Mon.Jan 10, 2022

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How to avoid home closing delays in 2022

Housing Wire

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. HousingWire: What are some unexpected things that can delay a home closing? Tom Kriby: Everyone knows home inspections and appraisals can hold up a closing, but insurance is another possible roadblock for an on-time closing.

Insurance 484
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The most aggressive housing market ever?

Sacramento Appraisal Blog

Was last year the most aggressive housing market we’ve ever had? I’m going to go out on a limb and say HECK YES based on the stats. But what do you think, whether you’re local or in a different market? January public speaking gigs: January 12: Top Producer Panel in Granite Bay (sold out) January […].

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Stewart starts 2022 with yet another acquisition

Housing Wire

Stewart Title appears to be starting 2022 exactly where it left off in 2021. The fourth largest title insurance underwriter by market share announced its acquisition of Nashville-based Homeland Title on Thursday. Homeland Title has served homebuyers and sellers in middle Tennessee since 2003. The terms of the deal were not disclosed. This latest acquisition expands Stewart’s presence in the Nashville area.

Investing 417
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Wait! There’s Risk in my Appraisal?

Appraisal Buzz

If you talk to a professional risk manager working in the home finance industry, they’ll tell you that risk is hiding everywhere. While they may be overstating it, they aren’t doing it by much. This is why federal regulators require banks to do such rigorous stress testing, proving that they can respond appropriately to any risk they may face. We saw a great deal of this in the years following the Great Recession, but over the last year or two we’ve heard much less about stress testing.

Appraisal 374
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PennyMac launches new tech platform in broker channel rebrand

Housing Wire

PennyMac Financial Services announced today that it’s launching a new technology platform for its broker channel, and it has rebranded its broker division from PennyMac Broker Direct to Pennymac TPO. The California-based wholesale lender claimed the new tech offering, called POWER+, would give brokers “speed, control and access to expert advice,” as well as “guidance and real-time engagement.” The timeline for the platform’s launch has not been made public.

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Gen Z Less Optimistic About Home Ownership

Appraisal Buzz

Re-issuing a survey first completed three years ago, PropertyShark, a property research firm for commercial and residential tracts, found that Millennials have become more pessimistic about their housing options than they were three years ago while Generation Z’s feelings have also dampened. According to the survey, the “wild optimism” that Gen Z expressed three years ago about owning a home … The post Gen Z Less Optimistic About Home Ownership appeared first on DSNews.

Appraisal 363

More Trending

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Survey Finds Affordability to be Biggest Barrier to Homeownership

Appraisal Buzz

Re-issuing a survey first completed three years ago, PropertyShark, a property research firm for commercial and residential tracts, found that Millennials have become more pessimistic about their housing options than they were three years ago while Generation Z’s feelings have also dampened. According to the survey, the “wild optimism” that Gen Z expressed three years ago about owning a home … The post Survey Finds Affordability to be Biggest Barrier to Homeownership appeared first on the

Appraisal 363
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Chief appraiser outlines the specifics of ROVs

Valuation Review

Valuation Review caught up with Clear Capital’s Chief Appraiser John Brenan to discuss the topic of Reconsideration of Value (ROV). Brenan detailed the common reasons ROVs get requested and what appraisers need to know and can expect during this process. Read on for more of our conversation.

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First-Time Buyers Weigh Their Options

Appraisal Buzz

A new study examines ideal destinations for first-time buyers, as they consider space, location, and overall pricing. The post First-Time Buyers Weigh Their Options appeared first on theMReport.com. The post First-Time Buyers Weigh Their Options appeared first on Appraisal Buzz.

Buyers 195
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2022 International Home Buying Trends to Keep an Eye On

McKissock

The world has changed in many ways since the start of the pandemic, but one major change is a new interest in international real estate. With remote work becoming the norm for many people in the United States, some who are ready for a fresh start are looking beyond the country’s borders for their next home. Now that international travel has opened back up, this presents a unique opportunity for real estate agents who specialize in relocation to leverage the trend.

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January Active Forbearance Numbers Fall Yet Again

Appraisal Buzz

Mortgages that are in active forbearance plans continue to fall in January, led by FHA/VA plans. According to Black Knight’s McDash Flash daily mortgage performance dataset, which covers more than 197 million home loans and home equity data on more than 27 million loans and lines of credit, the number of loans in active forbearance fell by 73,000 or 8%. … The post January Active Forbearance Numbers Fall Yet Again appeared first on DSNews.

Appraisal 195
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Mortgage lender funding to provide automation help

Valuation Review

Beeline, a digital start-up mortgage lender, has completed a Series A round of financing for an undisclosed amount. The capital will be invested in automation and artificial intelligence to provide user experiences for borrowers.

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First-Timers Zero in on Markets Rich in Supply

Appraisal Buzz

First-time home buyers with remote work flexibility are focusing on markets where the inventory of homes for sale is nearly two times more than the national average. The post First-Timers Zero in on Markets Rich in Supply appeared first on DSNews. The post First-Timers Zero in on Markets Rich in Supply appeared first on Appraisal Buzz.

Marketing 195
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Fintech company acquires Fincura

Valuation Review

Numerated has acquired Fincura Inc., adding spreading automation and financial analysis to Numerated’s Digital Loan Origination System. The strategic acquisition expands Numerated’s underwriting capabilities for business loans that require deep financial analysis.

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Crypto Grows in Popularity to Fund Down Payments

Appraisal Buzz

Millennials own more crypto than other generation, and many are cashing in on the virtual currency as a means to pay for a down payment on their new home. The post Crypto Grows in Popularity to Fund Down Payments appeared first on theMReport.com. The post Crypto Grows in Popularity to Fund Down Payments appeared first on Appraisal Buzz.

