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New American Funding onboards top Chicago loan officer 

Housing Wire

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. The mortgage loan officer handling the loan? Was it the borrower? A Zillow Zestimate?

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ChatGPT for Appraisers

Appraisal Today

Built in 2003, the Mediterranean style primary residence totals 4, 050 sq. The purchase index fell for the fourth consecutive week, as homebuyers continue to struggle with low for-sale inventory and elevated mortgage rates.” It comes with a three-bedroom, Mediterranean-style mansion with 4,050 square feet of luxury living space.