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Pandemic creates liability issues, concerns for appraisers
Posted Date: Monday, July 27, 2020
Attorney Peter Christensen addressed liability issues appraisers need to be aware of as assignments move forward during the country’s pandemic conditions.
What should concern appraisers?
Read on to find out what Valuation Review learned from his presentation at the virtual Valuation 20/20 conference.
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Chief appraiser discusses pandemic effects on industry
Posted Date: Monday, July 20, 2020
In a world with seemingly more changes and restrictions placed upon working professionals, the appraisal industry continues to adapt.
Clear Capital Chief Appraiser John Brenan shared with Valuation Review his thoughts as to what appraisers are doing, and need to do, in the pandemic atmosphere.
Read on to find out what Brenan told us.
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Appraisers need to watch for fraudulent pictures
Posted Date: Wednesday, July 22, 2020
With drive-by and desktop appraisals now becoming the norm, photographic fraud relating to interior inspections can become an issue for appraisers.
Genworth Mortgage Insurance Chief Appraiser Adam Johnston told Valuation Review what specifics appraisers should be on the lookout for.
Read on to learn more of our conversation.
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Cannae, Senator seek to replace CoreLogic board
Posted Date: Monday, August 3, 2020
Cannae Holdings, Inc. and Senator Investment Group, LP issued an open letter to CoreLogic shareholders.
The companies announced they have initiated the process to call a special meeting of shareholders to elect nine independent and highly accomplished directors to the CoreLogic board of directors.
Read on to learn more of what the intended buyers said in their letter to shareholders.
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LRES adds industry leader
Posted Date: Monday, July 27, 2020
LRES Corp. has expanded its commercial services offering by adding an industry expert to the team. Read on to learn who this is and how the move it expands upon LRES’ commercial valuation services.
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Report shows commercial real estate’s downturn
Posted Date: Wednesday, July 22, 2020
Commercial real estate executives confirmed a downturn in Q2 market conditions because of job losses and business shutdowns related to COVID-19.
This is according to The Real Estate Roundtable’s 2020 Q2 Economic Sentiment Index.
Read on to learn more from this report.
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Zillow sees no bargains in home pricing future
Posted Date: Monday, July 27, 2020
What is the look of future home pricing?
Home prices are showing resilience against the coronavirus pandemic, a new Zillow analysis shows.
Read on for more details from this report.
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Study: Best, worst cities for first-time homebuyers revealed
Posted Date: Wednesday, July 15, 2020
Mortgage interest rates are hitting record lows but many Americans are struggling financially because of the COVID-19 pandemic. The personal-finance website WalletHub has released its report on “2020’s Best & Worst Cities for First-Time Home Buyers.” Read on to learn who made the list.
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Veros: Home pricing resilient despite the pandemic
Posted Date: Monday, July 20, 2020
Veros Real Estate Solutions said its Q2 2020 VeroFORECAST data indicates an average projected appreciation rate for residential real estate.
This report, which reflects the nation’s largest 100 housing markets, has rebounded sharply from last quarter for an average of 3.5 percent through the second quarter of 2021.
Read on to learn more from this report.
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Master-planned Florida community a draw for millennials
Posted Date: Monday, July 20, 2020
Lakewood Ranch, one of the nation’s largest master-planned communities, maintained its position as the best-selling multi-generational community in the U.S., according to national real estate consulting firm RCLCO’s 2020 mid-year survey. Read on to learn more.
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Black Knight introduces more accurate AVM
Posted Date: Monday, July 20, 2020
Black Knight, Inc., has launched CA Property Condition AVM, an automated valuation model tool developed by Black Knight Collateral Analytics, which factors in the condition of real estate properties to help determine more accurate property values, the company announced in a release. Read on to learn more.
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Appraiser professionalism noted, TAF president says
Posted Date: Thursday, September 3, 2020
In a world filled with major changes due to health precautions stemming from COVID-19, appraisers have had to adapt very quickly to a new working environment.
And the professionalism on display from appraisers during this crisis, has been well-received and appreciated, according to The Appraisal Foundation President David Bunton, who expressed that thought and many others in a conversation with Valuation Review.
Read on to find out more.
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NS3: Industry’s best honored with OR awards
Posted Date: Thursday, September 3, 2020
For the ninth year, October Research, LLC, presented its annual awards for leadership, innovation and philanthropy, with some of the brightest stars in the title industry recognized for their efforts.
Publisher and CEO Erica Meyer presented the awards Wednesday at the 16th annual National Settlement Services Summit (NS3).
Read on for details about this year’s award winners, along with a look back to award winners of years past.
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Make a Child Smile supports Toys for Tots
Posted Date: Thursday, September 3, 2020
The ninth annual Make a Child Smile community service event at the National Settlement Services Summit (NS3) had a different feel this year.
