What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Politics & Money

Appraisal Institute names Rodman Schley president

Schley's appointment comes amid a time of great uncertainty for the profession

Rodman Schley was selected to become the next president of the Appraisal Institute (AI) beginning Jan. 1, succeeding appraiser Jefferson Sherman, according to the trade organization.

Schley, a senior managing director at BBG in Colorado, served as vice president of the trade group in 2019. He has served on the Appraisal Institute’s board of directors, the strategic planning committee, the governance structure project team and the national nominating committee. He has also served as president of the group’s Colorado chapter.

Schley will lead the national nominating committee in 2022 as well, the company said. In 2002, he founded Commercial Valuation Consultants, Inc., which was acquired by BBG.

Appraisal Institute’s other elected officials for 2021 are President-elect pledger Jody Bishop, Vice President Craig Steinley, and Immediate Past President Jefferson Sherman.

WFG reports its highest volume months ever during Q2 and Q3 of 2020

As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry.

Presented by: WFG

Bishop serves nationally on the AI’s board of directors and was previously on the audit committee. Steinley also serves on the board of directors as a regional vice chair, and Sherman has served on the finance committee, nominating committee, education committee, international relations committee and strategic planning committee.

It’s a particularly uncertain time for appraisers, who have traditionally physically walked through homes to make their assessments, and are often leery of automation.

Due to the effects of COVID-19, mortgage giants Fannie Mae and Freddie Mac have significantly relaxed appraisal standards. The Federal Housing Finance Agency earlier this year directed the GSEs to begin using both drive-by appraisals and desktop appraisals in certain circumstances to avoid logjams in the mortgage process.

Last week, the FHFA announced a potential move toward hybrid appraisals that allow for a third-party – typically an appraiser trainee, home inspector or real estate agent – to collect the data for a lender and certified appraiser once past the automated underwriting system.

Though appraisers are accustomed to the highs and lows of the mortgage industry, some have struggled with record demands in 2020 and the constraints of coronavirus. Many of the nation’s top lenders have granted appraisal waivers to more than 50% of their borrowers seeking to refinance their mortgages.

Leave a comment

Most Popular Articles

Do higher mortgage rates mark the end of the refi wave?

As mortgage rates rose over the last week, refi activity fell. But millions of borrowers are still eligible if lenders can get them through the pipeline.

Feb 23, 2021 By

Latest Articles

Finicity launches verification service approved by GSEs

Finicity, an open-banking solutions provider that was acquired by Mastercard in October, announced that it is dipping further into the mortgage space.

Feb 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please