Tue.Aug 31, 2021

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What to expect next from today’s hot housing market?

Housing Wire

It’s the current, not the waves, that will propel longstanding changes in the American housing market, said Logan Mohtashami , HousingWire’s lead analyst. How much housing is built and sold; who pays for those units; and how Americans ground their lives in what and where they live: these forces are rooted in societal and family culture and largely impervious to surface turmoil.

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Fires, multiple offers, & new flooring

Sacramento Appraisal Blog

It’s been a heavy week around here and I have a few things on my mind. Let’s talk about the fires, the new norm of fire season, and then I have some fresh stats to share. Fire rampage: It’s been a brutal week in Sacramento. I think so many locals feel deflated as we watch […].

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US home price growth hit record level in June

Housing Wire

With little inventory, home-price growth in the U.S. hit a record high in June, rising 18.6% from the same period last year, according to the S&P CoreLogic Case-Shiller Index. June marked the highest annual rate of home price growth since the index debuted in 1987, beating out the 16.8% annual growth rate logged the month prior, in May 2021. “While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper

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Phone Apps for Productivity

The Appraiser Coach

I’m big on technology. One of my most used pieces of technology is my smartphone. I wanted to share with you some of the apps that I use all the. Read More.

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Fintech product showcase

Housing Wire

Technology is important in digitizing the mortgage process, but what’s more important is effective coordination between all parties. Lenders need to be able to connect with borrowers, as well as other housing professionals, with ease. The problem with technology is that many people work across different systems, which can create a fragmented mortgage ecosystem.

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Fewer Investors Buying Homes; Price Records Continue; Rates Drift Higher

Appraisal Buzz

In a report released on Monday, CoreLogic recaps investor activity in the housing market over the last decade. Its Investor Homebuying Report highlights purchase trends nationally by both investor size and the price tier of property purchased between 2011 and 2020. The report says, at the beginning of this period, in 2011, the country “had recently reemerged from the 2006* housing market crash,” and foreclosed properties were flooding the market.

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More Trending

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Protected: Incenter Appraisal Management Launches RemoteVal™, Addressing One of the Largest Lending Roadblocks

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: Incenter Appraisal Management Launches RemoteVal™, Addressing One of the Largest Lending Roadblocks appeared first on Appraisal Buzz.

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Trapeze for Mortgage Automation from SoftWorks AI converts documents to data with accuracy and speed

Housing Wire

For an automation solution to deliver what it promises, it needs to be built with domain expertise – not just in AI but also in the processes that it’s automating. SoftWorks AI’s Trapeze for Mortgage Automation is where mortgage and AI expertise meet. Trapeze is a purpose-built solution designed to streamline different aspects of the mortgage lifecycle, from origination to post-close review, by converting documents to data with extreme accuracy and speed.

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Homeowners Opting Against Refinancing

Appraisal Buzz

Different demographics cite varying concerns about remortgage options, according to a survey of borrowers and those considering buying a house. The post Homeowners Opting Against Refinancing appeared first on DSNews. The post Homeowners Opting Against Refinancing appeared first on Appraisal Buzz.

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WFG’s MyHome solution brings borrowers on board early on in the real estate process, improving their experience

Housing Wire

Since its founding in 2010, WFG National Title Insurance Company has worked to advance the real estate, mortgage lending and title industries, adding greater efficiency and accuracy to processes and a vastly improved experience for consumers. In a recent industry survey, WFG Enterprise Solutions identified that key concerns throughout this multifaceted industry include: Process inefficiencies Communication, signing and closing issues Data quality.

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Point Amasses $1 Billion+ in New Capital Commitments

Appraisal Buzz

New commitments to Home Equity Investment (HEI) asset class will be deployed over the next two years will benefit homeowners recovering from pandemic-related recession. The post Point Amasses $1 Billion+ in New Capital Commitments appeared first on theMReport.com. The post Point Amasses $1 Billion+ in New Capital Commitments appeared first on Appraisal Buzz.

