Housing Wire

DECEMBER 20, 2021

DocMagic announced on Monday the rollout of eDecision , a fully automated platform that it said will significantly expand the level of analysis applied to e-eligibility determination for eClosings. The automated loan document preparation and eMortgage services provider claims the new platform delivers a clear-cut, highly accurate decision telling users exactly how far they can take their closing digitally based on the unique attributes of the loan transaction and the county-level eRecording acce

Investors 466

Investors Clients Development Marketing 466

Appraisal Buzz

DECEMBER 20, 2021

Federal regulators require banks to prepare documentation that fully explores their response to potential market forces that could put stress on their institutions or the broader economic system. Rarely do sub-processes of mortgage loan origination have the opportunity to undergo similar stress tests. That changed in March 2020 when the COVID-19 virus struck.

Valuation 367

Valuation Inspection Appraisal Lending 367

George Dell

DECEMBER 22, 2021

If education regurgitates only prior ‘established, time-tested’ methods, nothing happens. This is the fourth in our series on how progress in appraisal is stymied by the five frictions: process, standards, education, client expectation, and regulation. We will end this series after the new year with a simple, yet comprehensive, mystery solution. Stale education perpetuates appraisal […].

Appraisal 195

Appraisal Clients 195

The Appraiser Coach

DECEMBER 21, 2021

Cloning or templates? What is the best for you? How do you start your appraisal reports? Various other software programs have different ways but, in general, we’re going to talk. Read More.

Appraisal 195

Appraisal Advertising Real Estate Agent Government 195

Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. The 15-year-fixed-rate mortgage averaged 2.30% last week, declining from 2.34% the week prior. A year ago at this time, it averaged 2.19%.

Mortgage 458

Mortgage Technology Housing Market Marketing 458

Appraisal Buzz

DECEMBER 24, 2021

Commercial appraisal review assignments flow from different types of clients, each with their own intended use, required scope of work, and set of concerns for the reviewer to be aware. The intended use and the intended user are equally as relevant in an appraisal review assignment as they are in any appraisal assignment. Everything in the appraisal review report should be directed to being understood by the intended user(s) for their intended use.

Clients 195

Clients Appraisal 195

DW Slater Company

DECEMBER 23, 2021

It is hard to believe that we are wrapping up 2021. Christmas is just a few days away and we will soon welcome the new year. We want to wish you all the best this holiday season! Make sure to check out our family recipe at the end of this newsletter, our gift to you! This year has been a very busy year for real estate in North Texas with a record number of sales and rapid price appreciation.

Real Estate 152

Real Estate Appraisal Market Value Mortgage 152

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block.

Loan Officers 441

Loan Officers Retail Business Mortgage 441

Appraisal Buzz

DECEMBER 23, 2021

In its report on the November 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market, Black Knight Inc. has found that the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.59% with the month-over-month change at -4.11% and the year-over-year change at -43.29%.

Mortgage 195

Mortgage Inventory Appraisal Marketing 195

Eyes on Housing

DECEMBER 22, 2021

The latest Mortgage Bankers Association’s (MBA) weekly application surveys shows a decline for refinancing and an increase for mortgage purchase loans. The 30-year fixed-rate mortgage rate increased, averaging close to 3.3 percent for the month and was 3.27 percent for the week ending December 17.

Mortgage 146

Mortgage Marketing 146

Raleigh Realty

DECEMBER 23, 2021

Living in Raleigh, NC Find out why 70+ people are Moving to Raleigh Daily in 2022 For anyone moving to Raleigh, NC, or considering the move, you'll want to be sure to read this article first People love living in Raleigh - it even made the list of best places to live in North Carolina and is ranked 1 If you're curious about living in Raleigh, just check out all of the great affordable homes for sale in Raleigh, NC Once you finish this article (it's worth it) you may still have questions - please

Real Estate Agent 148

Real Estate Agent Realtors Real Estate Agents 148

Housing Wire

DECEMBER 21, 2021

Higher inflation, post-pandemic economic recovery and a reduction in Federal Reserve stimulus incentives are key economic factors expected to put upward pressure on interest rates as we move into 2022 — increasing the already stiff competition among mortgage lenders. Furthermore, a more competitive mortgage lending environment will only magnify the importance for lenders to have an efficient loan application and approval process.

