Housing Wire

MAY 9, 2022

While refinance closing costs increased marginally, the bump was still less than 1% of the average refinance loan amount of $304,909 and below the national inflation rate of 7% in 2021, the report said. Hawaii had the highest average closing costs for refinance loans, at $4,730 in Hawaii. On average lenders originated 2.4

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Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Today, borrowers and lenders alike expect an easy and expedited home loan experience. QVM Insights is an easy-to-use, accurate and technology-driven way to manage the appraisal piece of the “supply chain.”

Technology 201

Technology Inspection Loans Residential 201

Housing Wire

SEPTEMBER 13, 2023

CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Investor Inspection Loans Technology 375

Housing Wire

AUGUST 14, 2023

Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. Lenders accelerated technology adoption, and regulations were loosened to give lenders more flexibility in using desktop and hybrid appraisals at a time when safety and social distancing were top priorities.

Technology 335

Technology Title Staging Loans 335

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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Loans Technology Development Inspection 236

Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.

Loans 369

Loans Inspection Technology Design 369

Housing Wire

DECEMBER 14, 2020

In addition to the struggles of maintaining clear lines of communication, consumer safety became a major concern in real estate technology as the risk wire and title fraud also began to climb as loan volumes increased. Some companies still tried to manage the influx in a traditional way by hiring rapidly.

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Title Loans Technology Closing 235

Housing Wire

FEBRUARY 21, 2023

Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork. It should keep the consumer happy and minimize the cost of originating the loan. Technology makes this possible as it builds new efficiencies. Origination modernization can give them the edge. 60% cited speed.

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Pre-approval Technology Title Loans 319

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

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Equity Technology Investor Lending 360

Housing Wire

NOVEMBER 8, 2023

With these tools, lenders are poised to see “shorter loan cycle times, lower consumer costs, and an improved borrower experience,” the company said in a statement. During the last refi boom, some appraisers were scheduling inspections as far as four to six weeks out, which was slowing down the entire loan transaction.

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Inspection Title Loans Industrial 306

Housing Wire

JANUARY 12, 2023

They can do this by applying advanced technology — digital title solutions, automated inspection and appraisal tools, consumer-facing scheduling apps and eClosing solutions — and working with you to optimize your internal workflows and processes. Leading-edge technology products/solutions. A steadfast commitment to security.

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Equity Title Technology Inspection 366

Housing Wire

JULY 11, 2022

Black Knight this week launched a tool that enables lenders to compare loan estimates and closing disclosures from closed loans to minimize expenses in a higher rate environment. 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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Loan Officer Loans Inspection Title 342

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: What are the risk management challenges for REO assets? territories.

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Due diligence Marketing Mortgages New Construction 356

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. SW: How do you think about technology and prioritizing what to do next? What’s changing there?

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Technology Due diligence Development Loan Officer 413

Housing Wire

DECEMBER 20, 2022

Department of Veterans Affairs (VA) mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals, and in some circumstances, waiving appraisals altogether. . It is expected to be signed by President Joe Biden.

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HR Inspection Loans Finance 370

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Inspection Technology Loans Mortgages 403

Housing Wire

FEBRUARY 20, 2024

Collateral risk is a component of the loan that takes into consideration the credit risk of the borrower in addition to the collateral. Property data in its current state is a big barrier to a lot of technology companies. We need more technology and vendors to be in the space and capable of fulfilling these products.

Technology 375

Technology Industrial Inspection Loans 375

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 476

Housing Wire

AUGUST 11, 2023

While the industry as a whole has been adopting new technology , the appraisal process has remained relatively unchanged — right down to the forms used to complete them. That means more opportunities for lenders — and their borrowers — to benefit from loans originated without an appraisal. If we can check those boxes, we succeed.

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Loans Technology Industrial Inspection 302

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

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FHA loan Renovation Equity Loans 309

Housing Wire

JUNE 27, 2023

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. “We are excited about the integration of our platform with Lender Toolkit’s AI Underwriter.

