Housing Wire

NOVEMBER 8, 2023

Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. During the last refi boom, some appraisers were scheduling inspections as far as four to six weeks out, which was slowing down the entire loan transaction.

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Clear Capital

JANUARY 30, 2024

Adopting an appraisal modernization workflow can create cost and time savings for lenders and their borrowers. With the announcement of the new Uniform Property Dataset, it’s never been easier for lenders to adopt appraisal modernization programs. How do inspection-based appraisal waiver programs work?

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Birmingham Appraisal

APRIL 4, 2023

However, in recent years, the rise of data collectors has brought into question the integrity of modern appraisals. For example, a data collector may not be aware of the hundreds of items that an appraiser observes during an appraisal inspection. Data Collectors: Who Are They and What Do They Do?

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Housing Wire

FEBRUARY 20, 2024

Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation. Many reasons given for appraisal modernization stem from appraisal turnaround times.

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Housing Wire

OCTOBER 2, 2023

Hybrid appraisals require a vetted and trained third party to inspect the property and gather data — including a floor plan — and deliver it to a licensed appraiser for a desktop appraisal. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .

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Housing Wire

AUGUST 7, 2023

Tony Pistilli, general manager of valuations for Restb.ai, expressed his enthusiasm about the collaboration: “Working with Bradford, we are providing the newest and most advanced AI technology to accelerate the modernization of the appraisal process.” This is a service every appraiser needs to improve their inspection efficiency.”

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Listing Spark

APRIL 17, 2024

Consider the following three ways that modern house-flipping software can help both beginner and experienced flippers. Even adding instant messaging tools can help you quickly reach out to your preferred specialists and get inspections or services scheduled immediately. You can also bookmark contractors you’ve used before.

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Clear Capital

MAY 10, 2023

In support of the appraisal modernization policy changes, it’s imperative that we are able to provide lenders with an efficient and seamless experience,” said Kenon Chen , EVP of Strategy and Growth at Clear Capital. For borrowers, this modernization can provide upfront value certainty and reduced costs for eligible loans.

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Clear Capital

MAY 7, 2021

The modern appraisal embraces data and technology to gather data differently. 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.

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Housing Wire

JUNE 27, 2023

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. “We are excited about the integration of our platform with Lender Toolkit’s AI Underwriter.

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Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. Today’s Selling Guide update for 1004 Desktop appraisals signal the industry-wide adoption of modern appraisal methodologies.

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Listing Spark

MARCH 18, 2024

In modern practices, there are plenty of online tools homeowners can use to navigate the market, negotiate deals, and successfully sell their homes without hiring a real estate agent. 6 Tools That Make Modern FSBOs Easier to Manage The internet is full of useful tools and services that are designed to support FSBO sales.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Clear Capital

MARCH 2, 2023

Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management Reno, Nev.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. This interview has been edited for length and clarity.

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Appraisal Buzz

MARCH 21, 2022

Learn about all of the features in RemoteVal – a free inspection app for appraisers. Mark : Remote Virtual Inspection is the key new technology that allows appraisers to visually “verify” on the date of inspection many of the relevant characteristics and conditions of a home. Buzz : Can we have your background in the industry?

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Clear Capital

AUGUST 30, 2023

Direct integrations such as AURA equip our customers with market-leading solutions today, and position them for the appraisal and valuation modernization changes being implemented by the agencies.”

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Town & Country Residential Appraisals

MAY 15, 2023

In recent years, Fannie Mae has been working towards what they call Valuation Modernization. This is when someone, most likely not an appraiser, inspects the property for the lender and provides them with the property data. The newest product Fannie Mae just rolled out is called valuation acceptance + property data.

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Housing Wire

MARCH 10, 2023

” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Housing Wire

OCTOBER 10, 2023

This is because hardwood floors have a certain modern, luxury appeal to them that can change the entire feel of a home. The good news is that if a roof is newer or has been well-maintained, then a few repairs can ensure no red flags are brought up during the buyer’s inspection.

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GoForrmz

MARCH 18, 2024

For example, if a GoFormz user were completing an animal health inspection, they could include Image fields to document hazards and concerns to help illustrate captured data. Users can also include GPS data detailing the location of the inspection. This eliminates delays and provides the vital healthcare needed as quickly as possible.

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Housing Wire

AUGUST 8, 2022

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. “By offering a free version of our mobile scanning technology in the U.S.,

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Clear Capital

MARCH 1, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Through Application Programming Interface (API) tools, partners can readily integrate modern valuation tools directly into their own systems to enhance their customers’ experience. March 1, 2022 —. Caliber Corporate Advisers for Clear Capital.

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Housing Wire

MARCH 23, 2021

This scarcity catapulted appraisal costs and cycle-times running into three to four weeks in many cases and highlighted the growing need for appraisal modernization, including technological and data-driven solutions and other appraisal alternatives. HW: How does ValueLink technology modernize the appraisal practices?

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Town & Country Residential Appraisals

APRIL 17, 2023

In recent years, Fannie Mae has been working towards what they call Valuation Modernization. This is when someone, most likely not an appraiser, inspects the property for the lender and provides them with the property data. The newest product Fannie Mae just rolled out is called valuation acceptance + property data.

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Housing Wire

AUGUST 3, 2022

Both are alternatives to the traditional appraisal, and potentially reduce the amount of time an appraiser spends driving to and performing an on-site inspection. “The tech involved in those modernized products prevents human to human interaction,” Oglesby said.

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Most would agree (me included) that the appraisal process is long overdue for modernization — a 2022 Fannie Mae survey showed 94% of lenders are in favor of appraisal modernization. However, is appraisal modernization on its own enough?

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Clear Capital

MARCH 23, 2022

Last year’s acquisition of CubiCasa by Clear Capital, a national real estate valuation technology company, was just one step in the firm’s overall mission to modernize the appraisal process, a top official told Mortgage Professional America. READ FULL STORY.

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Appraisal Buzz

FEBRUARY 7, 2022

Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.

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Housing Wire

MAY 31, 2021

Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. SCOUT enables remote property inspections, which has been critical during the COVID-19 pandemic,” Black Knight CEO Anthony Jabbour said.

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Housing Wire

JANUARY 25, 2022

We could soon be in a position where the majority of home inspections (including measurements, photos, etc.) For lenders who currently utilize a modern appraisal platform, they are looking to enhance the amount of communication between their LOS/POS and their AMS. The second are streamlined integrations.

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Housing Wire

DECEMBER 8, 2022

They give you the ability to scale the amount of appraisals you can do with the current appraiser population that you have, and that’s an important part of all the modernization initiatives that have been going on,” said Scot Rose, chief innovation officer at Class Valuation.

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Housing Wire

MARCH 21, 2023

Lender and appraisal management companies and other property data collection companies can now use Black Knight ‘s Scout mobile property inspection as part of the value acceptance plus property data process. It’s a welcome move for mortgage tech firms in terms of modernization in the industry.

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GoForrmz

FEBRUARY 19, 2024

However, the demands of modern engineering require a lot more than technical expertise. They require effective and modern processes, which is where digital forms come into play. Add electronic signatures to safety inspections, image fields to on-site reports, and more in our customizable form builder. No internet? No problem.

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Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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