Housing Wire

DECEMBER 20, 2021

DocMagic announced on Monday the rollout of eDecision , a fully automated platform that it said will significantly expand the level of analysis applied to e-eligibility determination for eClosings. The automated loan document preparation and eMortgage services provider claims the new platform delivers a clear-cut, highly accurate decision telling users exactly how far they can take their closing digitally based on the unique attributes of the loan transaction and the county-level eRecording acce

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Appraisal Buzz

DECEMBER 20, 2021

Federal regulators require banks to prepare documentation that fully explores their response to potential market forces that could put stress on their institutions or the broader economic system. Rarely do sub-processes of mortgage loan origination have the opportunity to undergo similar stress tests. That changed in March 2020 when the COVID-19 virus struck.

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Housing Wire

DECEMBER 20, 2021

The venture-backed title company Doma announced the expansion of its Doma Intelligence platform to Washington, Utah, Maine, Tennessee, Mississippi and Kentucky on Monday. This brings the platform’s coverage to approximately 83% of the U.S. residential real estate market based on gross written premiums. “These additional markets take us closer to our goal of providing nationwide coverage with the Doma Intelligence platform,” Max Simkoff, CEO of Doma said in a statement.

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Appraisal Buzz

DECEMBER 20, 2021

Steve Lemon has joined Deephaven Mortgage as senior vice president, national head of wholesale sales. Lemon brings more than 25 years of success to his new position, including 10 as executive vice president, wholesale division at non-agency lender New Century Mortgage and five more as a director at Avelo, where he was responsible for client acquisition, sales and support for its prime jumbo conduit.

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Housing Wire

DECEMBER 20, 2021

Two federal regulators said on Monday that they will double down on scrutiny of mortgage servicers, following complaints of housing rights violations made by military families and veterans. In a joint letter, the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) said they are watching to ensure mortgage servicers fully comply with federal laws.

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Landlords Mortgage Law Legal 401

Appraisal Buzz

DECEMBER 20, 2021

After the challenges of landing a home in 2021, millennials and first-time buyers head into Q1 of 2022 set to land the home of their dreams. The post First-Time Buyers Willing to Overpay for Home of Their Dreams appeared first on theMReport.com. The post First-Time Buyers Willing to Overpay for Home of Their Dreams appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 20, 2021

After the challenges of landing a home in 2021, millennials and first-time buyers head into Q1 of 2022 set to land the home of their dreams. The post First-Time Buyers Willing to Overpay for Dream Homes appeared first on theMReport.com. The post First-Time Buyers Willing to Overpay for Dream Homes appeared first on Appraisal Buzz.

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Buyers Appraisal 195

Housing Wire

DECEMBER 20, 2021

Jeffrey Wilen. The Covid-19 pandemic hit Jeffrey Wilen and his family hard. In July 2020, he lost his job as an editor at a consulting firm for spa professionals. By that point, his wife, fearing infection, had already decided to resign as a part-time assistant teacher to stay home with their three kids. It took Wilen, 49, about two months to get a new job.

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Mortgage Government Contracts Insurance 359

Appraisal Buzz

DECEMBER 20, 2021

DocMagic Inc. , a provider of fully compliant loan document preparation, automated regulatory compliance and comprehensive eMortgage services, has rolled out eDecision, a solution that expands the level of analysis applied to e-eligibility determination for eClosings. The result is a decision that tells users precisely how far they can take a digital closing based on the unique attributes of the loan transaction – all the way down to county-level eRecording acceptance. eDecision is powered by.

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Appraisal 195

Housing Wire

DECEMBER 20, 2021

Last year’s unique market conditions created unprecedented profitability for most lenders. But now, as the strong refinance volume of 2020 and 2021 drops industry-wide, lending businesses find themselves at a crossroads: How will they manage the impact of fixed expenses until the next injection of loan volume? While all lenders confront this question, smaller players that don’t have other resources, scale or channels to offset losses bear the brunt of compression.

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Marketing Technology Lending Business 327

Appraisal Buzz

DECEMBER 20, 2021

Redfin has found that recent spikes in inflation have forced rental prices in upwards of 21% nationwide over last year’s findings. The post Rents on the Rise in November appeared first on DSNews. The post Rents on the Rise in November appeared first on Appraisal Buzz.

