Veros Real Estate Solutions, Santa Ana, Calif., has released some results of the company’s quarterly review of their forecasts for the nation’s residential real estate markets. The forecasts, based upon the VeroFORECAST models, reflect projected market gains and declines for single family residences in most major metropolitan areas and some non-metro areas, reflecting 75 percent of the nation’s population.
CLIENT STORIES
The predicted five strongest markets are Wichita, Kansas, up four percent; Raleigh/Cary, North Carolina, Sioux Falls, South Dakota, Fargo, North Dakota, and Tulsa, Oklahoma, all up three percent. The markets with the greatest declines are: Sacramento/ Roseville, California, down 12 percent; Cape Coral/ Ft. Myers, Florida, down 13 percent; Palm Bay/Melbourne/Titusville, Florida, down 14 percent; and the Riverside/San Bernardino and Modesto, California markets are both down 15 percent. Document Systems Inc., Carson, Calif., has made the new Home Asset Planning Interview (HAPI) available as an integrated module to its LoanMagic loan marketing and presentation software. HAPI was developed by the Home Asset Advisor Academy, an organization that trains mortgage and other financial services professionals to become Home Asset Advisors. With the addition of HAPI, mortgage originators will now be empowered to take their discussions with borrowers to a higher level, helping them fully leverage their most valuable asset at the same time they help homeowners fully understand the risks involved in complicated financial instruments and complex loans. The company will offer a series of educational webinars on the new functionality. Innovative Relevance®, Cleveland, Ohio, has released its sector report “Mastering Survival Integration for the Mortgage Industry.” Covering over 200 enterprise and transactional processes within eight functional classifications, this detailed sector report provides the framework for sustainable operational improvements that must be made by organizations seeking survival integration answers, while incorporating downstream financial implications. RGA is co-author of the report.