Fannie Mae recently announced that it will soon be introducing a new rural high-needs appraisal waiver within Desktop Underwriter® (DU®). The GSE also announced that it has renamed both its property inspection waiver (PIW) and property fieldwork waiver (PFW) to “appraisal waiver.”
Read MoreTopics: Fannie Mae, GSE, Lenders, Credit Union, Mortgage Companies
Fannie Mae recently announced that effective immediately, it will no longer require Form 1004MC (known as the Market Conditions Addendum) as part of appraisal reports. The GSE’s Selling Guide has been updated to reflect this change.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, Appraisers, Fannie Mae, GSE, Appraisal Process Management, Compliance, appraisal forms, collateral management
Global Kinex® is Global DMS’ automated technology solution for seamlessly delivering appraisals to both the UCDP® and EAD portal. In addition to its automation capabilities, another unique feature of Global Kinex is that it can be implemented as a stand-alone solution or in conjunction with our valuation management platform, eTrac® Enterprise.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, UCDP, residential mortgage industry, eTrac Enterprise Solutions, global kinex, Appraisal Process Management, Compliance, collateral management, MISMO XML, UAD, appraisal technology, Fannie Mae, Freddie MAC
Fannie Mae and Freddie Mac recently announced that they have launched an initiative to update the Uniform Appraisal Dataset (UAD) and uniform appraisal reporting forms to provide greater clarity for industry participants, simplify appraisal reporting and reviewing, and to build a foundation for appraisal modernization.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, Fannie Mae, Freddie MAC, GSE, UAD, Appraisal Process Management, appraisal forms, Uniform Appraisal Dataset, appraisal technology
Fannie Mae’s Collateral Underwriter® (CU™) has been available for some time now, but many appraisers have been left in the dark as to how the GSE’s review platform actually works.
Read MoreTopics: AMC, Appraisers, Fannie Mae, webinars
In a recent blog post, the FHFA announced that it has created the new Mortgage Assistance Application (MAAp), which will allow servicers to help borrowers resolve delinquencies more quickly.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, servicers, GSE, Fannie Mae, Freddie MAC, Compliance
With the continued lack of new home construction, as well as the lean inventory of new homes causing shortages of existing homes, Fannie Mae announced that it is considering a series of pilot programs to help address this issue that has plagued the country’s real-estate market for the past several years.
Read MoreTopics: Fannie Mae, GSE, residential mortgage industry, Lenders, Mortgage Companies, Credit Union, Compliance, proposals
Fannie Mae recently announced that during the weekend of December 9th, it will implement Collateral Underwriter® (CU™) 4.2, which will add advanced functionality to the new CU web application layout that’s currently only available in the classic version of CU.
Read MoreTopics: Lenders, Credit Union, Mortgage Companies, Fannie Mae, GSE, mortgage software, appraisal technology
Even with lower-than-projected growth for the first half of 2017, and an uncertain political climate, Fannie Mae’s Economic & Strategic Research Group still feels that the U.S. economy is poised to grow roughly 2% by the end of the year.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Fannie Mae, GSE
Today’s lenders face an uphill battle when it comes to increasing their margins on closed loan profitability, because most of the recent industry changes have added both time and cost to their overall processes.
Read MoreTopics: Lenders, Credit Union, Mortgage Companies, Fannie Mae, GSE, Appraisal Process Management, appraisal technology, UCDP, Compliance
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