Hybrid valuation solution can be deployed according to a lender's risk evaluation

Hybrid valuation solution can be deployed according to a lender's risk evaluation

In today’s ever-changing lending environment, rising origination costs and regulatory burdens are prompting lenders to look for reliable solutions that leverage convenience and speed at an affordable price — especially in the valuation space. With the expertise from of over 35 years in the business, Valuation Partners recognized the market’s need for a hybrid valuation solution and developed its Property Rx to meet that need....

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Where the Real Estate Market is Headed in 2019: A Primer

Where the Real Estate Market is Headed in 2019: A Primer

2019 is going to be an interesting year for home buyers. High-dollar regions like the Bay Area, NYC, and other financial hubs show signs of slowing down. In less dense/regulated markets home builders are adding more inventory which should stabilize or lower prices in smaller markets. Lenders are under pressure from shareholders to reduce barriers to entry for home buyers, which will also have a positive effect on the ability for consumers to obtain home purchasing/refinancing credit. This credit easing is largely due to the fact that many experts are predicting double-digit declines in the larger housing market....

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How Valuations Can Improve Repeat Business

How Valuations Can Improve Repeat Business

By all accounts, the housing market is shifting into a different gear in 2019. The nation's economy remains strong, unemployment is at a record low and wages are increasing. Nonetheless, mortgage origination volume is shrinking, so lenders will need to fight harder for a smaller piece of the pie. This past fall, Fannie Mae's Mortgage Lender Sentiment Survey found that lenders reported a net negative profit margin outlook for the eighth consecutive quarter. Competition among lenders was cited as their biggest challenge. In a tight market, an obvious strategy is to find a way to generate more repeat business, whether that’s for home equity products, refinances, or purchase loans. One of the best ways to accomplish this is to partner with appraisal providers that are just as dedicated to providing an excellent customer experience as you are. Because they usually have limited contact with appraisers, consumers often feel detached from the appraisal process. This is not a problem when appraisals go smoothly, but very annoying to the consumer when they don’t....

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