Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

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Lending Technology Loans Industrial 303

Housing Wire

MAY 3, 2024

They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. Difficult inspections have been on the rise over the last few months. Stringent lending standards In the aftermath of the 2008 housing crisis, lax lending standards were identified as a major contributor.

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Pre-approval Lending Inspection Equity 310

Propmodo

OCTOBER 31, 2023

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. Plus, many owners have no other option.

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Lending Commercial Banks Construction 113

Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. The post Are these factors creating chaos in your mortgage lending ops? The servicing platform can place the orders easily enough, but then what?

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Lending Mortgages HR Title 268

Housing Wire

NOVEMBER 4, 2020

In addition, servicers need to maintain relationships with a number of outsourcers who are not being paid during the moratorium, including foreclosure attorneys, eviction attorneys, inspection providers, real estate companies, appraisers, property preservation vendors and REO suppliers.

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Lending Investor Inspection Loans 278

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

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Housing Wire

FEBRUARY 6, 2024

The product is completed from the desk of Opteon’s commercial staff appraisers in just 2-3 business days without requiring an inspection. Opteon is committed to bringing innovative solutions to the entire lending industry. The information therein enables underwriters to make informed decisions quickly.

Commercial 349

Commercial Lending MLS Inspection 349

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below. We do that.

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Lending Commercial Inspection Land 99

Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. Freddie Mac announced automated collateral evaluation (ACE) as a new solution and Fannie Mae followed not long after with the introduction of Property Inspection Waivers (later renamed Value Acceptance).

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Loans Inspection Lending Technology 327

Housing Wire

AUGUST 5, 2022

It becomes even more important in a highly competitive lending environment, as everyone is trying to give borrowers the fastest and best experience while maintaining process integrity. Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process.

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Inspection Lending Industrial Technology 359

Housing Wire

MAY 24, 2022

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. However, they have several more pressing priorities when it comes to what they’re investing in.

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Lending Loans Inspection Mortgages 474

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. The need to physically inspect each property will be replaced with data or other inspection options in many cases. To learn more about Tavant’s Touchless Lending platform, click here. You can’t ignore it.

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Technology Lending Inspection As-is 331

Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections.

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Inspection Lending Technology Industrial 336

Realtor.com

FEBRUARY 5, 2021

But before the sale is closed, you will need to clear several hurdles, one of which may be a termite inspection. While only a few states require it—and there is no federal law that mandates a termite inspection when buying a home—you might want to think twice before skipping it. Your lender may require it.

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Inspection Loans Development Lending 122

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Chicago, I think, is suffering more than most markets in the United States.

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Loan Officer Loans Finance Mortgages 342

Housing Wire

SEPTEMBER 13, 2023

The mortgage ecosystem evolves quickly, with different sub-sectors such as lending, loan aggregation as well as loan securitization being impacted, Sean Begley, senior director of business development at CAPE Analytics, told HousingWire.

Investor 361

Investor Inspection Loans Technology 361

Enertiv

JULY 24, 2023

From the humble garden style property, to the trophy high rise, to the logistics fulfillment and distribution center, the inspection is a fixture of owning and operating commercial real estate. Inspections form the basis for prioritizing maintenance work and capital investments. Moreover, many issues identified are not isolated.

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Inspection Commercial Property Management Technology 52

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Use the home inspection as a bargaining chip: After the appraisal, getting the home inspected is another major part of the home-buying process.

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Pre-approval Inspection Lending Staging 433

Housing Wire

OCTOBER 14, 2020

Inspex is a new, DIY home inspection and valuations app that empowers lenders to provide their customers with a simple, contactless option. Not just a photo-collection tool, Inspex significantly reduces inspection wait times by as much as 50 percent – improving the experience for everyone. Inspex TM by Xome. Product Fast Facts: #1.

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Inspection Lending Equity As-is 303

Housing Wire

MARCH 10, 2023

” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Title Inspection Lending Closing 382

HomeLight

MAY 27, 2021

And while you understand that a home inspection and appraisal are integral to selling your house, it’s easy to forget how these processes work. Costa is also the author of “ What Every Realtor Should Know About Home Inspections: A Guide to Avoiding Traps and Common Mistakes ”. What is a home inspection? What is an appraisal?

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Inspection Purchase and sale agreement Pre-approval Loans 98

Housing Wire

MAY 2, 2021

We continue to see the benefits of using advanced AI and machine learning techniques when developing new mortgage lending solutions,” said Ann Regan, Executive, Product Management at CoreLogic. The performance, delivery and pricing of each THV solution are customized to unique needs of each lending use case.

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Lending Technology MLS Loans 351

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In simple terms, the lender will not lend more than a certain percentage of what the home is worth as of the date of contract. What is a Home Inspection?

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Inspection Lending Equity Agents 52

Housing Wire

FEBRUARY 1, 2023

Once the loan is closed, UWM claims it will handle the rest of the process by staying in direct communication with the builder on subsequent draws, as well as subsequent inspections, to confirm the project is on pace.

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Construction Loans Loan Officer New Construction 393

Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. The real estate lending market is more competitive today than it has ever been. Others are marketing and claiming first-mover innovation on technology capabilities, such as mobile property inspections, that have existed for years.

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Technology Title Staging Loans 317

Housing Wire

JUNE 14, 2022

Desktop appraisals and hybrid appraisals, where an independent third-party inspects the property, both “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower,” wrote Fannie Mae. Non-traditional appraisals to the rescue.

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Equity Inspection Lending Finance 292

Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose.

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Equity Technology Investor Lending 349

Housing Wire

JULY 22, 2022

The DOJ said Campos and Best have been evading authorities since January after they were both indicted for allegedly participating in a conspiracy to defraud mortgage lending businesses, banks, the Small Business Administration and the Federal Trade Commission.

Mortgages 385

Mortgages Loans Inspection Lending 385

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said.

Title 344

Title Technology Inspection Closing 344

Housing Wire

DECEMBER 1, 2020

Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending. Faries believes technology should enhance digital experiences for all project stakeholders.

Land 208

Land Lending Branding Construction 208

Housing Wire

SEPTEMBER 23, 2021

Remote inspections have the power to make homeowners and appraisers more comfortable. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. User-friendly for everyone.

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Inspection Technology Industrial Lending 320

Housing Wire

JUNE 30, 2021

Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays. The future of wholesale lending is a continued use of technology and innovation to help further streamline the lending process,” Pidgeon said. Nicole Blosch, Client Relationship Executive.

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Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. Jeff Ball is CEO of Viseo Lending.

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Investor FHA loan Inspection Renovation 387

Housing Wire

JULY 15, 2021

Throughout the process, Davis faced common issues, such as being outbid on a property and encountering unexpected defects in homes she toured that wouldn’t have passed inspection. But with HomeFree-USA and Citi by her side, she faced each challenge head-on with a supportive lending partner that helped minimize fallout.

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Lending Development Mortgages Inspection 391

Housing Wire

OCTOBER 18, 2022

homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. AVMs have been a “workhorse” lending tool for more than two decades. AVMs are getting smarter.

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Equity Lending Technology Loans 253

Housing Wire

JANUARY 7, 2021

With the integration, Blend will have access to the companies Dual AUS functionality – a product unveiled in 2018 with the ability to run an application through both systems and quickly identify property inspection waivers early on in the process. Though that need may have started long before the pandemic.

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Mortgages Lending Loans Investor 228

Housing Wire

APRIL 13, 2021

Richardson also noted that there have been fewer property inspection waivers issued by Fannie Mae in the last several months, keeping appraisers, inspectors and others in valuation very busy.

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