article thumbnail

ICE unveils two new property valuation solutions

Housing Wire

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.

Valuation 351
article thumbnail

Going to Extremes

Appraisal Buzz

Stan Middleman, Chairman and CEO of Freedom Mortgage, spoke of some insurers writing policies without coverage for wind to limit liability and losses, in response to rising instances of storm damage. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Total Home Valuex from CoreLogic leverages machine learning to simplify and standardize valuation

Housing Wire

Using an AVM helps lenders quickly and accurately get an independent assessment of collateral value, which can streamline the home buying process for them and the borrower. Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle.

Valuation 351
article thumbnail

Market Correction or Seller Panic?

Appraisal Buzz

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Fast-forward to today, and that same loan translates into a monthly payment of $1,468 – a 46% increase in monthly mortgage expense! Therefore, it begs the question: what will happen to home values?

Sellers 435
article thumbnail

GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Using automated tools to establish home values helps remove human bias, although it limits the collection and evaluation of a property’s current condition,” wrote Freddie Mac. This indicates that we cannot reject the role historic discrimination has played in the evaluation of home values.”.

Appraisal 301
article thumbnail

What does the future of AVMs look like?

Housing Wire

Unlike first mortgages, HELOCs are usually low- or no-cost products for consumers. Cost is one of the reasons why AVMs have historically been the valuation product of choice for home equity products. More advanced AVMs provide these lenders with new options, particularly for low loan-to-value (LTV) clients and HELOCs.

Valuation 260
article thumbnail

ServiceLink offers brokers constant communication and transparency into valuation and closing

Housing Wire

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

Valuation 196