Your Daily Dose of Real Estate News
Technology and Evidence? NewTechnology you buy? Or technology you sell? EBV, Evidence Based Valuation© is applied technology. The modern – today – version comprises AI, Data Science, and micro-economic theory. There are two main types of artificial intelligence: Generative AI – Used for new content creation, creative pursuits, and personalized experiences. Analytic AI – Used for data-driven decision-making, […] The post Technology and Evidence? appeared first on George Dell, SRA, MAI, ASA, CRE.
Hedging, Data Mapping, BER Letter, PPE Tools;… NewNearly every lender is at least learning about AI, but on the flip side there are things like New York’s ban on data centers. Lenders and vendors are not the only ones riding the tech wave, and no LO wants to be behind their client in tech knowledge. Consumers are now researching affordability, neighborhoods, and monthly payments long before contacting a lender. So, the next competitive advantage in mortgage lending lies in engaging buyers earlier through real-time affordability tools, personalized insights, and integrated financing experiences that build trust before rate shopping begins. In today's purchase-driven market, where monthly payment matters…
Home Equity, Verification, Asset-Based Lending, MI Tools;… NewCertainly the cost gap between renting and owning is widening, and the press is filled with stories that our borrowers see, and MLOs should read, like, “Rent vs. Buy: Is Renting Cheaper Than Buying a Home?” or “Rent or buy? How long it takes for buying a home to pay off in each metro.” Today at 11AM PT on L1’s Mortgage Matters, Developer’s Mortgage COO Taylor Stork discusses lender challenges. Lenders are scrambling to target borrowers “at the top of the funnel, and today at noon PT the Credit Committee, presented by Equifax, David Hadaway, the CEO of Altair Data…
CRA, Call Report, Non-QM U/W Tools; ROAD… NewEver heard someone say something that was blatantly misleading? On July 16, at 2PM ET, you can race to buy one of Olive Garden’s 10,000 “Never Ending Pasta Passes.” But it does end, after 13 weeks. Yup, for $100 you can economically gain a lot of weight, since it’s in our DNA to do so. Speaking of DNA, do you really think that it is in the DNA of retail companies like Guild, American Pacific, Movement, CrossCountry, etc., to stop expanding? Nope, they’ll keep going, and if you want to know the mindset of a lender that doubled its purchase…
July 15: Home equity, verification, asset-based lending,… NewI was walking by a doctor’s office recently and overheard, “Sir, your wife doesn’t have Alzheimer’s just because she can’t remember what she ever saw in you.” Remembering things is important in our biz, and I am fond of saying, “We have 10-year memories in an industry with 15-year cycles.” Certainly the cost gap between...Read More “July 15: Home equity, verification, asset-based lending, MI tools; Housing demand shift; Fed balance sheet thoughts” »
What Capitalism RepresentsAll right folks, let’s talk a little bit about the large scale today. We are going to apply this to the appraisal business, of course, but I want to talk to you about the general concept, the idea, and the financial strategy of capitalism. I’m under no illusion that capitalism is perfect. It’s not. There are problems. In fact, the United States is not truly a capitalist country. We do not live the true philosophy and spirit of capitalism with the feds, inflation, printing money, taxation, rules, and regulations. But it still represents one of the most capitalistic frameworks out…
