The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

People MoversReal EstateAppraisals & Valuations

Class Valuation snatches up another AMC

Acquires Texas-based appraisal management company Janus Valuation & Compliance

Class Valuation, a real estate collateral valuation and appraisal management company, has acquired Janus Valuation & Compliance.

The deal is the second AMC acquisition the Michigan-based 2019 Tech100 winner has made in the last six months and one of several big steps the company has taken since it was acquired by Narrow Gauge Capital in March 2018.

In December, Class announced its acquisition of reverse mortgage-focused AMC Landmark Network in a bid to grow its niche offerings.

Now, it has snatched up Janus, an 11-year old Texas-based AMC that focuses on retail, credit union and correspondent lenders in Texas and in surrounding markets.

Class said Janus’ founder, John Passero, will join Class as regional COO, focusing on partnerships with appraisers and institutions in the Southwest and Rocky Mountain regions.

This latest acquisition is just one of a number of major moves the company has made as of late.

In December, it changed its name from Class Appraisal to Class Valuation, which it said better described an expanded focus that includes “new and disruptive” collateral valuation products.

Then a week later, it named former Accenture executive and Mortgage Cadence Co-founder Michael Detwiler to the role of CEO to help spearhead the company’s new mission to enhance its services through cutting-edge tech solutions.

And last month, the company made strides toward this goal, announcing its investment in a tech company called InsideMaps to bring digital imaging and 3D mapping to the home appraisal process.

And it appears more expansion is on the horizon. Class said it plans to pursue other acquisitions as part of its growth strategy to expand its geographic reach and technical capabilities.

“On a national level, Class Valuation has always been committed to providing the highest levels of customer service. Janus has done the same on a regional level. With the mortgage and valuation industry seeing major changes, we must align with companies that share our same core values,” Detwiler said.

“Through this partnership, we will continue to provide top service while building sustainable technology solutions for thoughtful change,” he continued. “We are stronger together, and Janus is the right partner to cultivate our philosophy in the markets they serve.”

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So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

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