New Fannie Mae and Freddie Mac Guidelines on Market-Level Analyes: What Appraisers Need to Know The real estate appraisal industry is facing a significant shift with the latest updates to Fannie Mae and Freddie Mac’s selling and servicing guidelines. These changes, which went into effect earlier this month, aim to create greater consistency and standardization […]
MBA IMB Conference Recap: Cautious Optimism and a Focus on Efficiency Last week I attended the MBA’s Independent Mortgage Bankers Conference in Austin, where industry leaders gathered to discuss the state of the market, economic trends and strategic priorities of 2025. The overall sentiment of the event was cautiously optimistic about the industry’s trajectory going
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Drilling Down Into the Differences Between Attorney Opinion Letters and Title Insurance by Jerome Jelinek, Chairman Last year, the Biden Administration released a plan aimed at lowering housing costs that included a pilot to waive title insurance on certain refinances. The GSEs also announced that they are both now under limited circumstances accepting written Attorney
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Five Questions to Ask Your AMC Provider About Appraisal Bias Appraisal bias is a significant concern for lenders, borrowers and regulators. Ensuring that your Appraisal Management Company (AMC) has robust processes in place to prevent bias is critical. Here are five essential questions to guide your discussions with potential AMC providers, helping you understand how
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Key Trends in Property Valuation and Lending — 2024 Recap and 2025 Outlook As we close out 2024 and look ahead to 2025, we’re taking a look back at some of the trends and developments that impacted our industry and how they will inform mortgage lending and property valuation in 2025 and beyond. Based on
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Home Equity: A Lasting Asset in an Evolving Housing Market As we near the end of the year and approach 2025, the home equity landscape remains one of resilience. Despite the recent volatility in the housing market, rising interest rates, and a shifting economic landscape, homeowners continue to see significant equity in their homes. While
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A Deep Dive into the HousingWire 2024 IMB Summit Earlier this month, we attended the inaugural HousingWire IMB Summit in Dallas where nearly 300 mortgage banking executives gathered to discuss topics and initiatives that move the bottom line – M&A activity, margin compression, channel balance, new products and their tech stack. Here are some of
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Harnessing AI to Streamline Internal Processes and Boost Efficiency Artificial Intelligence (AI) is the hot topic across many industries, especially in mortgage and finance. While AI is certainly not a new technology, since the launch of OpenAI’s Chat GPT in November of 2022 it has become more mainstream and usable. Generative AI, specifically, the type
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Selecting the Right AVM Isn’t Hard if You Know the Rules of the Road The use of Automated Valuation Models (AVMs) has increased among lenders over the past few years as an efficient and cost-effective tool for home equity lending. According to the Mortgage Bankers Association (MBA), more than 75% of home equity loan and
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A Recap of the 2024 Valuation Expo Last month, our CEO Ashley Jelinek, attended the Valuation Expo Conference in Las Vegas along with more than 500 other appraisers, lenders, AMCs and valuation professionals. Recently we sat down with her to get her take on the event. Q: To start off, what was your overall impression
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