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Items Tagged with 'Appraisals'

ARTICLES

The Wrap: Appraisals bounce back after holiday weekend but still down

HousingWire/a la mode partner on new weekly appraisal metric feature
While the appraisal volume did bounce back from the holiday week, it fell short of a complete recovery, which supports the view that the overall trend is slightly downward. Since appraisal volume is a key metric for forecasting home sales and refis, you know you better read on.
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The Wrap: Appraisals solid but down on holiday weekend

HousingWire/a la mode partner on new weekly appraisal metric feature
HousingWire is teaming with a la mode on a new weekly feature rounding up news, rumors and the latest exclusive a la mode data on appraisal volume. Want to know more? Of course you do.
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From HW Magazine

The Long Game

How to succeed in the mortgage business for 50 years or more
What does it take to innovate and adapt to the boom and bust cycles of our economy over many decades? How have some companies managed to excel for so long? We decided to explore the secret to longevity by interviewing executives at Forsythe Appraisals, MGIC, United Guaranty and TD Service, which have all been in business for 50 years or more.
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Here's why AMCs need to pay close attention to looming regulatory changes

It should be a "very smooth transition for the industry"
The new regulation requirements for all states is going into effect soon. The good news is that a majority of states are already meeting these minimum requirements, which translates into fewer challenges for AMCs. Currently, 37 of the 54 states and territories impacted by this regulation are in compliance.
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Veros now offers first direct connection to FHA appraisal portal

Will allow lenders to send appraisals through Veros’ software
Veros Real Estate Solutions, which already serves as the vendor for the Federal Housing Administration’s electronic portal for appraisal reports and data submissions, announced Monday that it is implementing a direct connection to the portal, which will allow for electronic appraisal submissions through Veros’ proprietary product, Pathway.
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Here’s why Illinois appraisals came to a dead stop this week

Illinois Department of Financial and Professional Regulation pulls licenses
While the rest of us were going about our business this week, appraisals in the state of Illinois came to a dead stop after the Illinois Department of Financial and Professional Regulation revoked the licenses of 70 of the state’s appraisal management companies due to non-compliance with the state’s bonding requirements.
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Is Bank of America looking to sell LandSafe?

In an industry hungry to buy, the answer is probably 'yes'
Bank of America is in talks to sell its appraisal company LandSafe, and the market is hungry to buy it. If you want to add your company to the priority list, you better act fast. The deal is expected to close in the next four to six weeks. And you'll have plenty of competition.
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