Housing Wire

APRIL 26, 2022

We depend on servicers, whether it’s in the mortgage context, student loan context and others, to make sure they’re truthful about what borrowers’ options are, particularly when they get in trouble,” Chopra said. In warnings to the sector, the CFPB has told mortgage servicers it will not be giving them lenient treatment.

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Appraisal Mortgage Valuation Lending 327

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. What’s changing there? SW: How is Class Valuation leveraging AI?

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Appraisal Technology Modernization Real Estate Agent 412

Housing Wire

FEBRUARY 19, 2021

It could also have big implications for appraisers, who are already nervous about the continued rise of automated valuation models. Cape Analytics’ AI system instantly extracts property condition from images, which is then run through Weiss’ valuation model, Raj Dosaj, Cape Analytics’ head of real estate, explained.

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Valuation Real Estate Investors Brokerage 356

Housing Wire

NOVEMBER 6, 2023

The use of artificial intelligence (AI) is poised to grow amid higher origination costs and greater competition, but without correcting the underlying causes of bias in data, AI models can embed racial equity inequality on a larger scale, a recent report from the Urban Institute concluded. “It

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Government Training Tools Design 320

Housing Wire

SEPTEMBER 7, 2023

In a prepared statement, Chance said she was inspired by the Appraisal Institute’s heritage, integrity and professionalism and knows precisely what she wishes to accomplish with her new job. “My Those agencies and GSEs are also pushing more use of automated valuation models (AVMs). appraisers say they are male, 1.3%

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Appraisal Valuation Government Modernization 299

George Dell

DECEMBER 1, 2021

What can be done? Automated” valuation models have much of the market, and continue to gain. Other valuation methods and appraisal […]. Such a harsh word. Is the problem convolution? Does it mean I will soon be obsolete? Not needed? Yet all the little signs are pointing that way. The post Is Appraisal Obsolete?

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Appraisal Valuation Marketing 195

Housing Wire

FEBRUARY 18, 2022

This week’s HW+ member spotlight features John Brenan, vice president of Valuation Policy and chief appraiser at Clear Capital. At Clear Capital, Brenan oversees the quality of the company’s appraisal and valuation products and implements changes to continually evolve the program. .

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Training Valuation Appraisal Real Estate 341

Housing Wire

APRIL 11, 2024

Sarah Wheeler: What differentiates your tech? So, from origination to processing, closing, sales and servicing — we don’t have the servicing piece, but we connect the dots into servicing for valuation and analytics, and so on. SW: What are some of the benefits of those 20 years’ experience? Optimal Blue is the No.

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Investing Clients Business Technology 364

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? HW: What are the risk management challenges for REO assets? Moreover, VRM Mortgage Services harnesses the power of its innovative, proprietary technology, seamlessly blending predictive modeling with AI capabilities.

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Business Marketing Real Estate Legal 336

Housing Wire

FEBRUARY 18, 2022

What about AVMs? Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. Here are six misconceptions surrounding what AVMs currently do for appraisal valuation: 1. ” Amazing, right? ” Amazing, right?

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Appraisal Process Appraisal Valuation Renovations 347

Housing Wire

JUNE 17, 2022

The funding round valued Notarize at $760 million, triple its valuation at the time of its $35 million Series C funding round a year prior, at the start of the pandemic. How lenders can improve business models in 2022. This is the second time the 7-year-old, Boston-based remote online notarization (RON) firm has undergone layoffs.

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Legal Law Business Investing 427

Housing Wire

JUNE 22, 2021

This highly accurate score significantly reduces review volume and false positives and uses proprietary predictive modeling to paint a truer picture of where fraud and early payment default risk are likely to occur. What does this rebrand mean for lenders? That’s more than 7 billion recorded documents.

