Federal Agencies: Lenders Must Implement QC Standards for AVMs
Mortgage lenders and secondary market issuers must implement quality control standards for the automated valuation models (AVMs) they use in valuing homes, as per...
Agencies Finalize Rule Allowing Consumers to Contest Real Estate Appraisals
Five federal regulatory agencies including the Consumer Financial Protection Bureau have finalized a rule that allows home buyers to request a reassessment of an...
U.S. Home Appraisals Were Higher Than Sale Prices 51 Percent of the Time in...
U.S. home appraisals were higher than sale prices 51% of the time in the first half of 2024 - and the gap between appraisals...
FHFA, CFPB Update Loan Level Data For Public Use
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
Connexions Enhances its Appraisal Management Software to Support AMCs
Appraisal management software provider Connexions has introduced tailored payment processing and accounting solutions to streamline invoicing and financial operations.
This includes managing appraiser W9s and...
Candescent Taps Adam Johnston as SVP
Adam Johnston has joined Candescent Capital Ventures, a private equity firm specializing in investments in the prop-tech space, as senior vice president, chief program...
HUD, GSEs to Allow Consumers to Seek Reconsideration of Appraisals
The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac...
CubiCasa Launches New Features for its Property Data Mapping
CubiCasa, which offers interior property data mapping through smartphone scanning, has launched new features that extend the company’s products beyond floor plans.
From the same...
Xactus Names Danielle Walker SVP, Business Development
Danielle Walker has been promoted to senior vice president, business development, at Xactus.
Previously she served as vice president, product development. She also previously served...
Corporate Settlement Solutions Appoints Ashley Jelinek CEO
Ashley Jelinek is the new CEO of Corporate Settlement Solutions (CSS), a regional provider of residential and commercial real estate settlement solutions.
With the new...
The National Average Property Tax Rate Increased Nearly 7 Percent in 2023
Roughly $363.3 billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% from $339.8 billion in 2022, according to ATTOM.
The...
Veros: Low Inventory Will Continue to Boost Home Prices Through 2024
U.S. home prices are forecast to increase 2.9% over the next 12 months, according to Veros Real Estate Solutions' quarterly VeroFORECAST report.
This is an...
Clear Capital Updates Universal Data Collection Product to Align with UPD
Clear Capital has updated its proprietary data collection product Universal Data Collection (UDC) to deliver the Uniform Property Dataset (UPD), Fannie Mae and Freddie...
Realcomp Provides Free Floor Plan Scans Through Alliance with CubiCasa
Realcomp, a multiple listing service (MLS) in Michigan, is now offering CubiCasa free to subscribers through an alliance with the technology provider.
CubiCasa’s mobile app...
Connexions Payment Processing Helps Lenders Streamline Valuations
Appraisal management software provider Connexions has introduced payment processing, streamlining appraisal management.
Payment processing is a critical aspect of operations and involves navigating a variety...
Valligent Introduces ValPROTECT Warranty
Due to increasing market interest in alternative and enhanced property valuation solutions, Valligent, a Veros Software company, has introduced ValPROTECT Warranty, a solution that...
Steve Wiese: Lenders Must Focus on Mitigating Bias in the Appraisal Process
PERSON OF THE WEEK: For years it has been widely acknowledged in the appraisal industry that fostering greater diversity in all facets of the...
Accurate Group Acquires Voxtur Appraisal Services
Accurate Group, a provider of real estate appraisal, title data, analytics, and e-closing solutions, has acquired Voxtur Appraisal Services, an appraisal management company (AMC)...
Fannie Mae: Home Price Growth Slowed in the Third Quarter
Single-family home prices increased 5.3% from the third quarter of 2022 to the third quarter of 2023, up from the previous quarter's revised annual...