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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. During this same time, our industry helped consumers take advantage of low interest rates to refinance mortgages.

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Explaining the Loan Process Part 4: Underwriting Mortgage

PennyMac

Final verification from your lender is required to ensure you're equipped to repay your mortgage in full and on time. This is where the mortgage underwriting process comes into play. During the underwriting stage, your application moves from the loan processor to the mortgage underwriter.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

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. Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Renovation loan assessments.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Owners with conservation easements can claim an income tax deduction. billion tax fraud scheme.

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9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

Your mortgage lender informs you of the next step in the process: the home appraisal. A home appraisal is typically required by all mortgage lenders and is a necessary step in securing a loan to purchase a property. Mortgage lenders do not want to lend more money for a home than the home is worth.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.) Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?