Housing Wire
DECEMBER 8, 2021
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. 2020 and 2021 easily each have over 6.2 million new and existing home sales combined.
Appraisal Buzz
DECEMBER 8, 2021
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. We’ll be getting the inside scoop while they discuss the differences between the appraisal processes in Spain versus in the States.
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Housing Wire
DECEMBER 8, 2021
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 increase was mainly driven by the refinance index up 9% from the previous week on a seasonally adjusted basis. Concurrently, the purchase index decreased 5% from the week prior.
Appraisal Buzz
DECEMBER 8, 2021
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. The integration enables wholesale lenders to provide fast and accurate scenario quotes to mortgage brokers in a high-volume call center sales process. Oaktree Funding, a wholesale mortgage lender in Upland, Calif., is the first client to use the integration, OptifNow says in a release.
Housing Wire
DECEMBER 8, 2021
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 you’re on this call, you are part of the unlucky group,” Garg said nonchalantly in a video that was leaked to the internet. “Your employment is terminated effective immediately.”. A day after the layoffs, the CEO publicly claimed that the company’s former employees were “stealing” from the company and its customers by being unproductive.
Appraisal Buzz
DECEMBER 8, 2021
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. The report seems to confirm that homeowners, even those who sought forbearance protection during the COVID-19 pandemic, seem to be performing well on their mortgage loans.
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Appraisal Buzz
DECEMBER 8, 2021
Fannie Mae has completed the issuance of $100 billion of green multifamily mortgage-backed securities (MBS). For more than 10 years, the company’s flagship multifamily green financing program supports more sustainable and affordable housing for residents in properties financed through its Green Building Certification program and Green Rewards, the company’s green property improvement program. “More than a decade ago, we pioneered green housing mortgage finance to make multifami
Housing Wire
DECEMBER 8, 2021
PerfectDocs. PerfectDocs, created by NTC, is the first complete web-based solution that provides both NTC and client users a “share the work” solution. This solution enables the creation and tracking necessary to complete lien release and assignment documents, review, execute, notarize those documents and send those documents to counties for recordation.
Appraisal Buzz
DECEMBER 8, 2021
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. “I look forward to leveraging my diverse background to improve the effectiveness of all our sales channels.” … The post LoanLogics Names New Chief Revenue Officer appeared first on theMReport.com.
Housing Wire
DECEMBER 8, 2021
CARE. 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. Product Fast Facts. #1. 84% of servicers on Sagent said they can service more loans with Sagent than another platform. #2. 82% of servicers on Sagent believe Sagent’s truly real-time data (the only major
Appraisal Buzz
DECEMBER 8, 2021
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. Findings show that while more than half of homebuyers felt prepared before purchasing … The post Survey Shows Homeowners Doubtful Throughout First-Time Experience appeared first on DSNews.
Housing Wire
DECEMBER 8, 2021
ClearCollateral ® Review. ClearCollateral Review is a review system that automates collateral underwriting in compliance with internal credit policies and GSE guidelines. The system centralizes all analytical tools and data required to review an appraisal and leverages machine learning to eliminate manual tasks, improving review quality and reducing the review effort by 50%.
Appraisal Buzz
DECEMBER 8, 2021
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. Capacity’s no-code/low-code platform, accessible through conversational AI, enables human handoffs and intuitive task management via a workflow automation suite, a developer platform and a flexible database that can be deployed anywhere. “The mortgage
Housing Wire
DECEMBER 8, 2021
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. Automation and a rules-based decision engine enable less data entry and rep and warrant relief to help determine proper loss mitigation as well as transparent reporting.
Appraisal Buzz
DECEMBER 8, 2021
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 new MISMO exchange was developed by commercial real estate and technology professionals in response to the need to create a standard structure for sharing property financial operating statement data.
Housing Wire
DECEMBER 8, 2021
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. Appraisers maintain full control so they can deliver USPAP compliant appraisal reports that meet their professional standards while lenders benefit from turn-times cut from weeks to days. Product Fast Facts. #1.
Appraisal Buzz
DECEMBER 8, 2021
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. The Market Composite Index, a measure of mortgage loan application volume, increased 2% on a seasonally adjusted basis from one week earlier.
Housing Wire
DECEMBER 8, 2021
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.
Appraisal Buzz
DECEMBER 8, 2021
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. The post A Ticking Timebomb appeared first on DSNews. The post A Ticking Timebomb appeared first on Appraisal Buzz.
George Dell
DECEMBER 8, 2021
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. In order to fully consider the place of appraisal—we have to look at the entire […].
Appraisal Buzz
DECEMBER 8, 2021
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. Findings show that while more than half of homebuyers felt prepared before purchasing … The post First-Time Homeowners Experience Lack of Confidence in Homebuying appeared first on theMReport.com.
Eyes on Housing
DECEMBER 8, 2021
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). The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory.
Appraisal Buzz
DECEMBER 8, 2021
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.
GoForrmz
DECEMBER 8, 2021
Leverage Signature fields to improve compliance, expedite processing and approvals, and simplify Signature location Whether you need to capture authorizations on work orders and timesheets or you’re a teacher collecting Signatures on permission slips , electronic Signature fields are important to our day-to-day. Fortunately, adding an electronic Signature in the GoFormz online form builder is quick and easy.
Appraisal Buzz
DECEMBER 8, 2021
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.
Urban
DECEMBER 8, 2021
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.
Appraisal Buzz
DECEMBER 8, 2021
Fannie Mae hit a major milestone in 2021 as it has now issued $100 billion in green, multifamily mortgage-backed securities (MBS). The GSE began issuing the MBS 10 years ago to support sustainable and affordable housing for residents in properties financed through its Green Building Certification program and Green Rewards, the company’s green property improvement program.
Valuation Review
DECEMBER 8, 2021
Accurate Group recently announced the acquisition of eMerge Property Solutions, a market leader in supplying broker price opinions and other alternative valuation solutions. Accurate said the acquisition of eMerge enhances and deepens its nationwide broker network and will allow the company to further leverage its property inspection technology. Read on for more details.
Appraisal Buzz
DECEMBER 8, 2021
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. The post Falling Rates Spark Run on Refis appeared first on Appraisal Buzz.
Lamacchia Realty
DECEMBER 8, 2021
The Federal Housing Finance Agency (FHFA) has announced that the baseline conforming loan limit will increase a record 18% to $647,200, which is an increase of $98,950 from $548,250 in 2021. In certain high-cost areas, which is defined as an area where 115% of the median home value is exceeds the baseline conforming loan limit, the limit will now be $970,800.
Valuation Review
DECEMBER 8, 2021
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.
Lamacchia Realty
DECEMBER 8, 2021
Adam Pasciscia , a long-time employee of Lamacchia Realty and 2019 Employee of the Year , was promoted to Field Listing Services Manager earlier this week. Adam is a cherished member of the Lamacchia Realty family and we cannot imagine someone more deserving of this title. While Adam’s title was previously Photographer he has certainly been a jack-of-all-trades.
Valuation Review
DECEMBER 8, 2021
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.
Mashvisor
DECEMBER 8, 2021
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