Lending and Valuation - Property Appraisal Zone

FFIEC issues statement of principles for examining appraisal and valuation bias

Housing Wire

FEBRUARY 12, 2024

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending.

Valuation

Valuation Appraisal Law Design

How AI is changing the valuations process

Housing Wire

OCTOBER 4, 2023

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.

Valuation

Valuation Appraisal Process Appraisal Lending

Figure hires banks for lending arm IPO: Bloomberg

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. for the IPO.

Lending

Lending Valuation Technology Retail

Class Valuation acquires Maine-based AMC PropertyVal

Housing Wire

DECEMBER 15, 2022

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.

Valuation

Valuation Appraisal Lending Real Estate

Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

MARCH 10, 2023

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. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

Valuation

Valuation Inspection Training Appraisal

3 misconceptions about using AVMs in home equity lending

Housing Wire

AUGUST 25, 2022

Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. Making sure you know what combination of valuation products to use at the outset in each area can save a lot of time and money.

Lending

Lending Valuation Appraisal Process Appraisal

LoanDepot to IPO this week at possible $6.2B valuation

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

Valuation

Valuation Retail Lending Real Estate Agent

Lunch & Learn : The Role of Appraisers in the Future of Valuation

Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. The post Lunch & Learn : The Role of Appraisers in the Future of Valuation appeared first on HousingWire. Hosted by Accurate Group. Sarah Wheeler Editor in Chief, HousingWire. Rick Hill Vice President, Industry Technology, MBA.

Valuation

Valuation Appraisal Appraisal Process Inspection

The Coronavirus Home Valuation Test

Appraisal Buzz

DECEMBER 20, 2021

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. Home Equity lending is another case in point. The industry was on the cusp of a serious crisis.

Valuation

Valuation Inspection Appraisal Lending

Home equity lending opportunities remain despite decline in tappable equity

Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. And as instant online automated approval and closing continues to elude home equity lending, attention has turned to artificial intelligence.

Lending

Lending Valuation Mortgage Government

Modernizing Appraisals: Collaborative Valuation

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? Bifurcation with non-appraisers is not an answer, in fact it will allow the bad actors on the lending side and AMC side to push harder.

Modernization

Modernization Valuation Appraisal Training

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

Housing Wire

MARCH 21, 2022

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. It included participation from existing investors Ribbit Capital , NFX and Zigg Capital.

Valuation

Valuation Real Estate Agent Real Estate Investors

Simplify complex lending processes with powerful analytics

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire. Added Value to Clients.

Lending

Lending Valuation Clients Tools

Statistics: Part of Modernized Valuation?

George Dell

SEPTEMBER 22, 2021

Modernized Appraisal is a necessary part of coming lending regulation. The post Statistics: Part of Modernized Valuation? Some think old methods are just fine. Others think advanced quantitative methods are necessary. What to do? Descriptive statistics” they called it. Our teachers also showed us pretty […].

Modernization

Modernization Valuation Lending Appraisal

Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

Valuation

Valuation Market Value Clients Government

FHFA extends relaxed appraisal, lending standards

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. To that end, the GSEs will accept alternative forms of employment verification, including a recent paystub, to ensure lending can continue.

Lending

Lending Appraisal Inspection Property Appraisal

Recap: Valuation Expo 2021

Appraisal Buzz

SEPTEMBER 20, 2021

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. This was originally published on hoskingappraisalgroup.com here. So what’s the consensus, you ask?

Valuation

Valuation Property Appraisal Real Estate Sellers

ServiceLink offers brokers constant communication and transparency into valuation and closing

Housing Wire

JUNE 30, 2021

ServiceLink’s unique tech-enabled mortgage services include valuations as well. We have a valuations team solely dedicated to the wholesale market, whose dedicated hands-on approach ensures milestones and commitments are met. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

Valuation

Valuation Client Relationships Clients Inspection

Stepping up the fight against fraud in mortgage lending

Housing Wire

MARCH 23, 2021

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations. Data-driven analysis.

Lending

Lending Mortgage Sellers Development

Valligent integrates with Encompass by ICE Mortgage Technology

Housing Wire

JULY 6, 2023

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass. This content was generated using AI and was edited by HousingWire’s editors.

