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.
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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
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
A new bill—known as the “Blue Water Navy Vietnam Veterans Act” (H.R. 299)—was recently signed into law by President Trump and will soon allow the Department of Veteran Affairs (VA) to back loans that exceed the conforming loan limit.
Read MoreTopics: Lenders, Mortgage Companies, Compliance, residential mortgage industry, Regulations, Credit Union
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
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