Mon.Feb 28, 2022

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The Digital Transformation of Appraisal Data

Appraisal Buzz

“We tend to overestimate the effect of a technology in the short term and underestimate the effect in the long term.” This is the little-known Law of Amara that describes how we perceive the impact of new technology on our lives. Before we discuss the impact of technology on the future of appraisal data, it’s good to get a historical perspective. Forty years ago, appraisers were storing property data on Property Cards.

Appraisal 482
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Despite 3-month slump, pending home sales look just right

Housing Wire

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. Even though the recent existing-home sales data has been outperforming my expectations , the pending home sales data to me looks more in line with my expectations for 2022. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported.

Inventory 404
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Inlanta Mortgage Promotes Kevin Laffey to SVP, Sales and Business Development

Appraisal Buzz

Kevin Laffey has been promoted to senior vice president, sales and business development, at Inlanta Mortgage , an independent mortgage lender with 39 branch offices in 27 states. Previously, Laffey was regional production manager. Laffey has over 30 years of experience in the mortgage business. Prior to joining Inlanta Mortgage in 2011, he held managerial sales positions at Wells Fargo and Bank of America and ran his own independent mortgage company for several years.

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An inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Annapolis lies right on the Chesapeake Bay and is within commuting distance to both Baltimore and Washington, D.C.

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CarVal Investors Launches Mill City Loans Mortgage Conduit

Appraisal Buzz

Funds managed by CarVal Investors , a global alternative investment manager, have established Mill City Loans , a mortgage conduit with a focus on building lasting relationships with originator partners in the acquisition of residential mortgage assets across multiple strategies. Mill City Loans will be led by an executive team comprised of Trey Jordan, Mike Petersen and Kent Usell.

Investors 221
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Is the title industry on verge of the “Great Redeployment”?

Housing Wire

The title insurance industry is built on service. So, what happens when it becomes much more difficult for title agents to find, recruit and hire the skilled labor so necessary to their core functions? We will soon find out. A unique convergence of “The Great Resignation” and increased retirement and attrition — at the same time that the largest segment of the American workforce ages is running headlong into what’s expected to be a competitive purchase market — will require title agencies to put

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A look at key mortgage claims challenges servicers are facing

Housing Wire

Housing Wire recently sat down with Newbold Advisors Partner Robert Simpson to learn more mortgage claims in today’s servicing climate. HousingWire: What are some key challenges servicers are currently facing regarding mortgage claims? Robert Simpson: This is a pivotal moment for mortgage servicers. The pandemic has brought to the surface the glaring inefficiencies – limited trained staff, multiple claims systems, inefficient manual processes – and (unnecessary) financial costs that have p

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Miami Tops List of Migration Destinations

Appraisal Buzz

Remote work opportunities and the continued lack of housing inventory will likely keep Americans moving throughout 2022. The post Miami Tops List of Migration Destinations appeared first on DSNews. The post Miami Tops List of Migration Destinations appeared first on Appraisal Buzz.

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Pennymac deepens commitment to wholesale partners in 2022

Housing Wire

The mortgage industry headed into 2022 after a strong showing in back-to-back years. Interest rates were at or near historical lows, home prices showed strong appreciation and market participants set volume and profitability records. 2022 still holds great opportunity for the industry but it also signals a pivot point. Pennymac has long served as one of the mortgage industry’s leading partners.

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Foreclosure Starts Jump Sevenfold 

Appraisal Buzz

As predicted, foreclosure starts jumped after a quiet holiday season in January, as additional COVID-19 protections wore off leading lenders to start the process on 32,900 borrowers. The jump of 28,800 loans, from the 4,100 seen in January, was the biggest seen in months. According to Black Knight, roughly half of the month’s starts were … The post Foreclosure Starts Jump Sevenfold appeared first on DSNews.

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Black Knight’s Surefire CRM and Mortgage Marketing Engine makes marketing and messaging fast and simple

Housing Wire

Maintaining and deepening relationships with borrowers is important for lenders, but it takes valuable time away from other business efforts for mortgage organizations. Additionally, creating compelling content on a regular basis and maintaining separate systems or tools for its dispersal is stressful, cumbersome and time-consuming. Mortgage professionals need a solution that gives them total insight across the customer life cycle and that can offer multiple functionalities that keep them top of

Marketing 378
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Fannie Mae Appoints Its First-Ever Chief Diversity & Inclusion Officer

Appraisal Buzz

GSE names Sharifa A. Anderson SVP and Chief Diversity and Inclusion Officer, a new role geared toward the advancement of growing a more inclusive housing sector. The post Fannie Mae Appoints Its First-Ever Chief Diversity & Inclusion Officer appeared first on DSNews. The post Fannie Mae Appoints Its First-Ever Chief Diversity & Inclusion Officer appeared first on Appraisal Buzz.

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Mortgage marketing solutions

Housing Wire

In today’s purchase-heavy market, lenders must shift their priorities to increasing sales volume and standing out among the competition. Lenders are also focused on providing a positive customer experience to boost borrower retention. The two companies featured in this section offer tools to support lenders in their marketing efforts. These solutions enable lenders to provide excellent customer service and stay in contact with borrowers long after the loan has closed.

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Sharifa A. Anderson Joins Fannie Mae as SVP, Chief D&I Officer

Appraisal Buzz

Fannie Mae has appointed Sharifa A. Anderson as senior vice president and chief diversity and inclusion (D&I) officer. She will be a member of Fannie Mae’s Management Committee and serve as the company’s first chief D&I officer in this newly created role. The role signifies Fannie Mae’s sustained commitment to promoting supplier diversity; enabling opportunities for minority- and women-owned firms in capital markets; and fostering an accessible, inclusive workplace that

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HousingWire Magazine: March 2022

Housing Wire

Brena Nath HW+ Managing Editor. Innovation and disruption are two words that you see time and time again when it comes to the housing industry. In 2013 when I first joined HousingWire, conversations focused a lot on how antiquated and behind the housing sector is compared to any other business sector. I’d say this concept hasn’t been true for a while now though.

