Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. among subprime loans.

Contracts 461

Contracts Mortgage Law Sellers 461

Housing Wire

JANUARY 14, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. To that end, the GSEs will accept alternative forms of employment verification, including a recent paystub, to ensure lending can continue.

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

JUNE 7, 2022

From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Smaller mortgage originators often deal with this problem by throwing more people at it. We’re seeing mortgage executives and workers retiring at record rates.

Lending 352

Lending Mortgage Technology Modernization 352

Housing Wire

OCTOBER 12, 2021

Purchasing a home is one of the biggest investments most people will make in their entire lives, but the complexity of securing a mortgage can be a grueling and fractured process for first-time homeowners. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions.

Lending 365

Lending Technology Investing Loan Officers 365

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. To that I say, timing is everything in real estate.

Inventory 405

Inventory Lending Inspection Real Estate 405

Appraisal Buzz

JULY 29, 2024

in 2023 compared with 2022, while debt outstandings increased 8.3%, according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study. The elevated mortgage rate environment slowed servicing runoff, and utilization rates also increased. HELOC and home equity loan origination volume increased 1.5% in 2025.

Inspection 195

Inspection Valuation Renovations Lending 195

Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process. ZL: Consolidated Analytics recently rolled out a ‘Quality Control Checklist.’

Lending 412

Lending Tools Investors Inspection 412

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

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Inspection Appraisal Construction Clients 105

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof, etc.

Inspection 158

Inspection Sellers Buyers Realtors 158

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). These disclosures include the annual percentage rate and payment schedules.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients.

Lending 362

Lending Clients Investors Training 362

Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections.

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Valuation Appraisal Inspection Appraisal Process 412

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

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.

Appraisal 195

Appraisal Inspection Lending Technology 195

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Currently, the appraisal process is the biggest issue facing the mortgage industry,” the mid-sized lender said. “It

Modernization 493

Modernization Appraisal Lending Investing 493

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. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

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Loan Officers Retail Finance Buyers 423

Housing Wire

AUGUST 5, 2022

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process.

Appraisal Process 416

Appraisal Process Modernization Appraisal Logistics 416

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?

Inspection 96

Inspection Appraisal Property Appraisal Real Estate 96

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. Answer: the appraisers that paid attention to policy changes and the inner workings of the mortgage industry.

Appraisal 435

Appraisal Inspection Lending Business 435

Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Why should the mortgage process be any different? Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers.

Mortgage 429

Mortgage Technology Inspection Appraisal 429

Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). We need to do this starting today to stay relevant and remain a viable option in the lending process! What am I talking about? Some of these have been around for many years.

Modernization 367

Modernization Inspection Appraisal Technology 367

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. To learn more about Tavant’s Touchless Lending platform, click here. You can’t ignore it.

Technology 386

Technology Appraisal Lending Valuation 386

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

Construction 403

Construction Real Estate Agent Loan Officers Inspection 403

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. 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.

Inspection 451

Inspection Sellers Buyers Tools 451

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

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.

Lending 99

Lending Appraisal Property Taxes Training 99

Appraisal Buzz

DECEMBER 20, 2021

Rarely do sub-processes of mortgage loan origination have the opportunity to undergo similar stress tests. It quickly became apparent that the health risk would prevent professional fee appraisers from entering properties in order to inspect them for their appraisal reports. Mortgage servicing is a good example.

Valuation 367

Valuation Inspection Appraisal Lending 367

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 most cases, if a home buyer is getting a mortgage, an appraisal will be completed. What is a Home Inspection? They do not represent either buyer or seller.

Inspection 52

Inspection Appraisal Buyers Contracts 52

Appraisal Buzz

DECEMBER 20, 2021

December 16, 2021 — Deephaven Mortgage today announced an alliance with Incenter Appraisal Management to give Non-Agency/Non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans. However, the challenges of appraiser shortages and appraisal backlogs are slowing down lending.

Appraisal 195

Appraisal Mortgage Technology Inspection 195

Clear Capital

MAY 7, 2021

Watch this Tech Talk from Mortgage Innovators Conference 2021 to learn how appraisal modernization can help unlock a better, faster, and cheaper appraisal process while closing the gap in unfair lending practices. Collecting data in a non-biased, standardized format helps decrease the systemic racial bias found in appraisals.

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Inspection Appraisal Modernization Appraisal Process 66

Housing Wire

MARCH 10, 2023

” The participating firms, which will collect appraisal data and put it through Fannie Mae’s API, include the biggest name in the mortgage tech space: Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

Valuation 388

Valuation Inspection Training Appraisal 388

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.

Valuation 414

Valuation Technology Inspection Investing 414

Appraisal Buzz

SEPTEMBER 1, 2021

Incenter Appraisal Management ’s new RemoteVal technology works to streamline one of the biggest bottlenecks in mortgage lending: appraisals. Already being piloted nationally, RemoteVal is empowering appraisers to complete thorough, compliant appraisal inspections without ever leaving their desks.

Appraisal Process 195

Appraisal Process Appraisal Inspection Lending 195

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. ServiceLink’s unique tech-enabled mortgage services include valuations as well. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Valuation Client Relationships Inspection Clients 198

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 .

Real Estate 221

Real Estate Valuation Lending Appraisal 221

Realtor

JULY 13, 2021

Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems. Well water/septic system inspection. Mold remediation.

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Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

JULY 15, 2021

HomeFree-USA gets homebuyers mentally and financially ready for mortgage approval.”. With HomeFree-USA’s Mortgage Achievement Roadmap, Davis was able to take on each step with a trusted homeownership advisor by her side. When Davis became mortgage ready, HomeFree-USA worked with Citi to get her to closing day. Mortgage at Citi.

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Clients Development Lending Inspection 403