Home Equity

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

Key Takeaways New Analysis Shows the Use of AVMs has Significantly Increased Among Home Equity Lenders Given record home equity that American homeowners have amassed due to historically high home price increases since the pandemic, there is a growing expectation that home equity lending will increase over the coming years. According to industry estimates, homeowners

Key Takeaways Our Analysis of 18K Home Equity Loans Across 20 Lenders We examined the home equity valuation products used for 18,000 loans originated by 20 of our lenders. We analyzed the data to compare their use of AVMs, hybrid valuations, drive-by appraisals, and full appraisals. Our team spent dozens of hours reviewing the data

610 Social Media Lender Votes: Mortgage Lending Trends from Industry Peers At CSS, we recognize the value of understanding the current landscape in the mortgage lending sector.Thanks to Austin Owens, our Senior National Account Representative, we’ve been able to gather valuable insights directly from lenders through LinkedIn polls. These polls may not be comprehensive surveys,

AVM Compliance for Home Equity Lenders Regulatory Background AVM Selection AVM Testing for Accuracy AVM Testing for Bias Summary In recent years, lenders have increased their use of AVMs in the home equity loan origination process. This makes sense as AVMs are a fast, cost-effective way to value a property. However, regulatory scrutiny of AVMs

CSS Talks With Seacoast Bank CSS provides Home Equity Valuation and Appraisal Management Services to Seacoast’s Consumer Lending division In this testimonial, we learn how the eVolv product helps Seacoast What is the eVolv Evaluation product? Non-appraiservalued product Interagencycompliant Comparable to a2055 appraisal 2-4 day turn time What benefits do you think the eVolv evaluation

Improve Home Equity Appraisal Turn Times and Reduce Appraisal Costs The Benefits of Home Equity Evaluation Products The lending industry continues to be challenged by significant appraisal delays caused by an imbalance in appraiser supply and demand. To address these challenges, CSS is offering a new evaluation product that is ideal for home equity lenders.

Here’s how CSS saved one of its lender customers $500k / year on valuation costs As a home equity lender, you are constantly challenged with how to reduce loan origination costs while continuing to underwrite high quality loans. CSS recently addressed this challenge with one of our home equity lender customers by undertaking a comprehensive