Challenging real estate market conditions and profitability pressures have lenders contemplating how to streamline operations and increase profit margins. Borrower concerns about high interest rates have dominated the news cycle. Waves of layoffs across industries has everyone on edge. The go-to model of reducing overhead while demanding more from employees is rarely successful in theRead more
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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
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
Leading valuation management technology platform provides lenders, AMCs and appraisers a complete toolset to support valuation modernizationRead 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
The pace of change in the real estate lending industry has accelerated dramatically and factors such as interest rates, industry regulations and audits are forces beyond a lenders’ control. Combine these with the daily pressures of retaining consumer business, accelerating loan cycle times, and improving profitability, many real estate lenders face sleepless nights. In thisRead more
Appraisal Management Platform Honored for Technology InnovationRead more
Research from Freddie Mac shows that between 2010-2019 rural purchases were up 3%, suburban area home purchases were up 2% and home purchases in urban areas were down 5%. The growing trend of consumers moving out of cities and into rural and suburban areas was accelerated by the COVID-19 pandemic as individuals and familiesRead more