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LendArch hires Karthik Kumar, TCS’s former head of mortgage

Housing Wire

Kumar was a manager at Standard Chartered Bank from 2002 to 2004. “We intend to change how lending is going to be done fundamentally – behavior, market dynamics, products,” Kumar said. LendArch has over 30 clients, including lenders and broker firms. Clients include several top 10 lenders in the country.

Mortgage 316
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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

Finance 369
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Lenders, reach more buyers with new credit optimization platform

Housing Wire

Mike Darne, CreditXpert Mike Darne: The What-if Simulator was first introduced to the market in 2004 and it allowed credit specialists to optimize a borrower’s credit score at the tradeline level. One lender on the new platform recently reached out to our client success team asking to have eight additional users added to their account.

Buyers 380
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Appraiser Scam – Be Careful!

Appraisal Today

Custom-built in 2004, the 50,275-square-foot mountain spread sits on 75 acres just west of Denver. Surprisingly, few appraisers use speaking opportunities to attract new appraisal clients. Retired Racer’s Magnificent Mountaintop Mansion Roars Onto the Market for $24.8M. Key Takeaways.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

Acres, Built in 2004 Cape Cod style, it is not. Private Money Lending – fast turn times, high fees. With non-lender appraisals you choose your clients, turn times, fees, scope of work, words you use, etc. bath, 5,258 sq.ft. This glass-and-steel home features curving rooflines and a wide open interior. Meet in person.

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8 Signs of a Possible Real Estate Bubble or Burst

McKissock

Clients continue to require more market analysis be included in appraisals. Buyers, many out-of-state, were purchasing homes with cash but were not living in them, which increased values from 2004 to 2006 because of competition, but it also indicated that a possible real estate bubble was in the very foreseeable future.

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ANSI Square Footage Standards: What Agents and Appraisers Should Know

Empire Appraisal Group

Other government lending institutions (Freddie Mac, FHA, VA, and Rural Housing) indicate that they’ll accept the ANSI standard, but it’s unclear if they’ll accept Fannie Mae’s protocol when there are portions of the property that are used as living space but aren’t classified as living space under ANSI. George, Utah.

Agents 78