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
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
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
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
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 utilize an in-house appraisal panel understand the numerous process points that must be accounted for on a regular basis.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, AMCs, Compliance, residential mortgage industry, Appraisal Process Management
The Appraisal Institute recently published a new book by Maureen Sweeny, which is designed to help industry professionals better understand the physical and legal components of condos, co-ops, and planned unit developments (PUDs), gather and analyze relevant data, and develop well-supported value conclusions.
Read MoreTopics: Lenders, collateral management, Appraisers, AMCs, Compliance, residential mortgage industry, Appraisal Process Management
Staff efficiency, order and vendor management, turn-times, and overhead costs are all negatively impacted when utilizing a valuation management platform that has gaps in its automation and functionality.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, residential mortgage industry, Appraisal Process Management, Credit Union
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