Housing Wire
FEBRUARY 14, 2024
Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. Late fees and commissions on optional insurance can also increase revenue.
Housing Wire
FEBRUARY 14, 2023
Modern software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house. There is still evidence that higher LTV loans with Private Mortgage Insurance are attractive to buyers who don’t have much money saved up for a down payment.
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Housing Wire
JULY 12, 2022
Its appraisal modernization pilot, which used hybrid appraisals, showed an 18% point reduction in confirmation bias compared with traditional appraisals, which rely on human observations and, as such, potentially could be riddled with overt or subconscious bias. The prospect of reducing appraisal costs at scale is tantalizing.
Appraisal Buzz
MAY 31, 2021
These color codes were designed to indicate where it was safe to insure mortgages. Anywhere African Americans lived or lived nearby, were colored red to indicate that these neighborhoods were too risky to insure mortgages. an appraiser trainee must be mentored and trained by an experienced licensed or certified real estate appraiser.
McKissock
MARCH 6, 2023
Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. This includes warranty that the property is safe, sound, and structurally secure.
McKissock
MARCH 6, 2023
Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. This includes warranty that the property is safe, sound, and structurally secure.
Housing Wire
JANUARY 29, 2024
Meanwhile, homeowners insurance is increasingly becoming a bigger issue for consumers and servicers. In California, Texas and Louisiana, as well as portions of other states that are at risk for natural disasters , just getting homeowners insurance is getting more difficult as large insurers stop writing coverage.
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