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Attorney outlines Illinois bill prohibiting appraisal discrimination
Posted Date: Wednesday, December 9, 2020
Attorney Peter Christensen, owner of Christensen Law Firm, addressed an Illinois bill (HB 5862) to amend the state’s appraiser and real estate licensing acts to address discrimination.
Valuation Review reached out to Christensen, who shared key points of his article, including, that complaints alleging unlawful discrimination are emerging in the courts and before regulators in relation to appraisals.
Read on to find out more of what Christensen shared with us.
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Chief appraiser discusses many options in a COVID market
Posted Date: Wednesday, December 16, 2020
Valuation Review sat down with CoreLogic Chief Appraiser Shawn Telford, who discussed the many things appraisers must take note of.
He also emphasized what appraisers should do when making key value decisions in a market greatly affected by COVID-19, in addition to the proper utilization of technology and data.
Read on for more of our conversation with Telford.
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ASC exec updates appraisers
Posted Date: Monday, December 14, 2020
Appraisal Subcommittee (ASC) Executive Director Jim Park gave an industry update to conference attendees at this year’s virtual Appraisal Summit.
Park attempted to clear up any confusion the profession may have regarding the workings of the appraisal regulatory system.
Read on for more updates appraisers should know about from the ASC.
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LoanFlight Lending is one of Tampa's fastest-growing companies
Posted Date: Monday, November 30, 2020
Tampa-based mortgage lender LoanFlight Lending has been named one of the region’s fastest-growing companies by the Tampa Bay Business Journal on its Fast 50 list, according to a company release. Read on to learn more.
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Fannie Mae exec discusses industry focus on diversity
Posted Date: Monday, December 14, 2020
At the 2020 Appraisal Summit virtual conference, Fannie Mae Director of Valuation Quality/SF Collateral Risk Rachel Beam-Jares shared her thoughts on the appraisal profession.
In particular, the important topics of diversity and bias, and what steps can be taken for improvement were addressed.
Read on for more of Beam-Jares’ insight, as well as what recruiting steps are being taken to draw more individuals toward a career in valuation.
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Reggora welcomes new team members
Posted Date: Wednesday, December 9, 2020
Reggora recently announced the addition of two new members to its leadership team, the company stated in a press release. Read on to find out who the new hires are.
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Commercial firm announces promotion
Posted Date: Wednesday, December 9, 2020
BBG announced Clayton Belger will assume the role of director in the firm’s Jacksonville office, according to a release from BBG.
Belger’s elevation to his new role will leverage his leadership and client-centric work ethic, further expanding BBG’s exposure in central and north Florida and South Georgia, the company said.
Read on to learn more.
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Report: Safest cities in America released
Posted Date: Monday, December 14, 2020
As the COVID-19 coronavirus remains a major concern for all Americans, many homeowners ponder the question of just where can we live? Where can we feel safe if that’s even possible? The personal-finance website WalletHub may have helped answer those questions by releasing its report on 2020’s Safest Cities in America. Read on to learn more.
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Walker & Dunlop commend FHFA's affordable housing focus
Posted Date: Monday, December 7, 2020
Walker and Dunlop, Inc., one of the largest providers of capital to the multifamily industry and the largest Fannie Mae DUS lender in 2019, commented on the Federal Housing Finance Agency's recent announcement of the 2021 multifamily lending caps for Fannie Mae and Freddie Mac. Read on to learn more.
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Mortgage rates drop to a record low
Posted Date: Wednesday, December 9, 2020
Freddie Mac released the results of its Primary Mortgage Market Survey. Read on to find out the results.
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Home prices continue upward momentum
Posted Date: Monday, December 14, 2020
Home prices increased 7.3 percent during October on a year-over-year basis, according to CoreLogic’s latest Home Price Index (HPI).
CoreLogic executives weighed in with their perspectives on the latest from the company's HPPI.
Read on for more numbers from this report that reflects momentous figures.
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SoCal VA homes say new loan limit falls short
Posted Date: Monday, December 14, 2020
Veterans trying to buy homes using their VA loan recently received a small boost from the Federal Housing Finance Agency (FHFA), but it wasn't near enough, according to a release from SoCal VA Homes. In late November each year, the FHFA sets the new conforming loan limit for the coming year. Read on to learn more.
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Zillow Group offering lenders more market opportunities
Posted Date: Monday, November 23, 2020
Mortech, a Zillow Group business which provides technology solutions for mortgage professionals, continues to onboard additional mortgage marketplace partners including Mortgage Research Center and Roofstock, according to a press release. Read on to learn more.
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Iron Solutions launches technology to assist in valuating equipment
Posted Date: Monday, December 14, 2020
Iron Solutions, Inc. has launched a mobile application for its IronGuides system that extends its equipment valuation tools to convenient field and other locations to better serve its agriculture and outdoor power equipment dealers. Read on to learn more.
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ValueScape platform reaches milestone
Posted Date: Wednesday, December 16, 2020
ValueScape recently revealed that its Artificial Intelligence Data Augmentation Algorithm (AIDA) has exceeded its 2020 milestone of auditing four million interior and exterior property images contained in reports used for collateral risk assessment, the company announced in a release. Read on to learn more.