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Appraisal 195

Eyes on Housing

DECEMBER 20, 2021

Nonfarm payroll employment increased in 43 states in November compared to the previous month while seven states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 210,000 in November, following an upwardly revised increase of 546,000 jobs in October. On a month-over-month basis, employment data was strong in.

Construction 94

Construction Marketing 94

Appraisal Buzz

DECEMBER 20, 2021

Many Americans are seeking rentals instead of purchases after being shut out of the for sale market, leading to a rise in both demand and prices. The post Inflation Reigns Over Rental Market appeared first on theMReport.com. The post Inflation Reigns Over Rental Market appeared first on Appraisal Buzz.

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Marketing Appraisal 195

GoForrmz

DECEMBER 20, 2021

Check out our year in review and discover the most popular GoFormz blogs of 2021 And just like that, 2021 is coming to an end. From growing our incredible team to announcing powerful Template Editor optimizations, new partnerships, and integrations, it’s been a big year for GoFormz. Check out the top blogs of 2021 below: Free Form Download: The Digital Health Assessment Form Discover the fields and features that can streamline health assessments and screenings for your workplace and team.

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Appraisal Buzz

DECEMBER 20, 2021

Veteran software engineer and IT expert added to team of service lenders to implement and improve the mortgage experience. The post Baiju Thakkar Appointed CTO of Synergy One Lending appeared first on theMReport.com. The post Baiju Thakkar Appointed CTO of Synergy One Lending appeared first on Appraisal Buzz.

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Valuation Review

DECEMBER 20, 2021

Valuation Review concludes its coverage of the “Addressing Bias in Real Estate & Promoting Fair Housing” session conducted at the 2021 Appraisal Summit conference from Las Vegas. Certified Residential Appraiser Melissa Bond and the Appraisal Subcommittee Executive Director Jim Park shared their thoughts and perspectives on what is a highly talked about subject.

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Appraisal Buzz

DECEMBER 20, 2021

Fannie Mae jumped up its forecast for real GDP on a Q4/Q4 basis this week, revising it from 4.8 percent in last month’s report to 5.5 percent. The company’s economists said they believe this strength partially reflects a pulling forward of growth from 2022, so their estimate for next year has been revised downward by a half point to 3.2 percent.

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Appraisal 195

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms. Recent data from the Pew Research Center found that at the end of the fourth quarter of 2020, the rate of American households that owned their own home increased to around 65.8%.

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Mortgage Sellers Buyers Finance 74

Appraisal Buzz

DECEMBER 20, 2021

The outlook for full-year 2021 economic growth was revised upward to 5.5%, an improvement of 0.7 percentage points compared to last month’s projection, due primarily to stronger-than-anticipated consumer spending and inventory investment data, according to the December 2021 commentary from the Fannie Mae ’s Economic and Strategic Research (ESR) Group.

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Lamacchia Realty

DECEMBER 20, 2021

Lamacchia Realty announced a significant hiring initiative at its recent company updates. As of December 2021, the company is opening up 18 new positions. This is on top of Lamacchia’s already large staff of 75 people. This influx of open roles is due to the exponential growth of services and tools the company provides for its REALTORS® and their clients.

Realty 72

Realty Realtors Human Resources Development 72

Appraisal Buzz

DECEMBER 20, 2021

In a time of struggle, helping your customers get their finances back on track after mortgage forbearance may create customers for life. . The post Aiding in the Return to Normalcy appeared first on DSNews. The post Aiding in the Return to Normalcy appeared first on Appraisal Buzz.

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Finance Appraisal Mortgage 195

Valuation Review

DECEMBER 20, 2021

Real estate investors bought a record 18.2 percent of the homes during the third quarter of 2021, up from a revised rate of 16.1 percent in the second quarter and 11.2 percent a year earlier, according to a Redfin report. Investors bought a record 90,215 homes in the third quarter, up 10.1 percent from the second quarter.

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Appraisal Buzz

DECEMBER 20, 2021

ProTitleUSA has completed an acquisition of document preparation and recording firm, DocSolution Inc., by Charles A. Brown and Associates PLLC. The new company will continue operating under DocSolutionUSA LLC dba DocSolution Inc, subsidiary of ProTitleUSA with the same staff in place, located in Pasadena, Texas. “We’re excited to join the ProTitleUSA family and implement the best-in-class technology in our company to dramatically increase production volume while maintaining the highest level of

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Technology Appraisal 195

Valuation Review

DECEMBER 20, 2021

The Mortgage Bankers Association’s Builder Application Survey showed mortgage applications for new home purchases decreased in October 2021 compared with last year but increased compared with September 2021. Not including any adjustment for typical seasonal patterns, the applications decreased 15.2 percent year-over-year, and increased 6 percent month-over-month.

