The FHFA has released its 2018 Report to Congress, which includes commentary from Director Mark Calabria that encourages Congress to act on housing reform, requests chartering authority similar to the OCC, and discusses the GSEs’ conservatorship – advising that it should end.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, Mortgage Companies, Compliance, residential mortgage industry, Regulations, Credit Union
Fannie Mae and Freddie Mac recently completed a survey with appraisal-industry stakeholders regarding their impending updates to the Uniform Appraisal Dataset (UAD) and redesigned appraisal forms as part of the Uniform Mortgage Data Program® (UMDP®).
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, appraisal technology, Appraisers, AMCs, Mortgage Companies, Compliance, UAD, Uniform Appraisal Dataset, appraisal forms, UMDP
In its latest “Appraiser Update” newsletter, Fannie Mae discussed its ongoing modernization efforts and how it has begun testing new processes and technologies in the collateral risk management space.
Read MoreTopics: GSE, Fannie Mae, Lenders, Appraisers, AMCs, Mortgage Companies, residential mortgage industry, Newsletters, Credit Union
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: GSE, Fannie Mae, Lenders, Mortgage Companies, Compliance, Appraisal Process Management, Credit Union
The FHFA, Fannie Mae, and Freddie Mac (in collaboration with industry, consumer, and government partners) recently announced that they have launched a centralized clearinghouse known as Mortgage Translations, which consists of an easy-to-use collection of translated documents and tools that will assist lenders and other industry participants in helping borrowers with limited English proficiency (LEP).
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, servicers, Lenders, Mortgage Companies, residential mortgage industry, Credit Union
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: GSE, Fannie Mae, Lenders, Mortgage Companies, Credit Union
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: GSE, Fannie Mae, Lenders, collateral management, Appraisers, AMCs, Mortgage Companies, Compliance, appraisal forms, Appraisal Process Management, Credit Union
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: Freddie MAC, Fannie Mae, Lenders, appraisal technology, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Compliance, residential mortgage industry, UAD, UCDP, global kinex, Appraisal Process Management, MISMO XML, Credit Union
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: Freddie MAC, GSE, Fannie Mae, Lenders, appraisal technology, AMCs, Mortgage Companies, UAD, Uniform Appraisal Dataset, appraisal forms, Appraisal Process Management, Credit Union
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: Fannie Mae, Appraisers, webinars, AMC
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