The event, sponsored by Adeptive Software, featured a discussion between Terri Hanson, vice president, account services at Adeptive, and Toys for Tots President and CEO Lt. General James Laster. To
ys for Tots distributed more than 2 million toys, books and games already this year during the pandemic. Read on for more from the NS3 presentation.
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Zillow highlights top-quality speakers at NS3
Posted Date: Monday, August 31, 2020
It’s safe to say that the 16th version of the National Settlement Services Summit (NS3) will be unlike any before.
So it is fitting that the show is headlined by the first speaking appearance by Zillow at NS3. Ryan Berry, the senior vice president, central operations at Zillow Group, keynotes NS3, which runs Sept. 1-3.
Read on for details about the conference, its featured speakers, and the networking opportunities to come.
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NAR to HUD: Withdraw disparate impact rule
Posted Date: Wednesday, August 19, 2020
The National Association of Realtors (NAR) has asked the U.S. Department of Housing & Urban Development (HUD) to withdraw a proposed rule.
This is in relationship to NAR requesting HUD to amend its interpretation of the Fair Housing Act’s disparate impact standard, according to a letter to the agency.
Read on to find out more.
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Listing of high-end homes rebounding, Zillow says
Posted Date: Wednesday, August 19, 2020
After a significant drop in April and May, new listings of high-end homes in June were down only 9 percent from last year, according to a report from Zillow. Read on to learn more.
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RealtyTrac adds executive vice president
Posted Date: Wednesday, August 19, 2020
ATTOM Data Solutions announced that Rick Sharga has rejoined RealtyTrac as executive vice president of marketing. Read on to learn more.
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ICE buys Ellie Mae for $11 billion
Posted Date: Monday, August 17, 2020
Across the industry, digital adoption has soared since the pandemic forced remote and contactless transactions to grow. Mortgage technology firms have seen increased use because of that shift, and that trend led to the acquisition of Ellie Mae for the second time in two years.
Intercontinental Exchange announced that it would buy Ellie Mae from private-equity firm Thoma Bravo for $11 billion in cash and stock. The move comes 18 months after Thoma Bravo bought Ellie for $3.7 billion in cash.
Read on for details and reactions from both companies.
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Computershare consolidates programs
Posted Date: Monday, August 17, 2020
Computershare consolidated its mortgage services businesses under its Computershare Loan Services brand, the company announced in a press release.
The change means that a full range of services that cover every stage of the mortgage lifecycle now will operate directly under the Computershare Loan Services name.
Read on to learn more.
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Ellie Mae: Millennials to lead surge in purchasing market
Posted Date: Monday, August 17, 2020
Millennial purchase activity is on the rise, according to the latest Ellie Mae Millennial Tracker. Purchase share grew for the second consecutive month, reaching 56 percent. Read on to learn more.
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Freddie Mac Multifamily enhances renter awareness guidelines
Posted Date: Monday, August 17, 2020
Freddie Mac Multifamily recently announced it is taking steps to ensure renters have more information about protections afforded by the CARES Act and Freddie Mac Multifamily forbearance agreements. Read on to learn more.
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Multifamily lending increased to a new high
Posted Date: Wednesday, August 12, 2020
Strong market fundamentals and low interest rates in 2019 saw 2,589 different multifamily lenders providing a total of $364.4 billion in new mortgages for apartment buildings with five or more units.
This is according to the Mortgage Bankers Association's annual report of the multifamily lending market.
Read on to learn more.
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Commercial company launches survey service
Posted Date: Wednesday, August 12, 2020
BBG will augment its appraisal, property condition, environmental, zoning assessment and financial reporting services with American Land Title Association (ALTA) surveys, the appraisal company announced in a survey.
BBG also introduced its new managing director of the ALTA survey service.
Read on to learn more.
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SLK Global integrates with SharperLending
Posted Date: Wednesday, August 12, 2020
SLK Global Solutions announced that its property search solution SmartProp now is integrated with SharperLending’s EPN settlement services platform, SLK Global Solutions said in a press release. Read on to learn more.
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OpenClose, Access Business Technologies join forces
Posted Date: Wednesday, August 12, 2020
OpenClose has integrated with Access Business Technologies’ MortgageExchange interface solution to conduct business with more lending entities, according to the company’s release. Read on to learn more.
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Company exec looks at market value, regular appraisals
Posted Date: Monday, August 10, 2020
Are there set definitions of “normal” or “typical” when it comes to real estate value?
Valuation Review asked that question and others of Bradford Technologies Chief Valuation Officer Bill King, who provided much insight and examples on this topic.
Read on to find out what he told us.
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Capitalization rates, seniors housing outlook examined
Posted Date: Monday, August 10, 2020
More changes are coming to the market as a result of the nation's pandemic.
JLL Managing Directors Brian Chandler and Bryan Lockard, who are national practice leads for senior housing, address more commercial matters including changes to capitalization rates because of the COVID-19 environment.
