According to new research from the Urban Institute, rental payment history is indicative of future mortgage loan performance and should be considered when consumers apply for mortgages.
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According to new research from the Urban Institute, rental payment history is indicative of future mortgage loan performance and should be considered when consumers apply for mortgages.
Read MoreTopics: Lenders, Mortgage Companies, residential mortgage industry, proposals, Credit Union
In today’s fast-paced market environment, it’s crucial that you take the necessary steps to ensure that your valuation management process is both efficient and effective. Making sure your reporting is accurate and configurable gives you the ability to mange productivity, monitor turn-times, and analyze all aspects of this process from start to finish.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, appraisal software, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Appraisal Process Management, Credit Union, EVO-C
Freddie Mac’s latest Outlook report, which was released at the end of April, broke down the state of the housing market and examined where the industry is likely heading over the next couple years.
Read MoreTopics: Freddie MAC, GSE, Lenders, AMCs, Mortgage Companies, residential mortgage industry, Credit Union
Switching valuation management platforms for your real estate appraisal operations may seem like a daunting task that will only fill your team with anxiety. However, the cost of not switching—or switching to an inadequate software program—could have lasting impacts on your organization and its processes.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, appraisal software, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, Compliance, residential mortgage industry, Appraisal Process Management, Credit Union
The CFPB recently finalized an amendment to its “Know Before You Owe” mortgage disclosure rule—commonly known as TRID—which originally took effect in October of 2015. According to the Bureau, its amendment addresses when a mortgage lender with a valid justification can pass increased closing costs on to a consumer and disclose these costs on a Closing Disclosure.
Read MoreTopics: Lenders, Mortgage Companies, Compliance, Regulations, CFPB, Credit Union
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) recently announced a revised date for the opening of its National Registry of AMCs—or the “AMC Registry”—which is now set for July 16, 2018.
Read MoreTopics: Appraisers, AMCs, Compliance, Regulations
In just under two weeks, Global DMS will be heading to the MBA’s Commercial/Multifamily Servicing and Technology Conference in Miami, where we will be exhibiting our new commercial valuation management platform EVO-Commercial (EVO-C) at table #6 on the tradeshow floor.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, appraisal software, Mortgage Companies, Global DMS, Mortgage Industry Conferences, Trade Shows, Appraisal Process Management, Credit Union
Have you ever been curious as to why one home may be priced substantially higher, or lower, than another home on the same block? In many cases, it’s easy to see why one house may have a larger price tag than its surrounding neighbors. But in other cases, this isn’t so obvious.
Read MoreTopics: Lenders, Appraisers, Mortgage Companies, residential mortgage industry, Credit Union, AMC
Have you ever wished that you could automatically centralize your supporting documentation per appraisal order based on your client’s specific requirements?
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, Appraisal Process Management, Credit Union
During his recent presentation of the CFPB’s semi-annual report to Congress, Acting Director Mick Mulvaney included a memo of suggested changes that he feels should be made to the federal agency. If adopted, these changes would fundamentally alter the CFPB’s mandate and structure.
Read MoreTopics: Lenders, Mortgage Companies, Compliance, Regulations, Dodd-Frank Act, proposals, CFPB, Credit Union
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