Housing Wire

JULY 24, 2023

The firm announced Friday that it is incorporating Public Resource Code (PRC) 4291 inspection data into its WFMS. Typically, insurers obtain proof that a property has passed inspection from the policyholder. Started in 2016, the inspection database is maintained by the California Department of Forestry and Fire Protection (CAL FIRE).

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Housing Wire

OCTOBER 18, 2024

It also has solutions for appraisal report writing and data gathering, along with a mobile app for appraisals, floor plans, and property inspections. It makes property inspections simple, allowing appraisers to take their mobile devices with them to inspect properties on the go.

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Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. Cook also feels like reverse mortgage professionals are potentially great partners for home inspection businesses.

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Housing Wire

JULY 27, 2022

Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . ’s largest home inspection services providers, to offer customers instant repair estimates. .

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Housing Wire

JANUARY 28, 2025

Property preservation borrowers were subject to Mr. Cooper’s property inspections between June 2011 and December 2017. Other properties also had subsequent inspections within 90 days of the lock change to confirm they were occupied. Cooper falsely flagged certain properties as vacant and changed the locks to prevent entry.

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Appraisal Buzz

NOVEMBER 1, 2024

The integration of Restb.ai’s computer vision technology will offer lenders and valuation providers a streamlined process that works seamlessly across all products, including BPOs, appraisals, evaluations and inspections. customers/appraisals-inspections. Learn more about Restb.ai valuation services at restb.ai/customers/appraisals-inspections.

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Appraisal Buzz

NOVEMBER 13, 2024

home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.

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Appraisal Buzz

DECEMBER 11, 2024

In 2018, Fannie Mae launched its Pre-Foreclosure Property Preservation Program, offering mortgage servicers the opportunity for Fannie Mae to handle the management of inspection and preservation activities on delinquent loans secured by vacant properties. We are exploring batching inspections. How is AI impacting the sector?

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Housing Wire

OCTOBER 31, 2024

Restb.ai’s technology will be compatible with broker price opinions, appraisals, inspections and forms. “By Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai is designed to allow an AI-powered system to analyze photos of a property for identification and verification purposes.

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Housing Wire

APRIL 14, 2025

A significant portion (65%) also addressed potential inspection issues, or undertook major renovations such as kitchen or bathroom overhauls (59%). The most common move has been to contact a real estate agent (36%), followed by conducting a home inspection (27%) and actually listing the home for sale (22%).

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Housing Wire

FEBRUARY 28, 2025

With less competition, some buyers are backing out during the inspection period, hoping for a better deal. A growing supply of available homes is giving buyers more flexibility to walk away if issues arise during inspections, Redfin added. Meanwhile, pending home sales hit a record low for January, excluding the early pandemic months.

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Housing Wire

OCTOBER 5, 2021

One such way a buyer could make their offer more appealing is by waiving an inspection. In 2021, 65% of sellers reported that they received at least one offer that waived an inspection , but 88% of successful buyers said they got an inspection prior to finalizing their home purchase.

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Sellers Inspection Buyers Finance 545

Appraisal Buzz

JANUARY 9, 2025

HUDs rule will reduce administrative burden by aligning utility allowances with other HUD programs, reducing duplicative inspections by accepting NSPIRE performed for other funding sources, reducing administrative burden of performing income determinations by accepting determinations performed for other funding sources.

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Housing Wire

MAY 27, 2025

The same applies to city inspections, which take place at the factory. Few surprises mean very few glitches with inspections. Prefabs require all the same building permits as custom ADUs and must pass the same city inspections. There are few surprises when youve built the same ADU multiple times before.

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Appraisal Buzz

MARCH 31, 2025

I conducted my appraisal inspection as quickly and efficiently as I could and went on to the next unit. The second one occurred just this week, at a fourplex in a suburban setting, but at the end of the appraisal inspection. I recognized her as someone who was in the first unit I had inspected.

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Housing Wire

DECEMBER 27, 2024

The new rules apply to both appraisal waivers and inspection-based waivers , which leverage property data collected by a trained and vetted professional. Maximum loan-to-value (LTV) for appraisal waivers on home purchases will increase from 80% to 90%, and LTVs for inspection-based appraisal waivers will increase from 80% to 97%.

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Housing Wire

NOVEMBER 4, 2024

In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause. I grew up in an 1850s farmhouse and was not going to skip an inspection or an appraisal contingency.

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Appraisal Buzz

APRIL 7, 2025

After the 2021 Surfside condo collapse, Florida enacted a law requiring inspections for buildings three stories or taller once they reach 30 years old. Inland Florida Leads in Condo Inventory Gains With rising HOA fees and looming inspections, some inland condo owners are opting to sell. Condo inventory in inland Florida surged 37.5%

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Appraisal Buzz

APRIL 9, 2025

This solution became essential for post-disaster inspections during hurricane season. Using mobile video streaming, Valligents virtual inspection team guides property contacts through the process, completing 1004D orders in hours. Virtual inspections cost less than half of the onsite alternatives and accelerate loan closings.