Mortgage 440

Mortgage Tools Lending Development 440

Appraisal Buzz

DECEMBER 23, 2021

Redfin agents report millennials looking to relocate tend to be young remote workers who are moving to Miami for affordability and sunshine. The post Americans Looking to Relocate Target the Sunshine State appeared first on DSNews. The post Americans Looking to Relocate Target the Sunshine State appeared first on Appraisal Buzz.

Agents 195

Agents Appraisal 195

GoForrmz

DECEMBER 23, 2021

Ensure your remote teams are maintaining productivity, efficiency, and collaboration with digital forms As COVID-19 remains prevalent, many businesses have adopted remote or hybrid business models, resulting in the rapid adoption of digital solutions across every sector. Digital forms offer all industries the opportunity to streamline data collection, communication, and collaboration.

Business 147

Business Clients Home Improvement Construction 147

Eyes on Housing

DECEMBER 21, 2021

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the second 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) rose by 15 percentage points to.

Marketing 131

Marketing 131

Housing Wire

DECEMBER 23, 2021

The delinquency landscape continues to improve on a monthly basis, with the total delinquency rate in the nation falling to 3.59% in November, according to Black Knight ’s November mortgage monitor published this week. In October, the analytics vendor clocked the national delinquency rate at 3.74%. The 15-basis point improvement continues to point to the effectiveness of initiatives taken by policy makers and industry participants over the pandemic period to help borrowers stay in their homes.

Mortgage 421

Mortgage Inventory Finance 421

Appraisal Buzz

DECEMBER 23, 2021

Interest in moving to a new metro area remains elevated above pre-pandemic levels, with roughly 30% of Redfin.com users looking to relocate due to remote work situations. The post Miami Tops U.S. Cities for Homebuyer Destinations appeared first on theMReport.com. The post Miami Tops U.S. Cities for Homebuyer Destinations appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Appraiserblogs

DECEMBER 21, 2021

Since beginning using this Standard, I have had ZERO ROV requests. Appraisers, the latest ‘buzzword’ around appraising is Standard. We’ve got to have a Standard for measuring a subject dwelling, even though the comparable GLA reported figure may have been measured far differently from the new soon-to-be mandated Standard. Appraisers have no way of controlling the apples to oranges dissimilarities.

Reconsideration of Value 134

Reconsideration of Value Law Clients Appraisal 134

Eyes on Housing

DECEMBER 21, 2021

NAHB analysis of the Census Bureau’s quarterly tax data shows that $707.6 billion in taxes were paid by property owners in the four quarters ending Q3 2021 (not seasonally adjusted), a 0.5% quarterly decline.[1] Four-quarter property tax revenues had climbed 14.3% since decreasing 0.2% in Q2 2020. The decline in Q3 2021 was only the second such decrease since 2012.

Property Taxes 124

Property Taxes Government 124

Housing Wire

DECEMBER 22, 2021

U.S. homeowners gained a whopping $9.1 trillion of housing value over the last year, according to a report published by Redfin this week. The report noted that home-price growth and a severe shortage of inventory worked in tandem to push housing values to record highs in 2021. As a result, the value of U.S. homes grew by 31.4% from last year to a total of $38.3 trillion in November, beating a 9.7% annual increase seen in November 2020.

Home Value 421

Home Value Real Estate Housing Market Brokerage 421

Appraisal Buzz

DECEMBER 23, 2021

Prepayment activity fell by 8.9% in November to hit its lowest level in 22 months, as rising 30-year rates put downward pressure on refinance volumes. The post As Foreclosures Decline, Mortgage Delinquencies Remain Steady appeared first on DSNews. The post As Foreclosures Decline, Mortgage Delinquencies Remain Steady appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal 195

Valuation Review

DECEMBER 22, 2021

Once again, the holiday tradition finds Valuation Review asking appraisers what their ideal gift from Santa Claus is this year. We certainly found a variety of items both underneath the tree and inside the stocking. Read on to find out what appraisers are hoping to unwrap this year.

Valuation Review 78

Valuation Review Appraisal Valuation 78

Eyes on Housing

DECEMBER 20, 2021

Nonfarm payroll employment increased in 43 states in November compared to the previous month while seven states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 210,000 in November, following an upwardly revised increase of 546,000 jobs in October. On a month-over-month basis, employment data was strong in.

