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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

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Why appraisal modernization alone is not enough

Housing Wire

Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. Lenders accelerated technology adoption, and regulations were loosened to give lenders more flexibility in using desktop and hybrid appraisals at a time when safety and social distancing were top priorities.

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Mortgage lenders need to lean in to consumer expectations

Housing Wire

Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers. From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Technology as the new table stakes.

Mortgages 448
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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

Property data collection consists of a complete interior and exterior inspection of the subject property. While all data collectors are held to similar minimum requirements, some may be equipped with enhanced technology to capture data. What is property data collection? A trained and vetted third party can perform the data collection.

Loans 418
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Building the next generation of tech: Three ways to digitize home lending

Housing Wire

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions.

Lending 369
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Clear Capital’s loan servicing solution helps servicers evaluate and mitigate risk

Housing Wire

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

Loans 313
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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

Technology will be the most popular solution, but choosing to implement multi-million-dollar platforms to streamline operations introduces even more complexity before savings are realized. The industry’s workforce is made up primarily of professionals who are now in the later stages of their careers.

Lending 381