Tue.Apr 05, 2022

article thumbnail

Massive home price appreciation set to slow as sellers return

Housing Wire

Home price appreciation in February climbed 20% over the previous year, marking the 12th month of consecutive double-digit gains , according to figures released Tuesday by real estate analytics firm CoreLogic. Although low inventory continues to drive up prices, CoreLogic ’s forecast suggests home appreciation should finally hit its stride and slow down to about 5% in the coming year , according to a news release from the company. .

Sellers 446
article thumbnail

Scott Peterson’s house & raging price growth

Sacramento Appraisal Blog

I have two things on my mind today. Scott Peterson’s house hit the market. And price growth has been raging so far in 2022. Let’s talk about this. Think Like an Appraiser Class: I’m teaching my favorite class on April 28 from 9am-12pm. We’ll talk through choosing comps, making adjustments, and lots of practical scenarios. […].

Appraisal 410
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Black Knight is exploring a sale: report

Housing Wire

Top mortgage lending software and analytics provider Black Knight is exploring a sale following takeover interest from several private equity firms, according to a report from Bloomberg. The Jacksonville, Florida-headquartered firm hasn’t decided whether it would be sold or remain independent, unnamed sources told the financial news publication.

Lending 401
article thumbnail

When Doing a Job Right Doesn’t Mean Doing it Yourself

The Appraiser Coach

One Saturday morning, I found myself in front of the computer, punching numbers. While I was sitting there, staring at my screen, willing this task to end, I had a. Read More.

article thumbnail

In volatile market, Angel Oak sets 30-day rate lock period

Housing Wire

Atlanta-based non-QM wholesale lender Angel Oak Mortgage Solutions has updated its rate lock policy to a 30-day lock period due to the fast-rising interest rates landscape. “Angel Oak, along with the rest of the non-QM industry, has been forced to make rapid adjustments to ensure liquidity during this highly volatile market,” a company spokesperson told HousingWire. .

Marketing 401
article thumbnail

Roxana Davidoff: CRM is All About Good Communication

Appraisal Buzz

PERSON OF THE WEEK: When it come to home transactions, fast and efficient communication between the various parties involved is critical. The challenge to achieving fast and efficient communication, however, is to get everyone on the same platform – or at the very least, getting everyone to agree which platforms are going to be used. This is also important when considering that the different parties involved in a home transaction – from real estate.

More Trending

article thumbnail

Pinnacle Bank Implements SimpleNexus Mortgage Operations Solution

Appraisal Buzz

Georgia-based Pinnacle Bank has implemented nCino company SimpleNexus ’ Nexus Vision to support optimization of the bank’s mortgage operations with turnkey business intelligence (BI). Founded in 1934, Pinnacle is a community bank with $2 billion in total assets and a loan portfolio of $1.18 billion. “Nexus Vision provides tactical, up-to-date reporting that helps our mortgage sales and operations managers run the business more efficiently and spot bottlenecks sooner,” states Bill Corbet, preside

Mortgage 195
article thumbnail

RealTrends 500: Compass, eXp take top honors in 5-year movers by sales volume

Housing Wire

Compass once again comes out on top in the 2022 RealTrends 500 brokerage rankings , with a $237 billion increase in sales volume over the last five years — 2017-2021, ranking No. 1 of the Top 5-Year Movers by Sales Volume. An analysis of the top five-year movers by sales volume shows the big national brands took the top five spots. This ranking shows the firms that had the largest increase in sales volume between 2017 and 2021. eXp Realty was No. 2 and had the second highest five-year increase i

Brokerage 391
article thumbnail

MCT Names New National Sales Director

Appraisal Buzz

Mortgage Capital Trading, Inc. (MCT), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales and centralized lock desk services, announced today that Ben Itkin has been appointed the new National Sales Director. Itkin will leverage his hands-on experience from his previous senior role as Managing Director to now lead … The post MCT Names New National Sales Director appeared first on DSNews.

