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Move lawsuit against Zillow clears contempt hurdle with settlement

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Items Tagged with 'Appraisals'

ARTICLES

Will Fannie Mae’s Collateral Underwriter kill appraisal management companies?

Quite the opposite, actually
Kim Perotti
If the argument is that a lender can now more easily manage appraisers on their own because of Collateral Underwriter, that may be true if you believe AMCs were simply throwing appraisals against the Collateral Underwriter “wall” to see if they pass. Not even close.
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From HW Magazine

Appraisal disruption

Is Fannie Mae right to think that Collateral Underwriter is the answer to appraisal quality?
Ron Tester
Typically, for a process and a product that depends largely on human effort, if you want a higher quality product, you have to pay more. The best doctors, chefs, mechanics and attorneys all make more than the market average. Nevertheless, lenders, AMCs and Fannie Mae all expect appraisal quality to increase even as appraiser fees decrease.
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Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter
Gary Crabtree
There has been a lot of talk about Fannie Mae's Collateral Underwriter from all sides of the industry. Although appraiser Gary Crabtree's review is not all negative, it also doesn't say the system is a win for housing.
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Fannie Mae: Collateral Underwriter not disrupting appraisals

Appraisers need to see it in action
Brena Swanson
Before appraisers decide to shoot down any positive side to Fannie Mae’s Collateral Underwriter, Fannie said that they need to see it in action. In an exclusive interview with HousingWire, the enterprise explains its true goals behind the launch and how they will benefit the industry.
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Mercury Network: There's no need to freak out about Collateral Underwriter

CU will streamline appraisal review
Jennifer Miller

There are 95 Collateral Underwriter messages that affect appraisers, and the majority are the same issues they’ve dealt with for years. So yes, there will be an adjustment period as with any change, but end times are not near.


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Platinum Data Solutions and Mercury Network integrate appraisal solutions

Helps lenders, appraisers keep pace with compliance
Brena Swanson
Platinum Data Solutions is integrating its RealView appraisal quality tool into Mercury Network’s Appraisal Quality Management system to help users keep pace with compliance and regulation.
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Quicken Loans: Home values moved lower in December

Gap between homeowners, appraisers narrows
Trey Garrison
December marks the sixth consecutive month that appraiser and homeowner opinions have moved closer together, but appraisers in more than 77% of the included metro areas still have higher opinions of home values than owners. Here’s why.
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Fannie Mae's new appraisal system really just back to basics

Why is everyone so worried?
Anthony Roveda
Peer review is back at center stage with the Fannie Mae Collateral Underwriter and so are substantiated adjustments and good comp selection practices. Sound familiar? This is nothing new. This is old school appraising utilizing technology.
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What the hell is going on in the appraisal world?

The confusion of Fannie Mae's Collateral Underwriter
Anthony Roveda
It’s incumbent upon all in the industry to understand and implement best practices, but when the VERY use of appraisal services doesn’t employ some level of disclosure we might have a few problems. These problems are occurring right now with the massive confusion going on within the valuation space.
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Are there too many appraisers?

1 in 7 appraisals inflated by as much as 20%
Brena Swanson
The problems of the housing crisis are far from finished. While some areas may have recovered, a high number of appraisers and low number of homes for sale could be creating a bad scenario.
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