Technology

Technology Valuation Mortgage Design

Appraisal firm Accurate Group acquires Voxtur Appraisal Services for $30M

Housing Wire

NOVEMBER 1, 2023

Voxtur primarily serves real estate finance providers and specializes in broker-price opinions (BPOs), alternative valuation methods and traditional appraisals. This past March, Accurate Group was one of the vendors previously approved by Fannie Mae to handle the GSE’s new valuation initiative.

Appraisal

Appraisal Valuation Clients Real Estate

Better.com snags $200 million in series D funding for $4 billion valuation

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The post Better.com snags $200 million in series D funding for $4 billion valuation appeared first on HousingWire.

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Announcing the 2024 Tech100 Mortgage Winners!

Housing Wire

FEBRUARY 1, 2024

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination, Title and Closing Salt Lake City, UT Polly polly.io/ Secondary San Francisco, CA Paradatec paradatec.com/ Servicing, Secondary, Cross Markets and Origination Wilmington, DE Orion Lending orionlending.com/ Loan Origination and Servicing Orange, CA Optimal Blue www2.optimalblue.com/

Mortgage

Mortgage Valuation Insurance Technology

JPMorgan Chase amps up correspondent lending

Housing Wire

JANUARY 15, 2021

The MSR valuation rose 12% over the prior quarter. The post JPMorgan Chase amps up correspondent lending appeared first on HousingWire. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Presented by: WFG. billion in loans serviced in Q4 2019.

Lending

Lending Retail Valuation Mortgage

Nationwide Appraisal Network’s valuation solutions allow lenders to select appraisers based on performance

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.

Valuation

Valuation Appraisal Appraisal Process Technology

Demo Day: Black Knight Validate

Housing Wire

AUGUST 8, 2023

Validate Validate is an innovative, digital, borrower-driven mobile app that provides fast, easy, reliable and objective property valuations for home equity lending.

Valuation

Valuation Lending Mortgage

White House marks one year of PAVE appraisal bias action plan

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

Appraisal

Appraisal Reconsideration of Value Valuation Training

Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). ” Another trade group weighed in on the newly proposed rule.

Valuation

Valuation Appraisal Government Real Estate

Figure lays off 20% of staff amid plans to go public: report

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 billion public valuation for LendCo when it goes public.

Lending

Lending Valuation Business Technology

Are these factors creating chaos in your mortgage lending ops?

Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. The post Are these factors creating chaos in your mortgage lending ops? The servicing platform can place the orders easily enough, but then what?

Lending

Lending Mortgage Technology Modernization

PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

Valuation

Valuation Property Appraisal Training Appraisal

‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

MARCH 8, 2024

Yellen told lawmakers that bank regulators are working to address risks tied to rising vacancy rates and lower valuations for office buildings in major cities. And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. banks moved away from commercial real estate lending.

Real Estate

Real Estate Insurance Lending Retail

Appraisers Destroying Goliath’s Messaging

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. Not enough people speak up or stand up to change the trajectory of the narrative.

Appraisal

Appraisal Valuation Lending Contracts

eXp CEO loves Glenn Stearns’ star power

Housing Wire

AUGUST 4, 2021

Glenn Stearns, founder and CEO at Kind Lending. The tax benefit primarily comes from a release of a valuation allowance, according to a footnote in eXp’s Securities and Exchange Commission filing. The joint venture announced this July is called Success Lending , and it is slated to get off the ground in October.

Lending

Lending Brokerage Agents Valuation

Operational efficiency is primary motivation for lenders to adopt AI: Fannie Mae

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. Top recommended AI application ideas included compliance, underwriting and property valuation.

Technology

Technology Lending Valuation Mortgage

Introducing the 2023 HW Vanguards

Housing Wire

OCTOBER 11, 2023

Name Job Title Company Name Aaron VanTrojen CEO Geneva Financial Home Loans Abbie Tidmore Senior Managing Director and Chief Revenue Officer Pennymac Adam Kessler CEO Academy Mortgage Baron Silverstein President Newrez Ben Madick Co-Founder and CEO Matic Insurance Bernadette Kogler Co-Founder and CEO RiskSpan Bill Rogers Founder and CEO Homeowners (..)

Realty

Realty Real Estate Technology Lending

Reevaluating your origination tools? Here’s where to start

Housing Wire

AUGUST 30, 2022

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools

Tools Lending Technology Valuation

Figure and Apollo complete ownership transfer via blockchain

Housing Wire

MARCH 17, 2022

“With technology impacting all areas of our lives, it is time for participants across the mortgage ecosystem to experience an improved process that simply works better and costs less,” said Daniel Wallace, GM of Figure Lending. The post Figure and Apollo complete ownership transfer via blockchain appeared first on HousingWire.

