Wed.Dec 08, 2021

Will we start 2022 with all-time lows in housing inventory?

Housing Wire

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy.

Red Sky is Hiring Residential Staff Appraisers

Appraisal Buzz

At U.S. Bank, we’re passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country’s most respected, innovative and successful financial institutions.

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Mortgage applications are up, on the strength of FHA refis

Housing Wire

Mortgage applications increased 2% for the week ending Dec. 3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday.

The Appraisal Process in Spain

Appraisal Buzz

In today’s Buzzcast, we dive into the appraisal process in Spain and what we can learn and take away from their methods. Today we have Joan Trice, Founder of Allterra Group, LLC., and Juan Fernandez Aceytuno of the Sociedad de Tasación.

Better.com’s CEO apologizes, but the fallout continues

Housing Wire

Vishal Garg, CEO of Better.com. In the span of three minutes, 900 Better.com employees were fired via Zoom by the company’s CEO Vishal Garg last week. “If If you’re on this call, you are part of the unlucky group,” Garg said nonchalantly in a video that was leaked to the internet.

OptifiNow Builds Custom Integration with LoanScorecard for Non-QM Wholesale Lender

Appraisal Buzz

OptifiNow , a provider of custom CRM solutions for the mortgage lending industry, has announced an integration with LoanScorecard, a provider of non-agency automated underwriting systems.

More Trending

CoreLogic: Home Price Appreciation Slowed in October

Appraisal Buzz

home prices increased 1.3% in October compared with September and were up 18% compared with October 2020, however, the rate of appreciation slowed, according to CoreLogic ’s home price index.

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Pension fund withdraws insider trading lawsuit against Dan Gilbert

Housing Wire

A pension fund in Detroit has withdrawn a lawsuit filed only two weeks ago that accused Rocket Companies Chairman Dan Gilbert of insider trading.

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Soft Landing from Pandemic Could Mean Less Inventory, Higher Prices; Lower Rates Boosted Refis

Appraisal Buzz

Black Knight’s Mortgage Monitor for the month of October looks at current delinquency statistics and their potential downstream effects on inventory and other housing concerns.

December 2021 Demo Day: Sagent

Housing Wire

Sagent’s CARE consumer platform links a bank-on-your-phone experience for borrowers with seamless human care from servicers. With CARE, Sagent brings the same modern experience borrowers get in the origination space to servicing, where lifetime customer relationships are managed and grown.

Fannie Mae Issues $100B in Green Bonds

Appraisal Buzz

Fannie Mae hit a major milestone in 2021 as it has now issued $100 billion in green, multifamily mortgage-backed securities (MBS).

December 2021 Demo Day: Clear Capital

Housing Wire

ClearCollateral ® Review. ClearCollateral Review is a review system that automates collateral underwriting in compliance with internal credit policies and GSE guidelines.

Falling Rates Spark Run on Refis

Appraisal Buzz

Overall mortgage application volume is on the rise, and with rates just above the 3% mark, refinances led purchase apps in a market still hamstrung by supply concerns. The post Falling Rates Spark Run on Refis appeared first on theMReport.com.

December 2021 Demo Day : Incenter Appraisal Management

Housing Wire

RemoteVal. RemoteVal is a powerful new remote appraisal inspection tool takes all the time and labor-saving promise of remote valuations and makes it real.

Fannie Mae Attains Milestone with Green MBS Issuance

Appraisal Buzz

Fannie Mae has completed the issuance of $100 billion of green multifamily mortgage-backed securities (MBS).

December 2021 Demo Day: Freddie Mac

Housing Wire

Resolve. An integrated default management platform that delivers real-time workout decisions to Servicers. The tool provides a user interface and direct connection via API technology.

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LoanLogics Names New Chief Revenue Officer

Appraisal Buzz

LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, announced Quinn Thomas has joined the company as CRO. “I’m delighted to be joining such a vibrant and talented team at LoanLogics,” Thomas said.

December 2021 Demo Day: Avanze

Housing Wire

STACX. STACX- our in-house post-closing solution that simplifies and fast-tracks the entire process to help you move loans more confidently to the secondary market. STACX is a SaaS solution that leverages AI, OCR and ML to support mortgage lenders and servicers by creating an automated workflow solution and customized checklists that enables you to have an improved auditing process and sell more loan packages with higher accuracy at ease. Product Fast Facts. #1.