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Appraisal Buzz

OCTOBER 28, 2024

With the new technology being brought forward in collaboration with technology partner, Jaro, Opteon has seen major improvements to turn-times among staff appraisers who use Jaro’s mobile inspection tool, JaroInspect. Appraisers complete an appraisal 42% faster after inspection when using JaroInspect.

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Housing Wire

MARCH 20, 2025

Coordinating property inspections and updated valuations helps maintain collateral value, protecting long-term investment integrity. Compliance with state and investor guidelines, managing temporary payment suspensions, fee waivers and loan modifications, all ensure portfolio stability.

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Housing Wire

DECEMBER 11, 2020

Are borrower-assisted inspections here to stay? The relaxed lending standards allowed the GSEs to use “appraisal alternatives to reduce the need for appraisers to inspect the interior of a home for eligible mortgages.” Presented by: CoreLogic.

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Housing Wire

FEBRUARY 19, 2025

Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Walk your client through all the pieces of their offer, including price, inspection timelines, closing dates, contingencies and any due diligence or earnest money deposits.

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Appraisal Buzz

DECEMBER 26, 2024

I complete each of my inspections with the same level of respect and attention to detail as I would want from someone appraising my own home, said Appraiser Trainee Alex Collett. It is during these fluctuating phases, more than ever, that lenders rely on top levels of quality and dependability when it comes to the services they provide.

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Appraisal Buzz

JANUARY 27, 2025

There are lots of appraisal management companies and lenders out there that allow trainees to inspect properties. If you put in the initial effort to get your trainees up to speed on inspections (and stay accurate and transparent in reporting the inspector), trainees can help you get more reports out the door.

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Housing Wire

APRIL 17, 2024

JaroInspect JaroInspect is the mobile inspection tool in the Jaro suite of appraisal tools. 2 The JaroInspect app quickly completes property inspections and utilizes a range of workflow tools to expedite user processes and enhance efficiency. #3 It is now introducing LIDAR floor plan technology to expedite the submission process.

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Appraisal Buzz

APRIL 8, 2025

The platform supports mortgage lenders, servicers, and investors with solutions such as PCR+AVM for home equity and portfolio lending, Uniform Property Data (UPD) for first mortgage valuations, and disaster inspections to assess property conditions in FEMA-declared disaster areas.

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Appraisal Buzz

MARCH 5, 2025

As a result, some house hunters backing out during the inspection period because a better house for them has come along or at least the promise of a better house. High mortgage rates and high home prices combined with economic uncertainty are causing some would-be buyers to change their minds.

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Housing Wire

APRIL 15, 2025

Physically inspect vacant properties or have someone do so periodically. But the bureau stresses that homeowners and real estate professionals must remain on high alert, and it offers the following guidelines: Tips for property owners Monitor property records regularly through your local county clerk or assessors office.

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Housing Wire

JUNE 9, 2025

Examples provided are “Agent Visual Inspection Disclosures” — which are required by California state law — commercial sales and leasing activity. But Diaz said there are “legitimate and lawful business interests” in hiring licensed agents for tasks that don’t require NAR membership or services related to membership.

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Real Estate News

DECEMBER 23, 2024

These evaluations have the potential to make or break a transaction, and many buyers will have questions about whats involved and whats at stake.

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Housing Wire

SEPTEMBER 22, 2023

The AAR consists of an onsite property inspection completed by a local and licensed real estate agent or broker. That information is then provided to a licensed appraiser in the state who reviews the pertinent information within the inspection to set and support an opinion of value on the property.

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Housing Wire

MAY 12, 2025

At the end of the day, getting a building inspection is critical. We always take a close look at the plumbing and electrical systems, along with the concrete foundations and the roof. Most of the old homes in Cleveland have basements, so we also look for any signs of water intrusion.

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Housing Wire

APRIL 18, 2025

Third-party inspections Although city and county inspectors verify code compliance, hiring an independent home inspector can provide additional peace of mind. Some builders offer extended rate locks or float-down options to help buyers manage this risk.

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Construction Realtors Logistics Buyers 353

Housing Wire

AUGUST 8, 2023

Jaro Jaro technology is transforming the mortgage industry by offering appraisers a more efficient way to deliver final inspections right from the field. JaroInspect is the industry’s only compliant software that generates a 1004D inspection from the field. 2 Automatically pulls in all prior data from previous appraisal reports. #3

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Final Inspection Inspection Technology Clients 370

Housing Wire

JANUARY 29, 2025

Property inspections rank No. Medium to large brokerages are most likely to adopt, scale and implement AI in their operations. Meanwhile, smaller brokerages are less likely to use AI on a large scale. 1 as the most common use case for AI.

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Appraisal Buzz

JUNE 9, 2025

He will play a key role in driving adoption of the company’s flagship services—NCCI CONNECT, NCCI VERIFY, and NCCI eVERIFY—which collectively support REO asset management, business verification, inspections, remote notary services, and borrower outreach initiatives.

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