Housing Wire

DECEMBER 7, 2021

The HousingWire award spotlight series highlights the companies that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech100 award are now open through next Friday, December 17, 2021. To submit your company, go here. If there’s anything that lenders and borrowers have learned from the current purchase market it’s that speed and efficiency are key to a smooth closing.

Appraisal 479

Appraisal Marketing Appraisal Process Technology 479

Appraisal Buzz

DECEMBER 7, 2021

PERSON OF THE WEEK: During the past 20 years or more, mortgage lenders have put a strong focus on adopting technologies that automate the origination process and enable a seamless borrower experience. Although it was recognized throughout the industry that most borrowers would need human assistance in the mortgage process, lenders nonetheless were compelled to deliver an all-digital, paperless mortgage process to augment their more traditional sales channels.

Investing 195

Investing Mortgage Technology Appraisal 195

Housing Wire

DECEMBER 7, 2021

The Biden administration announced on Monday that it is looking to expand reporting requirements on all-cash real estate transactions. The announcement came via a U.S. Treasury Department notice seeking public comment on this potential regulation. According to the Biden administration, the aim of this regulation would be to crack down of individuals using the U.S. real estate market to launder money made through illicit activities, which the administration views as a vulnerability in the real es

Real Estate 458

Real Estate Insurance Law Marketing 458

Appraisal Buzz

DECEMBER 7, 2021

PERSON OF THE WEEK: During the past 20 years or more, mortgage lenders have put a strong focus on adopting technologies that automate the origination process and enable a seamless borrower experience. Although it was recognized throughout the industry that most borrowers would need human assistance in the mortgage process, lenders nonetheless were compelled to deliver an all-digital, paperless mortgage process to augment their more traditional sales channels.

Investing 195

Investing Mortgage Technology Appraisal 195

Housing Wire

DECEMBER 7, 2021

More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers. According to the Mortgage Bankers Association ‘s Research Institute for Housing America (RIHA), the number of households missing rent or mortgage payments increased from 5.33 million to 5.43 million between October of 2020 and October 2021.

Landlords 458

Landlords Insurance Government Mortgage 458

Appraisal Buzz

DECEMBER 7, 2021

Fannie Mae reports that U.S. consumers’ attitude toward the economy is on the cynical side, with contrasting feelings on home buying and home-selling conditions. The post Consumers Feel the Economy Is on the Wrong Track appeared first on DSNews. The post Consumers Feel the Economy Is on the Wrong Track appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Appraisal Buzz

DECEMBER 7, 2021

In her new role, Cave will be responsible for leading our implementation team and the overall implementation strategy for our suite of digital lending software. The post OpenClose Names April Cave Director of Implementation Services appeared first on theMReport.com. The post OpenClose Names April Cave Director of Implementation Services appeared first on Appraisal Buzz.

Lending 195

Lending Appraisal 195

Housing Wire

DECEMBER 7, 2021

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act. “Despite SPCPs’ being specifically authorized under [the Equal Credit Opportunity Act], for too long banks have expressed reticence to establish these programs, so

Lending 441

Lending Law Design Government 441

Appraisal Buzz

DECEMBER 7, 2021

A new study has found that 70% of respondents feel the economy is on the wrong track, as economic pessimism hits decade-long-high. The post Overall Housing Sentiment Remains Stable appeared first on theMReport.com. The post Overall Housing Sentiment Remains Stable appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

DECEMBER 7, 2021

The Federal Reserve Bank of New York later this week plans to sell up to $90 million in agency mortgage-backed securities (MBS) now held in portfolio, a small sale, but still an interesting move in the current economic climate. . The MBS asset sale is not indicative of a change in monetary policy on the part of the Federal Reserve, the announcement of the sale states.

Marketing 432

Marketing Supply Chain Finance Tools 432

Appraisal Buzz

DECEMBER 7, 2021

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, has announced that Fannie Mae, a source of financing for mortgages in the U.S., is using AWS to help solve the biggest challenges in housing. Fannie Mae uses the breadth and depth of AWS capabilities, including machine learning, analytics, and high performance and serverless computing to automate processes, enhance IT … The post Fannie Mae Moves To AWS appeared first on DSNews.

