Articles Tagged with ''Appraisals''

Class Appraisal promotes Jon Tallinger to chief growth officer

Tallinger named to newly created role
Class Appraisal announced on Monday that it promoted Jon Tallinger to serve as its chief growth officer. "In the newly created role, Jon will continue to drive growth with Class’s existing accounts but will also focus on new channels and new valuation product offerings that will allow Class to lead the charge in the changing valuation landscape," Class Appraisal President John Fraas said.
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An inside look at the battle over AVMs

What exactly makes a company’s valuation system a “trade secret”?
[Expert commentary] There's a serious battle being waged right now over automated valuation models. Some in the housing industry love AVMs, while others despise them. And AVMs only seem to be growing in popularity. But what happens if one company gets accused of stealing another company's AVM formula?
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Freddie Mac bringing appraisal-free mortgages to condos

Expanding beyond single-family housing
Freddie Mac is expanding its appraisal-free mortgage program to include condos, the government-sponsored enterprise announced this week. Up until now, the appraisal-free mortgages were only available for single-family houses, but now, Freddie is expanding its no-appraisal-required mortgages to include condos too.
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ATTOM Data Solutions launches new automated valuation model

New "lender-grade" AVM available for 80 million homes
ATTOM Data Solutions announced it has partnered with AVM Analytics to launch a new, lender-grade automated valuation model. ATTOMIZED AVM is available for 80 million U.S. homes, is targeting real estate investors, real estate portals, insurance providers, mortgage companies, appraisal management companies, and more.
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How data and technology innovation are transforming valuations

Technological paradigm shift underway is setting a new standard for valuations
[Expert commentary] Technology innovation is rapidly permeating every aspect of mortgage lending to streamline the loan manufacturing process and open the door to a better borrower experience. We are already seeing a measurable reduction in turn times with no degradation in quality, and more progress is expected. The desire to achieve more efficient and accurate valuations that will bring consumers to the closing table faster is no longer an aspiration, but a reality.  
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CoreLogic acquires a la mode

Claims it’s the next step to its end-to-end valuation solution
CoreLogic, a property information, analytics and data-enabled services provider, announced Thursday that it acquired a la mode technologies as part of the continued growth of its valuations division. But appraisers are wary of the change, asking, “what doesn’t CoreLogic own?”
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AMCs respond to FHFA report they bring little value to appraisals

Just as likely to make mistakes
When commissioning an appraisal, do AMCs provide a better valuation to mortgage lenders? The FHFA says no and AMCs are not happy: "Our review of the research has uncovered real concerns about the methodology, measures of quality, errors and the insertion of staff opinion that seems to indicate bias."
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Class Appraisal acquired by Narrow Gauge Capital

Valuations and appraisal management solutions provider acquired by private equity firm
Private equity firm Narrow Gauge Capital announced it has acquired Class Appraisal, a valuations and appraisal management solutions provider. “We have made great progress over the past several years and are excited to work with Narrow Gauge to enhance our market-leading position,” said Jon Tallinger, Class Appraisal's vice president of sales and marketing.
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LendingLife reader: “Only a handful of AMCs will remain in a few years”

Industry left scrambling for solutions?
Last week readers of LendingLife got a first look at the Veros, Valligent partnership promising to cut mortgage lending cost. In that article, it's written that a big part of that cost savings would be taking the legwork out of valuations. More importantly, the news set off some responses from LendingLife readers, not just on the partnership, but on the state of the valuations industry as a whole.
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