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FHFA failed to document desktop appraisal reviews, OIG says

Housing Wire

The Federal Housing Finance Agency (FHFA) failed to adequately document desktop appraisal reports, which clouds data on the effectiveness of the desktop appraisal program, according to a report published by the FHFA Office of the Inspector General (OIG). 18, 2021, and March 31, 2023.

Appraisal 445
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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgage 413
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LoanLogics integrates digital document processing tools with Finastra’s MortgagebotLOS

Housing Wire

LoanLogics, a mortgage loan quality automation provider, announced the integration of two of its document processing tools with Finastra ‘s MortgagebotLOS solution on Wednesday. This integration aims to enhance lender capabilities and facilitate document processing and income calculation, the statement said.

Tools 405
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DocMagic adds ADA-compliant loan documents to its library

Housing Wire

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market.

Design 372
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Document, Document, Document!

Appraisal Buzz

The buzzword for the real estate industry might be “Location, Location, Location,” but to help prevent and mitigate a potential Errors & Omission claim, the motto should be: “Document, Document, Document!”. The post Document, Document, Document! appeared first on Appraisal Buzz.

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Wolters Kluwer to acquire document solutions firm IDS

Housing Wire

International governance, risk and compliance giant Wolters Kluwer has inked a deal to acquire International Document Services (IDS) for $70 million in cash. IDS, currently owned by the Reynolds and Reynolds Company , is among the top providers of compliance and document generation software solutions for the mortgage and real estate industry.

Lending 380
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Florida-based LO accused of falsifying documents

Housing Wire

The DOJ contends the loan officer would then submit loan applications with the phony supporting documents to her company’s underwriting department. The post Florida-based LO accused of falsifying documents appeared first on HousingWire.