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Valuation Clients Retail Appraisal 385

Housing Wire

DECEMBER 21, 2021

Barkhuff outlined those four areas of focus as portfolio valuations, overall risk management, market sizing and analytic model development. Barkhuff outlined what she believes to be the two biggest areas of concern in the housing market: Housing supply and housing affordability. “As

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Housing Market Real Estate Development Valuation 318

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. In fact, having a high-touch customer service model is one of the tenets of the foundation of its culture.

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Clients Valuation Real Estate Appraisal 383

Housing Wire

AUGUST 25, 2022

However, many lenders have issues building profitable home equity programs due to some misconceptions about handling valuations in a way that ensures they are underwriting quality loans. The 2010 Interagency Guidelines , provided by the FDIC, offer context for when and how certain valuation solutions can be used in home lending situations.

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Lending Valuation Appraisal Process Appraisal 313

Housing Wire

DECEMBER 8, 2022

One reason appraisals are taking less time is the adoption of different appraisal models. Alternative valuation models and products enable better use of the appraisers that are available. “We But what if we want to close even faster? Now that the market is less frenzied, turn times are improving. Can appraisals keep pace?

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Appraisal Process Appraisal Logistics Valuation 349

Appraisal Buzz

AUGUST 15, 2022

Buzz: What is your background in the industry? Joan: I am the founder and CEO of Allterra Group, LLC, publisher of Appraisal Buzz, and host of the annual Valuation Expo, the largest conference for the valuation community. Buzz: What is Clearbox and what does it offer appraisers?

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Valuation Appraisal Inspection Modernization 195

Housing Wire

MAY 7, 2021

HW: Have you witnessed a rise in the gap between appraisal and what buyers are willing to pay, and how is this impacting appraisal companies? HW: When you look back at your 40 years in the valuation industry and as the first, if not only, black-owned national AMC, what has been key to your success and stability?

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Housing Market Appraisal Appraisal Process Marketing 545

Housing Wire

MAY 31, 2022

The chief executive officer for real estate brokerage Side announced a fresh $50 million in venture capital money spearheaded by ultra-prolific financier Tiger Global Management. Today, though, Side is radio silent on going public. Today, though, Side is radio silent on going public. Side is no outlier. Keller Williams declined to comment.

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Real Estate Brokerage Realty Valuation 349

Housing Wire

JANUARY 12, 2024

There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing. The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. accounts for approximately 23%. exceeds $1.5

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Supply Chain Finance Development Modernization 343

Housing Wire

SEPTEMBER 6, 2023

Here is just one example among many: Proportunity helps would-be property owners to get a fair and up-to-date valuation of residential real estate. Their model gathers property data, real estate market data, crime rates, and similar inputs to provide automated property evaluation. Below are detailed three ways to do exactly that.

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Real Estate Agent Real Estate Agents Marketing 336

Housing Wire

MARCH 23, 2021

HW: What is the No. This expanded the use of non-traditional valuation products that leverage existing data e.g., the use of hybrid valuation products with a modified scope of work, allows appraisers to focus on the analysis rather than the data collection. 1 challenge housing professionals are facing today regarding appraisals?

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Appraisal Valuation Inspection Modernization 297

Housing Wire

FEBRUARY 8, 2021

billion valuation later this week. If all goes according to plan, loanDepot would command a valuation of $6.2 At the time, loanDepot was seeking a valuation of between $12 billion and $15 billion, Bloomberg previously reported. At the time, LoanDepot had sought a valuation of $2.4 We’re here to fuel the American dream.”.

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Valuation Retail Lending Real Estate Agent 454

Housing Wire

JULY 17, 2023

Here are three valuable lessons I learned from Steve Murray about the new model of deal structuring. What many want to buy is positive cash flow or market share. A two-year earn out is not going to be very attractive to many buyers unless the seller is taking a major haircut on the overall valuation of the brokerage.

