Genworth MI Blog

FEBRUARY 18, 2021

Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisal inspection is typically where such interactions occur, and this can be a stressful experience for the borrower.

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Inspection Appraisal Real Estate Loan Officers 148

Housing Wire

NOVEMBER 4, 2020

In addition, servicers need to maintain relationships with a number of outsourcers who are not being paid during the moratorium, including foreclosure attorneys, eviction attorneys, inspection providers, real estate companies, appraisers, property preservation vendors and REO suppliers.

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Lending Clients Training Investors 319

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. However, in many areas of the country it does remain a seller’s market. Historically 2.5

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Realtors Housing Market Marketing Buyers 395

Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers Can Complete Virtual Inspections Independently, Be Their Own Bosses, and Prepare for a Digital Future. Once they have signed up, they will be able to create job orders, complete virtual inspections, and set their desired fees. Appraisers pay a nominal fixed cost per inspection, which they build into their client fees.

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Appraisal Inspection Lending Clients 195

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Chicago, I think, is suffering more than most markets in the United States.

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Loan Officers Retail Finance Buyers 389

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Inspection? What Is a Home Appraisal?

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Inspection Appraisal Real Estate Property Appraisal 94

CP Home Appraisals

AUGUST 27, 2018

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does. Do I need a home inspection as well?

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Inspection Appraisal Property Inspector Real Estate 78

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below. We do that.

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Lending Appraisal Property Taxes Training 99

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. The need to physically inspect each property will be replaced with data or other inspection options in many cases. You can’t ignore it. Johnson said. I think that’s a really great step.”

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Technology Appraisal Lending Valuation 368

Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Not so long ago, there were very few appraisers that knew about property inspection waivers. It may benefit you and your business to stay updated on policy as it relates to the appraisal profession.

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Appraisal Inspection Lending Business 435

Genworth MI Blog

FEBRUARY 18, 2021

Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisal inspection is typically where such interactions occur, and this can be a stressful experience for the borrower.

Inspection 78

Inspection Appraisal Real Estate Loan Officers 78

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In brief (operative word), an appraisal is an estimate of the current market value of a home completed by an appraiser using set evaluation criteria. What is a Home Inspection?

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Inspection Appraisal Buyers Sellers 52

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. In an extremely competive market? While a home inspection is a valuable way to get to know your new potential home, it can also be used as a negotiation tool.

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Inspection Sellers Buyers Tools 441

Housing Wire

OCTOBER 9, 2020

Changes to capital markets have been fast and furious over the last year in housing. “Changes in culture, society, how we all work and live – it all ends up in capital markets,” said Richard Koss, chief of research at Recursion Companies. By some accounts, the growth timeline has been compressed five years.

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Marketing Investors Technology Loan Officers 370

Housing Wire

FEBRUARY 1, 2023

It also has one interest rate with an automatic modification if the market improves once construction is complete, along with one down payment, one full credit report to order and one approval, according to the firm. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

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Construction Real Estate Agent Loan Officers Legal 397

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. Home Equity lending is another case in point. That changed in March 2020 when the COVID-19 virus struck.

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Valuation Inspection Appraisal Lending 367

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. In August, the company received a strategic investment by the private equity firm Novacap to accelerate its growth plan.

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Valuation Technology Inspection Investing 387

Riverfront Appraisals

FEBRUARY 5, 2021

In case you missed part one, go back and read all about the Final Inspection process here. The post The Loan Officer’s Guide to Appraisals Part 2: Lending on Unique Homes appeared first on Riverfront Appraisals. This post is part two of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals.

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Lending Final Inspection Appraisal Inspection 78

AmeriMac

MARCH 28, 2022

Before your mortgage loan is approved, you usually need to go through an appraisal and a home inspection. An appraisal tells you the market value of your property — while a home inspection tells you what might need to be repaired or replaced. Appraisals aren’t set in stone and they can be unpredictable in hot markets.

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Inspection Appraisal Buyers Sellers 36

Housing Wire

JUNE 30, 2021

The right mortgage services provider is essential to helping wholesale lenders and their brokers thrive in this constantly evolving market. We have a valuations team solely dedicated to the wholesale market, whose dedicated hands-on approach ensures milestones and commitments are met. Nicole Blosch, Client Relationship Executive.

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Valuation Client Relationships Clients Inspection 197

Housing Wire

SEPTEMBER 23, 2021

Remote inspections have the power to make homeowners and appraisers more comfortable. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. User-friendly for everyone.

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Appraisal Inspection Technology Appraisal Process 360

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. But some buyers in especially tight markets are taking even riskier measures to beat out competitors: They’re removing contingencies.

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Inspection Real Estate Agent Real Estate Buyers 203

Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

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Appraisal Inspection Appraisal Process Valuation 135

Housing Wire

JANUARY 12, 2023

They can do this by applying advanced technology — digital title solutions, automated inspection and appraisal tools, consumer-facing scheduling apps and eClosing solutions — and working with you to optimize your internal workflows and processes. Second, your partner should be agile in their response to evolving regulations and market needs.

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Technology Inspection Valuation Tools 385

Appraisal Buzz

OCTOBER 18, 2021

Doesn’t the idea of the free markets dictate that the best answers often lie in the private markets finding a solution? The problem with trainees in most GSE and agency (FHA, USDA, AND VA) related work is that trainees cannot inspect properties. The Problem with Trainees. That is unfortunate and disingenuous.

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Modernization Valuation Appraisal Training 370

Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. Quality Control and Quality Assurance .

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Real Estate Lending Valuation Appraisal 221

Appraisal Buzz

JUNE 27, 2022

Over the past 10 years my focus has been on developing new lines of business and ways to bring the skills we possess as valuation experts to markets outside of just lending and bank work and beyond the four walls of ‘appraisal practice.’ ’ Buzz: What does it mean to stay relevant in the industry?

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Appraisal Inspection Valuation Real Estate 195

Housing Wire

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

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Agents Buyers Sellers Inventory 407

Housing Wire

OCTOBER 29, 2021

We continually monitor volumes, market nuances and industry trends to ensure our products – and our staff – meet our clients’ needs. We’ve secured calendar availability from our notary panel at month-end, providing unrestricted closing capacity in many of our lenders’ top markets.

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Inspection Technology Clients Tools 314

Appraisal Buzz

DECEMBER 20, 2021

“With the United States seeing the largest number of unincorporated self-employed individuals in 13 years, brokers can penetrate a new market of credit-worthy borrowers with Non-QM loans. However, the challenges of appraiser shortages and appraisal backlogs are slowing down lending. About Incenter Appraisal Management.

Appraisal 195

Appraisal Mortgage Technology Appraisal Process 195

Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

The Appraiser Coach

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Housing Wire

OCTOBER 26, 2020

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes.

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Clients Valuation Technology Inspection 378

Housing Wire

JANUARY 31, 2021

ClearLabs has brought innovative solutions to the market, including OwnerInsight , a first-to-market homeowner-enabled appraisal inspection tool, available free to all lenders, appraisers, and AMCs. As head of corporate strategy, Kenon sits at the intersection of our executive, product, marketing, and sales teams.

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Valuation Technology Development Real Estate 249

Clear Capital

APRIL 30, 2024

In part one of our home equity lending series , we discussed home equity lending and how lenders can use an AVM to market to home equity customers. In this second part, we’ll discuss how to meet interagency guidelines for property valuation while expediting underwriting by using ClearAVM + Property Condition Inspection (PCI).

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Valuation Inspection Lending Real Estate Agent 28

Riverfront Appraisals

JUNE 13, 2021

So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals.

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