Yesterday, a clown held the door open for me. It was such a nice jester. On the flip side, it’s not nice being taken advantage of and lenders are feeling Thunderstruck about, as this Commentary has mentioned several times, credit costs being jacked (more below). On the inflation theme and a little more mainstream, for me and plenty of people who read this Commentary every day, is the egg price fixing that has been occurring. (Remember when prices were way up around Easter?) Although inflation has been slowing, we don’t need this stuff. And the price of the twelve gifts described in the classic song “The 12 Days of Christmas” is at a record high of $46,730, according to PNC’s 2023 Christmas Price Index. At the other end of the cost spectrum, how’d you like to live like Martha Stewart (for a night) for $11.23? Rent her place! (Today’s podcast can be found here, and this week’s is sponsored by MCT. MCT’s technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged — offering clients the tools to perform under any market condition.) Lender and Broker Products and Services Exciting news in the real estate appraisal world! Class Valuation has just strengthened its market presence through the strategic acquisition of Valuation Connect. In a game-changing move, Class Valuation is set to elevate its position as a market leader by joining forces with the dynamic Valuation Connect. This union of industry powerhouses signifies a commitment to innovation and excellence in real estate appraisal solutions. Class Valuation CEO John Fraas expresses enthusiasm, stating, “Combining forces is going to be a win-win for all stakeholders.” The collaboration promises operational efficiency, enhanced service offerings, and cutting-edge appraisal technology. Integrating seamlessly with Class Valuation’s culture, Valuation Connect brings a centralized retail presence and technology that aligns perfectly with the vision of both companies. This strategic acquisition reinforces Class Valuation’s commitment to providing efficient, intentional products and services to mortgage lenders with the combined entity offering expanded resources, enhanced technology, and a broader range of modernization products. Read the full announcement here.
Source: Mortgage News Daily