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LoanMonkey, Valligent Technologies partner
Posted Date: Wednesday, January 6, 2021
LoanMonkey and Valligent Technologies have partnered to provide the Valligent Virtual Appraisal to LoanMonkey’s borrower clients. Read on to learn more.
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Company launches program for first time California homeowners
Posted Date: Wednesday, January 6, 2021
My-Down Payment Assistance, a top provider of down payment assistance programs based in Sacramento, Calif., announced its new first-time home buyers’ programs that will be offered in 2021. Read on to learn more.
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FHFA issues RFI on appraisal policies
Posted Date: Monday, January 4, 2021
The Federal Housing Finance Agency (FHFA) recently issued a request for input on appraisal-related policies, practices, and processes, the FHFA announced in a release. Read on to find out more about these requested practices.
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Apprise expands multifamily valuation business
Posted Date: Monday, January 4, 2021
Walker and Dunlop, Inc. and GeoPhy announced that their multifamily appraisal business, Apprise, has hired senior directors to bolster the company’s overall efforts. Read on to find out the identity of these two hires.
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IAAO executive director named
Posted Date: Monday, January 4, 2021
Debra McGuire has been selected as the new executive director of the International Association of Assessing Officers (IAAO). McGuire joined the IAAO on Jan. 4. Read on to learn more.
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Study: Homeowners satisfied with current appraisal process
Posted Date: Monday, December 28, 2020
More than one-third of consumers who recently bought, sold or refinanced homes expressed a willingness to use self-serve technology in the home inspection process.
Most of the consumers polled said they believed it would be faster, according to a national consumer survey commissioned by ServiceLink.
Read on for more from the survey.
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CoreLogic analyses September mortgage performance
Posted Date: Monday, December 28, 2020
The latest CoreLogic Loan Performance Insights report analyses mortgage performance through September 2020.
CoreLogic said homeowners are seeing a “double reduction” in risk.
Read on to learn more.
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Evolve Mortgage Services acquires appraisal tech platform
Posted Date: Monday, December 28, 2020
Evolve Mortgage Services has acquired the appraisal platform assets of Veptas Technology Solutions Inc., the company announced. Evolve said the acquisition will help it offset the severe shortage of mortgage underwriters that has been created by the current refinance cycle. Read on to learn more.
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Appraisal industry seeking gifts under the holiday tree
Posted Date: Monday, December 21, 2020
Valuation Review wanted to hear what an appraiser or an appraisal organization may hope to find in its holiday stocking this year.
We reached out to several people who shared with us the best presents to receive this year.
Read on to find out who is requesting what from Santa Claus.
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Commercial firm announces key collaboration
Posted Date: Monday, December 21, 2020
In anticipation of growing needs related to distressed commercial properties impacted by COVID-19, Valbridge Property Advisors announced a new collaboration.
The company will join forced with NAI Global, a global commercial real estate brokerage firm that completes more than $20 billion in commercial real estate transactions yearly.
Read on to learn more.
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Survey: Majority of borrowers prefer face-to-face experiences
Posted Date: Monday, December 21, 2020
According to a recent national survey commissioned by Solidifi, three out of five borrowers want a more digital experience, yet a very high percentage of borrowers suggest a more personal exchange is desired. Read on to learn more.
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Lender company expands
Posted Date: Monday, December 21, 2020
Nations Lending added a new branch in Western Pennsylvania. The company’s new branch in Cranberry Township will be led by industry veteran Anthony Gennuso and opens the Pittsburgh market for the company. Read on to learn more.
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HVMG enhances lender real estate owned management, receivership activity
Posted Date: Monday, December 21, 2020
Hospitality Ventures Management Group, an Atlanta-based, private hotel investment, ownership and management company, ramped up its Real Estate Owned (REO) management and receivership activity with the addition of two foreclosed IHG franchised hotels in Killeen, Texas, the company announced in a release. Read on to learn more.
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AQB relief also on the mind of the ASC
Posted Date: Wednesday, December 16, 2020
The Appraisal Subcommittee (ASC) brings more awareness to the need for assistance within the profession.
The ASC demonstrated as much with recent help and guidance to the Appraiser Qualifications Board.
Read on for more and hear additional updates from the ASC’s Jim Park.
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LRES welcomes valuations director
Posted Date: Wednesday, December 16, 2020
There is another key appraisal company addition.
The LRES Corp., which in addition to real estate appraisal services handles commercial trustee matters, has welcomed a new team member.
Read on to find out who will be joining LRES.
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Credit union taps SharperLending tech tool
Posted Date: Wednesday, December 16, 2020
Mortgage technology provider SharperLending said the El Paso Area Teacher’s Federal Credit Union has selected its Appraisal Firewall Verisite mobile property inspection solution as the primary platform for gathering collateral valuation data for its construction, Texas equity lending, and home improvement loan programs, the company announced in a release. Read on to learn more.
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Colorado mortgage lender announces ownership change
Posted Date: Wednesday, December 16, 2020
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced a change in ownership and a reorganization of its corporate structure to better support the company’s continued growth, the company said in a release. Read on to learn more.
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