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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. HW: With higher rates, the market for home equity lending continues to grow.

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Candescent Capital Ventures Taps Adam Johnston as SVP, Chief Program Management and Valuation Officer

Appraisal Buzz

Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. The post Candescent Capital Ventures Taps Adam Johnston as SVP, Chief Program Management and Valuation Officer appeared first on MortgageOrb.

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Class Valuation acquires Maine-based AMC PropertyVal

Housing Wire

Class Valuation , one of the largest appraisal management companies in the U.S., To partner with an industry leader like Class Valuation will benefit both our lending and appraisal partners,” Robert Strong, CEO of PropertyVal, said in a statement. Class Valuation said it would bring on AppraisalTek’s 75 full-time employees.

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Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. “There are a lot of agents that are just in the business of selling with no real idea of what it is they are selling.

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LoanDepot to IPO this week at possible $6.2B valuation

Housing Wire

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. The momentum for non-bank lending is here to stay. “The billion to $2.6

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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. million seed round for its Canadian real estate valuation platform. The post Tomo raises $40M Series A, hits $640M valuation appeared first on HousingWire. states by the end of the year. Startup HonestDoor also raised a $2.2

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How to vet private money lenders for real estate investing

Housing Wire

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed.