Items Tagged with 'HECM APPRAISALS'

ARTICLES

  • Class Valuation acquires reverse-focused AMC Landmark Network

    Erik Richard named COO of Western region, will oversee reverse support nationwide
    Landmark Network, a reverse mortgage appraisal management company, has been acquired by nationwide AMC Class Valuation, which recently changed its name from Class Appraisal. "Landmark is a leader in a market that we expect to grow as Baby Boomers look for options to carry them through retirement," said Class Valuation Chief Innovation Officer Scot Rose.
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  • How will FHA’s new HECM appraisal rules affect reverse mortgage lending?

    AMCs weigh in on the mandate requiring second appraisals on select loans
    The latest change to the reverse mortgage program was just announced, and it requires a second appraisal on select HECM loans. Now, the industry is abuzz with speculation as to just how impactful the new requirement will be. Will turn-times slow down? Will the loan be more expensive for most borrowers? We talked to appraisal management companies to find out.
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