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ICE unveils two new property valuation solutions

Housing Wire

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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How AI is changing the valuations process

Housing Wire

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. What are the most common valuation products for HELOCs and second-lien mortgages?

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Tomo raises $40M Series A, hits $640M valuation

Housing Wire

The fundraise more than doubles Tomo’s valuation to $640 million. It included participation from existing investors Ribbit Capital , NFX and Zigg Capital. New investors Telesoft Partners and proptech VC Parker89 also participated in the round, which brings Tomo’s total funding raised to date to $110 million.

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The Coronavirus Home Valuation Test

Appraisal Buzz

Without accurate collateral valuation, lenders could not properly underwrite new loans. The appraiser’s standard is still a valuation that is believable, regardless of whether they get access to the interior of the property or not. The post The Coronavirus Home Valuation Test appeared first on Appraisal Buzz.

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Divvy Homes hits $2 billion valuation after latest funding round

Housing Wire

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. The post Divvy Homes hits $2 billion valuation after latest funding round appeared first on HousingWire.

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MCT taps Jennifer Kennelly for investor services team

Housing Wire

Mortgage Capital Trading (MCT) announced the appointment of Jennifer Kennelly as the new senior director of its investor services team. MCT, which focuses on pipeline hedging, execution loan sales, MSR portfolio valuations, mark to market services, centralized lock desk services and its capital markets software platform called MCTlive! .”

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Opendoor could make public debut via reverse merger at $5B valuation

Housing Wire

Opendoor , the largest instant home buying platform in the country, could debut on the public market at a $5 billion valuation, according to a new report. billion from investors and was most recently valued at $3.8 The post Opendoor could make public debut via reverse merger at $5B valuation appeared first on HousingWire.

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