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Real Estate Buyers Sellers Brokerage 315

Housing Wire

JANUARY 12, 2023

First, think about your organization’s priorities and what kind of support you need. Learn what products each provider offers before committing to a partnership. The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Black Knight’s report of a $1.2 Black Knight’s report of a $1.2

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Technology Inspection Valuation Tools 347

Housing Wire

MARCH 24, 2023

What I did see were links to lender websites almost apologetically explaining what an appraisal gap is to their customers and willing them not to panic if it happens to them. When you google “ appraisal gap” — and I just did — a long list of search results appear. OK, throw that last one out.)

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Appraisal Contracts Tools Valuation 384

Housing Wire

APRIL 30, 2022

ClearInsight and CubiCasa have revolutionized property data collection for remote valuations — state-credentialed appraisers and trained property data collectors can capture the detailed property data needed for a desktop appraisal using just a mobile phone.

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Appraisal Valuation Technology Real Estate 328

Housing Wire

SEPTEMBER 22, 2020

Our valuations and settlement services are seeing increases in business flow due the current low interest rate environment. What are your takeaways from this period of rapid acceleration in areas like eClosing? HousingWire: The term we keep hearing to describe 2020 is “unprecedented.”

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Valuation Mortgage Technology Real Estate 424

Housing Wire

FEBRUARY 27, 2024

But what if you could find them first? What if you could target the right prospects, at the right moment using data? The second largest data provider behind Zillow, SmartZip leverages a predictive analytics model that has been fine-tuned over the last 13+ years. Let’s learn how. Summary How does SmartZip work?

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Advertising Tools Real Estate Sellers 353

Housing Wire

MAY 24, 2022

However, they have several more pressing priorities when it comes to what they’re investing in. A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers.

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Modernization Appraisal Lending Investing 477

Appraisal Buzz

JUNE 27, 2022

Class Valuation, McKissock, and DataMaster are hosting a Free webinar on “ Staying Relevant in the Appraisal Industry ” June 28th at 2 pm with Mel Black, Matt Simmons, Jared Preisler, and Lamar Ellis. Buzz: What is your background in the appraisal industry? Buzz: What is your background in the appraisal industry?

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Appraisal Inspection Valuation Real Estate 195

Appraisal Buzz

JULY 26, 2021

The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. The article also addresses a flaw in the current licensing system for appraisers, primarily the supervisor-trainee model.

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Appraisal Real Estate Inspection Training 370

Housing Wire

MARCH 21, 2022

That shouldn’t start with the wishful determination of the multiple one might wish for in selling a business, nor the lowest possible valuation for the target of an acquisition. What is the business model after the acquisition activity, and what kind of business best fits that model and/or offers the most potential growth after acquisition?

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Business Sellers Buyers Valuation 305

Housing Wire

JANUARY 10, 2023

Well, here we are at the beginning of another year. For those of us in housing finance, the calendar year change really does mean something. There is a mix of hope and uncertainty as we anticipate the potential increase of post-holiday volume and the proven run up to the spring and summer buying season. Housing Affordability.

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Modernization Finance Appraisal Valuation 342

Housing Wire

APRIL 2, 2021

Proliant offers entrepreneurs an opportunity to set up their own title company, eliminating what it calls “traditional and difficult barriers” to entry into ownership. . How hybrid title and valuations help increase lending efficiency. With their model, we can do everything with a small footprint and still be viable.”

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Insurance Agents Training Valuation 242

Housing Wire

NOVEMBER 18, 2021

As everything continues to accelerate and the FHFA considers making widespread changes to the appraisal process, lenders need to make sure they’re working with technology vendors who are ready to respond to changing market conditions and are prepared for new approaches to valuation. Appraisal challenges impact everyone.

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Appraisal Appraisal Process Modernization Technology 379

Cleveland Appraisal Blog

JULY 6, 2022

What do you think? WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. So, what’s an appraisal inspection? In this article, I thought I would share my thoughts on this and whether scanning a property with Cubicasa is considered to be an appraisal inspection.

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Inspection Appraisal Technology Clients 369