Items Tagged with 'Valuation'

ARTICLES

  • Appraisal tech startup Reggora raises $3 million in seed funding

    Claims it can “streamline the appraisal process”
    Reggora, a Boston-based startup that claims its software can “streamline the appraisal process,” now has $3 million in its coffers to help grow it business. According to the company, its software “condenses and streamlines appraisals by automating traditionally manual processes such as finding appraisers, scheduling appraisal inspections and reviewing the final appraisal product.”
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  • CoreLogic shifts focus to appraisals, moves away from loan origination software

    Moves to accelerate appraisal management company “transformation”
    In the last few years, CoreLogic has significantly grown its valuations business through a series of acquisitions, including a la mode, Mercury Network, LandSafe Appraisal Services, FNC, and RELS. And now, the company is sharpening its focus on appraisals and moving away from other “non-core” parts of the company.
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  • Radian grows valuations business by acquiring Independent Settlement Services

    Independent Settlement Services will eventually be rebranded
    Radian Group is growing its valuations business, as the company announced Wednesday that it acquired Independent Settlement Services, a national appraisal and title management services company. According to Radian, the acquisition is “consistent with Radian’s growth and diversification strategy,” and the company’s focus on the product offerings of its title, mortgage and real estate services businesses.
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  • Appraisers accuse federal regulators of recreating housing crisis conditions

    Appraisal Institute blasts proposal to eliminate appraisal requirement on certain home sales
    As one might expect, appraisers are none too pleased about the FDIC, the OCC, and the Federal Reserve proposing to eliminate the appraisal requirement on certain home sales of $400,000 and below. According to Appraisal Institute President James Murrett, the newly proposed rules would add significantly more danger to the lending environment and harken back to the way things were just before the financial crisis.
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  • Regulators propose ending appraisal requirement on some home sales of $400,000 and below

    FDIC, OCC, Fed propose raising appraisal threshold for first time since 1994
    The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Reserve released a proposal Tuesday that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal.
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  • Pro Teck Valuation Services acquires Direct Valuation Services

    Pro Teck to leverage synergies with DVS to expand offerings and client base
    The trend of consolidation among appraisal management companies is about to continue, as Pro Teck Valuation Services announced this week that it bought cloud-based valuation fulfillment platform and appraisal management company Direct Valuation Solutions.
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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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  • Efficient collateral valuation: Keys to lending success

    Here are three keys to success
    While 2018 will be a tougher year for lenders, originators can still generate solid revenue and profit for their institutions with effective marketing and loan fulfillment programs. Better than that, by focusing their efforts on the right products, they will also have the opportunity to build stronger relationships with existing bank customers and credit union members, positioning themselves for additional business when volume increases in the future. Here are the three keys to succeed in this business.
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  • LRES announces industry veteran as new company president

    Prepares to enter next phase of growth
    LRES, a residential and commercial real estate services company, announced Monday that Mark Johnson, who joined the company last year, has been named company president. The company explained Johnson’s passion to improve the valuation industry will allow it to enter into the next phase of its growth.
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