AMC Giant Acquired
An appraisal management company that claims to be among the biggest of its kind has been acquired by an insurance product provider.
Getting the Most from Home Appraisals
When it comes to real estate appraisals, prospective borrowers can help or hinder the valuation process. So loan originators might be well advised to pass on a few tips.
Fannie Updates Appraisal Requirements
Appraisal policies have been updated at the Federal National Mortgage Association. Impacted areas include required photos, acceptable comparable properties and updated reports.
Mortgage Lenders Have LOS Options
At the top of the headlines for loan origination systems is the recent service outage at Ellie Mae. A range of other LOS providers have been touting new clients, including a reverse mortgage lender, and product integrations with providers of appraisal services and risk mitigation.
Valuation Services Being Acquired
A mortgage service provider that helps home lenders manage their risk is unloading its suite of home valuation services. The acquirer also picked up a compliance company.
Service Providers Enhance Appraisal Quality
A number of enhanced offerings are aimed at upgrading the quality of valuation reports. Several improvements are being accomplished through alliances and partnerships.
United Guaranty Expanding Programs
A host of upcoming changes have been unveiled that are designed to expand the loans insured by United Guaranty Corp. Property flips, rural property appraisals and minimum borrower contributions are impacted.
New Fannie Guidelines on Rural Appraisals
Fannie Mae has established new guidelines for appraisals on properties in low-population areas. The company also clarified its policy on using appraisal management companies.
Federal Regulators Rein In AMCs
Federal financial regulators have announced that they hare taking steps to impose minimum requirements on appraisal management companies.
Services Help With ECOA Valuations Rule Compliance
A host of new and existing services are designed to help mortgage firms comply with a new appraisal rule. Meanwhile, appraisal management companies are teaming up with technology firms to offer enhanced services.