars in economic stimulus. “The The record low interest rate … The post Refis Reduce Mortgage Payments by $1.3B a Month appeared first on DSNews.

Is this the solution for new agents' lack of experience?

Mortgagebroker News

A new BC-based brokerage is taking an educational approach that addresses the problems faced by many new agents

The Boston Globe Names Lamacchia Realty a Top Place to Work for 2021

Lamacchia Realty

Waltham, MA – Lamacchia Realty has been named one of the Top Places to Work in Massachusetts in the 14th annual employee-based survey project from The Boston Globe.

Is Canada in a housing bubble?

Mortgagebroker News

Former CMHC chief on frothy market conditions

“Reducing bias is the new gold standard for appraisals” session

Clear Capital

Video source: HousingWire. There are two significant issues in our industry right now — appraisal bias and insufficient capacity to meet volume demand. Both of these issues accelerate the importance of appraisal modernization. What is appraisal modernization?

Toronto home sales – what's happening?

Mortgagebroker News

Decline in new listings shows demand continues to outstrip supply

[Video] How Balmain & Co. Accelerates Warranty Claim Processing with Online Forms

GoForrmz

Discover how Balmain & Co streamlines the collection of client warranty claims with online forms and the Procore integration Balmain & Co, a Melbourne-based developer and builder, needed a more efficient means of collecting and processing warranty claims for their buildings’ apartment owners.

BC market sees its second strongest November ever

Mortgagebroker News

A monthly sales increase at this time of the year is atypical, local real estate association says

Passive Income vs Active Income: Real Estate Strategies

Mashvisor

Whatever method you use to earn money, your earnings will fall into two groups: passive income or active income. Furthermore, while you may have heard these two terms before, many… Investment Strategies Investor Blogs Passive Investments Property Finder Real Estate Tips Rental Strategies