Survey Shows Homeowners Doubtful Throughout First-Time Experience

Appraisal Buzz

Hippo, a home insurance group harnessing real-time data, smart home technology, and a growing suite of home services, announced new findings from its 2021 Homeownership Report. The survey of U.S. homeowners explored how confident homeowners are, and feel, about managing their homes.

Is Appraisal Obsolete (The Process)?

George Dell

Process: Current appraisal practices are controlled by the quirks of each ‘valuation’ industry: appraisal by obsolete assumptions of data difficulty, AVM ‘automated’ models by industrial secrecy, and other non-appraiser products which are under-regulated or over-regulated — depending on original intent.

Capacity Releases Support Automation Platform for Mortgage Companies

Appraisal Buzz

Capacity , an AI-powered support automation platform, has debuted a streamlining and digitizing solution specifically tailored to the mortgage industry. Capacity customers are closing loans 11 days faster than the national average of 47 days.

Construction Job Openings Surge

Eyes on Housing

The labor market continues to tighten, especially for the construction industry. The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000).

MISMO Works to Standardize Property Financial Statement Data Exchange

Appraisal Buzz

MISMO , the real estate finance industry’s standards organization, is seeking public comment on a proposed standard which will facilitate a more accurate and efficient exchange of commercial financial operating statement data. The 90-day comment period starts runs through March 8, 2022.

The Confusion Over How to Measure a Home

Hank Miller Team

Size matters. It matters because you live in that space, you pay for and tax on that space, and you maintain that space. One day, you’ll sell that space. Size matters so you better understand how it’s determined…because many in the real estate industry don’t.

MBA Weekly Survey Shows Increase in Mortgage Applications

Appraisal Buzz

Mortgage applications increased 2% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending December 3, 2021. The previous week’s results included an adjustment for the Thanksgiving holiday.

Racial Homeownership Rates Vary across the Most Commonly Cited Datasets. When and Why Should You Use Different Ones?

Urban

Without a common understanding of the differences between data sources, the size of the racial homeownership gap will be unclear, and we can’t begin closing it

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A Ticking Timebomb

Appraisal Buzz

While flood damage is estimated to increase by 61% over the next 30 years, rates of flood insurance coverage lag behind—a mounting threat for property owners. Natascha DeVries, VP, Account Management at ServiceLink National Flood examines this impact.

Commercial firm announces acquisitions

Valuation Review

BBG recently announced it acquired Tampa-based appraisal firm Trigg, Catlett & Associates. Terms of the deal were not disclosed. Read on for more details about this acquisition

First-Time Homeowners Experience Lack of Confidence in Homebuying

Appraisal Buzz

Hippo, a home insurance group harnessing real-time data, smart home technology, and a growing suite of home services, announced new findings from its 2021 Homeownership Report. The survey of U.S. homeowners explored how confident homeowners are, and feel, about managing their homes.

Accurate Group announces acquisition

Valuation Review

Accurate Group recently announced the acquisition of eMerge Property Solutions, a market leader in supplying broker price opinions and other alternative valuation solutions.

Home Prices Expected to Continue Climb in 2022

Appraisal Buzz

As the days grow shorter and the year draws to a close, the real estate market is heading full-steam into 2022 and bringing record high prices with it. Looking ahead to 2022, Zillow has released a list of predictions about what one could expect in the near future after seeing a record-setting year in housing that shows no signs of slowing. As a whole, Zillow’s economists expect 2022 … The post Home Prices Expected to Continue Climb in 2022 appeared first on theMReport.com.

Guaranty Home Mortgage selects AI-cloud for document automation

Valuation Review

Paradatec, a provider of AI-based document classification and data extraction technology for mortgage loan processing, announced Guaranty Home Mortgage Corp. has selected Paradatec’s AI-Cloud for document processing and indexing

2021 Best in Valuation Providers

Appraisal Buzz

Get to know the companies operating at the forefront of this important aspect of the housing and mortgage lifecycle, including Black Knight, Global DMS, PCV Murcor, Radian Valuation Services (Provided by Red Bell Real Estate, LLC), and USRES. The post 2021 Best in Valuation Providers appeared first on theMReport.com. The post 2021 Best in Valuation Providers appeared first on Appraisal Buzz. Around The Web

SitusAMC subsidiary launches risk management, insurance programs

Valuation Review

Securent, a newly formed provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities stakeholders, launched its insurance operations. A subsidiary of SitusAMC, Securent’s loan defect insurance protects primary and secondary mortgage participants against risk associated with defects introduced in the loan manufacturing process