Housing Wire

APRIL 9, 2024

Modern-day redlining persists, and it’s costing lenders millions in legal fees. By shifting to a modern mindset and making diversity central to all lending initiatives, lenders can build strategies that are inherently anti-redlining. Last October, Ameris Bank had to pay $9 million to settle a redlining case.

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Appraisal Buzz

NOVEMBER 11, 2024

Join us for a free webinar on Revolutionizing Appraisals: The Road to Modernization this Thursday, November 14th at 1PM Central Time. Gain valuable insights into how modernization is transforming the industry and learn how to stay competitive in this rapidly evolving space. Appraisal Buzz: What is your background in the industry?

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Most would agree (me included) that the appraisal process is long overdue for modernization — a 2022 Fannie Mae survey showed 94% of lenders are in favor of appraisal modernization. However, is appraisal modernization on its own enough?

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Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: Is the end goal of appraisal modernization to replace appraisers?

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

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Housing Wire

MAY 15, 2024

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans.

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Housing Wire

OCTOBER 18, 2024

By doing so, ICE helps its clients cut down on mistakes, speed up workflows, and offer a modern lending experience that works better for both borrowers and industry professionals. This digital mortgage setup focuses on turning manual tasks into automated ones.

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Housing Wire

NOVEMBER 12, 2024

On the earnings call, Sieffert discussed a new “digital innovation” team that is being built at FOA with the purpose of delivering “financial services to seniors in a way that is modern and user-friendly.”

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Housing Wire

AUGUST 28, 2024

Modern Realty Modern Realty shares similarities with reAlpha in that it is currently operational in only one state — California — and those who work with the firm must sign a buyer representation agreement, giving them access to both an AI and a human real estate professional. The company has two service tiers. “So,

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Housing Wire

FEBRUARY 20, 2024

Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation. Many reasons given for appraisal modernization stem from appraisal turnaround times.

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Housing Wire

APRIL 20, 2023

The key to appraisal modernization is wide-spread adoption, and alongside CoreLogic, we are expanding access to modern appraisal tools with the aim of pushing the mortgage industry closer to this new standard,” Kenon Chen , Clear Capital’s executive vice president of strategy and growth, said in a statement. “The

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Housing Wire

AUGUST 27, 2024

It covers structural repairs (such as foundations and new roofs), modernization of kitchens and bathrooms, and energy-efficiency and climate-resiliency projects. Increased use of 203(k) mortgages will help modernize and revitalize homes, which supports affordable housing supply and strengthens neighborhoods.”

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Appraisal Buzz

SEPTEMBER 12, 2024

This update of the HUD Code is long overdue and will help increase production while also ensuring modern designs to suit the needs of families.” “Manufactured homes are an affordable housing option for Americans across the country,” said HUD Acting Secretary Adrianne Todman.

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Housing Wire

OCTOBER 3, 2024

ICE Mortgage Technology is continuing to accelerate the adoption of its more modern technologies by sunsetting older tech stacks. ICE Mortgage Technology ® is combining its best-in-class Encompass CRM content with the robust, modern functionality of Surefire , all at your current Encompass CRM price.

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Housing Wire

MAY 10, 2023

Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes.

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Housing Wire

SEPTEMBER 27, 2024

The update “lays the foundation for the modernization of FHA’s appraisal data storage, dissemination, and analytical capabilities,” the agency said, aligning them with guidance from Mortgagee Letter (ML) 2022-19 which is “now superseded in full by the Single Family Housing Policy Handbook 4000.1.”

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Housing Wire

SEPTEMBER 26, 2024

“At Sonar, we are proud to be at the forefront of this transformation, streamlining workflows and relationships with AI-powered tools and bringing mortgage loan origination into the modern age.” The technology is designed to promote real-time collaboration as multiple users can work on a single loan at the same time.

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Appraisal Buzz

OCTOBER 28, 2024

Modern tools can now compile and analyze vast datasets, providing appraisers with more accurate and comprehensive information than ever before. AMCs also play a critical role in facilitating the adoption of modern technologies. The emergence of more advanced data tools and analytics has been a game-changer for the industry.

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Housing Wire

APRIL 1, 2024

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire.

