The CFPB recently announced that it has issued its final policy guidance regarding the Home Mortgage Disclosure Act (HMDA) data that was made available to the public on January 1, 2019.
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The CFPB recently announced that it has issued its final policy guidance regarding the Home Mortgage Disclosure Act (HMDA) data that was made available to the public on January 1, 2019.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, CFPB, Compliance, Regulations, residential mortgage industry
During the First Quarter of 2019, Global DMS will be sending its representatives to several industry events throughout the country, who are looking forward to both networking with new contacts as well as catching up with old peers.
Read MoreTopics: Mortgage Industry Conferences, Trade Shows, Global DMS, Global DMS Employees, Lenders, Mortgage Companies, AMCs, Credit Union, eTrac Enterprise Solutions, EVO-C
Thanks to today’s fast-paced and regulatory-intensive housing market, valuation management technology is critical to a lender’s appraisal process for ensuring efficiency, accuracy, and 100% compliance.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Appraisal Process Management, appraisal technology, eTrac Enterprise Solutions, mortgage software, cloud computing, collateral management, Vendor Management, residential mortgage industry
Freddie Mac recently announced that it has expanded its Home Possible® sweat equity program, which will now allow certain borrowers to utilize their construction skills in order to help cover an entire down payment and all closing costs when purchasing a home.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Freddie MAC, GSE, Compliance, residential mortgage industry
We all know the importance of appraisal-related forms and reports, as these essential components of the valuation process help monitor turn-times, improve overall performance, and assist with reviews – among many other things.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, appraisal technology, Appraisal Process Management, eTrac Enterprise Solutions, webforms, appraisal forms, collateral management, Vendor Management
The FHA recently announced that it has automated its second-appraisal process for reverse mortgage lenders, which are now required to provide a second appraisal for HECM loans whenever one is flagged by the administration’s system as having potential bias.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Compliance, Regulations, Appraisal Process Management, appraisal technology
On November 30th, Freddie Mac announced that its new CHOICEHomeSM program will begin allowing conventional financing for manufactured homes in an attempt to both increase the availability of affordable housing and to provide innovative financing options.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Freddie MAC, GSE, residential mortgage industry, Compliance
The FDIC, OCC, and Board of Governors of the Federal Reserve recently issued a proposal that would increase the threshold for residential real estate transactions that require an appraisal to $400,000. As it currently stands, certain residential mortgage originations don’t need a full appraisal if the loan amount is less than $250,000.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Compliance, Regulations, Appraisal Process Management, residential mortgage industry, proposals
Fannie Mae recently announced that it will now allow lenders to execute appraisal waiver offers on loans in process at the time of a disaster when certain requirements are met.
Read MoreTopics: Fannie Mae, GSE, Compliance, Appraisal Process Management, Lenders, Mortgage Companies, Credit Union
Have you ever tried to implement a new software platform only to find that it can’t be configured to match your specific business model? This unfortunate norm not only frustrates staff, it requires organizations to completely alter their processes to accommodate the new system – leading to confusion, longer turn-times, and increased risk.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Appraisal Process Management, Vendor Management, collateral management, appraisal technology, eTrac Enterprise Solutions, Compliance
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