Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
W S

Items Tagged with 'Appraisals'

ARTICLES

Homeowner, appraiser home value opinion gap widens

Home values post minor monthly, hearty annual, increases
Trey Garrison
The difference between appraiser and homeowner perceptions continued to increase for the fourth consecutive month in May, Quicken Loans reports. Why are appraiser opinions trending lower?
Read More
From HW Magazine

The Long Game

How to succeed in the mortgage business for 50 years or more
Sarah Wheeler
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.
Read More

Here's why AMCs need to pay close attention to looming regulatory changes

It should be a "very smooth transition for the industry"
Emeka Madu
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.
Read More

Veros now offers first direct connection to FHA appraisal portal

Will allow lenders to send appraisals through Veros’ software
Ben Lane
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.
Read More

Here’s why Illinois appraisals came to a dead stop this week

Illinois Department of Financial and Professional Regulation pulls licenses
Ben Lane
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.
Read More

Is Bank of America looking to sell LandSafe?

In an industry hungry to buy, the answer is probably 'yes'
Brena Swanson
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.
Read More

Quicken Loans finds growing divide between homeowners and appraisers

Going for three months straight
Jacob Gaffney
Detroit-based Quicken Loans, the nation’s second-largest retail mortgage lender, uses its internally generated Home Price Perception Index to gauge how homeowners currently view the housing market. And they've spotted a worrying trend.
Read More

Accurate Group launches new appraisal technology

Fewer humans save time and money
Brena Swanson
Accurate Group launched its latest technology solution iValueNet, hoping to give mortgage lenders a choice on interior property inspections to help save time and money.
Read More

Six housing agencies issue final rule for AMCs

Finalize minimum requirements
Brena Swanson
Housing authorities announced new minimum requirements for state registration and supervision of appraisal management companies. With the new rule, states may elect to register and supervise AMCs, but there are catches.
Read More

The real impact of Fannie Mae’s Collateral Underwriter

Did the appraisal industry overreact?
Chuck Mureddu
After all the anticipation and skeptics discussing how much Collateral Underwriter will make our lives miserable, it's just not the case. That's not to say there aren't small bumps, such as the following, in the road.
Read More