Technology integrations help ensure process efficiency by providing users with seamless access to valuable data. At Global DMS®, we understand the importance of these integrations and strive to provide the data you need when you need it for all your valuations.
Read MoreTopics: Lenders, AMCs, Credit Union, Mortgage Companies, AVMs, eTrac Enterprise Solutions, Appraisal Process Management, appraisal technology, collateral management
According to FICO, consumer credit scores have reached a record high and now average 704 points. As Americans appear to be making better credit decisions, this clearly has translated to higher FICO scores – which weights consumers in terms of on-time payments, length of credit history, the amount and type of credit they have available, and how much of their available credit is being used.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, residential mortgage industry
As technology and market data continue to improve, Broker Price Opinions (BPOs) have become a popular appraisal-alternative for lenders – especially when estimating the value of a property prior to its purchase or sale, for understanding collateral value when securing a new loan or refinancing, when estimating liquidation value, and more.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, eTrac Enterprise Solutions, technology, cloud computing, collateral management
As more borrowers look to take advantage of their mortgage equity, Home Equity Line of Credit (HELOC) loans have begun increasing in popularity. This new trend has created a unique opportunity for lenders to take advantage of these loan-types, especially as refinances have continued to fall due to increasing rates.
Read MoreTopics: Lenders, Credit Union, Mortgage Companies, Appraisal Process Management, AVMs, residential mortgage industry, Compliance, appraisal technology, eTrac Enterprise Solutions, Global DMS, cloud computing
The National Credit Union Administration’s (NCUA) Board announced that it has approved a proposed rule that would amend the administration’s real estate appraisal requirements for certain transactions.
Read MoreTopics: Credit Union, Appraisal Process Management, Compliance, Regulations, Commercial, AMCs, Appraisers, proposals
In an effort to prevent further losses to its Mutual Mortgage Insurance Fund (MMIF), the FHA recently announced that it will begin requiring lenders originating Home Equity Conversion Mortgages (HECMs) to provide a second property appraisal in cases where the agency determines that there may be inflated valuations.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Compliance, Regulations, Appraisal Process Management, residential mortgage industry, AMCs, Appraisers
Having a seamless, workflow-driven valuation management process allows for quick, easy configurations and will all but eliminate manual touch-points.
Read MoreTopics: AMCs, Lenders, Mortgage Companies, Credit Union, Appraisal Process Management, eTrac Enterprise Solutions, MARS, residential mortgage industry, appraisal software, appraisal technology, MISMO, UAD, Compliance, collateral management, GSE
Most of the mortgage industry’s attention has been placed on Millennials. Sure, this is the largest generation of active homebuyers, but that could soon change as Gen Z’s (those born after 1995) begin to enter the market.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, residential mortgage industry
Does your current commercial valuation platform truly provide the functionality you need? More importantly, does it fit your unique business model and allow you to close your commercial loans as efficiently as possible?
Read MoreTopics: Commercial, EVO-C, Lenders, Mortgage Companies, Credit Union, Appraisal Process Management, appraisal software, appraisal technology, Vendor Management, cloud computing, technology, Compliance, Global DMS, collateral management
The Appraisal Institute® recently announced that it has launched an information system—known as the “Property Use Classification System” (PUCS)—which classifies and describes property uses and assists real estate analysts and others with their property use data storage and analysis.
Read MoreTopics: Commercial, Appraisers, AMCs, Lenders, Mortgage Companies, releases, Appraisal Process Management, appraisal technology, technology
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