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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. . HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

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Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession? Collaborative valuation is a natural step in modern appraisal firms. Can it be abused?

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What role does appraisal tech have in creating customers for life?

Housing Wire

The second challenge is the actual logistics. Reggora provides a modern platform that streamlines and automates the manual tasks associated with the appraisal process. For instance, in 2020, the Federal Housing Finance Agency (FHFA), put out a Request for Input (RFI) in an attempt to modernize the appraisal process.

Appraisal 391
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How will appraisal technology evolve in 2022?

Housing Wire

For lenders who currently utilize a modern appraisal platform, they are looking to enhance the amount of communication between their LOS/POS and their AMS. WD: Reggora was founded with the goal of modernizing the appraisal industry to improve appraisal logistics and reduce turn times. The second are streamlined integrations.

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Is the Transportation Industry Due a Digital Transformation?

GoForrmz

Inefficiency, errors, and delays have become all too common, often causing frustration for all involved in the logistics and supply chain. ” — McKinsey & Company, Travel, Logistics & Infrastructure, 2022 Digitally Transforming Transportation The digital transformation of the transportation industry promises a revolution.

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Best practices to speed up the appraisal process

Housing Wire

They give you the ability to scale the amount of appraisals you can do with the current appraiser population that you have, and that’s an important part of all the modernization initiatives that have been going on,” said Scot Rose, chief innovation officer at Class Valuation. But what if we want to close even faster?

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VA official talks future of partial claims and revamping its reputation

Housing Wire

The perception of VA loans as risky and logistically complicated — even if an outdated view — continues to impact the competitiveness of the borrowers it serves. Legislation is making its way through the Senate that will modernize appraisals, in part by allowing desktop appraisals. But the VA is hoping to change that.