article thumbnail

Disaster recovery for mortgage servicers: Navigating crisis with compliance & resilience

Housing Wire

From wildfires to hurricanes, floods and earthquakes, each crisis tests a servicers ability to manage compliance, borrower support and investor expectations. Investor protection: Transparency and compliance during disaster recovery Servicers also must safeguard their investors interests by delivering timely, accurate reporting.

Mortgages 351
article thumbnail

Double whammy: Florida condo market grapples with rising insurance costs, milestone inspections

Housing Wire

What is happening with condos is that we have the condo safety act that was implemented, and the milestone inspections, and then the reserve fundings that are going to be required,“ Pithers added. Then those milestone inspections are forcing associations to do work that makes their complexes more attractive as an insured risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home inspection startup PunchListUSA raises $39 million in Series A

Housing Wire

Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . ’s largest home inspection services providers, to offer customers instant repair estimates. .

article thumbnail

Opinion: Investors play key role in providing affordable housing options

Housing Wire

Investors provide capital necessary for many families to fulfill their aspirations of living in a house whether renting or owning. Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. How can investors help with homeownership?

Investor 435
article thumbnail

Are borrower-assisted inspections here to stay?

Housing Wire

In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. When inspections are safe and feasible, appraisers are wearing personal protective equipment (PPE) such as masks, gloves and shoe coverings.

article thumbnail

Incenter Appraisal Management’s RemoteVal solution keeps appraisers in full control of the inspection

Housing Wire

Incenter Appraisal Management’s RemoteVal technology allows appraisers to cut out all physical travel and get more inspections done, in turn generating more orders per day that they can complete. The real difference with RemoteVal is that it keeps appraisers in full control of the appraisal inspection,” said Erik Pogwist, Chief Appraiser.

article thumbnail

How to Choose a Home Inspector: A Playbook for Investors

The Close

High-quality inspectors are detail-oriented and communicative, maintain the required licenses, and have experience inspecting buildings of your property type. The inspection covers key areas, such as the condition of the homes roof, walls, windows, doors, foundation, plumbing, electrical systems, heating and cooling systems, and insulation.