article thumbnail

Why is now the time for lenders to modernize their appraisal processes

Housing Wire

HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. . Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process.

article thumbnail

Best practices to speed up the appraisal process

Housing Wire

In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. Now that the market is less frenzied, turn times are improving. We are effectively increasing the supply of people who can go and facilitate inspections in the industry,” Zitin said. But what if we want to close even faster? “If

Insiders

Sign Up for our Newsletter

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

article thumbnail

Porch breaks into insurtech with $100M acquisition

Housing Wire

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. In all, Porch spend $122 million, according to disclosures made to the Securities and Exchanges Commission.

Insurance 368
article thumbnail

Porch acquires mortgage software firm Floify for $90M

Housing Wire

Furthermore, in January the proptech firm acquired home insurance company Homeowners of America for $100 million, mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing.

Mortgage 390
article thumbnail

Opportunities to improve the home-building process

Housing Wire

When my wife and I were in the market to buy a house, we got frustrated working with a broker and decided to build one ourselves. The build process was a logistical nightmare from start to finish. So many times I wondered to myself, “Why are site logistics and materials managed by someone in a truck writing on a notepad?” “Why

article thumbnail

Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

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.

article thumbnail

How will appraisal technology evolve in 2022?

Housing Wire

We could soon be in a position where the majority of home inspections (including measurements, photos, etc.) WD: Reggora was founded with the goal of modernizing the appraisal industry to improve appraisal logistics and reduce turn times. HW: How does Reggora plan to contribute to appraisal innovation? appeared first on HousingWire.