Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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Housing Wire

FEBRUARY 7, 2023

This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” Guild CEO Mary Ann McGarry said in a statement. The company has 39 active loan officers across its retail branches, according to Modex data.

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Retail Mortgage Loan Officers Technology 384

Housing Wire

SEPTEMBER 7, 2023

At a time when affordability is constraining first-time buyers from entering the market and interest rates are still expected to climb, “it’s going to do nothing but hurt the potential buyer,” argued Michael Borodinsky, a vice president and branch manager at Caliber Home Loans.

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Housing Wire

SEPTEMBER 29, 2022

In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies. Find out how housing leaders are interpreting this hot topic as they manage market changes and create a competitive edge in this engaging expert panel. Presented on Oct.

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Housing Wire

MARCH 16, 2022

As interest rates rise and margins compress, the transition to a purchase market may also result in lowering defenses against cyberattacks. Gaietto said that in such an environment, LOs may be more susceptible to cyberattacks because they will rush to close a loan quickly and be less mindful of the things that they are clicking.

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Housing Wire

FEBRUARY 7, 2024

A $296 million mark-to-market in the MSR portfolio affected the company’s performance. Ultimately, Rithm decided to restructure its origination business at the beginning of 2024, which resulted in cuts to regional and divisional managers at Caliber Home Loans along with reductions in compensation for loan officers.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How is Class Valuation leveraging AI? How is Class Valuation rising to that challenge?

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Appraisal Technology Modernization Real Estate Agent 421

Housing Wire

NOVEMBER 12, 2020

The company will seek to beat the $4 billion valuation it was given in its most recent $200 million Series D funding round , according to Bloomberg’s anonymous sources. ” That was largely due to heavier loan volumes, which have been driven primarily by refinancings. Better.com could go public as soon as January.

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Valuation Loan Officers Retail Mortgage 479

Realtor

SEPTEMBER 13, 2023

“The reverse is so in a declining market.” ” In other words: Appraisals can’t keep up with how quickly homes are selling in a hot market, so you’re bound to see lower-than-expected values placed on homes. .” So, what do you do if this happens to you? You have four options: 1.

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Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

NOVEMBER 2, 2020

With highly advanced software solutions for originations, servicing and secondary marketing, Black Knight helps its clients drive financial growth, improve customer retention, increase operational efficiency and reduce risk. Black Knight’s innovative default solutions help simplify complex loan processing for loans in default.

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Lending Valuation Clients Tools 410

Housing Wire

APRIL 1, 2024

However, during the company’s valuation process, when financial professionals reviewed its books, discoveries of aviation purchases led him to confront Kortas, resulting in his termination as president of NEXA, Grella added. billion in mortgage loans in 2023, according to Kortas. But that’s not the case for the aviation business.

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Brokerage Business Loan Officers Legal 421

Housing Wire

FEBRUARY 21, 2023

It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Valuations – Hybrid and desktop appraisals allow appraisers to focus on appraisal quality and output rather than losing precious hours in transit.

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Modernization Technology Real Estate Agent Valuation 370

Housing Wire

APRIL 30, 2022

It was during this time that the two were exposed to the shortcomings of the appraisal and valuation process and took the initiative to transform it themselves. While Reggora focuses on the future of appraisal and valuation, the founders understand that the best tech isn’t rushed. “We

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Modernization Appraisal Appraisal Process Valuation 370

Housing Wire

JUNE 30, 2021

PCV Murcor is one of the nation’s leading valuation management companies. The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Despite uncertain economic times, the housing market experienced a surge during the pandemic.

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Clients Valuation Real Estate Appraisal 384

Housing Wire

MAY 25, 2021

Combined with our newly acquired capabilities such as RON, a notary network and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide customers with end-to-end mortgage services and solutions.”.

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Mortgage Valuation Loan Officers Retail 410

Appraisal Buzz

JUNE 7, 2021

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Can’t make the time? Register to receive the full recording in your inbox as soon as it’s over!

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Training Reconsideration of Value Valuation Clients 366

Housing Wire

JULY 12, 2021

trillion residential mortgage market. The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. the housing market in the U.K. Founded in 2015, Trussle has raised £26.7m ’s $1.5 Goldman had paid about £8m for about 20% of the company. Like the U.S.,

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Brokerage Mortgage Loan Officers Finance 421

Housing Wire

APRIL 17, 2023

Interestingly, our company gets a lot of insight about what customers want and/or customer issues from our loan officers. The economy and the real estate market could become a headwind, though so far at last they haven’t had a major impact on loan performance or defaults.

