Tag Archives: Valuation

George Panichas of Lincoln Appraisal & Settlement Solutions Makes Influential Speech at the 2013 CRN Valuation Expo Meeting in Las Vegas

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North Providence, RI (PRWEB) June 28, 2013

George Panichas, a founding partner of the National Appraisal Management Business Lincoln Appraisal &amp Settlement Services, spoke at the 2013 Collateral Risk Network (CRN) Valuation Expo Meeting in Las Vegas on June 18, 2013.

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The 2013 CRN Valuation Expo Meeting took spot from 9am 4pm EDT on Tuesday, June, 18, 2013 at the Flamingo Hotel and Casino in Las Vegas, NV. Formed in 2003 in Orlando, Florida, the Collateral Danger Network (CRN) is a group which consists of essential stakeholders in the valuation sector such as collateral threat managers, experts in valuation and sector regulators with a focus on operating to resolve new and ongoing problems facing the industry nowadays. The group is represented by a assortment of institutions, which includes different lenders, Fannie Mae and Freddie Mac, the Veterans Administration, the Federal Housing Administration, Wall Street, and appraisers from all more than the United States.

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Panichas produced his presentation in the course of the AMC Possibilities and Challenges section of the meeting, and his speech discussed the history of how Lincoln Appraisal was founded, as nicely as how the AMC has adapted to the many modifications which have transformed the sector in current years. Panichas stated a consistent frustration with the lack of communication inside the market, stating, I am continually amazed at how we have an sector that has several moving parts of which most constituents involved either never speak to a single an additional at the macro level or vigorously dislike 1 yet another.

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When discussing the possible future of the industry, Panichas stated, At this point, we as an industry have a choice to make. All the a variety of trade groups can individually continue to operate in Washington and the states as separate entities, with each and every attempting to influence policy toward their distinct vision, or, we can choose to function together. Panichas clearly stated his stance on the issue when he stated firmly, Lets come collectively as an market!

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Panichas concluded his argument with this: We need to find a way to come collectively as an business to get new appraisers into the company to clearly illustrate why we have been and will continue to be the ideal alternative for mitigating mortgage risk and protecting taxpayers and to continue to innovate and provide the value add to lenders and home owners at a value point that keeps the appraisal profession desirable and relevant in order for the future to remain vibrant.

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George Panichas is a founding partner of Lincoln Appraisal and has been instrumental in taking the firm from being a regional firm to becoming a National Appraisal Management and Settlement Solutions Firm. He is also the elected President of the National Association of Appraisal Management Firms (NAAMC). NAAMC is a non-profit organization dedicated to advertising appraiser independence and increasing appraisal understanding and transparency all through the true estate market, and is nearing its one particular-year anniversary in July of 2013.

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ABOUT LINCOLN APPRAISAL

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Founded in 1998, Lincoln Appraisal &amp Settlement Solutions, headquartered in North Providence, RI, is a national Appraisal Management (AMC) and Settlement Solutions Organization. Lincoln Appraisal gives a complete suite of residential, industrial, and specialized appraisal solutions to the actual estate market throughout the United States and Puerto Rico. Further info can be obtained by visiting http://www.LincolnAppraisal.com.

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AnswerMine Launches Analytics-Based Options for Targeted Mortgage Restructuring and Portfolio Valuation

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Evanston, IL (Vocus) October 24, 2009

AnswerMine Group (http://www.answerminegroup.com) today introduced analytics-primarily based options for targeted mortgage restructuring, and mortgage portfolio valuation and danger management.

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AnswerMine’s Mortgage Analytics Service helps lenders and mortgage servicers target loans that are likely to default for restructuring or modification, primarily based on the predictive worth of granular credit data alternatively of generic credit scores. This service also optimizes the restructuring procedure, using AnswerMine’s models that adapt to the evolving economic situation and that improve as more modification information becomes available.

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AnswerMine’s Valuation and Hedge Analytics Service requires into account the new crucial variables that drive portfolio threat in today’s lending environment, such as the effect of restructuring techniques.

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AnswerMine can evaluate all or any part of a lender’s residential mortgage portfolio, in help of strategies to increase loan-modification programs, minimize delinquencies, provide options to foreclosure and boost the all round value of the portfolio.

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“With asset values at historic lows, the ability and willingness of borrowers to pay is a essential factor in portfolio efficiency,” mentioned Stuart Cornew, AnswerMine co-founder and managing director. “Lenders need to have much more than just FICO scores to comprehend danger. By analyzing a borrower’s credit behavior, AnswerMine supplies the basis for a targeted portfolio management approach to maximize the net present value to lenders and investors.”

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AnswerMine’s service recognizes that, for the duration of a period of declining true estate values, the creditworthiness of borrowers is increasingly the essential indicator of mortgage portfolio good quality. By analyzing credit data making use of a proprietary strategy AnswerMine aids lenders locate issue loans just before they become issues.

