Items Tagged with 'Valuation'

ARTICLES

  • 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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  • Should borrowers be charged AMC fees and appraiser fees separately?

    There are two sides to mortgage lending valuations at play here
    The appraisers I speak to paint the AMCs as part of some large conspiracy to nickel-and-dime their way to big profits. The AMCs I speak to believe they are vital to maintaining the arms-length regulatory requirements set forth by Dodd-Frank. Are the AMCs hiding something? Maybe, maybe not. But, there is certainly something missing.
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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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  • 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?”
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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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  • 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.
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