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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. Servicers, especially those who service government-insured loan products, are under statutory time constraints that give them very little wiggle room.

Lending 307
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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Valuation for insurance claims.

Appraisal 106
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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. Non-lending appraisal courses. Who staffs these types of jobs?

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How To Appraise Rural Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = This kept appraisers busy. There have been very few foreclosures for the current downturn.

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Mortgage Term Glossary

Assurance Financial

Mortgage Lending Terminology . A lender might set up an escrow account where they hold money that goes toward your property tax payments and homeowners insurance premiums. When insurance or property taxes are due, the lender pays the insurance company or government with funds from your escrow account. Home Inspection.

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When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic.

Law 364
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Conventional Loan vs. FHA Loan: What’s the Difference?

PennyMac

Conventional loans by definition are loans that are not backed or insured by any government entity. They are funded by a private lending institution and then typically sold to a government-sponsored entity such as Fannie Mae or Freddie Mac. Possibility of no mortgage insurance. And more importantly, which one is right for you?