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“If you can get to those loans and modify or restructure them just before they default, you vastly enhance the likelihood of avoiding foreclosure,” Cornew explained.

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Cornew stated AnswerMine’s solution is positioned “at the convergence of data, analytics and technology,” and noted that the current economic crisis gives a historic 1st chance to apply these three variables in solving a dilemma with such wide-reaching effects.

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He also pointed out that AnswerMine is the initial commercially and technologically feasible targeting approach of its kind, and responds to the government’s challenge to apply targeted restructuring to the mortgage crisis.

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“AnswerMine takes targeting out of the realm of theory and into the realm of practice,” Cornew asserted.

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Cornew explained that banks would uncover worth in AnswerMine’s targeting analytics, even if they choose not to provide early loan modifications. “Our method gives lenders advance information of non-performing loans. They can apply that expertise in a variety of scenarios and methods, any of which might improve their portfolios’ overall performance.”

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AnswerMine combines banking and mortgage experience, proprietary data mining and mortgage analytics, and affiliated operations and plan-fulfillment resources to measure, handle and monitor the achievement of lenders’ approaches. The service can be produced available on a turn-important basis, such as outsourced contact center operations to proactively contact borrowers, execute a client’s particular modification method and decide the optimum modification or restructuring answer.

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Valuation and Hedge Analytics recognize financial realities

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AnswerMine constructed its Valuation and Hedge Analytics Service on the understanding that borrower credit and residence prices will continue to be the crucial threat elements affecting mortgage and servicing portfolio composition throughout the coming years. By recognizing the altering relative significance of these underlying aspects, AnswerMine’s innovative use of credit data to figure out mortgage performance and re-worth mortgage portfolios provides a competitive advantage in the new and evolving market place for mortgage primarily based assets.

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The Valuation and Hedge Analytics remedy monitors and analyzes a portfolio of whole loans or mortgage servicing rights, advising on valuation and forecasting expected losses and cash flows. The service contains reviewing all associated risks and suggested loss mitigation techniques inherent to portfolio management. As a outcome AnswerMine can advise firms on the suitable levels of loan loss reserves and economic capital, as well as the pricing of mortgage credit threat. Lastly, throughout instances like these of market place disruption, AnswerMine’s Valuation and Hedge Analytics can give a crucial independent evaluation of bank valuation models and assumptions.

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Analytics strategy uses whole information sets, not data samples

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AnswerMine’s information mining incorporates Info Obtain Theory to support a targeted portfolio management method. The method utilizes an entire data set – in this case, details on all borrowers within a portfolio – to get rid of classic sampling biases that plague other approaches. It also enables the discovery of greater-order interactions in big datasets, based on the capability to examine a number of combinations and sorts of variables (e.g., categoric and full-range numeric). And it examines so-named “non-parametric distributions” to discover anomalous variable relationships.

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By operating with entire data sets, rather than samples, AnswerMine finds relatively rare events and combinations of variables that typically go undetected making use of other methodologies. This delivers the level of transparency that AnswerMine clientele demand for successful execution and regulatory reporting.

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About AnswerMine Group

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AnswerMine Group builds forecasting and segmentation models for effective application across several business segments. Using propriety analytic computer software, AnswerMine has refined and perfected the theory and strategy of information analysis into an correct, fast and versatile practice.

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AnswerMine Group employs a philosophy to “let the information speak.” Its technologies analyzes huge datasets for profiles that hyperlink outcomes of interest with combinations of traits that can be used in predictive and segmentation models.

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In addition to methodological experience, AnswerMine’s professionals have substantial encounter in and knowledge of the industries the organization serves. Its staff pioneered the use of Information Acquire Theory and selection trees in several areas of company.

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For more details, please pay a visit to http://www.AnswerMineGroup.com.

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Make contact with:

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Mark Smith&#13

PReturn, Inc.&#13

312-371-6443

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Steve Nunley&#13

AnswerMine Group, LLC&#13

847-332-2500

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Far more Loan Modification Services Press Releases

Objective and Thorough Property Valuation Evaluation Is Crucial To Successfully Negotiating With Commercial Mortgage Lenders According to Kevin M. Levine

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Woodland Hills, CA (PRWEB) March 21, 2011

An objective and thorough house valuation evaluation is the important to a profitable negotiation with industrial real estate mortgage lenders, stated Kevin Levine, Executive Vice President of Strategic Asset Solutions/Peak Asset Options of Woodland Hills, California. Several distressed loan borrowers think that they can submit just any proposal to modify the loan or conduct a quick sale of the house, Levine stated. And numerous potential actual estate investors submit delivers to obtain mortgaged properties or buy mortgage loan notes from lenders at really low prices. Sometimes those proposals are successful but generally they are summarily rejected by the lender.