Appraisal 150
article thumbnail

CFPB adds two cents on Wells Fargo class action lawsuit

Housing Wire

The Consumer Financial Protection Bureau chimed in on an appeal to the McCoy vs. Wells Fargo Bank case, arguing that a borrower should be able to get information about their loan from their loan servicer. The CFPB filed its amicus brief on Monday, in a class action lawsuit before the Ninth Circuit Court of Appeals, alleging that Wells Fargo flouted its obligations to answer questions about two loans it serviced in 2020.

article thumbnail

PPDocs, Full Skope Integrate Loan Origination Platform Capabilities

Appraisal Buzz

PPDocs , a document service provider to the real estate industry for over 30 years, and loan origination platform creator Full Skope have integrated their two platforms, PPDocs and SkopeLend Loan Origination System. It will make it simpler for banks and credit unions to originate loans via SkopeLend LOS. PPDocs provides mortgage document preparation as well as compliance and regulatory support across all 50 states, with turn times of 2-3 hours for full-service loans and.

article thumbnail

ICE’s Joe Tyrell on how the pandemic transformed home buying

Housing Wire

HousingWire Editor in Chief Sarah Wheeler was able to catch up with Joe Tyrell, president of ICE Mortgage Technology, during ICE Experience in Las Vegas. Tyrell shared his takeaways on ICE’s latest borrower insights survey, which explored how COVID-19 impacted home buying. The study found that the pandemic “permanently and drastically changing the way borrowers use technology and what they expect from a lender.

article thumbnail

After the Pause

Appraisal Buzz

As COVID-19 foreclosure and eviction stays lapse in New York, Mikelle V. Bliss and Margaret J. Cascino of McGlinchey Stafford explain what servicers and landlords operating in the Empire State need to know. The post After the Pause appeared first on DSNews. The post After the Pause appeared first on Appraisal Buzz.

Landlords 150
article thumbnail

RealTrends 500: Keller Williams brokerages take 6 of the top 10 spots in 5-year movers

Housing Wire

Keller Williams Realty in Portland, Maine grew 751% in sales volume percentage over the last five years — 2017-2021, ranking No. 3 of the Top 5-Year Movers by Sales Volume Percentage. The 2022 RealTrends 500 brokerage companies are breaking records. An analysis of the top five-year movers by sales volume percentage shows Keller Williams office take six of the top 10 spots.

Brokerage 381
article thumbnail

Auction Homes Provide Gateway to Homeownership

Appraisal Buzz

ServiceLink recently released its 2022 State of Homebuying Report, highlighting the effects of low housing inventory and how high home prices are leading the next generation of buyers to consider alternative paths to homeownership. The report examines generational trends among recent homebuyers, their sentiments toward alternative paths to homeownership, and the role technology plays throughout the … The post Auction Homes Provide Gateway to Homeownership appeared first on DSNews.

Inventory 150
article thumbnail

How one eClose solution can save lenders up to 70 minutes per loan

Housing Wire

HousingWire Editor in Chief Sarah Wheeler was able to catch up with Stephanie Durflinger, senior vice president of product strategy at ICE Mortgage Technology, during ICE Experience in Las Vegas. Durflinger shared her key takeaways on the results of ICE’s hybrid eClose return on investment (ROI) study. The study found that ICE’s eClose solution could save lenders up to 70 minutes per loan and cut down the time to close by 2.3 days. .

Agents 400
article thumbnail

Eliminating Bias in Appraisals

Appraisal Buzz

Appraisals can be a stressful process for any buying or selling a home and there are many reasons why an appraisal would be undervalued or overvalued. Water intrusion, cracks in foundations, or termites are all things that can tank an appraisal, but what if your race comes into play? A recent analysis from Fannie Mae … The post Eliminating Bias in Appraisals appeared first on DSNews.

Appraisal 150
article thumbnail

RealTrends 500: Two firms saw quadruple digit growth over last 5 years

Housing Wire

The 2022 RealTrends 500 rankings offer a unique inside view of the top brokerage firms in the country. An analysis of the top five-year movers by transaction side percentage show some familiar companies at the top. This ranking shows the firms that had the largest percentage increase in closed transaction sides between 2017 and 2021. Compass (2,025% growth in sides from 2017 to 2021), eXp Realty (1,342%) and RE/MAX Precision in Ankeny, Iowa (498%) take the top three spots in the RealTrends Top F

Realty 380
article thumbnail

[Webinar] Getting Started With GoFormz

GoForrmz

Learn to navigate the GoFormz platform, create your first Template, fill out your first digital form, share forms, and more! Whether you’re new to GoFormz or simply need a refresher, check out this quick ‘Getting Started with GoFormz’ webinar to learn how to: Create your first digital form Template Fill out your first digital form in the GoFormz app Explore GoFormz features ‘Beyond the Form’ (like form sharing, reports, and more) …and more!

