Items Tagged with 'AVMs'

ARTICLES

  • From HW Magazine

    The pitfalls of depending on automation in post-close valuations

    What happens when multiple valuations don't match?
    Accurate, trustworthy valuations require taking a deeper look. That’s why it’s important to have a valuation expert independently review every valuation report and determine whether it makes sense. The most trustworthy valuation providers have a team of highly trained reviewers on staff who diligently analyze every comparable on a valuation report and ask: “Will a potential buyer consider this property similar to the subject property?”
    Read More
  • LendingLife first look: Veros, Valligent partnership promises to cut costs for mortgage lenders

    More accurate AVMs will help lower HELOC origination costs
    As a supporter of LendingLife, Veros agreed to give us a first look at their latest partnership they say will lower costs for mortgage lenders, by taking some of the legwork out of valuations. Being officially announced later today, Veros is teaming up with Valligent, a known innovator in non-traditional appraisals. Here's their plan.
    Read More
  • Collateral Analytics sues Nationstar for allegedly stealing trade secrets

    Claims Nationstar stole property valuation programs and is now trying to sell them
    In a blockbuster lawsuit filed earlier this week in federal court, Collateral Analytics claims that Nationstar Mortgage stole the company’s proprietary property valuation technology, had a subsidiary replicate it, and is now trying to push Collateral Analytics aside to sell “knock-offs” of the company’s software to other market participants.
    Read More
  • Experts: Appraiser market needs more options

    Current choices: Hot dog or filet mignon
    Experts explained the difference between AVMs and full appraisals, and what the benefits are to each one. They explained lenders need more appraisal options to choose from, as their current options are like choosing from either a “hot dog, or a filet mignon.”
    Read More
  • From HW Magazine

    Appraisal disruption

    Is Fannie Mae right to think that Collateral Underwriter is the answer to appraisal quality?
    Typically, for a process and a product that depends largely on human effort, if you want a higher quality product, you have to pay more. The best doctors, chefs, mechanics and attorneys all make more than the market average. Nevertheless, lenders, AMCs and Fannie Mae all expect appraisal quality to increase even as appraiser fees decrease.
    Read More