Technology

Technology Landlords Valuation Lending

New video explores potential for AI bias in mortgage lending

Inman

MAY 2, 2023

Experts participating in BAD INPUT argue technology could expand access to credit, but also perpetuate discriminatory lending unless it is closely overseen.

Lending

Lending Technology Mortgage Valuation

How data and technology can combat appraisal bias

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals.

Technology

Technology Appraisal Lending Valuation

Lenders see appraisal modernization as a top priority

Housing Wire

MAY 24, 2022

Out of 200 senior mortgage executives surveyed, who represent 188 lending institutions, 94% think that appraisal modernization efforts will simplify the origination process. The desire to invest in appraisal modernization came in third place, with 29% of lending institutions reporting that this was a top-of-mind investment.

Modernization

Modernization Appraisal Lending Investing

Automated valuations evolve with the launch of Interactive ClearAVM

Clear Capital

NOVEMBER 29, 2022

Today, we’re thrilled to announce the launch of Interactive ClearAVM (automated valuation model). ClearAVM is an AI-based, investment-grade AVM that produces reliable, highly-accurate market value predictions and uses machine learning to deliver property valuations on more than 139 million addresses across the United States.

Valuation

Valuation Valuation Review Inspection Market Value

CFPB spring agenda aims to tackle AVMs, overdraft fees, FCRA and more

Housing Wire

JUNE 21, 2023

At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry.

Valuation

Valuation Finance Legal Development

FHFA will host second public forum on appraisal bias

Housing Wire

APRIL 6, 2023

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” housing market in the future.

Appraisal

Appraisal Valuation Government Appraisal Process

FFIEC issues statement of principles for examining appraisal and valuation bias

How AI is changing the valuations process

Trending Sources

Figure hires banks for lending arm IPO: Bloomberg

Class Valuation acquires Maine-based AMC PropertyVal

Fannie Mae approves six vendors for controversial new valuation initiative

3 misconceptions about using AVMs in home equity lending

LoanDepot to IPO this week at possible $6.2B valuation

Lunch & Learn : The Role of Appraisers in the Future of Valuation

The Coronavirus Home Valuation Test

Home equity lending opportunities remain despite decline in tappable equity

Modernizing Appraisals: Collaborative Valuation

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

Simplify complex lending processes with powerful analytics

Statistics: Part of Modernized Valuation?

Financial services firm Consolidated Analytics acquires Real Info

FHFA extends relaxed appraisal, lending standards

Recap: Valuation Expo 2021

ServiceLink offers brokers constant communication and transparency into valuation and closing

Stepping up the fight against fraud in mortgage lending

Valligent integrates with Encompass by ICE Mortgage Technology

Appraisal firm Accurate Group acquires Voxtur Appraisal Services for $30M

Better.com snags $200 million in series D funding for $4 billion valuation

Announcing the 2024 Tech100 Mortgage Winners!

JPMorgan Chase amps up correspondent lending

Nationwide Appraisal Network’s valuation solutions allow lenders to select appraisers based on performance

Demo Day: Black Knight Validate

White House marks one year of PAVE appraisal bias action plan

Trade groups warn of “unintended consequences” from proposed AVM rules

Figure lays off 20% of staff amid plans to go public: report

Are these factors creating chaos in your mortgage lending ops?

PAVE Task Force Releases Recommendations to Promote Valuation Equity

‘There will be bank failures,’ Fed chief tells lawmakers

Appraisers Destroying Goliath’s Messaging

eXp CEO loves Glenn Stearns’ star power

Operational efficiency is primary motivation for lenders to adopt AI: Fannie Mae

Introducing the 2023 HW Vanguards

Reevaluating your origination tools? Here’s where to start

Figure and Apollo complete ownership transfer via blockchain

New video explores potential for AI bias in mortgage lending

How data and technology can combat appraisal bias

Lenders see appraisal modernization as a top priority

Automated valuations evolve with the launch of Interactive ClearAVM

CFPB spring agenda aims to tackle AVMs, overdraft fees, FCRA and more

FHFA will host second public forum on appraisal bias

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