Appraisal Buzz

OCTOBER 18, 2021

In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? It does take a long time to setup and get it running smoothly, but it is an investment that can help a firm run more efficiently.

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Housing Wire

SEPTEMBER 2, 2021

At an assumed $10 per share, that gets you about a $3 billion valuation.”. That money will go “invest in technology and product development, to pay transaction expenses and for other general corporate purposes including the repayment of indebtedness,” the company announced. valuation appeared first on HousingWire.

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Housing Wire

MARCH 23, 2021

million shares to the investment banks underwriting the initial public offering. Valuations are calculated by taking the total company shares, (as opposed to just shares publicly traded) which is about 400 million shares, and multiplying that by the $24.50 Presented by: Motto Mortgage. stock price offering.

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Housing Wire

AUGUST 13, 2021

Divvy Homes , the prop-tech startup that buys homes on behalf of renters and guides them to eventual ownership, announced Friday a new round of funding that nearly quadrupled its valuation to $2 billion. Landis Technologies , a company with a similar business model, hauled in $165 million in debt and equity financing less than a month ago.

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Housing Wire

FEBRUARY 8, 2021

billion valuation later this week. If all goes according to plan, loanDepot would command a valuation of $6.2 At the time, loanDepot was seeking a valuation of between $12 billion and $15 billion, Bloomberg previously reported. At the time, LoanDepot had sought a valuation of $2.4 All of this gives us enormous runway.

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Housing Wire

MAY 14, 2024

The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience.

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Housing Wire

SEPTEMBER 26, 2023

Plunk’s platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities. With Plunk, we’re getting ahead of that adoption curve and delivering home valuation, remodeling analytics and market insights to our target audiences across every digital medium—right now.” Meanwhile, Philip Hegge, U.S.

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Housing Wire

APRIL 29, 2024

Mortgage escrow is inherently complex, and the technology lift to handle the many moving parts is significant,” Tim Bowler, president of ICE Mortgage Technology, said in a statement. It also unveiled two new tools , Validate ROV and Validate Selector, that were added to its growing suite of property valuation solutions.

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Housing Wire

AUGUST 29, 2023

Reviewing appraisal imagery, an essential step in the valuation review process, is time-consuming and laborious. This technology eliminates the need for manual, multi-touchpoint review, which saves time and reduces errors. . Image Analytics is revolutionizing the valuation review process!

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Housing Wire

AUGUST 8, 2023

Plunk , an AI-powered home analytics platform, has introduced a new tool called Plunk Pro that aims to transform the real estate market by offering real-time insights into home valuation, risk assessment, and remodeling possibilities. Users can receive real-time valuation data, predictive investment analysis, and thorough risk assessment.

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Housing Wire

MARCH 1, 2023

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. “Our impending technology rollout will enable appraisers to deliver reports straight from the field,” Trice said. .

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Housing Wire

MAY 2, 2021

Nationwide Appraisal Network (NAN) is an industry-leading appraisal management company providing residential and commercial valuation services in all 50 states. NAN’s valuation solutions give lenders the chance to evaluate, select and manage appraisers based on their quality and performance.

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Housing Wire

SEPTEMBER 8, 2023

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation.

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Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. However, the report states there’s no final decision on the timing and valuation.

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Appraisal Buzz

SEPTEMBER 15, 2021

Boston, September 14, 2021 – Reggora , an appraisal software company, improving residential real estate valuation, announced today that Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal. By utilizing Regorra’s appraisal technology, Envoy’s turn-times will be faster and more efficient.

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Housing Wire

AUGUST 16, 2022

has agreed to buy mortgage servicing rights trading platform Blue Water Financial Technologies for a cool $101 million. The integration of Blue Water into the Voxtur product suite strengthens our technology foothold and places us squarely in the capital markets arena,” said Voxtur CEO Jim Albertelli in a statement.

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Housing Wire

FEBRUARY 4, 2022

Facing the difficult combination of record-breaking volume and a shortage of appraisers, many mortgage and appraisal professionals have turned to appraisal technology solutions. And it’s really important to understand how the use of technology is not a benefit, it’s a requirement.

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Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We looked at this as not just an adjustment to the current market climate, but also looking at the current shift that’s happening in the valuation industry.

