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Mortgage Markets CUSO Using Mortgage Coach

Appraisal Buzz

Mortgage Markets CUSO is now using Mortgage Coach to increase mortgage lending engagement at the credit unions it serves. To date, Mortgage Markets CUSO’s mortgage lending services are relied on by 15-plus U.S. To date, Mortgage Markets CUSO’s mortgage lending services are relied on by 15-plus U.S.

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Class Valuation acquires AMC AppraisalTek

Housing Wire

AppraisalTek was founded in 2003 by Robert Oglesby. In 2018, Class Valuation, then Class Appraisal, acquired reverse-mortgage focused AMC Landmark Network. Arcapita said at the time that with “appraisals being a regulatory requirement for mortgages for new home purchases, refinancing, and foreclosures, the $7.5

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ReverseVision acquired by Constellation Software

Housing Wire

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Leadership at Constellation Mortgage Services, Inc.

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CRN – Gross Living Area Measuring Standards Announcement

Appraisal Buzz

As the appraisal process is undergoing major shifts towards modernization and new levels of automation, this void was ripe for a solution. The CRN Standards Committee, chaired by Elizabeth Green, Chief Product Solutions and Data Officer for LoanLogics, is working to provide a resource to the residential mortgage lending industry.

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Originators gear up for the purchase market

Housing Wire

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.