Housing Wire

FEBRUARY 27, 2024

Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. The executive has more than 25 years of mortgage industry experience in helping lenders mitigate risk. Recently, Xactus’ valuation solution was approved to fulfill Fannie Mae’s property data collection orders.

Tenants 337

Tenants Valuation Clients Training 337

Housing Wire

MAY 23, 2023

To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

Technology 356

Technology Appraisal Lending Valuation 356

Housing Wire

APRIL 20, 2021

” From the Mortgage Bankers Association (MBA): “While MBA supports the ongoing development of such tools, MBA also acknowledges the need for appraisers and lenders to provide some level of oversight and due diligence to preserve the overall quality of the data referenced in future valuations.

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Technology Appraisal Valuation Lending 393

Housing Wire

NOVEMBER 8, 2023

Fannie Mae’s value acceptance+property data extends an appraisal waiver provided the property data is gathered by a vetted and trained third party and a floor plan is delivered to a desktop underwriter. SingleSource has been providing valuation services nationwide since 2000 and nationwide field services and inspection services since 2006.

Valuation 314

Valuation Inspection Modernization Training 314

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgage 361

Mortgage Technology Business Investing 361

Housing Wire

SEPTEMBER 23, 2021

The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology. The partnership will allow CubiCasa’s automated floor plan sketching technology to integrate with Clear Capital’s ClearInsight Platform, a mobile property data collection application. Presented by: Incenter.

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Valuation Technology Appraisal Modernization 367

Housing Wire

MARCH 1, 2023

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” We are on a journey of continuous improvement to make the home valuation process more efficient and accurate. “The

Appraisal 450

Appraisal Valuation Appraisal Process Technology 450

Housing Wire

NOVEMBER 6, 2023

Policymakers and the mortgage industry must reckon with historical and present-day barriers that lock would-be homebuyers of color out of the market altogether,” according to the report published on Monday. In terms of adopters, government-sponsored enterprises (GSEs), large mortgage lenders and fintech firms have used AI.

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Government Training Tools Design 348

Appraisal Buzz

JUNE 10, 2021

Through the partnership with SkillBridge, Clario’s training program will upskill and employ 35 active service members transitioning to civilian life in the next 12 months. To apply for the training program, visit this website. We specialize in real estate valuations for the mortgage lending and financial services industries.

Appraisal 370

Appraisal Valuation Training Real Estate 370

Housing Wire

NOVEMBER 28, 2023

CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools. It’s another step forward in ensuring our agents have access to industry-best resources,” said Richard Haggerty, CEO of OneKey MLS.

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Tools Technology Real Estate Training 375

Housing Wire

APRIL 30, 2022

Clear Capital’s desktop appraisal solutions offer an easy way to obtain property information by pairing seasoned brokers and appraisers with innovative mobile phone technology, ClearInsight and CubiCasa. lenders and nearly every mortgage investor. lenders and nearly every mortgage investor. Duane Andrews, CEO, Clear Capital.

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Appraisal Valuation Technology Real Estate 353

Appraisal Buzz

APRIL 15, 2024

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. It all starts with the standard appraisal forms used in the mortgage process. Really, appraisers have always thought this way.

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Appraisal Design Lending Technology 397

Housing Wire

MARCH 5, 2021

To compound matters, homebuyer demand skyrocketed thanks to historically-low mortgage rates and societal changes. It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially? These factors combined to throw the appraisal industry in flux.

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Appraisal Valuation Training Technology 424

Housing Wire

FEBRUARY 28, 2021

Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates. The company integrates with an existing brokerage website to provide homeowners with three valuations along with insight into the number of real estate buyer leads actively searching for a property just like theirs.

Real Estate 412

Real Estate Brokerage Valuation Clients 412

Housing Wire

MARCH 23, 2021

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. HW: How and why has appraisal management technology evolved over the past year? AA: The past year saw a rapid evolution in appraisal management technology. HW: What is the No.

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Appraisal Valuation Inspection Modernization 325

Housing Wire

JANUARY 18, 2023

The GSEs have looked at the demand side and tried to reduce the number of mortgages that require a full appraisal or require an appraisal that takes less time from the appraiser. The mortgage industry saw more initiatives released around appraisals in the last 18 months than it feels like have been launched in the past decade.

Appraisal 367

Appraisal Reconsideration of Value Appraisal Process Technology 367

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? of the overall mortgage market. Underwriters are trained as desktop underwriters (DUs). Scaling is hard.”.

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Lending Investors Mortgage Clients 360

Housing Wire

JULY 12, 2022

When we started, the idea was to obtain exterior photos as fast as possible, at a time when Uber, Lyft and marketing technology was advancing, and anyone with a smartphone could get exterior photos,” said Tomaszewski, who worked to turn his idea into ProxyPics. The mortgage industry, per the latest jobs report from the U.S.