Read on for more.
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Black Knight agrees to purchase Optimal Blue
Posted Date: Monday, August 10, 2020
Black Knight, Inc. has entered into a $1.8 billion definitive equity purchase agreement to acquire Optimal Blue.
Optimal Blue is a provider of secondary market solutions and actionable data services.
Read on to learn more.
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Appraisal Institute VP elected
Posted Date: Monday, August 10, 2020
Craig Steinley, of Rapid City, S.D., was elected 2021 vice president of the Appraisal Institute (AI) Aug. 6 by its board of directors during the board’s virtual meeting. Read on to learn more and hear from the new AI elected official.
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MISMO releases commercial appraisal standards
Posted Date: Monday, August 10, 2020
MISMO released new proposed data standards for commercial property appraisals. The new dataset will facilitate the efficient exchange of appraisal information across the commercial real estate finance industry, the Mortgage Bankers Association announced. Read on to learn more.
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ASA sends letter on proposed rule
Posted Date: Monday, August 10, 2020
The American Society of Appraisers (ASA), in a letter July 21 to the Securities and Exchange Commission (SEC), voiced its support for a proposed rule that harmonizes existing fund valuation guidance and clarifies what is expected from boards and advisors when a market quotation is not readily available. Read on to learn more from the ASA letter to the SEC.
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Walker & Dunlop joins Freddie Mac program
Posted Date: Monday, August 10, 2020
The Walker & Dunlop, Inc. multifamily small loans team, WDExpress, is now an approved Freddie Mac Optigo Small Balance Lender, the company announced. Read on to learn more.
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Examining price versus value, cost
Posted Date: Monday, August 3, 2020
Bradford Technologies Chief Valuation Officer Bill King expressed his views on price versus value, and by extension, cost as well, at this year’s virtual Valuation 20/20 conference.
King noted that this might seem somewhat elementary at first glance, but it is good practice for appraisers to revisit foundational concepts they rely on.
Read on for more of what Valuation Review learned from King’s presentation.
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AI urges swift passage of legislation
Posted Date: Monday, August 3, 2020
The Appraisal Institute (AI) sent a letter urging swift passage of the Portal for Appraisal Licensing Act of 2020 in the 116th Congress.
This legislation would amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a portal for appraisal credentialing and AMC registration information, and for other purposes.
Read on to learn more of what AI’s letter said.
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Fannie Mae updates FAQs regarding appraisals
Posted Date: Monday, August 3, 2020
In response to COVID-19, Fannie Mae and Freddie Mac have provided temporary guidance to appraisers on several policy areas, as well as new FAQs providing additional information on the temporary policies. Read on for the latest updated questions with answers to assist the appraiser.
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Nations Lending expanding
Posted Date: Monday, August 3, 2020
Nations Lending Corp. again is expanding in the South, this time in Georgia, the company announced in a release. Read on to learn more of what this expansion means for business.
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Commercial panel discusses senior housing trends
Posted Date: Wednesday, July 29, 2020
Valuation Review sat down with JLL Managing Directors Brian Chandler and Bryan Lockard, who are national practice leads for senior housing.
The experts discussed what is possibly in line for commercial housing should another wave of virus infections happen.
Read on to find out what we were told by JLL.
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Report shows data disclosing flood risk for homes
Posted Date: Wednesday, July 29, 2020
The nonprofit research and technology group First Street Foundation has released flood risk data.
The numbers reflect for more than 142 million homes and properties across the country.
Read on to learn more of the numbers.
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Walker & Dunlop bolsters multifamily appraisal with hires
Posted Date: Wednesday, July 29, 2020
Walker & Dunlop, Inc. and GeoPhy released the expansion of their multifamily appraisal business, Apprise, with the addition of two individuals. Read on to learn who is joining the company and how these hires enhance its appraisal business.
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CBC Mortgage Agency extends borrower counseling
Posted Date: Wednesday, July 29, 2020
CBC Mortgage Agency has extended its post-purchase counseling for borrowers from one year to 18 months. The extension is being made because of the lengthy financial hardships being experienced by borrowers as a result of the COVID-19 pandemic, the company announced in a release.
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DocMagic, Simplifile partner to advance programs
Posted Date: Wednesday, July 29, 2020
DocMagic, Inc. has partnered with leading real estate document collaboration and recording technology provider Simplifile to deliver new process efficiencies that further digitize the closing process, including post-closing automation, the company announced in a release. Read on to learn more about this partnership.
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MBA: COVID-19 to cause pullback in commercial lending
Posted Date: Monday, July 27, 2020
Commercial and multifamily mortgage bankers are expected to close $248 billion of loans backed by income-producing properties in 2020.
This is a 59 percent decline from 2019’s record volume of $601 billion, according to a new forecast released by the Mortgage Bankers Association.
Read on to learn more.
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