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Why mortgage lenders should be using a single platform

Housing Wire

The global pandemic hit our industry like a pair of defibrillator paddles, bringing mortgage industry CFOs to life and sending millions of dollars into new technology investment and implementation. But how can we differentiate between a true end-to-end platform versus a tightly integrated collection of disparate tools?

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How to negotiate your home purchase offer

Housing Wire

When you’re trying to create a standout offer to buy a home, it’s important to consider the tools and tactics at a buyer’s disposal. Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

Fast forward to 2022 and Freddie Mac announced the availability of ACE+ PDR for cash-out refinance and certain “no cash-out” refinance mortgages. But volume dried up as mortgage rates continued to increase, crossing the 5% threshold in April 2022 (sounds nice now, doesn’t it?).

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Understanding Mortgage Payments

Assurance Financial

Taking out your first mortgage is a huge life step. A mortgage is a critical tool to have — it allows you to become a homeowner without putting down hundreds of thousands of dollars on the spot, and it lets you pay off your loan over time. About 96% of first-time homebuyers finance the purchase with a mortgage.

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Opinion: A unified approach for reducing appraisal bias

Housing Wire

In March, the Biden administration announced a multi-step plan to advance equity in the appraisal process. With advances in data engineering and modeling, we now have the technology and tools available to begin correcting some of the bias and issues in the modern valuation process.

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Understanding The Reverse Mortgage Appraisal Process

AmeriMac

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. It takes into account factors like the condition, size, and location of the property.

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Cybersecurity Concerns Appraisers Should Know

Appraisal Buzz

By the middle of 2021, two out of every five mortgage and real estate transactions were classified as high risk, according to data shared by a fintech firm in partnership with the FBI. These are handy in a pinch, but they don’t provide the kind of security you need, especially for transactions within the property appraisal industry.

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