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Housing Wire

OCTOBER 22, 2024

To help overcome these obstacles, Sagent has created its Dara Loss Mitigation platform as a solution that modernizes how homeowners and mortgage servicers address financial hardship. Unexpected financial hardships are an unfortunate but not uncommon challenge facing many homeowners.

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Appraisal Buzz

JUNE 13, 2024

Enhancing payment processes with modern technology can ease the remittance experience for consumers and enables greater speed, efficiency, and control of collections for lenders. Digital mortgage payment options provide the same instantaneous, verified sending of payments as modern communication platforms do for messages.

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Housing Wire

JUNE 3, 2024

His focus will be ”improving the agent experience in MoxiWorks and accelerating the development of a modern platform for agents and brokerages of all size, leveraging the power of AI,” the company stated in a news release. Baur will remain on the company’s board of directors. Elfman will lead all aspects of the company.

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Housing Wire

OCTOBER 2, 2023

At Xactus, we are focused on advancing the modern mortgage and prepared for the future of appraisals,” Shelley Leonard, president of Xactus, said in a statement. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .

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Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). Some of these have been around for many years.

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Housing Wire

OCTOBER 18, 2023

a garage or basement) or when modern offsite construction is used to build a new structure. We are seeing more and more homeowners look to modern offsite construction for ADUs because of the low cost, fast speed and sustainability advantages compared to traditional construction methods.

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Housing Wire

NOVEMBER 8, 2023

Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. During the last refi boom, some appraisers were scheduling inspections as far as four to six weeks out, which was slowing down the entire loan transaction.

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Housing Wire

MARCH 14, 2024

The traditional ‘sell’ or ‘refinance’ mandates almost never align with the modern realities of today’s real estate market, or the family’s best interests.” “Our HomeSplit solution for owned property empowers separating spouses with personalized, impartial guidance and strategic solutions for their specific financial situation. “The

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Housing Wire

JULY 2, 2024

The report, titled “The Modern Credit Challenge: Mortgage & Real Estate Professional & Consumer Research,” highlights credit health needs from IDIQ partners and consumer insights. The report also introduces a solution with IDIQ’s newly launched credit-building tool, CreditBuilderIQ®, based on the feedback provided.

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Housing Wire

FEBRUARY 5, 2024

TTV Capital , Moderne Ventures , Erez Capital and other venture capital firms led the round of investment. Proptech company RealReports , formerly known as BHR , has successfully secured $2 million in seed funding.

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Housing Wire

OCTOBER 2, 2024

Modernized counseling Berenbaum spoke about the development of the Office of Housing Counseling and how it has become a critical piece of the puzzle for the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program over the years. “I But, of course, there are also challenges.”

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Housing Wire

OCTOBER 15, 2024

New construction pros and cons Buyers drawn to modern living may find the benefits of new construction appealing, though they should be prepared for some drawbacks. Renovating to modernize can add to the long-term cost of a resale home.

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Housing Wire

AUGUST 13, 2024

Enterprise also advocated for modernized applications of energy efficiency standards. Energy burdens across the market remain significant and much of the existing stock was built prior to the implementation of – or at best to older, less stringent – energy codes,” the letter said.

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Appraisal Buzz

JULY 16, 2024

Over the last several years, these homes have become even more modernized. With lower costs, shorter build times and all the modern amenities they now offer, Gen Z and millennials are giving them a look. Modern Amenities According to ServiceLink’s 2024 SOHBR , Gen Z and millennials know what they are looking for in a home.

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Housing Wire

OCTOBER 31, 2024

By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. “Our goal has always been to provide clients with the most advanced, efficient and reliable tools available,” ClearValue CEO Don Juhl said in a statement. “By

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Housing Wire

JUNE 25, 2024

His proven track record and strong strategic financial acumen will help guide our company as we continue to advance the modern mortgage. I look forward to playing a meaningful role in enhancing Xactus’ financial and transactional systems and processes to further advance the modern mortgage.”

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Housing Wire

SEPTEMBER 11, 2024

31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. “It’s a more modernized integration solution, and what it does more than anything is standardize the way over 400 third-party vendors talk to the system,” VanFossen said.

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Housing Wire

FEBRUARY 12, 2024

Modernizing real estate and improving the home buying, selling and renting experience for consumers and real estate professionals is central to Zillow’s mission,” a company spokesperson said in an emailed statement. Most recently, she was QC Ally ’s CEO and chief marketing officer.

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