Does the mortgage industry still need Appraisal Management Companies?

Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
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Title, Settlement Services Target Online Transactions

A new industry partnership has derived an online, third-party solution for home buyers and sellers to to process title insurance and closing settlements. The partnership between LoanMarket.Net, an online marketplace for buying and selling real estate-secured note investments, and First American Title Insurance Company, aims to provide online buyers and sellers with a single source for efficient and cost-effective title and settlement services. "We believe that our centralized national solution is a perfect fit for buyers and sellers operating in an online marketplace environment," said Vincent Foley, vice President of First American Title Insurance Co. in a press statement today. LoanMarket.Net, designed to offer existing investors and potential investors, a  neutral, open marketplace, said First American's proven technology, expertise and nationwide reach will ensure customers a seamless title and settlement process. Write to Kelly Curran.

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