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EVO appraisal management software from Global DMS lowers collateral risk by instantly reviewing reports

Housing Wire

In today’s mortgage industry, many organizations have a unique real estate appraisal process that fits their exact business model. Unfortunately, most valuation management technologies follow a one-size-fits-all approach, making it difficult for mortgage lenders, credit unions, AMCs and appraisal firms to work together. Global DMS has solved this problem by creating EVO, an all-encompassing appraisal management platform that allows the user to be self-reliant, so they can easily customize the so

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Best Metros for Teachers with Mortgages

Appraisal Buzz

Inland California offers teachers relatively high average salaries combined with lower house prices than other regions, according to a report from Redfin.com, thus, that part of the country is home to five of the most-affordable metropolitan areas for teachers to live in a home of their own. Through analysis of median disposable incomes for teachers in … The post Best Metros for Teachers with Mortgages appeared first on theMReport.com.

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Sagent’s CARE platform sets the tone for consumer-first servicing modernization

Housing Wire

Consumer-First Servicing Modernization: Servicing comprises the vast majority of a customer’s borrowing lifecycle, and Sagent CARE brings the same modern experience borrowers get in the origination space to servicing, where lifetime customer relationships are managed and grown. Borrowers can manage loans and get immediate hardship help from any device.

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Stewart Information Services to Acquire Informative Research

Appraisal Buzz

Stewart Information Services Corporation today announced the signing of an agreement to acquire Informative Research, a leader in providing credit, consumer, and real estate data and technology services. IR serves more than 3,000 customers across the United States and offers a wide range of mission critical solutions through its proprietary platform to streamline the loan … The post Stewart Information Services to Acquire Informative Research appeared first on DSNews.

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Refinitiv Advanced Mortgage Analytics simplifies data processes to give servicers a competitive edge

Housing Wire

Housing professionals are turning to advanced analytics to better understand risk, increase performance and flexibility. The problem is that mortgage data can be difficult to analyze due to its complexity. Refinitiv Advanced Mortgage Analytics (AMA) simplifies the complex data transformation process by emphasizing the ability to manipulate and extract data.

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The 4 Best Ways to Earn More Money as an Appraiser

Appraisal Buzz

Looking for tried-and-true strategies to increase your real estate appraiser income ? Last month, we surveyed our appraisal community to find out, “What’s the BEST way to earn more money as an appraiser?” The top four most popular answers were: 1) adopt technology, 2) upgrade your appraisal license, 3) become a specialist, and 4) build a team to scale your business.

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Annual Home Price Gains Hit Record High in June

Eyes on Housing

In June, national home prices continued to rise at a fast and unsustainable rate. Strong demand and low housing inventory have been driving home prices at double-digit growths for eleven months. All 20 metro areas reported home price increases in June, while 12 of them had an acceleration in home price growth. The S&P CoreLogic Case-Shiller U.S.

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CFPB: Servicers Must Double Their Efforts to Protect At-Risk Borrowers

Appraisal Buzz

Beginning today, the CFPB’s new rule to increase protections over homeowners takes effect, as servicers step up their efforts to assist borrowers in jeopardy of foreclosure. The post CFPB: Servicers Must Double Their Efforts to Protect At-Risk Borrowers appeared first on DSNews. The post CFPB: Servicers Must Double Their Efforts to Protect At-Risk Borrowers appeared first on Appraisal Buzz.

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Spotlight Form: The School Activity Registration Form

GoForrmz

Streamline the collection of student information, parent/guardian permissions, and time-sensitive waivers, with digital forms and online form sharing Digital registration forms and waivers provide educators and school administrators with an efficient, seamless way of collecting student information and parent permissions. K-12 educators can leverage our free Educator’s Edition to easily digitize their existing forms and share them with students, parents, and colleagues to be filled out and submit

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YoY Home Price Surge Recorded in June

Appraisal Buzz

Home prices nationwide grew 18.6% year-over-year in June, reaching a high not seen in 30 years of gauging this metric. The post YoY Home Price Surge Recorded in June appeared first on DSNews. The post YoY Home Price Surge Recorded in June appeared first on Appraisal Buzz.

