According to Quicken Loans‘ latest National Home Price Perception Index (HPPI), home values continue to lag owners’ expectations: Appraised values were an average of 1.93% lower than what homeowners expected. The gap between estimated value and appraised value, on a [Read More]
Appraisal management company (AMC) Appraisal MC recently launched Priority Panels, an appraisal service that allows mortgage lenders in key metropolitan areas to get appraisals in as little as two to five business days. The service is designed to help mortgage [Read More]
CoreLogic is acquiring valuation technology and appraisal management platform provider Mercury Network. The global property data and analytics firm reports that it has acquired a 45% passive minority stake in Mercury Network from Mercury’s parent company, Serent Capital, and that [Read More]
Appraisers are concerned about the technology movement, including the use of big data and analytics, and how that might impact their careers in the future.
Mortgage Cadence, an Accenture company, recently purchased a licensed copy of FirstClose‘s proprietary software in order to facilitate a “lights-out” integration between the two companies’ platforms, thus enabling Mortgage Cadence to complete faster integrations with large national vendors. FirstClose is [Read More]
After falling out of favor with mortgage lenders following the recession, AVMs are now seeing increased use again, mainly because the technology has improved drastically.
Mortgage and settlement services industry veteran Matthew Lichtner has joined Accurate Group, a provider of real estate appraisal, title and compliance services, as senior vice president and national account manager. In addition, Richard L. Heltzel III will move from his [Read More]
Require Holdings recently acquired Service 1st Valuation and Settlement Services Inc., a provider of valuation risk management services, including desk reviews, valuation risk analysis, field reviews and market data. Terms of the deal were not divulged. Service 1st is now [Read More]
CoreLogic has introduced a new tool to help lenders and investors evaluate and understand the collateral value of their mortgage portfolios on a periodic basis. The new, self-service, on-demand, fixed-cost solution, dubbed Total Home Value for Portfolio Monitoring, leverages CoreLogic’s [Read More]
Valuations industry veterans David Wegmann and John Powell have joined United States Appraisals (USA) as business development managers. Wegmann, based in the Chicago area, has more than 20 years of experience in regional and national account sales, sales management, and [Read More]
Mortgage industry veteran Mark R. Johnson has joined LRES as chief strategy officer. Johnson has more than 20 years of executive experience working for various Fortune 500 companies within the mortgage industry. Prior to LRES, he served as division president [Read More]
Mercury Network, a provider of valuation technology to mortgage lenders and appraisal management companies (AMCs), has acquired Appraisal Scope Inc., a provider of valuation management software, for an undisclosed sum. Based in Baltimore, Appraisal Scope is a provider of valuation [Read More]
As part of its quality and compliance efforts, Pendo, a nationwide appraisal management company (AMC), has added an automated Uniform Standards of Professional Appraisal Practice (USPAP) Standard 3 compliance tool to its list of proprietary technology solutions. The company has [Read More]
Mortgage Connect, a national closing and title settlement service provider, and M&G Realty Enterprises, a real estate services investment company, both of which are owned by MCMG Holdings, have acquired Urban Lending Solutions Appraisals (ULSA), a nationwide appraisal management company. [Read More]
One of the most important metrics when it comes to real estate owned (REO) disposition is time. Every day it takes to move a property off the investor’s balance sheet and back into the market costs money. Mortgage technologists have [Read More]
Lisa Binkley has joined National Credit-reporting System Inc. (NCS), a full-service consumer reporting agency specializing in third-party verification solutions and credit intelligence, as senior vice president of business development. Binkley, a recognized industry expert in third-party verifications, quality control and [Read More]
AMCs are developing hybrid approaches to expedite the appraisal process.
Mortgage lenders using LendingQB‘s loan origination system (LOS) can now quickly and easily order Accurate Group‘s appraisal, title and compliance products from within the LendingQB platform, thanks to an integration announced by the two companies. The integration will facilitate fast, [Read More]
Home prices forecast to increase about 4.7% this year versus 7.2% in 2016.
U.S. home prices increased 1.1% in November compared with October and increased 7.1% compared with November 2015, according to CoreLogic’s home price index report, which includes distressed sales. Although home price appreciation is expected to slow in 2017, prices are, nonetheless, [Read More]