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Gauging global economic impact on your appraisal report
Posted Date: Monday, July 27, 2015
The Fed seems to be eyeing financial crises in Greece and China as a threat to the U.S. economy, but what’s the real threat to our real estate market? Will turmoil oversees force appraisers to reconsider valuations on properties at home? Read on for the details.
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CFPB won’t address appraisal concerns in finalizing new TRID date
Posted Date: Wednesday, July 22, 2015
Despite receiving hundreds of comments from
appraisers and industry groups in the notice and comment period for the new
effective date of the TILA-RESPA Integrated Disclosure rule, the Consumer
Financial Protection Bureau chose not to address any concerns in finalizing the
new Oct. 3, 2015, date. Read on to find out what the bureau had to say.
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Veros’ Sapphire offers connection to FHA electronic delivery portal
Posted Date: Wednesday, July 22, 2015
Veros Real Estate Solutions announced that its
web-based, residential collateral valuation management platform, Sapphire, will
provide lenders with a direct connection to FHA’s Electronic Appraisal Delivery
portal. How will this technological advancement benefit lenders? Read on for
details.
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LRES reports growth in first half of 2015
Posted Date: Wednesday, July 22, 2015
The addition of employees and fully integrated software with
searches for additional acquisition targets is enhancing progress, appraisal
management company LRES reported. Read on for more details about what the
company reported from the first half of 2015.
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Freddie Mac Selling System enhancements coming soon
Posted Date: Monday, July 20, 2015
As part of an ongoing effort, Freddie Mac is hoping
to make its Selling System easier to use, while providing confidence in
utilizing the system as it pertains to delivering loans. Read on for the details of its program.
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Appraiser receives membership designation
Posted Date: Monday, July 20, 2015
Andy Keelon, MAI in, Huntsville, Ala., has been
awarded the Appraisal Institute’s most prestigious membership designation. Read
on for additional information about Keelon and his honor of distinction.
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Five things that can lower a home’s valuation
Posted Date: Monday, July 20, 2015
When appraising a home, knowing items that can
lower a value can be as important as acknowledging upgrades that add to a
valuation. Here are five things that can decrease the value of a home. Read on to
learn what to look for in your valuation.
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Gap between homeowner, appraiser value widens
Posted Date: Wednesday, July 15, 2015
For the fifth straight month, appraiser home value opinions fell further below homeowner estimates, according to Quicken Loans. Find out where homeowners believe their homes are worth more than appraisers say they are.
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Housing survey shows positive signs for market
Posted Date: Wednesday, July 15, 2015
Fannie Mae’s national housing survey for June showed a record shift in the housing market. What does that mean for prospective buyers? Read on for more details.
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New appraisal book cites unique demands for valuing auto dealerships
Posted Date: Wednesday, July 22, 2015
Auto dealerships are unique properties whose
characteristics can make the process of valuation fun, but challenging. A new
book dedicated to the subject hopes to help appraisers with the necessary
background to produce such a complex valuation. Read on for more details.
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Industry pushes back against TRID
Posted Date: Monday, July 20, 2015
Perhaps encouraged by the Consumer Financial
Protection Bureau’s recent proposed postponement of the effective date of the
TILA-RESPA Integrated Disclosures rule, two industry trade groups recently
shared some of their ideas for the bureau to consider with regard to the
complex rule. Read on to find out what groups are asking the bureau to consider
as it moves forward with TRID.
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Lawsuit against Texas appraiser dismissed
Posted Date: Monday, July 20, 2015
A civil lawsuit filed in the spring against a Texas appraiser has been dismissed. The appraiser also has got his license back following compliance by the Texas Appraiser Licensing and Certification Board after being sanctioned. Read on for the details.
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Valued Veterans grows with new technology integration
Posted Date: Wednesday, July 15, 2015
Valued Veterans, the only national appraisal management company recognized by the U.S. federal government as a service disabled veteran-owned small business, announced a new technology integration for it appraisers. How will this equipment provide growth? Read on for more details.
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Starkey Mortgage picks Empower for LOS solution
Posted Date: Wednesday, July 15, 2015
Starkey Mortgage, a Texas-based loan origination company, announced that it would use Empower from Black Knight Financial Services for its loan origination system. Read on for more details.
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MISMO pushes back July update
Posted Date: Monday, July 13, 2015
The latest version of the MISMO Reference Model was scheduled to go in place this month. The organization, however, announced that it was pushing back the update, in part because of the demands to meet the TILA-RESPA Integrated Disclosure deadlines. Read on to find out when version 3.4 will be available as well as some of the updates it will contain.
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Fannie Mae and Ellie Mae expand strategic partnership
Posted Date: Wednesday, July 22, 2015
Mortgage
industry leaders will further integrate technology, providing joint clients
with seamless, automated workflows, transparency and certainty when selling
loans to the GSE. How will upgraded technology improve the quality of loans?
Read on for more information.
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Appraisal Foundation seeking candidates
Posted Date: Wednesday, July 22, 2015
The Appraisal Foundation is looking for individuals
to fill openings on the Appraiser Qualifications Board and the Appraisal
Standards Board.
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Cordray talks rural appraisals at hearing
Posted Date: Wednesday, July 15, 2015
In an appearance before the Senate Banking Committee, Consumer Financial Protection Bureau Director Richard Cordray addressed a variety of issues for the bureau. Among them was a question about improving appraisals and accessibility of appraisals in rural markets. Read on to see what answers Cordray got regarding all issues of concern.
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Illinois cites appraiser for ‘misleading’ report
Posted Date: Monday, July 13, 2015
A real estate appraiser has been fined by the Illinois Department of Financial and Professional Regulation for what it said was a misleading report in a tax lawsuit. Read on to find out the sanctions involved and the reasons behind the department’s determination that the report was misleading.
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GSEs talk UCD timelines, TRID updates
Posted Date: Monday, July 13, 2015
In recent communications, Fannie Mae and Freddie Mac detailed their plans for collection of the Uniform Closing Dataset and updates to the Single-Family Seller/Servicer Guide. Read on to find out when the changes will take place and what affect the TILA-RESPA Integrated Disclosure (TRID) rules will have on the guide.
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Major appraisal firm branching out to the West
Posted Date: Monday, July 13, 2015
One of the largest commercial appraisal firms in the U.S. is opening a new office in the state of Oregon. What does this mean for all clients impacted by the move? Read on for more details.
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FHA proposes claims deadline
Posted Date: Monday, July 13, 2015
The Federal Housing Administration has proposed a maximum time period for lenders to file insurance claims and to revise its policy on reimbursement of eligible expenses and debenture interest when foreclosure and claim filing deadlines are missed. Read on to find out the details.
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FHA to host industry briefing on servicing, loss mitigation
Posted Date: Monday, July 13, 2015
The Federal Housing Administration will host a conference call for mortgage lenders and servicers to discuss sections added to the publication Single Family Housing Policy Handbook dealing with servicing and loss mitigation. Read on to find out how to participate.
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