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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? The post Are these factors creating chaos in your mortgage lending ops? appeared first on HousingWire.

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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. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Beyond the Hype: Fannie Mae Announcement SEL-2023-02

McKissock

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Predictably, the appraisal online community reacted to this announcement in much the same way that a vampire in a low-budget horror movie reacts when shown a crucifix.

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Beyond the Hype: Fannie Mae Announcement SEL-2023-02

McKissock

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Predictably, the appraisal online community reacted to this announcement in much the same way that a vampire in a low-budget horror movie reacts when shown a crucifix.

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Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending.

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Second term for Powell, Brainard to be Fed vice chair

Housing Wire

Her nomination sends a strong message that the Fed will continue to prioritize efforts — which Brainard has spearheaded — to modernize the Community Reinvestment Act. The racial homeownership gap now yawns as wide as it did in 1968, but most lenders receive a “satisfactory” or “outstanding” grade on Community Reinvestment Act inspections.

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Appraisal in Changing Markets

Appraisal Today

Insurance companies. House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. Done for divorce and sometimes for estates.