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How appraisers are handling changes in business
Posted Date: Monday, March 23, 2020
As public health officials have worked to isolate people this month in response to the coronavirus, appraisers are trying to determine how to keep business running when face-to-face meetings and appraisals are being discouraged.
Valuation Review spoke with individuals who offered tips and guidance to try and sustain business as uncertainty remains over the next few months, and maybe beyond.
Read on to find out what we were told.
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TAF pleased with Congress’ push for exemption accountability
Posted Date: Monday, March 23, 2020
Recently, Congress requested the Government Accountability Office conduct a study pertaining to FIRREA.
Valuation Review spoke with The Appraisal Foundation President David Bunton about what this move by Congress means.
Read on to find out what he told us.
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Fannie outlines appraisal flexibility surrounding COVID-19
Posted Date: Wednesday, March 25, 2020
Since the business disruption caused by the coronavirus, in many cases, lenders are unable to obtain an appraisal based on full interior and exterior inspections of subject properties.
Fannie Mae has responded with guidance for appraisers, stating the waiving of full appraisal requirements for certain assignments.
Read on to learn more.
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Chief innovation officer outlines efficiency in the real estate space
Posted Date: Monday, March 16, 2020
Following his appointment as chief innovation officer, Valuation Review sat down with Accurity Valuation’s Mark Verrett.
He shared with us his thoughts on the client involvement in the appraisal process and how efficient practices can enhance appraisal relationships.
Read on to learn more.
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AIC welcomes House of Commons committee report
Posted Date: Monday, March 16, 2020
The House of Commons Standing Committee on Finance presented its report, “Canadian Ideas: Leveraging our Strengths” to the Appraisal Institute of Canada last month. Read on to learn what information was shared.
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Roostify, TD Bank expand partnership
Posted Date: Wednesday, March 18, 2020
TD Bank has joined forces with digital lending platform Roostify, and its home equity solution to the bank’s digital home lending platform, the companies announced in a release. Read on to learn more.
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HouseCanary adds new team member
Posted Date: Monday, March 23, 2020
HouseCanary, Inc. welcomed former Treasury Department counselor Craig Phillips as the company’s new senior advisor. Read on to learn more about this key industry appointment.
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AI opposes Biden’s call for more appraisal standards
Posted Date: Monday, March 23, 2020
Responding to presidential candidate Joe Biden’s call to “establish a national standard for housing appraisals,” the Appraisal Institute (AI) said a new standard is “unnecessary because one already exists,” according to a post on the AI website. Read on for more reaction from AI.
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Clear Capital, Ellie Mae streamline originations
Posted Date: Wednesday, March 18, 2020
Clear Capital recently has grown its partnership with Ellie Mae with a dedicated focus on streamlining and automating the valuation portion of loan origination. Read on to learn more.
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CREF Outlook Survey predicts stronger 2020 for multifamily mortgages
Posted Date: Monday, January 27, 2020
Following what is expected to be a record year of lending in 2019, commercial and multifamily mortgage originators anticipate 2020 to be another strong year.
This is according to the Mortgage Bankers Association’s (MBA) 2020 Commercial Real Estate Finance Outlook Survey.
Read on to learn more and hear from a MBA executive.
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Ellie Mae: Millennial refinancing peaked for 2019
Posted Date: Thursday, December 26, 2019
The share of refinances closed by millennials in October increased month-over-month, reaching a new high, according to the latest Ellie Mae Millennial Tracker. Read on for more details.
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Wells names mortgage lending division CEO
Posted Date: Wednesday, February 26, 2020
Wells Fargo named Mike Weinbach as CEO of the company’s Consumer Lending department. Read on to learn more about this hire.
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Valuation company tech platform adds funding
Posted Date: Monday, March 16, 2020
HouseCanary recently announced it closed a $65 million round of new funding.
Valuation Review reached out to HouseCanary co-founder and CEO Jeremy Sicklick for additional information on the cash infusion, how it will be used and what it means for appraisers moving forward with their businesses.
Read on to find out what we were told.
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Some seller concessions causing appraiser headaches
Posted Date: Monday, March 30, 2020
First Commonwealth Mortgage’s Brad Binder outlines more facts homebuyers should be armed with before making a purchase, while suggesting what appraisers may need to know during selected transactions. Read on to learn more.
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SBA offering disaster loans
Posted Date: Monday, March 30, 2020
The Small Business Administration is offering low-interest federal disaster loans for working capital to North Carolina small businesses suffering substantial economic injury as a result of the coronavirus, SBA Administrator Jovita Carranza announced. Read on to learn more.
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Bunton sees more guidance from hearings, GAO study
Posted Date: Wednesday, March 25, 2020
Valuation Review heard more insights from The Appraisal Foundation (TAF) President David Bunton.
Bunton elaborated on how decisions made in Washington, D.C. will help appraisers function more efficiently with clarity.
Read on for more of the conversation.
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WFG names division president
Posted Date: Wednesday, March 25, 2020
WFG National Title Insurance Co. has appointed a president of the company’s Arizona Division. Read on to find out who the new executive is, and what his role means for enhancement of residential and commercial real estate transactions.
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Bank receives preferred lender status
Posted Date: Wednesday, March 25, 2020
MainStreet Bancshares, Inc., the parent company of MainStreet Bank, has designated MainStreet Bank as a preferred lender with the Small Business Administration. Read on to learn more.
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