Housing Wire

SEPTEMBER 22, 2021

The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the Mortgage Bankers Association. Refis were on the front foot again. The increase in application activity is quite different from the MBA’s survey published in early September , which saw application volume decline by 1.9%, dragged down in part by low refi activity and unexpectedly low purchase volume.

Inventory 406

Inventory Construction Mortgage Marketing 406

Appraisal Buzz

SEPTEMBER 22, 2021

Millennials now outnumber baby boomers in the U.S., according to U.S. Census Bureau projections. Millennials are more educated than baby boomers. In addition, they are more racially and ethnically diverse. With these changing demographics, diversity and inclusion in the workplace is an increasing area of focus. While the business outlook is often clear, what remains hazy is how skills are measured and resources are evaluated.

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Lending Mortgage Business Appraisal 195

Housing Wire

SEPTEMBER 22, 2021

The average borrower has drastically changed throughout the years. Today, more borrowers are self-employed, work remotely and have multiple streams of income. For brokers, working with these borrowers can be complicated because they require unique processes. HousingWire recently spoke with Bill Dallas, President of Finance of America Mortgage, to discuss how brokers can leverage technology to accommodate today’s average homebuyer.

Finance 370

Finance Technology Lending Mortgage 370

Appraisal Buzz

SEPTEMBER 22, 2021

PERSON OF THE WEEK: Most mortgage lenders today have the technology in place to deliver an all-digital mortgage experience to their customers, but the reality is most borrowers need at least some “manual” assistance during the process. As a result, most mortgage transactions are not fully digital “end to end” but rather “hybrid” digital/manual.

Mortgage 195

Mortgage Technology Appraisal 195

Housing Wire

SEPTEMBER 22, 2021

Sandra Madigan, digital product director, enterprise product strategy, servicing technologies at Black Knight. This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry. HousingWire decided to dive deeper into a few of our award winners to get a peek behind the curtain on what defines an Insider , with this Q&A featuring Sandra Madigan, digital product director, enterprise produ

Mortgage 356

Mortgage Technology Lending Finance 356

Appraisal Buzz

SEPTEMBER 22, 2021

Mortgage rates were surprisingly steady today as the bond market reacted to a new policy announcement from the Fed. Perhaps “reacted” is the wrong word considering the market’s response. Specifically, the bond market (which dictates interest rates on mortgages and beyond) was hard to distinguish from most any other random trading day.

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Inventory Buyers Appraisal Mortgage 195

Appraisal Buzz

SEPTEMBER 22, 2021

This content is password protected. To view it please enter your password below: Password: The post Protected: CoreLogic is hiring Certified Appraisers to Join Our Staff! appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

SEPTEMBER 22, 2021

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business. Tempo Title is one of the largest private title insurance and settlement service providers in the U.S., with an annual revenue of over $300 million and licenses to operate in 43 states, making it one of the nation’s largest title insurance companies.

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Insurance Brokerage Real Estate Construction 316

Appraisal Buzz

SEPTEMBER 22, 2021

Valuation Expo 2021 had an amazing turnout! We didn’t know what to expect for our first in-person event, but this was one of our biggest conferences ever. Valuation Expo provided attendees endless opportunities to learn, network, and prosper. We got to speak to a few attendees and we asked them what their favorite part about Valuation Expo was and why they keep coming back every year.

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Valuation Appraisal 195

George Dell

SEPTEMBER 22, 2021

Modernized Appraisal is a necessary part of coming lending regulation. Some think old methods are just fine. Others think advanced quantitative methods are necessary. What to do? Most of us started out learning about things like median, mean, maximum, minimum, and even standard deviation. “Descriptive statistics” they called it. Our teachers also showed us pretty […].

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Modernization Valuation Lending Appraisal 195

Appraisal Buzz

SEPTEMBER 22, 2021

ICE Mortgage Technology , part of Intercontinental Exchange Inc., a global provider of data, technology and market infrastructure, has partnered with PennyMac Loan Services LLC, a subsidiary of PennyMac Financial Services Inc. The integration with ICE Mortgage Technology’s Encompass Investor Connect will make PennyMac one of the largest correspondent aggregator within a network of correspondent investors available on one platform.

Technology 195

Technology Investors Mortgage Appraisal 195

GoForrmz

SEPTEMBER 22, 2021

Expedite service requests and enrich your digital forms with these impactful fields and features Many industries utilize digital service tickets in their own unique way. Whether it’s large corporations using digital service tickets within their IT departments or auto repair shops capturing service quotes, an incredible variety of businesses can benefit from digitizing their paper-based service forms.

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Clients Business 153

Appraisal Buzz

SEPTEMBER 22, 2021

Demand for second homes dropped 19.3% year over year in August, marking the third-straight month of declines, according to a new report from Redfin , a technology-powered real estate brokerage. Demand for primary homes also fell, slipping 1% year over year in the second-consecutive month of declines. That’s according to a Redfin analysis of mortgage-rate lock data from real estate analytics firm Optimal Blue.

Real Estate 195

Real Estate Brokerage Technology Appraisal 195

Eyes on Housing

SEPTEMBER 22, 2021

As tight inventory continued to push up prices, existing home sales fell in August but remain above pre-pandemic levels, according to the National Association of Realtors (NAR). Though the median existing home prices has increased 34% since January 2020, housing demand remains strong thanks to low mortgage rates and buyers are waiting for more inventory.

Inventory 146

Inventory Realtors Buyers Mortgage 146

Valuation Review

SEPTEMBER 22, 2021

As we’ve come through a full year living under pandemic conditions, what are some of the specific challenges for appraisers moving past COVID-19? ValueScape Analytics CEO William Leveson-Gower shares with Valuation Review his thoughts on this matter, and much more. Read on for the complete conversation.