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How to Improve Workplace Productivity with Online Forms

GoForrmz

Leverage mobile forms to boost efficiency across departments If your team is still utilizing paper forms then they are most likely faced with significant challenges when filing, storing, and analyzing forms and data. The process of filling out paper forms and then rekeying information into internal systems is not only time-consuming but costly. Wasted time spent on the manual storage of paper forms can be better spent on more important tasks.

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Apartment Absorption Continued to Soar while Condo Absorption Flat

Eyes on Housing

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the third quarter of 2021 due to strong demand and low vacancy rates. The absorption rate of unfurnished, unsubsidized apartments (the share rented out in the first three months following completion) surged by 25 percentage points to.

Marketing 160
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FREE Webinar with Fannie Mae: Desktop Appraisals, ANSI Square Footage Standard, and More Appraisal Topics

McKissock

On Wednesday, March 23, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “March 2022 Fannie Mae Appraisal Update.” In this special interactive webinar, you’ll hear the latest information on desktop appraisals and the soon to be adopted ANSI square footage standard. Fannie Mae representatives will be on hand to answer your questions on these appraisal topics and more.

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ClearCast Podcast E25 — Willow Servicing Co-Founder & CEO Laura Cain

Clear Capital

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. Jeff and Kenon talk about mortgage rates, refinancing, and mortgage delinquency. Then, they interview the co-founder and CEO of Willow Servicing , Laura Cain, to discover how Willow Servicing is streamlining mortgage servicing. Watch ClearCast E25. Listen to ClearCast E25.

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How to Estimate Airbnb Host Income Before Buying a Rental Property

Mashvisor

Before finalizing your purchase of an investment property, you must first make sure that it will earn a sufficient Airbnb host income. This article discusses how you can estimate that.

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Key Areas Appraisers Look at During a Home Appraisal

East Coast Appraisal

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value. Read on to learn some of the key areas appraisers investigate in a home appraisal.  Location Appraisers assess your home in proximity to basic amenities such as schools, hospitals, police posts, and shopping centers.

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Where Can You Get the Most Reliable Airbnb Data by City in 2022?

Mashvisor

If you want to start investing in short-term rentals, there’s one thing you’re definitely going to need in your investment journey – Airbnb data by city.

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How are construction costs impacting the commercial market?

Mortgagebroker News

A host of factors have contributed to a turbulent environment in construction financing – particularly out West

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Beyond Pricing vs. Mashvisor: What’s the Best Airbnb Pricing Calculator?

Mashvisor

To succeed in your short-term rental investment, you need tools like Beyond Pricing to gain insight into the industry. But is it the best option out there?

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BiggerPockets Podcast 577: Cutting Your Tax Bill, Investing in Different Markets, & “Investor Pressure” | Coaching Calls

BiggerPockets

Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with […].

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Airbnb Galveston Texas: Should You Invest in 2022?

Mashvisor

Texas has always been a popular State when it comes to buying and investing in real estate, and Airbnb Galveston Texas is no exception.

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How Neighbourhood Holdings helps brokers pivot to alternative lending

Mortgagebroker News

With immense possibilities in the space, the company is committed to helping brokers maximize their potential

Lending 69
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FREE Webinar with Fannie Mae: Desktop Appraisals, ANSI Square Footage Standard, and More Appraisal Topics

Appraisal Buzz

On Wednesday, March 23, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “March 2022 Fannie Mae Appraisal Update.” In this special interactive webinar, you’ll hear the latest information on desktop appraisals and the soon to be adopted ANSI square footage standard. Fannie Mae representatives will be on hand to answer your questions on these appraisal topics and more.

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Bank of Canada announcement – what do brokers think will happen?

Mortgagebroker News

CMP spoke with mortgage professionals across Canada ahead of the hotly anticipated decision

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Residential Appraisal Services vs. Commercial Appraisal Services

AmeriMac

One of the most important aspects of the real estate market is also the one that most people don’t spend too much time thinking about: real estate appraisals. Any type of appraisal serves a crucial purpose: accurately determining the value of the property in question. This is necessary not only to make sure that buyers and sellers are getting a fair price during a transaction, but it’s something that is required by lenders as well.

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Manoeuvring the reins of a mortgage space disruptor

Mortgagebroker News

Scaling a valuable tech innovator at an accelerated pace presents a significant challenge

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Residential Appraisal Services vs. Commercial Appraisal Services

AmeriMac

One of the most important aspects of the real estate market is also the one that most people don’t spend too much time thinking about: real estate appraisals. Any type of appraisal serves a crucial purpose: accurately determining the value of the property in question. This is necessary not only to make sure that buyers and sellers are getting a fair price during a transaction, but it’s something that is required by lenders as well.

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How to meet the challenges – and seize the opportunities – of 2022

Mortgagebroker News

Community Trust's Grant Armstrong is excited to see what comes out of this year

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FHFA proposal for seller servicer requirements is mixed bag

Housing Wire

The Federal Housing Finance Agency (FHFA) proposed some key changes to requirements for single-family seller servicers that do business with the enterprises. The changes would see tangible net worth requirements set higher for Ginnie Mae servicers than for Fannie Mae and Freddie Mac servicers. For all non-depositories, the minimum capital ratio would increase to 9% from 6%.

Sellers 391