The Appraisal Institute® recently announced that it has launched an information system—known as the “Property Use Classification System” (PUCS)—which classifies and describes property uses and assists real estate analysts and others with their property use data storage and analysis.
Read MoreTopics: Commercial, Appraisers, AMCs, Lenders, Mortgage Companies, releases, Appraisal Process Management, appraisal technology, technology
The Appraisal Institute recently announced that it has issued a second edition of “Valuation by Comparison” by Mark Ratterman, which examines the common pitfalls that appraisers encounter when searching for data. This updated version also presents online search tips that can help practitioners find information in markets where data is scarce, inconsistent, or misleading.
Read MoreTopics: AMCs, Appraisers, residential mortgage industry, releases, Appraisal Process Management, Tips, Lenders
Efficient turn-times are an essential component of the mortgage lending process, especially in today’s fast-paced market environment. Timely real estate appraisals play a vital role, yet many appointments are scheduled at the vendor’s discretion – which can lead to unforeseen delays.
Read MoreTopics: Lenders, Credit Union, Mortgage Companies, AMCs, Appraisal Process Management, Vendor Management, residential mortgage industry, releases, appraisal technology, eTrac Enterprise Solutions
Global DMS is proud to present EVO-Commercial (EVO-C) – the evolution of modern day commercial valuation technology.
Read MoreTopics: Lenders, AMCs, Mortgage Companies, Credit Union, Global DMS, Appraisal Process Management, appraisal technology, appraisal software, releases, technology, collateral management, Vendor Management
The GSEs recently announced that they will be implementing further updates to their existing Uniform Loan Delivery Dataset (ULDD), which will be known as ULDD Phase 3.
Read MoreTopics: GSE, ULDD, UMDP, MISMO, Lenders, Fannie Mae, Freddie MAC, releases
Freddie Mac recently announced that it has successfully implemented “Release 1” of the Common Securitization Platform (CSP) for certain single-family, fixed-rate mortgage-backed securities. This means that the GSE is now using the CSP for data acceptance, issuance support, and bond administration activities that are related to current single-class, fixed-rate mortgage-backed securities.
Read MoreTopics: GSE, Lenders, Freddie MAC, Fannie Mae, releases, Mortgage Companies
Fannie Mae announced that it will be implementing Collateral Underwriter® (CU™) Version 4.0—which will provide a new, intuitive, and easy-to-use design and layout—during the weekend of December 10th. The application’s current functionality will remain the same, but its look and feel will be redesigned to provide lenders with an even more efficient appraisal review process.
Read MoreTopics: GSE, AMCs, Lenders, releases, Fannie Mae, appraisal software, Mortgage Companies, appraisal technology, residential mortgage industry
The Federal Housing Administration (FHA) recently announced that it has implemented several system updates to both its new Electronic Appraisal Delivery (EAD) portal and FHA Connection (FHAC) technology.
Read MoreTopics: AMCs, Lenders, releases, Portal, Appraisers, appraisal technology
In less than 2 weeks, on June 27th, all FHA-approved mortgagees will be required to use the FHA’s new Electronic Appraisal Delivery (EAD) portal to submit their appraisal data to the administration. Is your lending institution prepared for this industry-wide change?
Read MoreTopics: Lenders, appraisal technology, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, Compliance, Appraisal Process Management, releases, Portal
Starting this Saturday, May 21st, Fannie Mae’s Collateral Underwriter (CU) will begin leveraging the Uniform Collateral Data Portal’s (UCDP) appraisal sharing functionality to provide aggregators with access to their correspondents’ appraisal results in the CU web application.
Read MoreTopics: GSE, Fannie Mae, Lenders, appraisal software, AMCs, Mortgage Companies, technology, UCDP, Appraisal Process Management, releases
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