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Mortgages Inspection Loans Technology 280

Housing Wire

DECEMBER 8, 2022

For instance, desktop appraisals became a permanent option for certain loans in March 2022, and along with hybrid appraisals, they’re reducing cycle times significantly. “We We are effectively increasing the supply of people who can go and facilitate inspections in the industry,” Zitin said. But what if we want to close even faster?

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Technology Inspection Industrial Closing 368

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. We can get to a 10 — I’m confident we will get to a 10 — but it’s unlikely unless we use technology to get there.

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Construction Technology Inspection Industrial 450

Housing Wire

JANUARY 3, 2022

According to Clear Capital, the tool uses computer vision technology to highlight the right files automatically so underwriters can make more efficient and informed decisions. At the moment, the technology is being piloted internally. According to a recently published study by the U.S. Presented by: Accurate Group.

Technology 394

Technology Inspection Loans Residential 394

Housing Wire

FEBRUARY 1, 2023

What servicers need on the back end is plug-in technology that delivers value quickly and easily. Aspen Grove has deep DNA in servicing technology. Many servicers today rely on a legacy patchwork quilt of systems with disconnected processes, data and teams. Auto-scales: Cloud-native micro-services architecture enables scalability.

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Bankruptcy Technology Inspection Loans 300

Housing Wire

JANUARY 10, 2022

Tom Kriby: Everyone knows home inspections and appraisals can hold up a closing, but insurance is another possible roadblock for an on-time closing. However, the process could become more transparent and simplified if lenders better integrated the purchase of insurance into their loan origination platform.

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Closing Loans Inspection Technology 464

Housing Wire

MAY 2, 2021

Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle. In addition, innovative technology supports different valuation use cases throughout the lifecycle, with customized pricing structures and delivery options. “Not Everyone wins.”.

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Lending Technology MLS Loans 351

Housing Wire

MARCH 23, 2021

This scarcity catapulted appraisal costs and cycle-times running into three to four weeks in many cases and highlighted the growing need for appraisal modernization, including technological and data-driven solutions and other appraisal alternatives. HW: How and why has appraisal management technology evolved over the past year?

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Inspection Technology Industrial Development 317

Housing Wire

OCTOBER 29, 2021

Luckily, the technology and infrastructure we had in place at ServiceLink kept our client service uninterrupted. We’ve invested hundreds of millions of dollars in leading-edge title technology – and our teams of top data scientists, inventors and engineers ensure our processes are as automated as possible.

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Title Title search Equity Inspection 291

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. When somebody applies for a home loan, there are several handoffs and requests for information between the borrower and various internal departments.

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Lending Technology Loans Industrial 323

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. In March, Fannie Mae said it would start offering desktop appraisals for some loans.

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Equity Inspection Lending Finance 311

Housing Wire

OCTOBER 26, 2020

When it comes to common pain points lenders are seeing in the second half of 2020, handling high loan volumes continues to loom large. Since launching in 2015, Xome has become a one-stop-shop for the entire real estate experience connecting every major touchpoint in the transaction process, from finding a home to closing the loan.

Technology 365

Technology Inspection Title Loans 365

Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. During the pandemic, loans were averaging more than 45 days to close, according to data from ICE Mortgage Technology.

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Industrial Technology MLS Inspection 375

Housing Wire

OCTOBER 18, 2022

Lenders and marketers are looking for better ways to process home equity loans, craft more precise marketing campaigns and engage with prospects more efficiently in consumer-direct settings. More advanced AVMs provide these lenders with new options, particularly for low loan-to-value (LTV) clients and HELOCs.

Equity 268

Equity Lending Technology Loans 268

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. Sean Faries, CEO, Land Gorilla.

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Land Lending Branding Construction 213

Housing Wire

AUGUST 31, 2022

With the use of PerfectDocs technology, virtually anyone can prepare, validate, execute, notarize and even record these documents within minutes without compromising the integrity or validity of the document. Quality inspection after data entry can be customized to account for new employees or experts with low error rates.

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Title Technology Inspection Loans 314

Housing Wire

MARCH 7, 2022

Blockchain technology is probably best to record ownership interests for intangible assets associated with intellectual property rights,” Moringiello said in an interview. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology.

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Sales Purchase and sale agreement Title Inspection 467