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Valuation Review Appraisal Valuation 142

Eyes on Housing

SEPTEMBER 22, 2021

Nonfarm payroll employment increased in 31 states in August compared to the previous month while 19 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased at a slower rate by 235,000 in August, following an upwardly revised increase of 1,053,000 jobs in July. On a month-over-month basis, employment.

Construction 133

Construction Marketing 133

Appraiserblogs

SEPTEMBER 22, 2021

“Digitizing the entire appraisal process”… what does this even mean? No more tape measures? No more typing? What exactly is being digitized that is not already digitized?… This is what Class Valuation appears to be doing to justify their actions. According to the article written by Richard Torne in Mortgage Professional America, Class Valuation has announced the acquisition of DataMaster.

Appraisal 105

Appraisal Valuation Appraisal Process Mortgage 105

Eyes on Housing

SEPTEMBER 22, 2021

The Federal Reserve has been supporting the housing market during the virus crisis, the 2020 recession, and the subsequent, ongoing recovery via asset-backed purchases (among other tools), including $40 billion a month of mortgage-backed security (MBS) purchases. These MBS purchases have held interest rates lower than they otherwise would have been.

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Tools Housing Market Mortgage Marketing 120

Urban

SEPTEMBER 22, 2021

Where are people protected by source-of-income discrimination laws?

Law 149

Law 149

BiggerPockets

SEPTEMBER 22, 2021

A wonderful thing about real estate investing is that there are so many different ways to make money, whether it be with commercial or residential properties. Flipping versus renting can cause big debates, so here’s what to know about both options.

Real Estate 79

Real Estate Investing 79

Valuation Review

SEPTEMBER 22, 2021

The Mortgage Bankers Association National Delinquency Survey showed mortgage delinquencies decreased in the second quarter of 2021 for one-to-four-unit residential properties. For purposes of the survey, and to take mortgages in COVID-19 forbearance into account, the organization asked servicers to report loans in forbearance as delinquent if the payment was not made on the original terms of the mortgage.

Mortgage 60

Mortgage 60

BiggerPockets

SEPTEMBER 22, 2021

If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be […].

Real Estate 70

Real Estate 70

Valuation Review

SEPTEMBER 22, 2021

America’s disaster-prone areas are becoming more populous as new residents move in, according to a new report from Redfin. The U.S. counties with the largest share of homes facing high heat, drought, fire, flood and storm risk saw their populations grow from 2016-2020 due to migration.

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Lamacchia Realty

SEPTEMBER 22, 2021

Lamacchia Realty has some of the best REALTORS® in New England. They couldn’t be the best if they didn’t have strong support from our inside staff which is why we started the Staff Stars series. Our Staff Star interviews will highlight a new staff member that goes above and beyond for the company, the REALTORS®, and for our valued clients. This time around the award goes to Mike Phinney.

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Realty Property Management Development Realtors 62

Valuation Review

SEPTEMBER 22, 2021

Accurate Group, a provider of technology-driven real estate appraisal, title data, analytics, and eClosing solutions, has entered into a strategic partnership with Novacap, one of Canada’s leading private equity firms. The partnership aims to support Accurate Group with the capital and expertise to further grow the business.

Real Estate 60

Real Estate Technology Business Appraisal 60

Mashvisor

SEPTEMBER 22, 2021

Section 8 housing has been a controversial subject among real estate investors for a long time.

Investing 68

Investing Investors Real Estate 68

Valuation Review

SEPTEMBER 22, 2021

Freddie Mac released an analysis showing appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households. The extent of that appraisal gap increases as the percentage of Black and Latino individuals in the census tract increases. Read on for more and find out what the Appraisal Institute president had to say about this.

Valuation 60

Valuation Appraisal Contracts 60

Mortgagebroker News

SEPTEMBER 22, 2021

This buyer cohort also makes more expensive residential moves, on average

Buyers 62

Buyers 62

Valuation Review

SEPTEMBER 22, 2021

Appraisal management company Class Valuation has acquired real estate software service provider DataMaster. Class Valuation CEO John Fraas said he is “thrilled” about the move. Read on for more details.

Valuation 78

Valuation Business Real Estate Appraisal 78

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The fact is, there won't be. The real estate market is nothing like it was back then. Current State of the Real Estate Market The real estate market is still sizzling hot. Interest rates remain at historic lows. According to an article on Bankrate.com, written by Jeff Ostrowski, "Mortgage rates plumbed to new depths in January 2021, setting all-time lows south of 3 per

Real Estate 45

Real Estate Marketing Inventory Home Value 45

Mortgagebroker News

SEPTEMBER 22, 2021

Relationships are a vital part of a network’s business fundamentals

Business 59

Business 59

REX Real Estate

SEPTEMBER 22, 2021

Want to get the most money out of your house?

Home Value 36

Home Value Market Value Sellers Investing 36

Mortgagebroker News

SEPTEMBER 22, 2021

Average sales prices across all housing types have been steadily increasing, as well

Inventory 52

Inventory 52

Housing Wire

SEPTEMBER 22, 2021

August marked a slowdown in the purchase market, with existing home sales dropping by 2%, according to a monthly report published by the National Association of Realtors. The decline marked a break in two-straight months of increases, the trade group said. Completed purchase transactions of single-family homes, townhomes, condominiums and co-ops came in at a seasonally adjusted annual rate of 5.88 million in August, NAR said.

Inventory 395

Inventory Buyers Realtors Home Value 395