Housing Wire

MARCH 21, 2023

The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative. The list includes some of the biggest names in the mortgage tech space — Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

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Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Appraiserblogs

JULY 22, 2022

To establish an independent agency to be known as the Federal Valuation Agency that would oversee the appraisal industry in the name of “equity.” Secret HUD Meeting on 'Appraiser Bias' The exclusion of the appraisal profession from events looking at valuation bias sends the message – intentional or not –….

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Housing Wire

NOVEMBER 28, 2023

Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs).

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Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). ” Another trade group weighed in on the newly proposed rule.

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Housing Wire

SEPTEMBER 7, 2023

The appraisal industry is under scrutiny from various federal agencies and the government-sponsored enterprises over claims of racial bias. Those agencies and GSEs are also pushing more use of automated valuation models (AVMs).

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Appraiserblogs

OCTOBER 12, 2022

The government wants to move to a fully automated appraisal format, and the more that they can dirty the narrative in their favor, the quicker they get to their objective… This just in: In a recent memo, the CFPB wants you to know that if you are buying a home, that you can contest your appraisal. A lot of appraisers feel that way.….

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Housing Wire

APRIL 6, 2023

At the first ASC hearing in January, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra took aim at the dysfunctional regulatory system that governs the appraisal industry. “I I think not many people understand how this byzantine system works,” Chopra said. He called for the system to be dismantled and created from scratch.

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Housing Wire

AUGUST 8, 2023

Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. These features ensure compliance with internal credit policies, government sponsored enterprise (GSE) guidelines and investor overlays, thereby expediting the loan closure process.

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Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The intent is to create a set of standards that increase confidence in the use of AVMs, according to the announcement.

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McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

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Housing Wire

MARCH 1, 2024

government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. Attorneys for Hild and the government have been at odds for the better part of a year over restitution.

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Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Fannie Mae approved six vendors for its controversial new valuation initiative a few days later.

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Housing Wire

NOVEMBER 6, 2023

Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.

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Valuation Review

NOVEMBER 15, 2021

Valuation Review caught up with Appraisal Institute Government/External Relations Director Bill Garber to get his thoughts on demands exceeding supply concerns pertaining to valuation. Garber was part of a recent webinar panel that addressed this topic. Read on for more of the conversation.

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Housing Wire

MARCH 15, 2023

Seelig’s mandate is to “help Fannie Mae fulfill its mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America,” according to a statement from the government-sponsored enterprise (GSE).

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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

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Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. Areas more exposed to such risk are likely to see increased volatility in valuations.” The post Going to Extremes appeared first on Appraisal Buzz.

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Housing Wire

APRIL 9, 2021

The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services for investors, government agencies, servicers and lenders. The transaction occurred around the same time that investment firm Gridiron Capital acquired Class Valuation , a technology-enabled appraisal management company.

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Housing Wire

JUNE 21, 2023

At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry.

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Clear Capital

APRIL 23, 2024

Story from Valuation Review Earlier this month, the government-sponsored enterprises launched the new Uniform Property Dataset. Valuation Review spoke with Dan McAlister, vice president of product management at Clear Capital, for his thoughts on the launch and how it will affect the appraisal profession moving forward.

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Housing Wire

MAY 27, 2022

The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”. The requirement also applies to mortgage lenders, legal experts say.

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Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We looked at this as not just an adjustment to the current market climate, but also looking at the current shift that’s happening in the valuation industry.

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Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisal waivers, hybrid appraisals, automated valuation models, all based on the last 13 years of data collection by an entity I will call Goliath has created a paradoxical inversion of.

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Housing Wire

SEPTEMBER 28, 2021

“We have 10 times more AMCs per capita than New Zealand and Australia,” said Lyle Radke, director of collateral policy at the powerful government-sponsored enterprise. Why is that?”. But they might “circumvent” operations especially when the entire appraisal industry is under fire.

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Appraisal Buzz

JUNE 3, 2021

Today we have Bill Garber, Director of Government and External Relations from The Appraisal Institute giving a deeper look with Joan Trice, Founder of Allterra Group, LLC. What is the Valuation Fairness Act? In today’s Buzzcast, we dive into the topic of the new legislation happening and how it’s affecting appraisers.

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Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate.

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Appraiserblogs

MARCH 28, 2024

Lanham, 20/20 Valuations, and loanDepot.com, U.S. This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. Connolly and Mott v. District Court, Maryland.

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Housing Wire

NOVEMBER 17, 2022

The residential appraisal space has been rocked by increased federal scrutiny over the past two years, with several agencies studying whether appraisers let racial bias change their valuations. In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time.

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Clear Capital

NOVEMBER 3, 2022

AppraisalWorks , Clear Capital Announce Partnership to Streamline Appraisal and Valuation Review for Lenders. Banks, credit unions, loan servicers and mortgage lenders now have access to a suite of tech-enabled products for property valuation.

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Housing Wire

NOVEMBER 3, 2020

Black Knight’s proven PPE delivers the tools lenders need to create and maintain an extremely competitive product offering, providing the ability to choose from thousands of leading conforming, non-conforming, jumbo, and government products—even supporting a lender’s in-house portfolio products.

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Valuation Tools Clients Mortgage 381

Housing Wire

NOVEMBER 12, 2021

A National Association of Realtors (NAR) committee head recommended Friday that the federal standards governing real estate appraisals loosen up. Gregoire also said his committee is “actively working” with the NAACP and Urban Institute to address biased appraisals that widen the home valuation gap.

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Housing Wire

OCTOBER 4, 2023

Top recommended AI application ideas included compliance, underwriting and property valuation. About 22% of surveyed lenders responded they started deploying AI or ML on a limited or trial basis, a jump from only 13% in 2018. A total of 242 senior executives from 219 lending institutions completed the survey between Aug.

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Housing Wire

MARCH 9, 2023

The move, which was widely expected, sets the specter for a legal challenge between Atlanta-based ICE and the federal government. The two companies also amended their deal terms to reduce the valuation of Black Knight to $11.8 billion, about 11% lower than the valuation when the agreement was announced last year.

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Housing Wire

JANUARY 3, 2022

Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. According to a recently published study by the U.S.

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Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”. How Freddie Mac is addressing affordable housing challenges. Presented by: Freddie Mac.

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Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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