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Flagstar increasing fees, easing automation, chief appraiser says
Posted Date: Monday, September 14, 2020
At the Valuation 20/20 virtual conference, Flagstar Bank’s Tony Reese discussed the way appraisers used to do business.
Reese also emphasized how such methods would be a welcome sight today.
Read on to hear what appraisers can do to cement better working relationships.
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AI seeking diversity expansion, combatting alleged bias
Posted Date: Monday, September 21, 2020
As the nation continues reflecting on important matters of racial justice, the Appraisal Institute (AI) reiterated its efforts regarding certain subject matters.
AI is looking to expand opportunities for aspiring appraisers and help combat alleged bias in valuation.
Read on to learn more and hear from AI President Jefferson L. Sherman about these topics.
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Industrial, data center sectors remain healthy during pandemic
Posted Date: Wednesday, September 23, 2020
Industrial buildings, cold-storage facilities and data centers are thriving in the COVID-19 environment.
The pandemic is driving increased demand for these properties, according to a release from BBG, a leading due diligence commercial real estate firm.
Read on to learn more.
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Zillow: Consumers want new expectations to be met
Posted Date: Wednesday, September 16, 2020
At the 2020 National Settlement Services Summit (NS3), keynote speaker Ryan Berry of Zillow addressed the transaction process and how customer expectations have changed.
He also talked about how COVID-19 has accelerated the need for technological adoption as well as industry commitment to meeting these new expectations.
Read on for more from Berry’s presentation.
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NS3: Fannie Mae exec outlines economic status
Posted Date: Monday, September 21, 2020
At the 2020 National Settlement Services Summit (NS3), Fannie Mae Senior Vice President and Chief Economist Doug Duncan made a very informative presentation/
He shared with the virtual audience his thoughts on the current economic environment, including the effects of COVID-19, and his forecast for 2021.
Read on for more of Duncan’s conversation with the NS3 attendees.
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Black Knight makes another acquisition
Posted Date: Monday, September 21, 2020
There is another key industry purchase to announce.
A month after announcing an acquisition of Optimal Blue for nearly $2 billion, Black Knight, Inc. was back in the buying mode.
Read on to find out what the company’s recent purchase was.
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NS3-HUD deputy secretary outlines organization’s focus during the pandemic
Posted Date: Wednesday, September 23, 2020
At the National Settlement Services Summit (NS3), U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Brian Montgomery shared with a virtual audience his views on how things have been progressing for homeowners during the COVID-19 pandemic.
Montgomery also discussed how the Federal Housing Administration is assisting people with home loans during financial hardship, as well as the key role technology is playing during remote working environments.
Read on for more of what Montgomery told conference attendees.
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Appraisal Logistics update aids social distancing
Posted Date: Wednesday, September 23, 2020
Appraisal Logistics has created a new version of its Property Vision appraisal inspection tool that allows appraisers to work with consumers in real time to get a better view of properties they are appraising, according to a press release from the company. Read on to learn more.
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CoreLogic rejects second acquisition bid
Posted Date: Monday, September 21, 2020
CoreLogic confirmed that it had received a revised unsolicited proposal from Senator Investment Group LP and Cannae Holdings Inc. on Sept. 14 to acquire all outstanding common shares of CoreLogic for $66.00 per share in cash, a $1 increase per share from the original proposal.
But the very next day after receiving the revised figure, CoreLogic rejected the companies’ offer again.
Read on to learn the latest.
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NAR: Housing market in V-shaped recovery
Posted Date: Monday, September 21, 2020
Pending home sales in July achieved another month of positive contract activity, marking three consecutive months of growth, according to the National Association of Realtors (NAR). Each of the four major regions saw gains in both month-over-month and year-over-year pending home sales transactions.
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CoreLogic appoints new executive
Posted Date: Wednesday, September 23, 2020
CoreLogic named Mick Noland as executive, general manager of Insurance Solutions, the company announced. Read on to learn more.
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Lending company offers new loan offerings
Posted Date: Wednesday, September 23, 2020
CRE-Finance, the leading lender to real estate investors, recently surpassed last year’s volume despite the challenges COVID-19 has brought to the secondary marketplace. Read on to learn more.
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Federal agencies extend moratoriums through 2020
Posted Date: Wednesday, September 16, 2020
The federal housing agencies announced that they would extend moratoriums on foreclosures and evictions through at least the end of 2020.
Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) announced that all loans which are backed or guaranteed by their agencies would extend the moratoriums, which were scheduled to expire Aug. 31.
Read on to learn more.
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Digital platform adds underwriting, closing services
Posted Date: Monday, September 21, 2020
Digital mortgage platform Maxwell has added underwriting and closing services to the Maxwell Fulfillment Platform, enhancing the company’s comprehensive suite of technology and outsourced services for small and midsize lenders. Read on to learn more.