Construction 94

Construction Marketing 94

Housing Wire

DECEMBER 20, 2021

Detroit-based platform Rocket Companies , the parent of Rocket Mortgage , announced on Monday it is acquiring the personal finance app Truebill for $1.275 billion in cash. The acquisition, expected to close prior to the end of the year, is a step toward a centralized platform for clients to manage their financial lives, the company said. It’s also a step to diversify as mortgage volume slows.

Clients 419

Clients Design Mortgage Finance 419

Appraisal Buzz

DECEMBER 23, 2021

Two new Divisional Managers are added to oversee operations in Guaranteed Rate’s markets in the West. The post Guaranteed Rate Names New Divisional Managers appeared first on theMReport.com. The post Guaranteed Rate Names New Divisional Managers appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Marketing 195

GoForrmz

DECEMBER 22, 2021

Streamline your window and door installation processes by transforming your paper documents into dynamic online forms For window and door professionals, utilizing online forms can better organize your inspection, quote, and installation processes. To ensure that the entire process of installation runs smoothly, you need to be equipped with the right tools to obtain critical information, store it properly, and relay it back to the team and customer for the next steps.

Inspection 78

Inspection Business Tools 78

Appraisal Hub

DECEMBER 22, 2021

Buying or selling real estate is likely one of the biggest and most rewarding investment deals you will ever make. But it can easily become a daunting process when you realize the potential risks. Appraisers in Toronto can help you make an informed decision before you buy or sell a property. With a home appraisal, you can position yourself more confidently in the market.

Real Estate 78

Real Estate Appraisal Property Appraisal Market Value 78

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. The pronouncement was more than 40 years coming, and arrived after both the Consumer Financial Protection Bureau and the Federal Housing Finance Agency had publicly weighed in on the issue.

Lending 410

Lending Finance Development Law 410

Appraisal Buzz

DECEMBER 23, 2021

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 3.05%. “The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease,” observes Sam Khater, Freddie Mac’s Chief Economist. “As the year comes to a close, the housing market is proceeding steadily.

Mortgage 195

Mortgage Housing Market Appraisal Marketing 195

GoForrmz

DECEMBER 21, 2021

Join the paperless initiative and go digital by leveraging mobile forms for all your invoicing needs Many businesses are still stuck with PDFs and paper-based documentation, resulting in administrative burdens across various departments. Leveraging paper for invoice tracking makes it difficult to optimize processes, improve efficiency, elevate the quality of data collection, and nearly impossible to report on incoming data.

Clients 78

Clients Business 78

Valuation Review

DECEMBER 20, 2021

Valuation Review concludes its coverage of the “Addressing Bias in Real Estate & Promoting Fair Housing” session conducted at the 2021 Appraisal Summit conference from Las Vegas. Certified Residential Appraiser Melissa Bond and the Appraisal Subcommittee Executive Director Jim Park shared their thoughts and perspectives on what is a highly talked about subject.

Valuation Review 78

Valuation Review Appraisal Valuation Real Estate 78

Housing Wire

DECEMBER 24, 2021

As we turn the page on 2021, it’s important to check in with ourselves and identify what we are leaving in the past and what we are taking with us into the new year. To some, that exercise might translate to forming resolutions. I’m taking a slightly different approach, however, by opting to reflect on wise words and research that have shaped my career path and how I can draw from these in 2022.

Inventory 410

Inventory Development Business Mortgage 410

Appraisal Buzz

DECEMBER 23, 2021

New Farmers Branch location, to be led by Manager Leeland Bissett, expands the company’s Southwest footprint. . The post Planet Home Lending Opens Fifth Texas Office appeared first on DSNews. The post Planet Home Lending Opens Fifth Texas Office appeared first on Appraisal Buzz.

Lending 195

Lending Appraisal 195

GoForrmz

DECEMBER 20, 2021

Check out our year in review and discover the most popular GoFormz blogs of 2021 And just like that, 2021 is coming to an end. From growing our incredible team to announcing powerful Template Editor optimizations, new partnerships, and integrations, it’s been a big year for GoFormz. Check out the top blogs of 2021 below: Free Form Download: The Digital Health Assessment Form Discover the fields and features that can streamline health assessments and screenings for your workplace and team.

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