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Items Tagged with 'Appraisals'

ARTICLES

Does Fannie Mae support appraisers?

Here comes Collateral Underwriter
Anthony Roveda
They kind of do as long as they can use an appraisers’ analysis and opinions in a platform to punitively rate their work against the work of their peers. But what happens when the appraiser doesn't score well enough?
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Allstate Appraisal and Bradford Technologies launch valuation tool

Valuation Express targets valuations for HELOCs, seconds and REOs
Ben Lane
"The market needs alternatives that provide the strength and accuracy of an appraiser-driven valuation but without the time and expense of a full appraisal,” said Steven Albert, president of Allstate Appraisal. “The Valuation Express report provides the right balance of quality and expertise of the local appraiser at the price points lenders require."
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Fannie Mae to make proprietary appraisal tool available to lenders

Lenders can use Collateral Underwriter in 2015
Ben Lane
Beginning in early 2015, Fannie will make Collateral Underwriter available to lenders as part of its industry tools package, which also includes Desktop Underwriter and Early Check.
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CoesterVMS integrates with Mercury Vendor Management Portal

Simplifies appraisal process
Brena Swanson
CoesterVMS, an appraisal management and technology provider, has integrated its Cloud Control appraisal management service into a la mode’s Mercury Vendor Management Portal, simplifying the appraisal process for users.
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Canadian-based NAS acquires InHouse AMC

Expands into U.S. mortgage market
Brena Swanson
Nationwide Appraisal Services is expanding into the U.S., entering the $1.3 trillion mortgage marketplace through the acquisition of the majority interest in InHouse.
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Forsythe Appraisals adds Richard Shackelford as VP of business development

Brings experience in loan origination, loan operations
Ben Lane
In the new role, Shackelford will be responsible for the successful growth of both local and national client opportunities and brand recognition for the company.
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Are appraisers holding back housing?

New rules hinder appraisals
Brena Swanson
Although a new study indicates that inflated appraisals are less common today, the impact of low appraisals may be problematic in its own right — higher levels of loan rejections that put a damper on the housing market.
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3 burning appraisal questions for the CEO of Veros

This is what Darius Bozorgi means
Jacob Gaffney
During a recent panel at the Bipartisan Housing Summit, Darius Bozorgi, the CEO of Veros, indicated that he felt the technological approach of Fannie Mae, Freddie Mac and the Federal Housing Administration should be extended to the rest of the housing industry. Here's what he meant.
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Lenders are key part of solution
Alan Hummel
The most significant obstacle for many trainee appraisers is completing the 2,500 hours of required experience to achieve Certified Residential status, after the education component has been completed.
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Where's the key to unlocking the door to homeownership?

Access to credit remains unacceptably tight
Pamela Hughes Patenaude
A key question is whether a rigid reliance on credit scores, at the expense of meaningful underwriting of the borrower, is worth the price of diminished access to mortgage credit. Does this reliance make sense when the most risky and objectionable products (such as “no doc” loans and “interest-only ARMs”) have been effectively banned from the marketplace?
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