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

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.

Inspection 105

Inspection Appraisal Construction Clients 105

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. Get More Info

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Final Inspection Inspection Clients Technology 370

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. Mortgage lenders will not pay more than they believe a house is worth.

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Inspection Sellers Buyers Agents 70

Housing Wire

MAY 2, 2021

First American offers an integrated suite of staff and network appraisal products and services, including standard appraisals, collateral inspection services and hybrid valuations through First American Mortgage Solutions’ Appraisal Management Company (AMC) and the First American Staff Appraiser Company.

Technology 431

Technology Valuation Mortgage Inspection 431

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. That savings can be passed on to borrowers.”

Mortgage 367

Mortgage Modernization Appraisal Process Loan Conditions 367

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

OCTOBER 5, 2021

This is slightly higher than the number of buyers who reported purchasing a home without a mortgage (68%). One such way a buyer could make their offer more appealing is by waiving an inspection. Overall, sellers were typically white (72%) and selling in suburban areas (51%) in the South (41%).

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Sellers Inspection Buyers Finance 545

McKissock

JUNE 17, 2022

As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Below are five remote inspection tools worth looking into. Another virtual inspection tool is HomeView by ValueLink, launched in July 2020.

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Inspection Tools Appraisal Technology 75

Housing Wire

MARCH 18, 2024

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.

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Valuation Reconsideration of Value Tools Technology 421

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

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Inspection Appraisal Marketing Appraisal Process 78

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.

Valuation 405

Valuation Inspection Modernization Training 405

Inman

MARCH 8, 2023

The CFPB alleges mortgage servicers charged excessive late fees, assessed "fake" private mortgage insurance premiums and made homeowners pay for unnecessary inspections.

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Mortgage Inspection Insurance 143

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. The post Porch acquires mortgage software firm Floify for $90M appeared first on HousingWire. The acquisition cost Porch about $76.5 Floify was founded in 2012 by Dave Sims, who is CEO of the company.

Mortgage 397

Mortgage Logistics Insurance Real Estate Agent 397

Kairos Appraisal Services

AUGUST 1, 2022

When selling your home or refinancing your mortgage, the home appraisal inspection is a crucial step in the process. Most home buyer offers are contingent on a mortgage lender approving their loan to purchase the home. But if the… The post Preparing for a Home Appraisal Inspection appeared first on Kairos.

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Inspection Appraisal Buyers Mortgage 52

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 427

Inventory Lending Real Estate Housing Market 427

Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. Are borrower-assisted inspections here to stay? The issue of appraisers needing to inspect homes as part of the mortgage process became a concern as the virus continued to spread throughout the nation.

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

OCTOBER 1, 2020

Realtor.com and Rocket Mortgage , two of the biggest companies in the digital real estate space, have formed a key advertising partnership that their competitors are sure to notice. We send them a link to get digitally preapproved through Rocket Mortgage, and we alert the agent that they’re going through this flow. .”

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Advertising Real Estate Agent Mortgage Real Estate 432

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. Getting approved for a mortgage depends largely on the outcome of an appraisal. Mortgage lenders want to make sure the property is worth the sale price.

Real Estate 450

Real Estate Appraisal Agents Inspection 450

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? The post Mortgage lenders need to lean in to consumer expectations appeared first on HousingWire. if the option was available to them.

Mortgage 421

Mortgage Technology Inspection Appraisal 421

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. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 421

Loan Officers Retail Finance Buyers 421

Realtor

NOVEMBER 7, 2023

Costs of buying a home #2: Escrow account An escrow account is basically a way for your mortgage company to make sure you have enough money to cover related taxes and mortgage insurance. Home inspection : This is critical for home buyers. Expect to pay $300 to $500 for a home inspection, although cost varies by location.

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Inspection Insurance Sellers Buyers 196

Housing Wire

OCTOBER 2, 2023

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .”

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Valuation Training Modernization Appraisal 410

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

Lamacchia Realty

MARCH 9, 2022

WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION. A common issue that many sellers are not prepared to deal with is a buyer requesting repairs after the inspection. Before someone purchases a home, a home inspection is typically done. Mortgage lenders will not pay more than they believe a house is worth.

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Inspection Buyers Sellers Real Estate Agent 64

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 Sellers 52

Housing Wire

MAY 9, 2023

“For example, there could be an appraiser already visiting a neighborhood for an inspection on a given day that would also be able to pick up an extra assignment in that area and get the appraisal done quickly,” the company said. With the Appraisal Marketplace, we’ve made getting an appraisal done as simple as ordering a ride from Uber.

Appraisal 384

Appraisal Inspection Loan Officers Mortgage 384

Appraisal Buzz

SEPTEMBER 28, 2021

Aspen Grove discusses the recovery of advances for property inspection and preservation expenses continuing to challenge mortgage servicers (Sponsored Content). The post Do You Know Where Your Advances Are? appeared first on DSNews. The post Do You Know Where Your Advances Are? appeared first on Appraisal Buzz.

Inspection 370

Inspection Appraisal Mortgage 370

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. With a changing market, home inspections are now becoming a secondary point of negotiation. Be the leader in the transaction.

Clients 432

Clients Real Estate Inspection Buyers 432

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 380

Lending Mortgage Technology Modernization 380

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Business Marketing Real Estate Legal 410

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 Clients 195

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. That’s likely because those strategies are so common in a competitive market.

Inspection 545

Inspection Inventory Buyers Sellers 545

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 Appraisal Process Inspection 410

Inman

MARCH 21, 2023

Starting April 15, Fannie Mae says more homebuyers will qualify for a program requiring full interior and exterior inspections that capture data and images throughout the property.

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Inspection Appraisal Mortgage Valuation 142

Housing Wire

MAY 20, 2024

The rest of the analyzed claims were either “apparent non-covered claims” (8%); “endorsement, title plan, search and abstract claims” (7.8%); “taxes and special assessment claims” (7%); “survey-inspection/description matters” (5.2%); “typing or policy review” (0.9%); “stakeholder/interpleader cases” (0.3%); and “disputed procedure” (0.2%), which includes (..)

Insurance 458

Insurance Inspection Government Mortgage 458