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News By Edition
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Valuation Review Edition
May 2, 2022
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A milestone for reflection and celebration
Posted Date: Friday, April 29, 2022
In the beginning, news updates and feature stories were delivered by a publication titled “Appraisal Intelligence.”
Now, in its 20th year and under a different title, Valuation Review is still going strong providing industry news, trends and exclusive feature stories for appraisers and their business partners.
Read on for more.
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Industry veteran ‘educates’ borrowers about being misled
Posted Date: Wednesday, April 13, 2022
Home lending industry veteran Yatin Karnik shared with Valuation Review his thoughts on how to better educate borrowers from his article “Don’t Cry the Dip.”
As an advocate for residential home borrowers, Karnik is on a mission to educate borrowers about how big banks and lending institutions are repeatedly taking advantage of consumers throughout the lending process.
Read on to find out more.
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Company exec, economist offer remote working tips
Posted Date: Wednesday, April 20, 2022
In its “Appraisal Firm Remote Work Tips for Success” blog, Realquantum outlines advice for successful remote working.
One can be productive working from home but if you cannot operate remotely, some suggestions were offered.
Read on to find out more remote tips.
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Commercial firm adds multi-family valuation team
Posted Date: Wednesday, April 20, 2022
BBG recently added a new Florida multi-family team led by industry veteran Amanda Cooper, managing director at the firm’s Tampa Bay office.
The addition of this team expands BBG’s presence in the Florida market and in the multi-family valuation sector in the Southeast.
Read on to learn more.
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Clear Capital launches two appraisal solutions
Posted Date: Wednesday, April 13, 2022
Clear Capital recently launched Desktop Appraisal and Desktop Data Collection.
These are two products designed to modernize and increase certainty in the appraisal process.
Read on to learn more.
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Appraisal Logistics announces promotion
Posted Date: Wednesday, April 13, 2022
Appraisal Logistics has promoted Jake Ritterpusch, an experienced customer service professional and processor who has served the company since 2019, to sales executive.
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JLL’s Valuation Advisory group hires managing director
Posted Date: Monday, April 18, 2022
JLL’s Valuation Advisory group has hired Katie Parsons as managing director, Head of Industrial Property Sector.
Parsons will focus on driving growth, building the industrial platform, enhancing the customer experience and providing value to clients.
Read on to learn more.
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Freddie Mac names chief diversity, inclusion officer
Posted Date: Monday, April 11, 2022
Freddie Mac recently appointed Wendell Chambliss, a 20-year veteran of the company, as senior vice president and chief diversity and inclusion officer. In this newly created role, Chambliss will be responsible for programs and initiatives to bring greater diversity, equity and inclusion to the company and the housing industry.
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FTC approves final order in LREAB price-fixing case
Posted Date: Monday, April 11, 2022
Following a public comment period, the Federal Trade Commission (FTC) has approved a final order settling charges against the Louisiana Real Estate Appraisers Board (LREAB). The charges alleged LREAB violated Section 5 of the Federal Trade Commission Act by unreasonably restraining price competition for appraisal services in Louisiana and limiting the freedom of individual appraisers and their customers to engage in bona fide negotiations to determine fees for real estate appraisals.
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REX responds to NAR’s counterclaim
Posted Date: Monday, March 21, 2022
A real estate technology company has asked a judge to dismiss a counterclaim against it filed by the National Association of Realtors (NAR). REX sued NAR in March 2021, claiming its competitive mode is threatened by the concerted action of NAR and Seattle-based Zillow, along with their multiple listing services (MLS) affiliates.
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Attorney, author outlines ways to capitalize on the ‘crazy’ market
Posted Date: Wednesday, April 20, 2022
The real estate market continues to experience skyrocketing prices and lower-than-normal inventory, leaving a general state of frustration and confusion in its wake.
Tax attorney and ForbesBooks author Toby Mathis, in his book “Infinity Investing: How the Rich Get Richer and How You Can Do the Same,” illustrates how investors can find their niche and prosper.
Read on to learn more from Mathis.
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Veros: Will increasing interest rates finally slow market down?
Posted Date: Monday, April 18, 2022
Recently, Veros Real Estate Solutions released its Q1 2022 VeroFORECASTSM that anticipates home prices will appreciate on average 7.1 percent over the next twelve months.
VeroFORECAST evaluates home prices in over 330 of the nation’s largest housing markets.
Read on for more numbers.
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HUD awards $2.4 million to fight COVID-related housing discrimination
Posted Date: Wednesday, April 6, 2022
The Department of Housing and Urban Development (HUD) announced it is providing $2.4 million in American Rescue Plan (ARP) funding to help 11 HUD Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic.
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STRATMOR: Lenders seeing impact of blockchain
Posted Date: Wednesday, April 13, 2022
As the mortgage industry enters a down cycle, blockchain technology is emerging as a viable tool for lenders struggling with high origination costs, shrinking margins, complex processes and slow investor delivery. This is according to the mortgage advisory firm STRATMOR Group.
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LoanLogics launches wage income calculation tool
Posted Date: Monday, April 25, 2022
LoanLogics recently launched LoanBeam Wage, an automated tool that enables lenders to calculate wage earner borrower income quickly and accurately. The calculations are from paystubs and W2s, solving the paper-based challenges these income sources represent.
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Answering your ANSI questions
Posted Date: Wednesday, April 20, 2022
Hamp Thomas, real estate appraiser at Carolina Appraisers, recently took part in our The Move to ANSI Standards webinar. Afterward, he answered many of the questions which were submitted during the webinar.
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Data extraction company enhances its technology
Posted Date: Wednesday, April 20, 2022
Paradatec, Inc., a provider of artificial intelligence-based document classification and data extraction technology for mortgage and real estate documents, has released Version 8.0 of its enterprise software. The new version will deliver touchless document classification and expanded data extraction audit trails for enhanced process automation.
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Reggora expands appraisal-automation capabilities
Posted Date: Wednesday, April 20, 2022
Reggora has entered an enterprise agreement with ICE Mortgage Technology. With their strengthened partnership and integration, Reggora and ICE Mortgage Technology said they will create a best-in-class appraisal management experience for mortgage lenders.
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Thursdays in late April the best time to list a home
Posted Date: Wednesday, April 20, 2022
Nationwide, a Thursday during the second half of April is the best time to list a home for sale, according to Zillow’s analysis of 2021 home sales. Homes listed during those weeks can expect to fetch 2.8 percent more, or about $9,300 on the typical home.
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LoanLogics outlines tax transcript service
Posted Date: Monday, April 18, 2022
LoanLogics recently announced that the company’s LoanBeam Transcripts product provides Freddie Mac with IRS tax transcript data. This can be compared to the borrower’s tax return(s) data through Loan Product Advisor Asset and Income Modeler for self-employed, providing rep and warranty relief related to the accuracy and integrity of the tax return data used to calculate borrower qualifying income.
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SitusAMC launches warehouse services for lenders
Posted Date: Monday, April 18, 2022
SitusAMC has launched its Warehouse Administration Services, a comprehensive suite of technology-enabled turnkey services to help warehouse lenders setup, execute, enhance and scale their warehouse businesses. The company said the service will also improve efficiency and reducing costs.
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Incenter offers tax assessment assistance
Posted Date: Monday, April 18, 2022
With inflation, rising energy costs, supply chain interruptions and continued fallout from the pandemic exerting financial pressures on commercial property owners, Incenter Tax Solutions is urging clients to find new ways to maximize savings. This would include scrutinizing their property tax assessments.
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