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A Log Home Valuation

Appraisal Buzz

The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? It’s apparent when someone has little to no knowledge regarding log home valuation. Most appraisers would gladly take a log home valuation class if it was offered to the public.

Valuation 396
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Stepping up the fight against fraud in mortgage lending

Housing Wire

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Presented by: Truework. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations.

Lending 430
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A Seller’s Market: What Does It Mean for Appraisers?

Appraisal Buzz

Difficulty Finding Comps You might have difficulty finding comparable properties to base your valuation on in a buyer’s market. Faster Turnaround Times In a seller’s market, the lending institution and homeowners may demand faster turnarounds to push the sale through before the market fluctuates. Their drama is not your problem.

Appraisal 370
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JPMorgan Chase amps up correspondent lending

Housing Wire

Presented by: WFG. The MSR valuation rose 12% over the prior quarter. The post JPMorgan Chase amps up correspondent lending appeared first on HousingWire. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. billion in loans serviced in Q4 2019.

Lending 275
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How data and technology can combat appraisal bias

Housing Wire

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

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CFPB outlines anti-redlining, discrimination efforts in new report

Housing Wire

The Consumer Financial Protection Bureau (CFPB) released its 2022 Fair Lending Annual Report to Congress last week, which illustrates how it took aim last year at redlining and appraisal discrimination in pursuit of its enforcement and supervision, guidance and rulemaking, interagency coordination, and outreach and education missions.

Lending 348
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Reevaluating your origination tools? Here’s where to start

Housing Wire

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

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