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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. Can’t make the time?

Training 366
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HUD settles with JPMorgan over appraisal bias case

Housing Wire

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

million to fund a training grant that would, in part, “enable specialized training that will prepare counselors to support expanded HECM counseling and to better understand property valuation bias so that they can effectively counsel clients on this topic,” according to congressional justifications for the budget.

Mortgage 338
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How is the mortgage rate environment affecting due diligence? 

Housing Wire

One of the more interesting trends is that some of our historically smaller clients are beginning to grow rapidly over the last 90-120 days, with some of the larger lenders stepping away or pricing themselves out of the market. Keeping client scope systematically hardcoded maintains the integrity of the underwriter’s review of the loan.

Mortgage 338
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The looming non-QM commoditization question

Housing Wire

An LO with a client at the closing table. Blue Water Financial Technologies is a provider of asset valuation, mortgage servicing rights (MSR) distribution, MSR hedging and electronic solutions to mortgage lenders. . As a result, non-QM borrowers rely on alternative documentation such as bank statements and assets.

Lending 348
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Global DMS transforms appraisal management software

Housing Wire

Finding an appraisal management software for real estate and commercial that works the way each individual lender does is difficult – usually resulting in time-consuming configurations, development work and training. Furthermore, when needs change, clients do not have to spend time or money on custom configurations. PRODUCT: EVO.

Appraisal 342
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Opinion: NAR has finally met its match

Housing Wire

As the Sitzer/Burnett case may well show, most listing agents are trained to steer their clients to offers that support this dynamic. Realtors are able to modify select provisions in the contract form as they negotiate on behalf of their clients. Talk about a conflict of interest. And it needs to be unlocked.

Realtors 394