Articles Tagged with ''Collateral Underwriter''

[Infographic] More than one in three appraisals contain inconsistent property ratings

Platinum Data CEO: Appraisers need to be aware of this
39% of appraisals contained property quality or condition ratings that conflicted with previous ratings on the same property in the third quarter of 2015. Phil Huff, president and CEO of Platinum Data Solutions, explains why this could be happening and what the industry needs to do about it.
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Myths of Collateral Underwriter: An appraiser's perspective

High CU risk scores don't automatically trigger AQM reviews
High CU risk scores do not automatically trigger AQM reviews, and lenders using CU should not consider its feedback as necessarily reflective of an individual appraiser’s work. CU has an adjustment comparison tab that can show the appraisal report adjustments against the CU model’s adjustments.
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From HW Magazine

Appraisal disruption

Is Fannie Mae right to think that Collateral Underwriter is the answer to appraisal quality?
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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Fannie Mae: Collateral Underwriter not disrupting appraisals

Appraisers need to see it in action
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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