Finance 195

Finance Appraisal Mortgage 195

Housing Wire

DECEMBER 7, 2021

Every company has different goals and objectives when it comes to marketing. In my last post, I started to break down HW Media’s findings from a recent survey conducted with SOAR Performance Group to analyze companies’ marketing priorities, tactics and budget allocations for 2022 to get a better insight into other companies and how their organizations compare to their peers.

Advertising 397

Advertising Business Marketing Clients 397

Appraisal Buzz

DECEMBER 7, 2021

Another record has fallen as CoreLogic’s latest Home Price Index (HPI) and HPI Forecast for October 2021 revealed that home prices increased by 18% year-over-year, the highest level seen since the index was started 45 years ago. However, on a monthly basis home prices grew by 1.2% since September; a slower pace than has been seen in recent months. Still, the survey found that … The post Tight Inventory Causes Record Home Price Growth appeared first on DSNews.

Inventory 195

Inventory Appraisal 195

Housing Wire

DECEMBER 7, 2021

In this fun and informative master class exclusively for HW+ members, Experience.com ’s Chief Experience Officer, Brittany Hodak , shares a simple framework every marketing and sales leader can use to design intentional customer journeys, elevating every customer interaction into an experience. No matter what part of the housing industry you fall into, this mastermind will equip you with the information you need to become an experience architect.

Design 397

Design Marketing 397

Appraisal Buzz

DECEMBER 7, 2021

Another record has fallen as CoreLogic’s latest Home Price Index (HPI) and HPI Forecast for October 2021 revealed that home prices increased by 18% year-over-year, the highest level seen since the index was started 45 years ago. However, on a monthly basis home prices grew by 1.2% since September; a slower pace than has been seen in recent months. Still, the survey found that … The post Home Ownership Still a Goal for Most Amid Rising Prices appeared first on theMReport.com.

Appraisal 195

Appraisal 195

The Appraiser Coach

DECEMBER 7, 2021

Are you getting in your own way? Are you limiting your own success because you don’t believe that it is possible to reach your goal? There is a way you. Read More.

Inspection 195

Inspection Advertising Real Estate Agent Government 195

Appraisal Buzz

DECEMBER 7, 2021

Delivering a great customer experience has become more challenging than ever. Stephen Staid of Sourcepoint discusses how to empower call centers and associates with technology that ensures every borrower interaction is a positive one. The post Empowering Call Centers in the Digital Age appeared first on DSNews. The post Empowering Call Centers in the Digital Age appeared first on Appraisal Buzz.

Technology 195

Technology Appraisal 195

GoForrmz

DECEMBER 7, 2021

“ An audit takes a while.so to be able to shave time off of that is pretty valuable for the customer experience. ” — Vladimir Kostovski, Salesforce Consultant, FOR Energy. Challenge FOR Energy had not yet connected their GoFormz account to Salesforce, requiring in-field auditors to re-enter quote information that was already captured within their digital forms.

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Appraisal Buzz

DECEMBER 7, 2021

The chief finding from Fannie Mae’s November National Housing Survey (NHS) was an increase in consumer pessimism. The company says respondents to the right track/wrong track question expressed the most downbeat attitude in 10 years. Seventy percent of those expressing an opinion about the direction of the economy said it was on the wrong track, a 5 point month-over-month increase.

Appraisal 195

Appraisal 195

BiggerPockets

DECEMBER 7, 2021

Out of all of the ways to build wealth through investing, why invest in real estate? Well, there are a lot of different ways to invest in real estate — all of them with real potential.

Real Estate 80

Real Estate Investing Property Management Landlords 80

Appraisal Buzz

DECEMBER 7, 2021

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” To help you out, we’ve put together a list of ten key things you should strive to do well as a property appraiser, plus resources you can use to hone your skills in each area.

Property Appraisal 195

Property Appraisal Appraisal Business 195

BiggerPockets

DECEMBER 7, 2021

Many first-time landlords make critical mistakes when renting out their first units. To help you avoid those types of mistakes, here are five tips for making your first “rent by owner” property a success.

