With solar panels becoming more popular, Fannie Mae decided to publish a short video on YouTube, which talks about the differences between appraising properties with leased or owned solar panels.
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With solar panels becoming more popular, Fannie Mae decided to publish a short video on YouTube, which talks about the differences between appraising properties with leased or owned solar panels.
Read MoreTopics: Fannie Mae, Lenders, Appraisers, AMCs, Compliance, residential mortgage industry, Appraisal Process Management
In today’s highly competitive housing market, having an efficient appraisal process is critical to ensuring quick closings and happy customers. However, mitigating this process without the proper valuation management technology can be labor-intensive, inefficient, and lead to costly inaccuracies that only lengthen turn-times.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, Compliance, residential mortgage industry, Appraisal Process Management, Credit Union
“The Homebuyer Assistance Act of 2019”, which is designed to address the current shortage of certified appraisers (particularly for FHA mortgages), was recently advanced by the House Financial Services Committee.
Read MoreTopics: Lenders, AMCs, Mortgage Companies, Compliance, residential mortgage industry, Regulations, Appraisal Process Management, proposals, Credit Union
In it’s most recent “Appraiser Update” newsletter, Fannie Mae continued its discussion of the GSEs’ ongoing appraisal modernization efforts, which includes impending updates to the Uniform Appraisal Dataset (UAD) and redesigned appraisal forms.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, collateral management, AMCs, Mortgage Companies, Compliance, UAD, appraisal forms, Credit Union
Efficiency is the key to succeeding in today’s highly competitive housing market, as the ability to close loans quickly ensures good customer service (leading to more referrals). Timely closings, however, strongly depend on one’s ability to avoid valuation-related delays – especially during final delivery to the GSEs or FHA.
Read MoreTopics: GSE, Lenders, appraisal technology, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, Keeping Collateral Management Compliant, UCDP, global kinex, Appraisal Process Management, Credit Union
The Federal Housing Administration (FHA) recently announced that it is delaying the implementation of an impending rule that would have required digital signatures on appraisals when uploaded to its Electronic Appraisal Delivery System (EAD).
Read MoreTopics: Lenders, appraisal technology, AMCs, Mortgage Companies, Compliance, residential mortgage industry, Regulations, Appraisal Process Management, Credit Union
The Appraisal Foundation recently announced that it has begun its search for qualified candidates to serve on its Appraiser Qualifications Board (AQB) and Appraisal Standards Board (ASB).
Read MoreTopics: Appraisers, AMCs, Compliance, Regulations, State Licensing, USPAP
Valuation management software helps bring stability and greater efficiency to a lender, AMC, and/or appraiser’s workflow. However, these systems can become counter-productive if they aren’t configurable and able to match your specific business model.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, Appraisers, AMCs, Mortgage Companies, Global DMS, Compliance, residential mortgage industry, global kinex, MARS, Global Communicator, Appraisal Process Management, Credit Union
Those that manage real estate appraisals for commercial loans understand the challenges inadequate software can bring to their overall efforts. Clunky designs and navigation, the promotion of manual processes that don’t account for their business model, and slow uploads that time-out are only some of the issues that industry participants face when using outdated programs.
Read MoreTopics: Lenders, appraisal technology, AMCs, Mortgage Companies, Global DMS, technology, Compliance, Appraisal Process Management, EVO-C, Commercial
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