East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. You may need to hit an even lower loan-to-value ratio for several years after signing.

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Appraisal Renovations Insurance Home Value 52

Appraisal Today

MAY 10, 2024

This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.” The mortgage loan officer handling the loan? Was it the borrower? A Zillow Zestimate?

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Reconsideration of Value Appraisal Real Estate Insurance 71

Genworth MI Blog

AUGUST 31, 2022

Q: How do automated valuation models (AVMs) come into play in the appraisal process? From a mortgage insurance perspective, appraisal reviewers are trying to find out not what is wrong but what is right and want to work alongside the appraisers and underwriters to do so. Never miss a post by subscribing to the Enact MI Blog!

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Inspection Appraisal Marketing Appraisal Process 78

Genworth MI Blog

JULY 13, 2023

Risks lenders should consider Over the years the appraisal review process has grown, along with many resources that allow for data validation, and Automated Valuation Model (AVM) products that offer details for sales in the area. Source: David Foster is a Senior Real Estate Appraiser at Enact Mortgage Insurance.

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Appraisal Inspection HOA Real Estate 78

Housing Wire

JULY 9, 2021

So much of life radiates from both the location and the valuation of the house a family occupies. The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences. Of these, one stands tall: valuation.

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Real Estate Business Valuation Technology 450

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow. Halbrook said.

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Mortgage Technology Loan Officers Investing 384

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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Insurance Real Estate Technology Loan Officers 370

Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home.

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Appraisal Inspection Appraisal Process Real Estate Agent 91

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

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Housing Market Marketing Brokerage Real Estate 441

Housing Wire

SEPTEMBER 21, 2023

But the truth is, there are components outside of our realm today that include mortgage and title and insurance. Our view of the world is that everything that happens in homeownership, post-close, is going to actually all connect one day. JK: I think that’s going to be the evolution.

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Technology Real Estate Agents Design 410

Appraisal Today

OCTOBER 14, 2022

Lenders want fire insurance for all mortgage loans. What if there is no insurance available, very limited coverage, or only very expensive insurance? Or insurance problems for flooding, hurricanes, or other natural disasters. For example, Florida homeowners have had many problems getting flood insurance.

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Appraisal Insurance Real Estate Business 52

AmeriMac

MARCH 29, 2024

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Appraisal Today

AUGUST 13, 2023

2023 E&O Insurance Brokers Risks of Expert Work by Claudia Gaglione, Esq A long article from Claudia with 4 very good case studies. In valuation we can either go out further in distance for comps or go back in time in the immediate neighborhood. Why are appraisers using older sales? For a balanced view of things, why not do both?

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Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. I had appraised many of the homes that burned down.

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Appraisal Architecture Business Contracts 52

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” To create new capacity for the industry, new approaches to valuation that are faster and better, and less prone to bias. Interview with Ribbon Co-Founder & CEO Shaival Shah.

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Sellers Agents Real Estate Buyers 69

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. Under MSAs, a lender or title insurer markets the services of a real estate agent or brokerage, and vice versa, in exchange for a set fee. For lenders and brokerages, the risks of LOs or agents overstepping are high.

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Real Estate Agent Loan Officers Real Estate Agents 450

Housing Wire

FEBRUARY 7, 2022

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said. Many have called for reductions.

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Insurance Modernization Lending Mortgage 370