Housing Wire
DECEMBER 13, 2021
Consumers have flipped the script on lenders and real estate agents when it comes to the home-buying process. Ninety percent of consumers start their home search online and many get prequalified for financing before they even reach out to a real estate agent. In this changing landscape, it has become increasingly more difficult to get to the consumer.
Appraisal Buzz
DECEMBER 13, 2021
PERSON OF THE WEEK: The mortgage industry is rapidly adopting all-digital, automated processes – and the tax services industry is moving right along with it. When it comes to tax services, accuracy, reliability and ease of access/integration with the database are key considerations. Tax services providers are tasked with the difficult job of accurately collecting data from a wide range of reporting entities – collected in all different formats – and keeping that data.
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Housing Wire
DECEMBER 13, 2021
Fractional real estate investment firm reAlpha announced late last week that it is partnering with Title First Agency to provide title and closing services on all of the firm’s property acquisitions. The company hopes that this partnership will allow reAlpha to simplify and streamline its purchase procedures. Unlike other fractional investment companies, such as Arrived Homes , reAlpha specializes in short term rentals , touting its product as “ Airbnb ownership without the hassle” and promising
Appraisal Buzz
DECEMBER 13, 2021
Black Knight reports that rate locks, as measured by the company’s Market Volume Index, declined 4.7 percent from October to November. Those for refinancing dropped by 9.7 percent even as interest rates remained fairly stable while purchase locks were down 3.9 percent. The total index, at 240, is 20.1 percent lower than in November 2020. The year-over-year changes are lop-sided.
Housing Wire
DECEMBER 13, 2021
Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management ’s latest critical defect report. The critical defect rate climbed to 2.27% in the second quarter of 2021, ending the trend of improvement in the previous two quarters. In the most recent quarter, it was 2.01%, according to the report published on Tuesday.
Appraisal Buzz
DECEMBER 13, 2021
Q3 operating income totals for the title industry hit all-time highs, up more than 50% in 2021. The post Title Insurance Volume Sees Record High Increase appeared first on DSNews. The post Title Insurance Volume Sees Record High Increase appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
DECEMBER 13, 2021
Financial veteran with more than 20 years of experience in federal and state consumer financial services added to AAG leadership team. The post AAG Appoint Kristina Larese as CCO appeared first on theMReport.com. The post AAG Appoint Kristina Larese as CCO appeared first on Appraisal Buzz.
Valuation Review
DECEMBER 13, 2021
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced the 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500. The threshold amount will be effective Jan. 1, 2022.
Appraisal Buzz
DECEMBER 13, 2021
The latest Originations Market Monitor from Black Knight Inc, shows a big slowdown in momentum in November as rate lock volumes fell across the board, driven by rate/term refinance originations dropping another 9.4% for a nearly 65% year-over-year decline. The report leverages daily rate lock data from Black Knight’s Optimal Blue PPE subsidiary. “While 30-year rates ended November relatively flat from where they were … The post Rate Locks Down Nearly 5% Overall in November ap
GoForrmz
DECEMBER 13, 2021
Elevate your digital form process with these powerful and dynamic features When selecting an online form builder, it is imperative that you have features that improve your operations, increase efficiency, and seamlessly integrate with your existing systems. For a smooth transition to digital forms, look for a builder that has the capability to look and feel exactly like your current paper forms.
Appraisal Buzz
DECEMBER 13, 2021
A disaster assistance declaration has been issued by President Biden to Kentucky counties hit by recent twisters. The post Biden Grants Disaster Assistance for Kentucky Tornado Survivors appeared first on DSNews. The post Biden Grants Disaster Assistance for Kentucky Tornado Survivors appeared first on Appraisal Buzz.
Valuation Review
DECEMBER 13, 2021
Valuation Review sat down with CBC Mortgage Agency Diversity, Equity & Inclusion Officer Tai Christensen to discuss a variety of aspects surrounding appraisal bias/disparity. Christensen also gave insight as to why minority applicants are likely to receive an appraisal value lower than the contract price. Read on for more of our conversation.
Appraisal Buzz
DECEMBER 13, 2021
The coronavirus pandemic and the resulting surge in remote work have changed where, when, why and how people buy homes, according to a new report from Redfin. This past year, home-sale prices hit the highest median of all time, the number of homes for sale fell to an all-time low and there was record demand for second homes. “The ongoing pandemic, including its seismic effect on the U.S. economy and the way Americans live.
McKissock
DECEMBER 13, 2021
Could the end of historically low mortgage rates be near — and could it be a good thing for real estate? For more than a year, many homebuyers have enjoyed borrowing rates lower than 3%. These low rates somewhat offset rising home prices, encouraging buyers to stay active in the market rather than waiting until inventory leveled out. However, according to a recent article in REALTOR Magazine , the Federal Reserve is hinting at raising interest rates — a shift that would also raise the rates on m
Appraisal Buzz
DECEMBER 13, 2021
The housing market in 2021 was nothing short of remarkable as it seemingly could not be stopped from rising; even the low points of the year were record breaking. As the economy restarted and began to shake off the pandemic cobwebs, people’s habits began to change. Due to remote work, people shifted their focus away from the typically busy city centers and to … The post The Typical Home Sold For $400K This Year appeared first on DSNews.
