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Remote online notarization is the proper path forward for digital closings

Housing Wire

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

Law 441
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8 Common Violations Made by Appraisers

McKissock

Failure to disclose significant real property appraisal assistance is another common violation. Believe it or not, sometimes trainees/applicants will send in the appraisal reports, and the trainee is not mentioned in the reports as having providing significant real property appraisal assistance.

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How Does the VA Appraisal Panel Operate?

McKissock

The VA uses state-licensed or state-certified appraisers to provide opinions of value for the homes on which it guarantees the mortgages. He has been a practicing real property appraiser since 1987, and has been instructing and authoring appraisal courses since 1992. A VA loan permits an eligible veteran to borrow up to 103.3%

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How Are Appraisal Complaints Enforced?

McKissock

Each state has its own set of administrative procedures used to handle disciplinary complaints against licensees of various professions, such as appraisers, real estate agents and broker s, doctors, nurses, accountants, etc. Administrative procedures. Who can file a complaint?

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What is a 1031 Exchange? A Beginner’s Guide

Property Metrics

To minimize or defer the tax bill when selling investment real estate, investors commonly use what’s known as a 1031 or Like Kind Exchange. 1031 ), which defines the conditions for tax deferral on the sale of real estate. No “Boot” : Boot refers to any non-like kind property received in a 1031 exchange.

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ANSI Square Footage Standards: What Agents and Appraisers Should Know

Empire Appraisal Group

It is in our interest, as competent real estate professionals, to be aware of the ever-changing valuation landscape so that we can help our clients better understand the appraisal and financing process. Broad adoption of the ANSI standard by the secondary mortgage market would reduce confusion. Craig Morley. George, Utah.

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