In recent years, concerns about appraisal biases and inaccuracies have gained significant attention, prompting regulatory bodies to implement new policies to ensure more accurate and fair property valuations. The FHA and GSEs have responded by introducing a unified Reconsideration of Value (ROV) Policy designed to address the challenges of accurate and fair property valuations and...
Read more
Revolutionizing Real Estate: How Digital Appraisal Technology is Transforming the Industry
June 13, 2024
The real estate and mortgage industries are experiencing a transformation in how property appraisals are conducted and it’s not just a trend but a necessary evolution driven by the need for speed, accuracy, and transparency.
The Rise of Digital Mortgage and Appraisal Management Technology
In today’s fast-paced world, waiting days or even weeks for a traditional... Read moreKey Themes from CBA LIVE
June 1, 2023
We spent three amazing days at this year’s CBA LIVE in Las Vegas discussing "What's NEXT" in challenges, trends and innovations impacting home equity lending.
Two of the most complex issues examined during the conference facing home equity lenders today are appraisal bias and fraud protection.
Helping to Mitigate Appraisal Bias
Concerns of how to appropriately combat appraisal... Read moreReal Estate Lenders Playbook: Digital Mortgage Edition
Higher mortgage rates, record levels of home price appreciation, constrained housing inventories and economic inflation have lenders and borrowers on edge this year. Fannie Mae recently found consensus opinion among mortgage executives that both purchase origination and refinance activity will decline. In addition, Fannie Mae’s December 2022 report offered insights into the mortgage...
Read more