Automated Valuation Model Offers Property Data For Industry Professionals
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Automated Valuation Model Offers Property Data For Industry Professionals

ByTMN Editor Reading Time: 3 minutes

By KIMBERLEY HAAS A new automated valuation model that recently hit the market uses a national property database, geospatial comparable data, and artificial intelligence to help users evaluate properties. Altisource, founded in 2009, is a provider of services and technology for the mortgage and real estate marketplaces. Their NestRange AVM helps with valuations for originations…

Mortgage Lenders Lost Money On Each Loan Originated In Q2 2022

Mortgage Lenders Lost Money On Each Loan Originated In Q2 2022

ByTMN Editor Reading Time: 2 minutes

Mortgage Lenders lost money on every loan originated for the first time since 2018 in Q2, according to the Mortgage Bankers Association’s (MBA) Quarterly Mortgage Bankers Performance Report. Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $82 on each loan they originated in the second quarter of 2022, down from…

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