Next week, the FHA will begin implementing several updates for its EAD portal and other appraisal-related functionality in FHA Connection. According to the Administration’s announcement, changes will be made to the Appraisal Logging screen, appraisal transfers, and digital signatures on appraisals.
Read MoreTopics: Lenders, appraisal technology, collateral management, AMCs, Mortgage Companies, technology, Compliance, Appraisal Process Management, releases, Credit Union
Appraisers who value condemned properties typically find themselves in court to explain and defend their analysis and opinions. Because of this, the Appraisal Institute recently announced that it has published a new book for these professionals known as “Real Property Valuation Condemnation”, which focuses specifically on the subject of condemnation.
Read MoreTopics: Lenders, Appraisers, AMCs, Compliance, Tips, Appraisal Process Management, releases
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: Lenders, appraisal technology, Appraisers, AMCs, Mortgage Companies, technology, Appraisal Process Management, releases, Commercial
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: Lenders, Appraisers, AMCs, residential mortgage industry, Tips, Appraisal Process Management, releases
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, appraisal technology, Vendor Management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, residential mortgage industry, Appraisal Process Management, releases, Credit Union
Global DMS is proud to present EVO-Commercial (EVO-C) – the evolution of modern day commercial valuation technology.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, appraisal software, AMCs, Mortgage Companies, Global DMS, technology, Appraisal Process Management, releases, Credit Union
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: Freddie MAC, GSE, Fannie Mae, Lenders, MISMO, releases, ULDD, UMDP
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: Freddie MAC, GSE, Fannie Mae, Lenders, Mortgage Companies, releases
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, Fannie Mae, Lenders, appraisal technology, appraisal software, AMCs, Mortgage Companies, residential mortgage industry, releases
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