Have you heard? Traditional home appraisals are no longer the industry standard. The appraisal process has been long overdue for modernization, and appraisal management technology is quickly becoming the go-to strategy for lenders, servicers and loan originators looking to speed up loan cycle times without sacrificing quality or accuracy. It was only a matter ofRead more
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Mortgage lenders and servicers need better, more accurate reporting, and the appraisal management function is long overdue for improvement. Keeping an eye on appraisal status, appraiser turn times and revisions rates is helpful, but retroactive reporting can only take you so far. To really transform appraisal management, lenders and servicers are tapping intoRead more
Inflation, high interest rates, declining home sales and global economic uncertainty continue to be top-of-mind for real estate lenders and consumers in 2023. The past few years have been full of unexpected challenges for real estate lenders so now is the perfect time to reflect, reprioritize and set business resolutions for the rest of theRead more
The housing industry is always evolving and the appraisal industry is no exception! That’s why it’s imperative to understand not only to the latest policy shifts but also the latest updates in modernization as key stakeholders in the process continue to look for ways to streamline the process while still mitigating any risks involved. Read more
Real estate appraisal modernization is finally becoming a priority for lenders. Home valuations are one of the most critical elements, yet the appraisal process has lagged behind the other aspects of the mortgage industry in terms of modernization and digital innovation. Most likely this is due to it being a “back office” process andRead more
And how to execute an innovative appraisal management strategy.Read more
Appraisal Management Platform Honored for Technology InnovationRead more
The real estate appraisal industry in 2021 can best be described as dynamic. Keeping up with the pace of change and responding to rising housing costs, a shrinking housing market and everchanging health and safety mandates kept lenders on their toes. It often felt as one challenge was resolved, three more surfaced. As we pauseRead more