Results 1 - 10 of 1041
Posted Date: Tuesday, August 19, 2014
As I go to conferences and meetings across the country, I am hearing the same thing over and over about how this industry is entering a perilous situation, that the appraiser population is aging and there are not any new appraisers to take their place. At the Association of Appraiser Regulatory Officials’ ARRO Spring 2014 Conference held earlier this year, there were discussions about how there are now some rural counties that currently have no appraiser coverage because the former appraiser retired and there was no one to replace them.
A few years ago, when the Home Valuation Code of Conduct (HVCC) was implemented, it was called the “perfect storm” for the industry. Appraisers lost trusted business relationships built over years and were replaced by AMCs that took half their fees and regulations that added more scrutiny to their already heavy workload. Getting “customary and reasonable” fees is still an issue for some appraisers.
Posted Date: Tuesday, August 19, 2014
The MISMO Residential Standards Governance Committee has announced the schedule for the next two releases of the MISMO Residential Data Standard. Updates to the Standard, which supports data exchange transactions and corporate data models across the residential mortgage lifecycle, are expected to be released for public comment in November 2014 and July 2015, respectively. Keep reading for the details.
Posted Date: Thursday, August 14, 2014
One of the leading providers of software solutions and services for the residential mortgage industry has announced that it signed a definitive agreement to acquire a leading information, education and compliance training provider in the mortgage industry for $30 million. Keep reading for the details.
Posted Date: Tuesday, August 12, 2014
Comergence, a provider of Web-based risk management solutions and background information for the mortgage industry, has announced a deal to provide its REALM for Appraisers services to the more than 175 certified appraisers that work for Metro-West Appraisal Company.
Posted Date: Thursday, August 07, 2014
Homefacts, a provider of neighborhood data and statistics and a wholly owned subsidiary of RealtyTrac, has announced the launch of a new mobile app for iPhone users. The new Homefacts app enables users to view detailed property and neighborhood information and statistics on more than 100 million homes in the United States. Continue reading for the details.
Posted Date: Monday, August 04, 2014
Accurate Group, a provider of real estate appraisal, title and compliance services, announced the launch of EquityRenew July 31. EquityRenew is designed to help banks accelerate processing of the approximately $167 billion in home equity lines of credit (HELOCs) that will reset over the next three years. The solution is expected to help banks protect profits from HELOC defaults, reduce internal costs and time spent on analysis, and ensure regulatory compliance. Continue reading to see how the software will be used to help appraise properties for the nation’s lenders.
Posted Date: Tuesday, July 29, 2014
Two top providers of online real estate analytics and data will be brought together under the same banner thanks to Zillow’s acquisition of rival Trulia that was announced July 28.
Zillow will reportedly issue approximately $3.5 billion in stock in the acquisition.
The deal, which has been approved by the boards of the two companies and is expected to close sometime in 2015, will see both the Trulia and Zillow brands remain intact.
The acquisition has significant implications, as both companies have a substantial following — Zillow reported 83 million unique visitors to its mobile app and website in June, whereas Trulia had 54 million such users in the same month.
Posted Date: Thursday, July 24, 2014
We’ve all heard about green housing and energy-efficient features becoming the norm over the next few years, but there is another housing trend on the horizon that could reshape the American home.
According to the 2014 State of the Smart Home Report from “smart home” software developer Icontrol Network, housing is on the verge of getting a sci-fi makeover.
The 2014 State of the Smart Home Report shows that there is a big push for housing features and appliances that can be controlled by the user remotely.
The report, which was generated from answers given by 932 respondents to a December 2013 survey and by another online survey in April of 1,000 respondents, depicts a buyer demographic hungry for both convenience and safety enabled by the push of a button.
Posted Date: Monday, July 21, 2014
Clearbox LLC, a provider of compliance and data-management solutions for the appraisal industry, announced the release of its ClearOne product July 15 designed to more thoroughly vet real estate appraisers. ClearOne is a report that allows lenders, appraisal management companies and regulators to order a credentials report on appraisal professionals. Keep reading for the details.
Posted Date: Thursday, July 17, 2014
USRES, a provider of management solutions for real estate assets, announced July 15 it has completed an enhancement to its proprietary Valuation Portal, powered by RES.NET. The enhancement is intended to ensure the timeliness of the transaction while also allowing borrowers to feel comfortable when ordering an appraisal. The enhancement is also intended to give USRES clients added operational controls and oversight. Keep reading to learn all about the changes to USRES’ Valuation Portal.