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Roostify platform makes conditional approval available
Posted Date: Monday, August 3, 2020
Roostify now provides the ability for a consumer or loan officer to request a conditional approval directly through the Roostify lending platform, the company announced in a press release. Read on to learn more.
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FHFA has new team member
Posted Date: Monday, October 5, 2020
The Federal Housing Finance Agency (FHFA) welcomed Debra Chew as director of the Office of Equal Opportunity and Fairness on Sept.28. Read on for more from the FHFA about this appointment.
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SitusAMC closes acquisition
Posted Date: Monday, October 5, 2020
SitusAMC Holdings Corp. acquired the third-party loan servicing and asset management platform of Cohen Financial, a division of Truist Financial Corp.. Read on to learn more about the acquisition.
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Commercial real estate firm announces more hires
Posted Date: Monday, September 28, 2020
Walker & Dunlop, Inc. and GeoPhy have added to their multifamily appraisal business, Apprise.
The company welcomes new team members to help further enhance the business.
Read on to find out who joins this commercial firm, and what their specific duties will be with the company.
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SitusAMC adds software to technology platform
Posted Date: Monday, September 28, 2020
SitusAMC Holdings Corp. acquired LogicEase Solutions Inc., the parent company of leading residential regulatory compliance technology provider ComplianceEase, the company announced in a release. Read on to learn more about this acquirement of technology.
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Accurate Group helping real estate lending grow
Posted Date: Monday, September 28, 2020
Accurate Group launched a bundled solution designed to help credit unions accelerate growth and improve efficiency in real estate lending, according to a company release. Read on to learn more.
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WEST introduces cybersecurity service
Posted Date: Wednesday, September 23, 2020
Williston Financial Group subsidiary WEST has launched a new cybersecurity service.
It is designed for for real estate agents, lenders, title agents and other settlement service providers, the company announced.
Read on to learn more.
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Appraisal firm introduces new staff member
Posted Date: Monday, September 21, 2020
North by Northwest Consulting, Inc., a North Carolina-based firm consisting of certified appraisers meeting commercial and eminent domain valuation requirement needs, has brought a new person to the team. Read on to learn more.
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CoreLogic reports serious delinquencies spike for June
Posted Date: Wednesday, September 16, 2020
CoreLogic released its monthly Loan Performance Insights Report for June 2020. On a national level, 7.1 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure).
This represents a 3.1 percentage point increase in the overall delinquency rate compared with June 2019, when it was 4 percent.
Read on to learn more.
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Ellie Mae: Millennial purchase market rises
Posted Date: Wednesday, September 16, 2020
Despite tight housing inventory across the country, millennial purchase activity continued to rise in July, according to the latest Ellie Mae Millennial Tracker. Read on for more of the numbers.
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NAR letter to FHFA addresses capital standards
Posted Date: Wednesday, September 16, 2020
The National Association of Realtors (NAR) sent a letter to the Federal Housing Finance Agency (FHFA), commenting on its proposed rule regarding capital standards at Fannie Mae and Freddie Mac. Read on for more contents from the NAR letter.
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Wells names new chief compliance officer
Posted Date: Wednesday, September 16, 2020
Wells Fargo announced changes to its Corporate Risk leadership, including the departure of Chief Compliance Officer Mike Roemer after a transition period. Read on to learn more of the company’s changes.
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Appraisers are supposed to be independent, right?
Posted Date: Monday, September 14, 2020
The independence of the appraiser remains a topic for discussion within the industry.
Valuation Review reached out again to Dustin Harris, “The Appraiser Coach,” who shared with us his thoughts on this topic.
Read on to find out Harris’ perspective on such independence.
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Index reveals accelerating market areas
Posted Date: Monday, September 14, 2020
Demographic and economic factors continue to ignite rising home prices.
That has contributed to the National Home Price Index reaching a new record high in June.
Read on to learn more numbers.
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Zillow business group announces integration
Posted Date: Monday, September 14, 2020
Mortech, a Zillow Group business providing technology solutions for mortgage professionals, announced a new technology integration with FreeRateUpdate.com, a mortgage rate marketplace that showcases available mortgage offers from industry-leading lenders. Read on to learn more.
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Walker & Dunlop business adds new members
Posted Date: Monday, September 14, 2020
Walker & Dunlop, Inc. and GeoPhy expanded their multifamily appraisal business, Apprise, with the addition of two new staff members. Read on to earn the identity of these individuals and learn what their roles will be within the company’s business.
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CoreLogic announces appointment
Posted Date: Monday, September 14, 2020
CoreLogic announced that Patrick (Pat) Dodd, a prominent growth-oriented leader in Big Data and analytics, has joined CoreLogic in the newly created position of chief operating and growth officer. Read on to learn more.
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