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The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals. These appraisals present unique challenges, but I’ll […].

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Homebuyer Demand Pushes Price Growth to New Highs in June

Appraisal Buzz

June 2021 marked the third consecutive month in which the growth rate of housing prices set a record according to the latest S&P CoreLogic Case-Shiller report. The post Homebuyer Demand Pushes Price Growth to New Highs in June appeared first on theMReport.com. The post Homebuyer Demand Pushes Price Growth to New Highs in June appeared first on Appraisal Buzz.

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How to Get Back into a Career in Real Estate

McKissock

People move in and out of their real estate careers for a variety of reasons. Some spouses may move to support a partner’s career and choose not to launch in their new market. Some parents may choose to stay at home with their children during their preschool years. Maybe you left to work in a different field, to obtain your college degree, to spend time traveling, or to pursue personal interests.

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FHFA Adds Two Key Execs

Appraisal Buzz

Laura Thrift will lead the Agency as Director of the Office of Congressional Affairs and Communications, and Alexei Alexandrov as Chief Economist. The post FHFA Adds Two Key Execs appeared first on theMReport.com. The post FHFA Adds Two Key Execs appeared first on Appraisal Buzz.

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76 Eye-Opening Questions to Ask a Potential Property Manager

BiggerPockets

Real estate investors interested in building wealth by acquiring property and holding it for long-term rentals will be well served to find a good property manager. But with hundreds of management companies out there, how can investors find the good ones?

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Phone Apps for Productivity

Appraisal Buzz

I’m big on technology. One of my most used pieces of technology is my smartphone. I wanted to share with you some of the apps that I use all the … Read More. The post Phone Apps for Productivity appeared first on Appraisal Buzz.

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14 Common Apartment Repairs Every Landlord Should Prep For

BiggerPockets

As much as we wish all rentals stayed in tiptop shape forever, this is not the case. And as a landlord, a vital job is to maintain the property and fix things when they break. Here's 14 repairs to expect.

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Survey: Most Borrowers Have Not Refinanced

Appraisal Buzz

Despite low mortgage rates, relatively few homeowners have acted on an option that could save $100s per month—here is why. The post Survey: Most Borrowers Have Not Refinanced appeared first on theMReport.com. The post Survey: Most Borrowers Have Not Refinanced appeared first on Appraisal Buzz.

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It’s time to finally revamp your work from home situation!

Berkshire Hathaway

Many of us are still working from home, and for some, work from home has become a permanent feature. So, it’s time to make a real home office, or if you already have, it’s time to make it more functional. Working from home can have its pros and its cons but a key to making it mostly pros is creating an environment you can succeed in. Here are some tips on how to make your home office not only a space you enjoy being in, but also a space that you can be productive in: Choose your location wisely…

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Rookie Podcast 109: From Sleeping in His Car to Multi-Unit Landlord & The “Nomad” Strategy

BiggerPockets

Nick Cooley was driving through Texas as part of his medical device sales job. At the time, he didn’t have much money on him. He pulled over to fill up […].

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How has Canadians’ housing and economic confidence been shaping up?

Mortgagebroker News

The shifts over the past few weeks have been significant, according to latest polling by market observers

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Condo Spotlight: Spire – An Inspiring Achievement on Many Levels

Will Springer Realtor

Seattle’s streets can sometimes lead to an end point with space small enough for only a tiny business or park. This sandspit of terrain usually cannot accommodate a house let alone a high-rise. That’s why it was intriguing to see a 41-story condominium spring from the ground on a triangular-shaped lot where Denny Way meets 6 th Avenue and Wall Street.

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CWB Financial Group announces latest results

Mortgagebroker News

The group reports robust performance in its third-quarter and year-to-date results

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