PERSON OF THE WEEK: During the past 20 years or more, mortgage lenders have put a strong focus on adopting technologies that automate the origination process and enable a seamless borrower experience. Although it was recognized throughout the industry that most borrowers would need human assistance in the mortgage process, lenders nonetheless were compelled to deliver an all-digital, paperless mortgage process to augment their more traditional sales channels. For many lenders, the timeline for
From Forms to Reports: A Look at the UAD Overhaul
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).