Valuation Review
DECEMBER 13, 2021
Rentec Direct, a property management software solution, released its redesigned software platform for landlords and property managers. The company said the updated software features streamlined, modern design improvements that enhance overall user experience and promote a seamless workflow for real estate professionals.
Appraisal Buzz
DECEMBER 13, 2021
The housing market in 2021 was nothing short of remarkable as it seemingly could not be stopped from rising; even the low points of the year were record breaking. As the economy restarted and began to shake off the pandemic cobwebs, people’s habits began to change. Due to remote work, people shifted their focus away from the typically busy city centers and to … The post Remote Work Shifts Buying Habits in 2021 appeared first on theMReport.com.
Valuation Review
DECEMBER 13, 2021
Connexions, the appraisal management software platform that provides automation, reporting, data analytics, and integration to real estate valuations, is making it easier for AMCs. This simpler management for AMCs is due to the new Connexions tool, Inside Track.
Appraisal Buzz
DECEMBER 13, 2021
The pandemic brought with it a windfall of forbearances, as the CFPB took aim at those servicers who took advantage of struggling homeowners. The post CFPB Examines Servicer Practices in Latest Report appeared first on DSNews. The post CFPB Examines Servicer Practices in Latest Report appeared first on Appraisal Buzz.
Valuation Review
DECEMBER 13, 2021
Pending home sales increased in October, rebounding after a decline the previous month, according to the National Association of Realtors. Contract activity rose month-over-month in each of the four major U.S. regions. Read on to learn more.
Appraisal Buzz
DECEMBER 13, 2021
Bureau examiners uncover violations in areas including mortgage servicing and a variety of lending discrimination practices in new report. The post CFPB Highlights CARES Act and ECOA Violations appeared first on theMReport.com. The post CFPB Highlights CARES Act and ECOA Violations appeared first on Appraisal Buzz.
Valuation Review
DECEMBER 13, 2021
After a year of virtual gatherings, appraisers were able to go back on the road again to listen to and share ideas about improving the profession, as well as maintaining a thriving business. Valuation Review attended the 2021 Appraisal Summit in Las Vegas recently, and caught up with event organizers Heather Sullivan (CoreLogic) and Teresa Walker (National Association of Appraisers) to get their thoughts.
Appraisal Buzz
DECEMBER 13, 2021
Infrrd , a provider of intelligent document processing (IDP) solutions, has launched Infrrd for Mortgage, which automates the lending process for mortgage origination companies and mortgage servicing entities. It uses Infrrd’s proprietary and patented artificial intelligence-based (AI) IDP technology to extract and manage essential information from mortgage borrowers’ documents in the most accurate way.
Mashvisor
DECEMBER 13, 2021
Find Top-Performing Investment Properties Quickly and Easily start your free trial Save 15% on industry-leading real estate data and analytics Mashvisor is a one-stop real estate investment platform that uses…
Appraisal Buzz
DECEMBER 13, 2021
Janet Loriot recently sat down with DS News to discuss how the servicing industry has changed over the past 18 months and what lies ahead on the other side. The post The Exchange: Janet Loriot, EVP, The Financial Institution Group, SWBC appeared first on DSNews. The post The Exchange: Janet Loriot, EVP, The Financial Institution Group, SWBC appeared first on Appraisal Buzz.
Mortgagebroker News
DECEMBER 13, 2021
CIMBC founder John Bargis tells CMP how his lengthy career as one of Canada's leading mortgage brokers inspired him to form an organization designed to support independent brokers
Mashvisor
DECEMBER 13, 2021
Investing in real estate is a big step to make and for some people, financing such an investment means you may have to bring other people on board.
Mortgagebroker News
DECEMBER 13, 2021
CMP honours 13 individuals whose sterling careers have elevated them to the pinnacle of the Canadian mortgage industry
Mashvisor
DECEMBER 13, 2021
Real estate investing is, without a doubt, one of the possible ways to build wealth and grow financially in the long term.
BiggerPockets
DECEMBER 13, 2021
Student loans and homeownership coincide in many ways—whether you’re an investor without student loan debt who wants to keep your finger on the pulse of the market, you’re hoping to become an investor but you find lending difficult due to your student loan debt, or you fit somewhere in the middle.
Mashvisor
DECEMBER 13, 2021
Finding the right property to invest in is truly not easy – and MLS won’t always be on your side.
BiggerPockets
DECEMBER 13, 2021
Cameron Herold developed the “Vivid Vision” format years ago, allowing not only him but other high-level business leaders to peek into the crystal ball of their futures. This vision doesn’t […].
Mortgagebroker News
DECEMBER 13, 2021
Province's lack of inventory could have profound consequences for the mortgage market in 2022
Lamacchia Realty
DECEMBER 13, 2021
Anthony Lamacchia was recently featured in Boston Agent Magazine, where he and other local real estate leaders discussed their predictions for the market in 2022. He discussed expected inventory levels, home prices, and when the market will see a shift. To read the entire article, click here or on the picture! . The post Anthony Lamacchia Featured in Boston Agent Magazine appeared first on Lamacchia Realty.
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