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There is a desktop appraisal, which uses online information like property records, floor plans and comparable listings, and a hybrid appraisal that combines an in-person and online approach.
In July 2013, FNC launched the FNC Clean Room, a web-based online marketplace for mortgage loans. [17] [18] In December 2015, CoreLogic agreed to acquire the company for $475 million. The sale created 45 millionaires. [19] [20] The transaction was completed in 2016. [2] [21] At that time, the home value index was discontinued. [22]
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an addition or a cross-check to an appraisal; home equity loans [1] or a home equity line of credit [1] of less than $250,000 [citation needed] refinancing [4] appeal to cancel lender's mortgage insurance (LMI or PMI) [1] due diligence by financial institutions [1] asset evaluation and bookkeeping by financial institutions [1]
In December 2015, the company acquired FNC, Inc., another provider of real estate appraisal services, for $475 million. [27] In January 2016, CoreLogic announced it was paying $65M to acquire total ownership of RELS, LLC, a provider of property valuation and appraisal services it owned in partnership with Wells Fargo. [27]
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A refinance appraisal is often part of the underwriting process for getting a new mortgage to replace your current one. Your lender can order an appraisal to determine your home’s market value ...