Appraisal Fees Lead to Multi-State Settlement
Prospect Mortgage LLC has agreed to a settlement with state mortgage regulators. At issue are fees charged to borrowers by an appraisal affiliate.
Mixed Response to Appraiser ID Badges
A relatively new service that provides appraisers with identification badges has not yet been widely adopted by the appraisal industry.
Appraisals Adjustments Hurt Home Sales Transactions
Subjective adjustments to the estimated value of a home by appraisers can be substantial and get in the way of a loan closing.
New UCDP Function Enables Appraisal Sharing
An update to the Uniform Collateral Data Port will enable appraisals to be shared among correspondent lenders and aggregators.
Lending Practices, Tech Helped Cut Mortgage Risk
Many of the lending practices that helped bring down the mortgage industry have been reformed thanks to home lenders, government and technology.
4th Fastest Growing Mortgage Firm Earns $500 Mil
While there were no mortgage-related companies among the nation's 100 fastest-growing private firms, there was a quartet that ranked among the top 1,000 -- one with revenues exceeding a half billion dollars.
Washington Appraiser Recognized Nationally
A real estate appraiser has been recognized by a national appraisal association for his ethics and contributions to the industry and community.
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.