New Tech Helps Lenders Weed Out Fraudulent And Manipulated Photos Provided By Third Parties

ClearValue Consulting, a provider of enterprise-class vendor management technology for the mortgage industry, has launched Property VeriPix, a photographic validation and chain of custody technology that verifies the location, date and time of subject property photos provided by third parties.

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Agile Delivery Center Of Excellence Cranks Out Innovation

Given more than 60% of software delivery projects either fail or fall short, it is prudent to design and follow a delivery blueprint to increase probability of success. Once  business analysts and software developers document clear detailed functional/technical specifications, the last mile burden for success falls to Agile Development teams to consistently produce user friendly software

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Average Closing Costs, Excluding Taxes, Up By 10.5 Percent Year-Over-Year

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, released its most recent closing cost data, which showed that in the first half of 2021 national average closing costs for a single-family property were $6,837 including taxes, and $3,836 excluding taxes. These were 12.3% and 10.5% year-over-year increases, respectively; whereas refinance closings costs increased marginally to $2,398, a 4.87% change from the reported 2020 average of $2,287.

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Advancing Your Proptech Strategy With AI

Today, no matter the industry, tech-enabled innovations are needed throughout. We must allow for vertical integration and ensure that real estate software is competitive and ready-to-market. The USA, alone, has one of the largest and most flourishing PropTech markets worldwide. While PropTech focuses on construction, buying, selling, renting, moving, and managing real estate assets, it is not limited to these areas.

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Aligning Process & Tech Teams – Key Ingredients For Innovation Delivery

The Digital Solutions Communication Conundrum  – For mortgage lenders, the road between defining needed system enhancements and delivering them, is paved with potholes, speedbumps and land mines.  Simply put, operational teams don’t speak the same language as the technology groups supporting them.  Too many times grand  “transformation” plans fall woefully short with unusable software, missed deadline, bloated budgets and ultimately deflated team morale.  Advanced technologies are not “Intelligent” out of the box.  To deliver innovation at scale, it takes the right combination of savvy mortgage process experts working side by side with non-practitioner technologists, translating functional requirements into actionable technical specs that can be understood by development teams eager to implement cool digital tools.  

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