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
Appraisal reviews are an essential component of the valuation process, ensuring both accuracy and compliance, yet many software platforms only allow these reviews to be completed on the backend – leaving lenders in the dark as to what is being flagged on their appraisals.
Read MoreTopics: GSE, Lenders, appraisal technology, eTrac Enterprise Solutions, Mortgage Companies, Global DMS, Compliance, UAD, MARS, Appraisal Process Management, MISMO XML, USPAP
Having a seamless, workflow-driven valuation management process allows for quick, easy configurations and will all but eliminate manual touch-points.
Read MoreTopics: GSE, Lenders, appraisal technology, collateral management, appraisal software, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Compliance, residential mortgage industry, MISMO, UAD, MARS, 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
Having a seamless, workflow-driven valuation management process will allow for quick, easy configurations and will all but eliminate manual touch points. Lenders and AMCs that take advantage of this unique automation technology are sure to increase their own efficiencies, reduce costs, and become even more valuable to their consumer or lender-clients due to quicker turn-times and more accurate reports.
Read MoreTopics: GSE, Lenders, appraisal technology, eTrac Enterprise Solutions, Mortgage Companies, Global DMS, Keeping Collateral Management Compliant, MISMO, UAD, MARS, Appraisal Process Management, USPAP, Credit Union, AMC
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