Appraisal 195
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AI announces 2022 leadership team

Valuation Review

As Pledger (Jody) Bishop III begins his one-year term as president of the Appraisal Institute (Jan. 1), AI also announced its leadership team for 2022. Bishop’s one-year term as president will be followed by one year as immediate past president in 2023.

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Ravi Mallela Named EVP and CFO of NMI Holdings

Appraisal Buzz

Succeeding Adam Pollitzer, who was promoted to President and CEO, Mallela tapped to expand NMI’s growth and capital strategies. The post Ravi Mallela Named EVP and CFO of NMI Holdings appeared first on DSNews. The post Ravi Mallela Named EVP and CFO of NMI Holdings appeared first on Appraisal Buzz.

Appraisal 195
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S&P CoreLogic Case-Shiller Index shows October home price gain

Valuation Review

S&P Dow Jones Indices (S&P DJI) released the latest results for the S&P CoreLogic Case-Shiller Indices. The data released for October 2021 showed that home prices continue to increase across the U.S. Read on to learn more from the CoreLogic report.

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Fidelity National Financial Names New CEO

Appraisal Buzz

Company announces executive management transition as Mike Nolan is named CEO, and Randy Quirk is appointed Executive Vice-Chair of the Board. The post Fidelity National Financial Names New CEO appeared first on theMReport.com. The post Fidelity National Financial Names New CEO appeared first on Appraisal Buzz.

Appraisal 195
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Appraisers should be mindful of quality over efficiency

Valuation Review

To begin 2022 with helpful advice and words of wisdom from Dustin Harris, “The Appraiser Coach,” Valuation Review shares key points from his blog. Appraisers should never sacrifice quality in the name of efficiency, Harris says. Read on for more insight.

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Anna Tilton Daniel: Managing Compliance in a Virtual World

Appraisal Buzz

PERSON OF THE WEEK: When the COVID-19 crisis first hit the mortgage industry, compliance departments needed to act fast to ensure lenders could still execute on all their compliance controls in a fully remote world. Now, two years in, compliance in a virtual world has become the norm – and will continue to be in the foreseeable future, as many companies are sticking with either a fully remote workforce or hybrid approach.

Appraisal 195
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2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

The housing market around the Greater Boston area is enduring a market climate never seen before as a result of the COVID-19 pandemic. Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high.

Sellers 71
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nCino Acquires SimpleNexus and Homeownership Software

Appraisal Buzz

nCino Inc. , a cloud banking and digital transformation solutions company for the global financial services industry, has completed its acquisition of SimpleNexus , a cloud-based, mobile-first homeownership software company, for total consideration of approximately 12.76 million shares of nCino common stock plus cash consideration of approximately $270 million, on a cash-free, debt-free basis and excluding transaction expenses.

Appraisal 195
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North Virginia Housing Market Forecast 2022

Mashvisor

With a massive surge in home sales, to a shortage of supply, to a drastic increase in home prices – the past couple of years have been a roller coaster…

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Re-Examining ‘Injury in Fact’ With Hunstein II

Appraisal Buzz

What do recent decisions regarding the Hunstein case mean for the industry? Daniel C. Chilton takes a look at its impact on the industry moving forward. The post Re-Examining ‘Injury in Fact’ With Hunstein II appeared first on DSNews. The post Re-Examining ‘Injury in Fact’ With Hunstein II appeared first on Appraisal Buzz.

Appraisal 195
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Washington State Housing Market Forecast 2022

Mashvisor

As we usher in the new year, a lot of real estate investors and homebuyers are looking for 2022 housing market predictions and forecasts.

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SettlementOne Valuation Accelerating Its Growth and Expansion Plans for 2022

Appraisal Buzz

SettlementOne Valuation Welcomes Matthew Scott as Chief Operations Officer, and Dave Roberts as Senior Vice President of Strategic Accounts, Accelerating Its Growth and Expansion Plans for 2022 and beyond. Indianapolis, Indiana, December 2021 – SettlementOne Valuation, a leading provider of appraisal management services to the U.S. mortgage industry, announced the hiring of Matthew Scott as Chief Operating Officer, and Dave Roberts as Senior Vice President, Strategic Accounts.

Valuation 195
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BiggerPockets Podcast 556: The Most Feared BRRRR Step (and How to Get Over It) | Coaching Calls

BiggerPockets

If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, […].

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Staying up to code

Mortgagebroker News

A national code of conduct for brokers is a key step in better serving consumers, writes FSRA's Antionette Leung

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BiggerPockets Money Podcast 265: Death and Finances: What to Do (Before and) After A Loved One Passes w/Allison Nichol Longtin

BiggerPockets

Death and finances can arguably be called the two things that people hate talking about most. Unfortunately, these are two topics that cannot be kept in the dark, as we […].

Finance 54
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Utah Housing Market Forecast 2022: The Complete Guide

Mashvisor

We went through a real roller coaster ride the past couple of years mainly because of the pandemic.

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What does it mean to be “out of contract” in a home sale?

San Jose Real Estate

In other words, there is a seller or buyer default happening. How can that happen?

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Don't miss out on HomeEquity Bank's extended broker commission promo of 175bps on new deals

Mortgagebroker News

How to make the most of a supercharged — and limited time — commission rate

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Erie Title Agency merges with Barristers of Ohio

Housing Wire

The Hanna Family of Companies , the parent company of Howard Hanna Real Estate Services , announced the merger of Erie Title Agency, Inc and Barristers of Ohio to form Erie Title Barristers Group on Wednesday. The Cleveland-based Erie Title has been serving clients in Ohio since 1998. The new group will be led by current Erie Title president Kevin Blum, who will assume the role of president at the merged company, which will serve clients across the Buckeye state.

Insurance 357