How Freddie Mac is addressing affordable housing challenges

Freddie Mac created its Housing Solutions team in 2020 to reduce barriers to homeownership and provide solutions to some of the nation’s toughest housing challenges.

What is the next step for NAR?

In this Q&A, Senior Real Estate Reporter Matthew Blake gives us the inside scoop on what happened at NAR’s annual conference, including the latest on the DOJ investigation.

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

What’s next for the maligned real estate appraiser?

In this episode of Houses in Motion, a series that is part of the HousingWire Daily podcast lineup, St. Petersburg, Florida-based appraiser Francois “Frank” Gregoire discusses issues in the appraisal industry.

Awards

2020 HW Tech100 Mortgage winner: Valligent Technologies

Solves sluggish appraisal turnaround times and the backlog

Valligent Technologies’ Valligent Residential Appraisal Report solves sluggish appraisal turnaround times and the backlog caused by the appraiser shortage. Appraisals traditionally take between five and 10 days. And with the average age of an appraiser at 55, the appraiser population is dwindling. Fewer appraisers equate to longer turn times and higher prices going forward. Even with administrative and scheduling lag times, the VRAR consistently delivers an order-to-delivery time that is one-quarter to one-half the time of traditional appraisals. Fewer appraisers are needed to complete the same volume of work, and the work is tech-forward and analytical, which will help attract younger, qualified individuals to the field.

  • Full interior inspection appraisal that can be completed in one hour, rather than the typical 5-10 days
  • Currently in testing phase with one of the GSEs and one of the country’s top 5 lenders
  • The end users have experienced a 60% to 70% decrease in appraisal turn times

https://www.valligent.com

Most Popular Articles

Will Omicron variant stop first Fed rate hike?

What does news about the spread of the new Omicron variant mean for mortgage rates? Lead Analyst Logan Mohtashami lays out what to watch.

Nov 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please