Remove Design Remove Lending Remove Technology Remove Valuation
article thumbnail

Valligent integrates with Encompass by ICE Mortgage Technology

Housing Wire

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass. This content was generated using AI and was edited by HousingWire’s editors.

article thumbnail

Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

Valuation 383
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). ” Another trade group weighed in on the newly proposed rule.

Valuation 369
article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. These forms became fixed in the mortgage industry and have remained the standard for decades.

Appraisal 397
article thumbnail

Are these factors creating chaos in your mortgage lending ops?

Housing Wire

Technology will be the most popular solution, but choosing to implement multi-million-dollar platforms to streamline operations introduces even more complexity before savings are realized. But unless the automation is specifically designed to solve these problems, it stands little chance of being effective.

Lending 309
article thumbnail

CFPB wants lenders to disclose reason for denial of credit

Housing Wire

The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance. The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. Presented by: Mortgage Coach.

Law 417
article thumbnail

Black Knight looks to court brokers with new LOS

Housing Wire

Black Knight is looking to hook mortgage brokers with a new loan origination system designed specifically for them. By providing anytime, anywhere access to advanced LOS technology, LoanCatcher meets brokers when and where they are, giving them the freedom to expand their business and better serve their customers.”.