Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. Technology makes this possible as it builds new efficiencies.

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McKissock

MARCH 24, 2023

On April 12, 2023, McKissock Learning will host a FREE one-hour, non-credit Pro-Series webinar titled “Virtual Inspections with RemoteVal.” Plus, check out the FAQs below to learn some basic info about virtual property inspections with RemoteVal in advance of the webinar. Register now. What is RemoteVal?

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Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

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Housing Wire

JUNE 30, 2021

ServiceLink, which is backed by Fidelity National Financial, meets the unique needs of wholesale lenders by providing title insurance, appraisals, flood certificates and closing services. More than 50 years of title industry expertise gives ServiceLink unique insight into the needs of our wholesale clients.

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McKissock

NOVEMBER 13, 2020

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous. However, inspecting these types of properties can be dangerous. Safety tips for appraisers.

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Housing Wire

JULY 11, 2022

The Ernst Fee Service is used by lenders to minimize fee cures by providing recording fees, transfer taxes, property tax, title, settlement, inspection data, and lender and appraisal fees. . Black Knight, which has agreed to be bought by rival ICE Mortgage Technology in a deal v alued at $13.1

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Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Can you leverage AI and machine learning to speed up title decisioning? Things that may seem simple on the surface – such as scheduling an appraisal or closing – can actually be a source of friction for a borrower.

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Realty Biz

SEPTEMBER 11, 2023

During this stage, various contingencies, inspections, and other conditions may need to be met before the sale is finalized. Additionally, low appraisals can lead to financing issues as they can affect the agreed-upon price. Home Inspection Concerns Home inspections are crucial to the buying process.

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McKissock

DECEMBER 7, 2021

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies. Learn more in our free guide, The ROI of Professional Development for Appraisers.

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HomeLight

MARCH 7, 2024

Contingencies: Conditions that must be met for the sale to proceed, such as home inspections, financing approval, and the sale of the buyer’s current home. Appraisal concerns: If the property appraises for less than the offer price , it can jeopardize financing, prompting buyers to back out.

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HomeLight

MARCH 28, 2024

When a home sale closing is delayed, it’s usually the buyer holding up the deal due to financing hiccups, low appraisals, title issues, or problems found during the final walkthrough. This often includes loan origination fees, appraisal fees, and title insurance. These are common obstacles with obvious solutions.

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Housing Wire

OCTOBER 26, 2020

Working with some of the nation’s largest banks and mortgage servicers, offering asset management, property disposition, title, close, valuation, and field services through an integrated, technology-driven platform. In these situations, Inspex can be paired with an appraiser-completed exterior inspection.

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Technology Inspection Title Loans 384

Redfin

JUNE 11, 2021

You’ve gotten preapproved for a home mortgage, found your dream home, negotiated an agreeable sales price, successfully maneuvered through the home inspection process, and finally, you have a fully executed sales contract in hand for your new house. . So, what should you expect with this next step in the appraisal process?

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Windemere Buying

APRIL 12, 2023

Home Inspector The home inspection is key to the home buying process. Buyers will often include a home inspection contingency in their offer to allow for renegotiation or canceling the contract entirely. Buyers will often include a home inspection contingency in their offer to allow for renegotiation or canceling the contract entirely.

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HomeLight

MAY 26, 2021

If you’re taking out a mortgage, your lender will arrange something called a home appraisal. But who pays for the appraisal? This guide will help you understand who pays for the home appraisal and why it’s important. What is a home appraisal? One piece of information your lender will look at closely is the home appraisal.

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Realty Biz

DECEMBER 15, 2022

A Low Appraisal Can Torpedo the Sale. An appraisal is part of securing financing for the property. If it comes in low: The buyer can get a second appraisal. Even with a solid appraisal, financing is not guaranteed. Satisfactory home inspection. A Home Inspection Is Critical. The seller can lower the price.

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Norada Real Estate

APRIL 15, 2023

Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency. This contingency allows the buyer to have the home inspected and negotiate repairs or credits with the seller. Factors that Affect the Length of Under Contract A.

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HomeLight

MARCH 15, 2024

A real estate agent gets a fee from a home inspection service for referring sellers or buyers, potentially compromising the impartiality of the inspection. Title companies offering gifts or financial incentives to real estate agents for steering business their way, affecting the neutrality of the agent’s recommendations.