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Loan Officers Investors Valuation Real Estate 384

Housing Wire

MAY 9, 2023

It’s a huge step forward for lenders who want to offer a fast, convenient digital mortgage experience that will keep their borrowers and loan officers happy even in high volume markets.” “With the Appraisal Marketplace, we’ve made getting an appraisal done as simple as ordering a ride from Uber.

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Appraisal Inspection Loan Officers Mortgage 384

Appraisal Buzz

MAY 17, 2021

Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

JUNE 6, 2022

Company chief financial officer Patrick Flangagan said loanDepot doesn’t expect to be profitable this year and shared plans to reduce marketing personnel expenses. Loan origination volume dropped 26% to $21.6 billion from the previous quarter, according to the firm, bringing the company’s market share down to 3.1%.

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Mortgage Loan Officers Lending Human Resources 421

Housing Wire

FEBRUARY 11, 2021

Christensen has 17 years of mortgage industry knowledge, jumpstarting her career as a loan officer in 2003 until 2008 when she began to work with the many American families facing foreclosure due to the Great Recession. The focus of the Spring Summit is The Year-Round Purchase Market.

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Loan Officers Real Estate Technology Mortgage 310

Housing Wire

OCTOBER 4, 2023

Top recommended AI application ideas included compliance, underwriting and property valuation. About 22% of surveyed lenders responded they started deploying AI or ML on a limited or trial basis, a jump from only 13% in 2018.

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Technology Lending Valuation Mortgage 410

Housing Wire

APRIL 30, 2021

In today’s market, mortgage originators are forced to intertwine different software and technology to support the lending process from start to finish. Because of this, originators are having to mimic technology companies instead of focusing on buying and selling, underwriting credit risk and servicing loans. SitusAMC & ReadyPrice.

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Mortgage Technology Investors Lending 306

Housing Wire

AUGUST 12, 2020

Blend announced Wednesday it has raised a $75 million Series F round at a valuation of nearly $1.7 Among the new products Blend has introduced this year are its digital closing solution for mortgages and home equity loans, a mobile app for loan officers and new reporting tools for lenders. Stay tuned for updates.

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Investing Loan Officers Technology Development 496

Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer. Never miss a post by subscribing to the Enact MI Blog!

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Inspection Appraisal Marketing Appraisal Process 78

McKissock

APRIL 16, 2021

. “The housing market set a slew of records for prices, home-selling speed, and competition in March, making it the hottest month for housing since at least 2012,” according to this story from Redfin. ” Read the full article here. ” Read the full article here. The appraisal gap is complicating deals across the country.

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Housing Market Appraisal Marketing Real Estate Agent 59

AmeriMac

MARCH 15, 2024

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. These guidelines aimed to address concerns about inflated property valuations and the influence of lenders on appraisers. AMCs also play a crucial role in maintaining property values and safeguarding the real estate market.

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Appraisal Appraisal Process Valuation Real Estate 36

Clear Capital

APRIL 1, 2024

Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. Whether you’re starting a home equity program or seeking to enhance your existing program, an automated valuation model (AVM) is a great tool to have in your belt.

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Lending Valuation Home Value Design 36

Clear Capital

JULY 13, 2023

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals.

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Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

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Clients Agents Buyers Sellers 397

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . We do so by attending commercial real estate events to gain insight and stay up-to-date on the current market trends. What is the profile of CRE deals that are getting closed?

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Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. But with obstacles in the way for many, lenders need to stay updated on market trends and understand how every part of the homebuying journey might be impacted. That’s where you, the lenders, can step in and help.

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Appraisal Inspection HOA Real Estate 78

Housing Wire

OCTOBER 7, 2022

Williams IV, founder and CEO of Percy.ai, about what housing professionals can do to improve their deal flow despite the turbulence of the current housing market, and how investing in valuable data insights could be the key to success. . utilizing data to help improve deal flow in today’s market? being brought into existence.

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Housing Market Real Estate Agent Marketing Real Estate 384

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. As a result, LOs went from juggling refinances to doing everything they could to win in a cold market. How do the solutions work?

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

This is important because loan officers usually have different requirements than individual homeowners. Loan officers are typically looking for an assessment of the condition of the house and a rough market value to put on the mortgage documents. Verify the appraiser’s experience working with homeowners.

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East Coast Appraisal

SEPTEMBER 12, 2022

Additionally, if your loan is still relatively new, additional restrictions may apply. You may need to hit an even lower loan-to-value ratio for several years after signing. Before proceeding, check your loan terms or speak to your loan officer to learn the details of the agreement. When Home Prices Increase.

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