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Levine explained that borrowers or potential purchasers usually submit a very low figure proposal, believing that will smoke out the lender and stimulate a counter provide. That response doesnt happen extremely often, he said. A lender usually avoids, in impact, bidding against itself. Levine explained that the lender need to be convinced the proposed loan modification, brief sale or note purchase will make an end result at least equal to what the lender will comprehend upon foreclosure. This can only be carried out by supplying the lender with a quite thorough house valuation evaluation, Levine stated.

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We devote considerable time and work gathering existing industry information and operating data about the house. If there are tenants, we analyze their rental rates in comparison with industry prices, he stated. Important elements relating to tenants are the remaining terms of their leases, the likelihood of renewal, and their anticipated rental renewal prices which may effectively fall below the existing prices. So even if the occupancy is fairly higher now and the property is producing sufficient earnings to service the debt, taxes and maintenance, that may possibly not be the case in a few months.

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Levine commented that properties occupied by the borrowers operating organization need an examination of the company economic functionality. The home owners enterprise could be declining swiftly in this economy, Levine added. In such a non-arms length situation, the enterprise will not be in a position to pay the contracted rent. An option and realistic rental price most likely will be drastically lower, diminishing the value of the house.

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Levine stated that lenders usually welcome and appreciate receiving an objective and thorough valuation analysis. They typically then will have the house reappraised but the valuation evaluation we give them creates a benchmark and provides a basis for contesting the reappraised value if that becomes needed.

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Strategic Asset Solutions/Peak Asset Solutions delivers commercial loan modification and brief sale services in California and all through the country. The companys personnel bring in depth industrial real estate experience to every single assignment, such as market analysis, valuation, legal, and negotiation encounter. Each borrowers unique lending situation is completely analyzed, and the borrower is assisted in preparing current operating reports and projections. Then Strategic Asset Solutions/Peak Asset Solutions drafts and submits to the lender a loan modification proposal. That proposal could contain a principal reduction, interest price reduction, and waiver of penalty charges. In those situations exactly where a loan modification will not function to the mutual advantage of the borrower and lender, Strategic Asset Solutions/Peak Asset Options will try to broker a quick sale of the commercial actual estate at a significant discount from the loan balance, or will seek to negotiate a sale of the note to a third-party.

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Strategic Asset Options/Peak Asset Options is a member of the Peak Corporate Network headquartered in Woodland Hills, California. In addition to industrial loan modifications, the Peak Corporate Network provides mortgage lending, loan servicing, residential quick sale, 1031 exchange, trustee operate, foreclosure solutions, and true estate sale brokerage solutions. These solutions are available mostly all through the Western United States for each residential and industrial real estate properties and loans.

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Much more Loan Modification Services Press Releases

M&A Focused Economic Business Forum Gathers CFOs and CCOs Alike in Chicago, IL to Discuss and Share Frequent Practice With regards to Accounting, Valuation, and Tax Issues

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(PRWEB) June 09, 2011

Primatics Financial hosted a Regional Financial Sector Forum event at the Renaissance Blackstone Hotel in downtown Chicago, IL on Could 17, 2011. Bank executives attended to talk about the major challenges and obstacles pertaining to the valuation, loan accounting and tax components related with bank M&ampA activity. It is critical to our consumers to comprehend how the industry is addressing concerns about M&ampA accounting. Element of our mission as a premier software provider in this space is to not only provide the software essential to deal with these troubles, but to also facilitate networking across our client base and broader to assist establish a frequent practice that tends to make sense for every person., says Jeff Sant, EVP of Sales &amp Marketing and advertising at Primatics Monetary. Jonathan Rogers, Divisional CFO at Trustmark National Bank could not agree a lot more, commenting that “the Forum additional reinforced our decision that we had found a business companion in Primatics that has resolved so many of the complications of accounting for acquired loans, and has formed a broad network of relationships with recognized bank acquirers”. As long as monetary institutions continue to face strategic and operational challenges brought on by ever changing regulations and complicated compliance specifications, Primatics Monetary will play an active function in identifying, analyzing and addressing these business challenges via enterprise-grade computer software. Bank executives are now realizing that computer software is a viable and much more effective option to hiring services-primarily based organizations that concentrate on supplying men and women and tools.

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About the Industry Forum&#13

The Economic Business Forums, hosted by Primatics Financial, are regional possibilities for monetary institutions in the surrounding region to network and talk about the market’s newest challenges and possibilities in a collaborative, open environment. The most recent Midwest Regional Forum in Chicago attracted more than fifteen economic organizations and had a targeted theme about accounting for mergers and acquisitions, covering each FDIC and non-FDIC acquisitions and the main problems with compliance. Particular discussion points included FAS 141R / SOP 03-three accounting, valuation / money flows, tax and regulatory and management reporting strategies. Presenters and panel specialists integrated representatives from Sandler ONeill &amp Partners, First Financial Bancorp (FFBC), IBERIABANK Corporation and Crowe Horwath LLP. Sessions and discussion subjects covered the following:&#13