Lender, AMC Settle With CFPB
A national home lender is accused of using bait-and-switch tactics, overcharging prospective borrowers for services provided by its appraisal management company and not disclosing third-party affiliation.
Property Valuation Fraud Risk Soars
Although the overall risk of mortgage fraud has changed little, a troublesome rise has been reported for the risk of valuation fraud.
Real Estate Appraisal Service Enhancements
A set of reports aims to inform mortgage lenders about complying with recently implemented rules, requirements and regulations. New appraisal services and enhanced versions of existing services promise to improve the valuation process.
The Home Valuation Update
Announcements issued on Monday highlight how mortgage firms will benefit from activity happening in the world of valuation.
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.