147
147
article thumbnail

How to Step up Your Safety Practices as a Real Estate Agent

McKissock

Safety should always be your priority! As a real estate agent, safety isn’t something that’s discussed nearly enough. However, from every open house showing to every meeting you have, safety should be an important factor. From adequate preparation to communicating effectively with colleagues, there are several ways you can better ensure your safety on the job.

article thumbnail

Why Landlords Should Never Use Venmo or PayPal To Collect Rent

BiggerPockets

Technological advancements impact the way we exchange goods and services. eCommerce has consistently driven the need for mobile wallets while helping to reduce the need for paper checks or cash. […].

article thumbnail

How to Calculate ROI on Rental Property: The 2022 Guide

Mashvisor

How to calculate ROI on rental property is one of the first things on real estate investors’ minds concerning investment properties.

article thumbnail

Rookie Podcast 171: The 2022 Housing Market Explained: Is Now a Good Time to Buy? w/Dave Meyer

BiggerPockets

The 2022 housing market is off to a wild start. We’ve seen home inventory at decade lows, interest rates have finally started to rise, and more homebuyers are looking at […].

article thumbnail

Is Las Vegas Airbnb a Good Investment in 2022?

Mashvisor

Las Vegas will never be short of guests looking to have a good time. But is that reason enough for you to invest in Las Vegas Airbnb?

article thumbnail

Variable mortgage rates – will their popularity continue?

Mortgagebroker News

Despite a series of likely rate increases, there's no end in sight to the viability of variable options

article thumbnail

What Is a Good Real Estate Cap Rate?

Mashvisor

The capitalization rate, or cap rate, illustrates the anticipated rate of return on an income property.

article thumbnail

Is a half-point hike in the BoC rate next week a near certainty?

Mortgagebroker News

Industry observers weigh in on the market forces influencing the central bank's policy rate decisions

article thumbnail

What Metaverse real estate means for mortgage professionals

Housing Wire

The Metaverse is defined as the simulated digital world that mimics the real world through virtual reality and augmented reality in which users can interact. As the Metaverse expands, its offerings now include “virtual” real estate. But what does virtual real estate mean for real-world mortgage professionals? Defining virtual real estate. “Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land.

article thumbnail

Coming out on top of the industry

Mortgagebroker News

Leaving the competition far behind, BM Select CEO David Butler is leading the mortgage race with his winning business model

article thumbnail

Mortgage Pre-Approval: What Is It? Why Do I Need It?

PennyMac

Shopping for a new home can be an incredibly exciting experience. Along with that excitement, you may also end up feeling overwhelmed or even intimidated, as the realization sets in on what a life-changing decision you are making. You will have many questions: Where should you buy? How many bedrooms do you need? And most importantly — does your home wish list fit your budget?

article thumbnail

Filogix, mortgage software firm unveil new partnership

Mortgagebroker News

The agreement promises to offer a next-generation software suite for Canadian mortgage lenders

article thumbnail

Open House tips for home buyers

San Jose Real Estate

Inventory is low, and home buyers are swarming open houses. Today I want to provide some open house tips for home buyers so that you don’t damage your odds of success should you want to write an offer on it later. When visiting the open house, the listing agent may be assessing you while you […].

article thumbnail

Montreal housing market continues to experience sustained pressure

Mortgagebroker News

Prices continue to spike amid red-hot market and depleted inventories

article thumbnail

Are Open Houses Worth It?

Eppraisal

Historically, open houses have been a marketing staple for listing agents. Open houses can be an effective tool in a buyer's real estate market. However, we are in a sizzling hot seller's market right now. In this age of technology, most buyers search online for homes rather than driving around on the weekends looking at open houses. In fact, according to an article written by Cody Tromler on Upnest.com, "In 2019, only 7% found their home via a yard sign or open house." The Cov