Appraisal Process Legal Lending Mortgage 
Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.
Housing Wire
DECEMBER 13, 2021
Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management ’s latest critical defect report. of the total), followed by borrower and mortgage eligibility (10.4%) and legal/regulatory/compliance (10.4%).
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Housing Wire
JUNE 11, 2021
Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete. The process can take even longer if the buyer or seller requests a second appraisal. However, once the appraiser is at the home, it’s generally about five business days,” Masseria estimates.
Boston Appraisal
OCTOBER 8, 2022
While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.
Cleveland Appraisal Blog
NOVEMBER 3, 2022
Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do?
Cleveland Appraisal Blog
AUGUST 25, 2022
Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. You may also have to prove that you have enough income to cover the mortgage on all properties that you own. This is especially the case if your goal is to break into real estate. Let us know !
AmeriMac
MARCH 15, 2024
Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.
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