Appraisal 404

Appraisal Inspection Real Estate Agent Training 404

Housing Wire

FEBRUARY 5, 2021

Mortgage Champions founder and CEO Dave Vermillion will be speaking on a panel covering operational strategies in the current market at HousingWire’s Spring Summit on March 4. He is the author of Navigating the Mortgage Maze , a guide teaching the simple truths to securing the best possible mortgage, every time.

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Training Technology Real Estate Valuation 247

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

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Mortgage Loan Officers Lending Human Resources 413

Housing Wire

AUGUST 7, 2020

RE/MAX’s Motto Mortgage recorded its franchises increased 29.6%, to 127 operating offices. Keller Williams gave credit to its quick technology shifts during the pandemic to keep business going. ” RE/MAX said that in Q2, total agent count increased 3.8%, to 131,905 agents. Keller Wiliams. Agents also closed $85.3

Brokerage 382

Brokerage Training Agents Technology 382

Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. We’ll dive into the details to help lenders gain the confidence to take advantage of this new valuation innovation. What is an appraisal waiver?

Appraisal 68

Appraisal Inspection Real Estate Agent Training 68

Clear Capital

MAY 10, 2023

This expansion of our partnership with the ValueLink team will make it easier for lenders to adopt new options, drive appraisal modernization across the industry and ensure a better valuation experience for consumers.” property through our field valuation services and analytics tools and improve their workflows with our platform technologies.

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Modernization Appraisal Valuation Real Estate 69

Clear Capital

MARCH 1, 2022

Clear Capital , a national real estate valuation technology company, today announced the expansion of its Clear Capital Partner Network , which aims to collaborate with innovative companies to help lenders accelerate the adoption of modern appraisals and other technology advancements. March 1, 2022 —. Innovation for All.

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Modernization Appraisal Valuation Technology 69

Clear Capital

MARCH 2, 2023

March 2, 2023 – Clear Capital , a national real estate valuation technology company, today announced the launch of Universal Data Collection (UDC) , the latest in the Company’s suite of products designed to support appraisal modernization. Clear Capital is a leading provider of hybrid appraisals for mortgage origination.

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Modernization Appraisal Valuation Real Estate 69

Clear Capital

APRIL 30, 2024

In this second part, we’ll discuss how to meet interagency guidelines for property valuation while expediting underwriting by using ClearAVM + Property Condition Inspection (PCI). ClearAVM + PCI: A holistic view of a property ClearAVM is our industry-leading, lending-grade automated valuation model (AVM).

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Valuation Inspection Lending Real Estate Agent 28

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In some cases, it might be a person completing a desktop for the valuation. What does that mean?

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In some cases, it might be a person completing a desktop for the valuation. What does that mean?

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Housing Wire

SEPTEMBER 13, 2023

It makes accessible information that used to be hard to obtain, such as the condition of the backyard, the proximity of a property to a loud road, train tracks, or a body of water as well as the occupancy status of a property. The tool can be paired up with other types of valuation metrics.

Tools 380

Tools Valuation Inspection Investors 380

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Some of these fluctuations are seasonal, others are due to changes in supply and demand and mortgage interest rates, or a combination of all these factors. Not professional appraisers.

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Appraisal Market Value Legal Property Appraisal 354

Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. So, what can be done to mitigate bias and inequality in the valuation process?

Appraisal 479

Appraisal Valuation Technology Training 479

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Some states may even require the completion of a specific training program before you can apply for licensure. Tina shared some great tips on being efficient on my podcast episode, “Be Efficient and Raise Your Property Value” Speaking of podcasts, my latest episode is out where I interview the CEO of Sun West Mortgage.

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Real Estate Development Appraisal Contracts 303

Housing Wire

AUGUST 31, 2023

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. More recently, Fannie Mae launched a similar solution.

Modernization 354

Modernization Appraisal Inspection Valuation 354

Clear Capital

FEBRUARY 2, 2022

It’s an exciting time in the mortgage industry, especially for appraisals. Today’s Selling Guide change presents a great opportunity for mortgage lenders and the borrowers they serve. What lenders should know about today’s Fannie Mae Selling Guide changes, and how Clear Capital can help.

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Modernization Appraisal Appraisal Process Inspection 69

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. This, in turn, helps protect both lenders and borrowers in the mortgage process.

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Appraisal Appraisal Process Valuation Real Estate 36

Clear Capital

JULY 28, 2021

Although there is concern across the industry about a stagnant or shrinking housing market, purchase mortgage opportunity is not only growing, it’s changing. We’re extremely excited to partner with Clear Capital,” said NAMMBA founder/CEO Tony Thompson, CMB. percent of all purchase dollar opportunities. For more information, visit NAMMBA.org.

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Valuation Development Real Estate Agent Real Estate 36

Housing Wire

DECEMBER 6, 2023

Its tiered packages include features like an AI-powered smart CRM, automated marketing tools, comprehensive listing management and training resources for real estate professionals. It’s an ideal solution for those seeking AI-powered valuation and brokerage services in the residential real estate sector.

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Real Estate Agents Real Estate Agent Tools 382