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Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). the trade groups state. ” Another trade group weighed in on the newly proposed rule.

Valuation 365
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Opteon expands its direct-to-consumer appraisal offerings

Housing Wire

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. In 2021, Opteon acquired the appraisal firm The William Fall Group , along with Valuation Partners and Summit Valuation Solutions.

Appraisal 341
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The current REO market requires an expansion of services for business growth

Housing Wire

Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

Business 361
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Narrow Gauge Capital acquires Inco-Check

Housing Wire

Inco-Check has not only developed proprietary technology to support its clients, it also uses these same tools to provide a highly differentiated service offering, making it a one-stop shop for software and tech-enabled services,” said Michael Detwiler, who partnered with NGC on the acquisition, in a statement. Berkery Noyes & Co.

Logistics 321
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Slew of Negative Reviews for Appraiser Miller

Appraiserblogs

We are expected to perform valuation services competently and in a manner that is independent, impartial and objective. We also know how important it is to uphold ethical standards in order to protect ourselves and our clients from potential legal action.

Appraisal 136
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How to Read a Home Appraisal

Chicagoland Appraisal Blog

Letter of Transmittal The letter of transmittal is a cover letter or introduction written by the appraiser to the client. The legal description and the assessor’s parcel number (APN). The legal description and the assessor’s parcel number (APN). Income Approach If the property is an income-generating property (e.g.,

Appraisal 148
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People Movers: FundingShield, North American Title Company, Valligent Technologies, Garris Horn and Azimuth GRC

Housing Wire

Valuation technology company Valligent Technologies has named Walter Allen as its executive vice president of digital transformation. There, Allen developed strategies for capital markets clients including Morgan Stanley and Deutsche Bank , as well as managed engagements and provided solutions for FHFA , OCC , HUD , Freddie Mac and others.