In today’s fast-paced market environment, lenders and AMCs must take the necessary steps to ensure that their valuation management processes are both efficient and effective.
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In today’s fast-paced market environment, lenders and AMCs must take the necessary steps to ensure that their valuation management processes are both efficient and effective.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Compliance, State Licensing, Appraisal Process Management
Earlier this summer, the U.S. House of Representatives was introduced to the Appraisal Reform Act of 2019 (or HR 3619), which if passed would amend TRID by requiring the appraisal management fee to be disclosed separately from the appraisal fee on both the Loan Estimate and Closing Disclosure.
Read MoreTopics: Lenders, Appraisers, AMCs, Compliance, Regulations, Dodd-Frank Act, proposals
Appraising commercial real estate is time-consuming. After all that patience and hard work by the appraiser, the last thing lenders, AMCs, or appraisal firms want are pesky delays caused by inadequate management software that lacks the functionality they need – including digital review forms.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, AMCs, Mortgage Companies, Global DMS, Compliance, Appraisal Process Management, EVO-C, Commercial
The Federal Reserve recently announced that its Board and Federal Open Market Committee have released the minutes from their July meeting, which indicate that more rate cuts could be on the way through 2020.
Read MoreTopics: Lenders, Mortgage Companies, residential mortgage industry, Credit Union, Commercial
The eTrac® Data Store was recently equipped with two Quality Control (QC) products from Collateral Analytics™—known as Complexity Profiler™ and Complexity Profiler Plus™—which are designed to assist lenders with TRID compliance by providing an efficient and cost-effective way to identify complex properties.
Read MoreTopics: Lenders, appraisal technology, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Compliance, Regulations, Appraisal Process Management, Credit Union
Within its latest Q3 Washington Report, the Appraisal Institute noted that both Massachusetts and Washington, DC have enacted AMC legislation to bring their laws into compliance with federal requirements.
Read MoreTopics: Lenders, Appraisers, AMCs, Compliance, Regulations, Dodd-Frank Act
Does your current valuation management software automatically organize your supporting documentation within a centralized location? Better yet, can it automatically distribute this documentation per appraisal order based on your clients’ specific requirements?
Read MoreTopics: Lenders, appraisal technology, collateral management, eTrac Enterprise Solutions, Appraisers, AMCs, residential mortgage industry, Appraisal Process Management
Earlier this month, The Appraisal Foundation announced that its Appraisal Standards Board (ASB) intends to examine the concept of creating standards for evaluations – a common alternative to an appraisal that’s used by financial institutions for applicable transactions.
Read MoreTopics: Lenders, appraisal technology, Appraisers, AMCs, Compliance, Regulations, USPAP
Efficient turn-times are an essential component of the mortgage lending process, especially in today’s fast-paced and highly competitive market environment. Avoiding unnecessary delays is crucial for securing more referrals, which leads to more business.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, residential mortgage industry, Appraisal Process Management, Credit Union
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