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The Difference between a Property Appraisal and an Automated Valuation

Often times, when brokers and agents think about automated valuation, some think, “Why do I need that? My deals are either insured and if they’re not we look to a property appraisal to validate value.” This is issue number 1 – an automated valuation is not an appraisal. Automated valuations are a tool that lenders and insurers have started using Continue Reading

HPI Monthly Report: Home Prices Up 0.8% In May

In May the Teranet–National Bank National Composite House Price Index™ was up 0.8% from the previous month. This increase, though substantial in itself, was the fifth smallest for May in the 16 years covered by the index. The countrywide composite index rose to an all-time high, but only three of the 11 metropolitan markets surveyed did the same. Prices were Continue Reading

CAAMP Mortgage Journal – Digital Version

Have you checked the new online CAAMP Mortgage Journal? If you are still getting the paper version through the mail, you should take a peek at the digital version. This makes it more accessible when you are on the go and is consistent with the direction technology is moving in (putting more content online). This month’s issue included the months Continue Reading