Landlords 77

Landlords Property Management Business Investing 77

Appraisal Buzz

DECEMBER 7, 2021

Commercial and multifamily mortgage delinquencies declined in the third quarter of 2021, according to the Mortgage Bankers Association ‘s (MBA) latest Commercial/Multifamily Delinquency Report. “Commercial mortgage delinquency rates for every major capital source have come down since the early months of the pandemic,” says Jamie Woodwell, MBA’s vice president of commercial real estate research. “With low numbers of loans becoming newly delinquent, much of the declin

Mortgage 195

Mortgage Real Estate Appraisal 195

Hank Miller Team

DECEMBER 7, 2021

Price per square foot is unreliable to value homes. It is without question one of the most quoted "sources" when home values are discussed but it is so flawed that on any level, it cannot stand even the softest of challenges. In fact, price per square foot is so unreliable that it makes automatedvaluation models (think Zestimates) look reliable.

Real Estate Agent 69

Real Estate Agent Real Estate Home Value Design 69

Appraisal Buzz

DECEMBER 7, 2021

Fannie Mae ’s Home Purchase Sentiment Index (HPSI) decreased 0.8 points to 74.7 in November, as consumers expressed not only disparate views of homebuying and home-selling conditions but also their greatest economic pessimism in 10 years. Overall, four of the index’s six components decreased month over month. In November, 74% of respondents reported that it’s a good time to sell a home, compared to the 29% of consumers who reported that it’s a good time.

Appraisal 195

Appraisal 195

Lamacchia Realty

DECEMBER 7, 2021

We are thrilled to announce that Kate Perrine has officially qualified for the 2021 President’s Club ELITE. This is an outstanding achievement for any REALTOR® as qualifying requires achieving 50 completed transactions in one year. Having qualified for her first-ever President’s Club in July of 2021 and THEN reaching ELITE status in the same year is unheard of!

Realty 74

Realty Tools Realtors Agents 74

Appraisal Buzz

DECEMBER 7, 2021

Andria Thomas has joined FinLocker , offering next-generation, digital, consumer-permissioned financial fitness tools, in the newly created position senior vice president, product. Thomas brings a wealth of experience in consumer product management and product strategy to FinLocker. She joins FinLocker from Capital One where she led product development for CreditWise, a B2C credit score monitoring and improvement tool used by tens of millions since 2014.

Tools 195

Tools Development Appraisal 195

Lamacchia Realty

DECEMBER 7, 2021

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for November 2021! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! November 2021 Winners of the Top 10 for the Company are: Amy Bisson joined the Lamacchia Realty Worcester office in the Summer of 2021.

Realtors 74

Realtors Realty Real Estate Clients 74

Appraisal Buzz

DECEMBER 7, 2021

Record high home prices have not phased many people, as half of survey respondents say that owning a home is still a major goal. The post Homeownership Still a Goal for Most Despite Rising Prices appeared first on theMReport.com. The post Homeownership Still a Goal for Most Despite Rising Prices appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

McKissock

DECEMBER 7, 2021

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” To help you out, we’ve put together a list of ten key things you should strive to do well as a property appraiser, plus resources you can use to hone your skills in each area.

Property Appraisal 64

Property Appraisal Appraisal Clients Business 64

Appraisal Buzz

DECEMBER 7, 2021

A criminal London Inter-Bank Offered Rate (LIBOR) rate-setting conspiracy that implicated major international banks has resulted in the Consumer Financial Protection Bureau (CFPB) finalizing a rule to transition away from the LIBOR interest rate index for all consumer financial products starting in 2022. The rule establishes how creditors must select replacement indices for existing LIBOR-linked consumer loans starting April 1, 2022.

Appraisal 195

Appraisal 195

BiggerPockets

DECEMBER 7, 2021

There are times when debt is harmful, and there are other times in which debt can provide exciting wealth-building opportunities. .

Real Estate 78

Real Estate Investing 78

Appraisal Buzz

DECEMBER 7, 2021

Realtor.com® has predicted the top housing markets for 2022. Due to an increase in demand, housing markets in smaller cities have skyrocketed caused by an increase in remote work throughout the pandemic. Housing demand is now being affected by a wave of influx to cities outside popular metropolitan areas. After examining relevant factors such as … The post Top 10 Housing Markets Project Price Increases in 2022 appeared first on theMReport.com.

Housing Market 195

Housing Market Marketing Appraisal 195

BiggerPockets

DECEMBER 7, 2021

Do you ever feel out of place as an employee? The W2 route isn’t for everyone and maybe you’ve started to feel the entrepreneurial itch. So what steps do you […].

Real Estate 66

Real Estate 66