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Mortgage 60

Appraisal Buzz

DECEMBER 20, 2021

Doma Holdings Inc. has expanded its Doma Intelligence closing platform into the states of Washington, Utah, Maine, Tennessee, Mississippi and the Commonwealth of Kentucky, bringing its total coverage of the U.S. residential real estate market to approximately 83% based on gross written premium. Doma’s customers includes bank and non-bank mortgage lenders.

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Technology Mortgage Real Estate Appraisal 195

Valuation Review

DECEMBER 20, 2021

ClearValue Consulting, a provider of enterprise-class vendor management technology for the mortgage industry, announced a partnership with ValueScape Analytics. This partnership allows artificial intelligence technology usage to enhance ClearValue Consulting’s CLARITY appraisal review engine.

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Technology Appraisal Mortgage 60

Appraisal Buzz

DECEMBER 20, 2021

CHARLOTTE, N.C. — December 16, 2021 — Deephaven Mortgage today announced an alliance with Incenter Appraisal Management to give Non-Agency/Non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans. Deephaven will provide brokers with Incenter Appraisal Management’s RemoteVal technology, which reduces appraisal turn times from weeks to days, without compromising the integrity of the process.

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Appraisal Mortgage Technology Appraisal Process 195

Valuation Review

DECEMBER 20, 2021

Reps. Ron Kind (D-WI) and Vern Buchanan (R-FL) have introduced bipartisan legislation, the Middle-Class Mortgage Insurance Premium Act of 2021, to expand eligibility for and make permanent a deduction for mortgage insurance (MI) premium payments. In 2006, Congress enacted legislation allowing a deduction for MI premium payments, and although this provision has been extended due to its importance to middle-class homeowners, it currently remains temporary.

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Appraisal Buzz

DECEMBER 20, 2021

Joint letters issued to mortgage servicers and landlords will provide military families coming out of pandemic-related forbearance plans with increased protections. The post CFPB and DOJ Warn Servicers to Protect Military Borrowers appeared first on DSNews. The post CFPB and DOJ Warn Servicers to Protect Military Borrowers appeared first on Appraisal Buzz.

Landlords 150

Landlords Appraisal Mortgage 150

Valuation Review

DECEMBER 20, 2021

At the 2021 Appraisal Summit in Las Vegas, Valuation Review attended the session “Creating an Agile Appraisal Workflow” featuring panelists from Clear Capital. Executive Vice President of Corporate Strategy Kenon Chen and Chief Appraiser John Brenan outlined technology that can advance the appraiser’s workload. Read on for more from this session.

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Appraisal Buzz

DECEMBER 20, 2021

Fannie Mae’s ESR Group found that, despite the nation’s solid economic finish to 2021, inventory and inflation will dampen the housing forecast in 2022. The post Short Supply and Affordability to Constrict Housing Market in 2022 appeared first on DSNews. The post Short Supply and Affordability to Constrict Housing Market in 2022 appeared first on Appraisal Buzz.

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Housing Market Marketing Inventory Appraisal 195

Mortgagebroker News

DECEMBER 20, 2021

From fresh funding to a rebranding and expansion across Canada, Pineapple co-founder and CEO Shubha Dasgupta catches CMP up on what’s been a stellar 12 months for the company

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Appraisal Buzz

DECEMBER 20, 2021

Fannie Mae forecasts an end-of-year surge to drive home sales upward, followed by supply challenges to begin the New Year. The post Home Sales Growth Projected to Hit 7.1% in 2021 appeared first on theMReport.com. The post Home Sales Growth Projected to Hit 7.1% in 2021 appeared first on Appraisal Buzz.

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Appraisal 195

Assurance Financial

DECEMBER 20, 2021

If you’re wondering when you should downsize your home, understand that it may be a lengthy process. While everyone’s timeline looks different based on their situation, downsizing involves a multistep process: Downsizing your possessions. Preparing your home to sell. Selling your home. Finding and moving into a new house. If you have more space than you need, would like to save some money or plan to travel more, downsizing could be a great step to help you reach your goals.

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Mortgage Renovations Buyers Investing 69