Digital home valuations have hit an inflection point. What's next? | Clear Capital in the News
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Digital home valuations have hit an inflection point. What’s next? | Clear Capital in the News

By September 13, 2021 No Comments

Story by Bonnie Sinnock

Use of digital valuations soared to new heights during the pandemic, but the drivers of appraisal technology are different now.

While some motivations and market conditions driving digital validation use have changed since the pandemic subsided, other factors could encourage continued growth in their use.

Appraiser shortages that intensified during the pandemic, for example, are likely to continue in the short term given the rising number of purchase loans that have low levels of GSE waiver usage.

“The number of appraiser licenses has not really increased, and yet the volume has substantially gone up,” said Kenon Chen, executive vice president at Clear Capital.

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