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HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. A cash sale can usually be turned over in a week to two weeks , as it allows you to skip the mortgage process and the appraisal, which are typically the two most time-consuming steps in the process. Complete home inspection: 5-15 days.

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HomeLight

JANUARY 17, 2024

The home appraisal came in too low: If the appraisal value is less than the agreed purchase price , it can create financing challenges, leading you to reconsider the purchase.

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Real Trends

AUGUST 8, 2022

Deals fall through for several reasons including the following: Issues are found during inspection: A home inspection may reveal issues with the property causing the buyer to back out. Appraisal or inspection issues. Liens on the title. The lien might also be covered under a title insurance policy.

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Realty Biz

JUNE 7, 2021

The mortgage lender, home inspection process, and appraisal process can all bear the time frame for the closing. Going through the inspection process. Possibly renegotiating any substantial home inspection problems. Going through the home appraisal process. Reviewing the title for liens and other encumbrances.

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Housing Wire

OCTOBER 1, 2020

. “Clients don’t think of buying a home as multiple things, they don’t think, ‘Well I’ve got to get a mortgage, I’ve got to get title, I’ve got to get an appraisal, I’ve got to find a real estate agent, I’ve got to get an inspection,'” said Farner.

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Redfin

MARCH 2, 2023

One important concept that all homebuyers should be familiar with though is the appraisal contingency. In this guide, we will explore what an appraisal contingency is and how it can impact your homebuying journey. What is an appraisal contingency? How does an appraisal contingency work? What is a contingent offer?

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Realty Biz

APRIL 17, 2023

Home Inspection Results Buyers unsatisfied with the home inspection results can terminate the real estate transaction and get their earnest money refunded. A home inspection is an essential step in the home-buying process as it helps identify potential issues with the property.

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. However, is appraisal modernization on its own enough? Lenders hit the obstacle of the appraisal process.

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Technology Title Staging Loans 370

RIS Media

APRIL 8, 2022

Low appraisal. Real Estate appraisals are usually completed when homes are bought via mortgage loans. A qualified appraiser establishes the home value via many factors ranging from location to condition. Appraisals that are lower than expected may put a home back on the market. Home inspection problems.

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HomeLight

OCTOBER 25, 2023

Title and settlement fees. Inspections and home appraisal fees. For example, Maribel Frey explains that in San Antonio, where she is a top real estate agent, it’s actually customary for the seller to pay the title fees, not the buyer. Home warranty. Homeowners insurance. Prorated property taxes.

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Realty Biz

AUGUST 22, 2022

Here are a few of those potential additional costs: Home Inspection Fee. They will come and inspect the property to make sure that it is in good condition and that there are no major problems. Many people will try to avoid getting a home inspection in order to save money. Home Appraisal Fee. Homeowners Insurance.

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Realty Biz

AUGUST 22, 2022

I didn’t even include an inspection contingency. In a few short weeks, the market has gotten much softer in this neighborhood and I’m not even sure the house will appraise for my purchase offer. It does sound like the appraisal is key to answering that question. Now I have buyer’s regret.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 103

Realty Biz

AUGUST 2, 2023

While online calculators provide a general idea, it's important to remember that they are not a substitute for a professional appraisal or market analysis. In addition, an experienced agent will have established relationships with other industry professionals, such as mortgage lenders, home inspectors , and title companies.

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McKissock Real Estate

MARCH 6, 2023

Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. Fannie Mae is rebranding their Appraisal Waiver process and calling it Value Acceptance.

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Lending Title Inspection Loans 79

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. House inspections, possible renegotiations with the seller, an appraisal, a title review, and approval of your mortgage applications are just some of the events that go on during the closing process.

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HomeLight

DECEMBER 31, 2020

Things that could derail a sale during the sale pending period include: The home inspection. The property appraisal. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency. An appraised value that comes in under the contract price.

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Realty Biz

JANUARY 9, 2024

If there is a wide spread on the value of your home from real estate agents, get a professional appraisal. Some common contingencies to consider include financing contingency, appraisal contingency, inspection contingency, and title contingency.

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Purchase and sale agreement Earnest money deposit Title search Title 96

McKissock

MARCH 6, 2023

Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. Fannie Mae is rebranding their Appraisal Waiver process and calling it Value Acceptance.

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Lending Title Inspection Loans 67

Realty Biz

JULY 1, 2023

Step 4: Property Inspections and Disclosures A home inspection is a comprehensive evaluation of your potential new home that includes an assessment of the structure, mechanical systems, and major appliances. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.

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