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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

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Desktop appraisal option to start in March

Housing Wire

The mortgage industry has been awaiting the official start date for desktop appraisals since Federal Housing Finance Agency Acting Director Sandra Thompson announced plans to allow them at an industry conference in October. Mortgage lenders have also tried to find ways to speed the appraisal process.

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Going to Extremes

Appraisal Buzz

If this trend continues, consumers and appraisers will need to have a heightened awareness of where and how insurance pricing or availability is affecting house prices.” And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

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How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Navigating appraisal challenges in today’s housing market. In these scenarios, no inspection or appraisal of any kind is performed on the property.

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Navigating capacity concerns amidst record-high volumes

Housing Wire

Working with some of the nation’s largest banks and mortgage servicers, offering asset management, property disposition, title, close, valuation, and field services through an integrated, technology-driven platform. In light of the pandemic, mortgage companies have a great opportunity to leverage digital technologies in unique ways.

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