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loanDepot settles appraisal bias lawsuit 

Housing Wire

California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. Instead of Connolly and Mott greeting the appraiser, a white colleague was present during the process. The home was appraised for $750,000, almost 60% higher than the initial appraisal performed.

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All You Need to Know About Reverse Mortgages Appraisal

AmeriMac

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. We will start by discussing the basics of reverse mortgages and who can benefit from them. Why an Appraisal is Crucial for a Reverse Mortgage?

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.

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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate.

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Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. Presented by: CoreLogic.

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CFPB reverses pandemic flexibilities, vowing enforcement

Housing Wire

Presented by: Proctor Loan Protector. Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). Servicers must have the flexibilities in place to keep up with the latest changes to remain compliant and efficient while still providing an optimal borrower experience.

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Meeting these eligibility criteria is the first step in applying for a reverse mortgage. Boosting curb appeal can positively impact the appraisal outcome.