Lender Penalized for Denying Loan on Indian Reservation Property
A residential lender that denied a Native American couple's loan request because their property is on an Indian reservation ended up settling with the couple.
Technology Enhances Appraisal Services
Several appraisal service providers have either stepped up their own technology or aligned with other mortgage technology providers to improve their valuation service offerings.
Appraisal Service Providers Team Up
Several valuation firms have joined forces to improve client product offerings. One service provider is supporting trade groups, and individuals at two other firms have been recognized for achievements.
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.