AMCs Enhance Offerings
Several appraisal management companies have integrated new technology into their platforms in an effort to improve services to lenders. Meanwhile, appraisers and valuation firms are meeting in North Texas.
Risk of Occupancy, Valuation Fraud Still a Problem
The risk of overall mortgage fraud retreated last year. Still, the risk of occupancy and valuation fraud remains elevated.
Guidelines Eased at Genworth
Genworth Mortgage Insurance has lowered credit score requirements, increased debt-to-income ratios and expanded its jumbo limits. Appraisal requirements have been eased.
Appraisal Services Target FHA EAD, AMC Utilization
A new service is designed to help lenders connect to the electronic portal for government loans, while appraisal management companies are vying for business. An appraisal technology firm was acquired.
Identity Fraud Drives Up Risk of Mortgage Fraud
A quarter-over-quarter increase in the risk of identity fraud drove a rise in the risk of overall mortgage fraud.
AMC Rule Finalized
Minimum state requirements for appraisal management companies have been outlined in a rule that has been finalized by federal regulators.
Services Help Comply With Collateral Underwriter
Several valuation service providers have enhanced existing products or developed new ones to help appraisers cope with Collateral Underwriter.
Mortgage Gatherings Pinpoint New Rules
With recent regulatory policies and implementation deadlines taking hold, several industry conferences and workshops are geared towards helping lenders manage a successful business in the age of compliance. Appraisals, banking and reverse mortgages are among other topics being covered at upcoming events.
FHA Appraisal Delivery Going Digital
Mortgagees on government-insured residential loans will have to start using a new electronic portal to deliver appraisal reports next year.
Appraisal Services Address Collateral Underwriter
Compliance with Collateral Underwriter is among several valuation solutions recently addressed through technology upgrades and company-to-company data integrations.