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How High Interest Rates Are Changing Commercial Property Lending

Propmodo

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill.

Lending 113
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Real estate appraisals: What agents should know

Housing Wire

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. This includes foreclosed properties, flipped properties, distressed properties, commercial properties and industrial properties. Not necessarily.

Agents 436
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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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What AVMs can and can’t do in the appraisal process

Housing Wire

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc.

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First Team High Desert’s Commercial Broker Bruce Kallen Closes $8.2 Million in Sales in Just One Week

First Team Real Estate

HESPERIA, CA – Commercial broker and manager of the First Team Real Estate High Desert offices, Bruce Kallen recently closed escrow on two significant commercial transactions totaling over $8 million in closed sale volume. million, and a $1.45 million 7-11 anchored strip center in the Victor Valley.

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Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Housing Wire

Coupled with Valligent’s real-time streaming data and virtual inspection, the AI can then validate and learn what is most valuable in the data itself. For Quantarium, AI integration in the mortgage process has been a longterm goal – and something chef marketing and revenue officer, Romi Mahajan, said servicers should be prepared for.

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Things Builders Should Know About Spec Home Loans

Realty Biz

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Traditional mortgage loans are a common choice, particularly for individual spec homes. Benefits of Collaborating with Financial Brokers Working with mortgage brokers brings several advantages.

Loans 108