Remove 2003 Remove Contracts Remove Inventory Remove Loan Officers
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Originators gear up for the purchase market

Housing Wire

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers.

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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. The mortgage loan officer handling the loan? It initially began as a test program in the early 2000s and was expanded to all areas of the country in 2003, as a result of VA Circular 26-03-11.

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ChatGPT for Appraisers

Appraisal Today

Built in 2003, the Mediterranean style primary residence totals 4, 050 sq. Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. percent the previous week.