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Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

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Housing Wire

SEPTEMBER 23, 2021

The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology. The partnership will allow CubiCasa’s automated floor plan sketching technology to integrate with Clear Capital’s ClearInsight Platform, a mobile property data collection application. Presented by: Incenter.

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Housing Wire

DECEMBER 1, 2021

Real estate tech provider Accurate Group announced on Tuesday the acquisition of eMerge Property Solution for an undisclosed sum, three months after receiving a strategic investment from Novacap. Accurate will retain the team, including e-Merge’s co-founder and CEO, Brandon Winters, who has over 15 years of experience in the valuation space.

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Housing Wire

APRIL 9, 2021

Canadian real estate technology company Voxtur Analytics Corp. The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services for investors, government agencies, servicers and lenders. closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5

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Housing Wire

SEPTEMBER 28, 2023

FTC sued ICE earlier this year alleging the two top mortgage technology providers would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools. Full year 2023 ICE Mortgage Technology (IMT) revenues including the legacy IMT business and pro forma for Black Knight are expected to be between $2.05

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Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs?

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Housing Wire

FEBRUARY 5, 2024

TTV Capital , Moderne Ventures , Erez Capital and other venture capital firms led the round of investment. RealReports is a real estate platform that gathers property data , ranging from climate risk to valuation, in one place. Proptech company RealReports , formerly known as BHR , has successfully secured $2 million in seed funding.

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Housing Wire

MARCH 13, 2024

While ChatGPT might be making headlines, the true killer apps of the AI revolution will add the technology to software that agents already know and love. By leveraging large datasets, these tools offer precise, data-driven valuations and insightful analysis. Visit HouseCanary 12.

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Housing Wire

APRIL 4, 2023

The investment community is still trying to unpack what Intercontinental Exchange (ICE) has in mind with the potential acquisition of Black Knight. The servicing aspect of the loan is a heavily under-invested and under-monetized area of a loan lifecycle that is perhaps the most important factor in terms of servicing, Tomasello explained.

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Housing Wire

SEPTEMBER 28, 2021

Investing in technology is not the be-all end-all when it comes to efficiency in mortgage origination. Lenders who adopt technology but don’t enforce discipline within their organization won’t see the efficiency savings technology promises. billion valuation. billion valuation.

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Appraisal Buzz

DECEMBER 6, 2021

Instead, tech innovations have started to enter the market with the goal of optimizing the appraisal process by automating key portions of a property’s valuation. A number of them have made strategic acquisitions of related technology platforms over the last few years. In addition, AMCs have been investing heavily in R&D. . .

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Housing Wire

JANUARY 12, 2023

They can do this by applying advanced technology — digital title solutions, automated inspection and appraisal tools, consumer-facing scheduling apps and eClosing solutions — and working with you to optimize your internal workflows and processes. Leading-edge technology products/solutions. Technology has made title a whole new game.

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Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Those savings will be used for additional technology improvements and produce specialized products to address “today’s housing market challenges,” he said.

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Housing Wire

MAY 24, 2022

However, they have several more pressing priorities when it comes to what they’re investing in. Despite a majority of lending institutions agreeing that adopting new technology for appraisals would be beneficial, survey takers identified several other priorities that were even more important.

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Housing Wire

OCTOBER 23, 2020

Kicking off people movers for the week, Opendoor announced it hired a new chief investment officer, naming Daniel Morillo to lead the iBuyer’s pricing and data science efforts. In Vega’s new position, she is tasked with building and maintaining successful client relationships from inception through ongoing account servicing.

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Housing Wire

APRIL 30, 2022

Technology has radically disrupted many industries in recent years. The valuation services market has yet to see that same level of impact, but the pace of change is ramping up. By equipping experienced appraisers with a holistically engineered ecosystem of technology, process and data management, they merge AI and human expertise.

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Housing Wire

MAY 17, 2022

Inco-Check has not only developed proprietary technology to support its clients, it also uses these same tools to provide a highly differentiated service offering, making it a one-stop shop for software and tech-enabled services,” said Michael Detwiler, who partnered with NGC on the acquisition, in a statement.

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Housing Wire

OCTOBER 11, 2023

. “Investors have a view of this sector in general; every company has a low valuation, and certainly in mortgages,” Martell said. ” Martell said loanDepot is investing in fundamental, underlying systems and looking at the point-of-sale technology. .” ”

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