Improved Reviews, CU Addressed by Appraiser Firms
The latest innovations in the appraisal industry are intended to improve the appraisal review process and address the new Collateral Underwriter system. An appraisal management company out of New York is reporting brisk growth.
Over 70 Mortgage Events in Q1
During the first three months of this year, more than 70 mortgage-related conferences and other events are scheduled. Appraisals, commercial real estate and litigation are among the topics being covered.
Dramatic Shift Ahead for Appraisal Underwriting
A new technology being implemented on conventional agency loans is expected to have a major impact on the underwriting of appraisal reports.
Appraisal Fraud On the Decline
When it comes to mortgage fraud, inflated appraisals have become less of an issue thanks to appraisal regulation. But collusion among buyers and sellers is worsening.
Fannie QC Worksheet Looks at Appraisal Process
Areas addressed in a quality-control worksheet updated by the Federal National Mortgage Association include the appraisal process.
Share of Fraudulent Mortgage Applications Rises
As the volume of loan originations has diminished, so has the number of loan applications containing mortgage fraud. But the share of fraudulent applications has increased. Although states like Florida experienced a substantial increase in fraud risk, other states -- including the Grand Canyon State -- have seen a big improvement.
Canadian AMC Acquires US AMC
An appraisal management company out of Canada has taken an interest in an AMC in the United States with plans for a major American expansion.
The Mobile Mortgage Factor
Among companies to recently enhance their mobile offerings are a wholesale lender, a valuation technology firm and a mortgage insurance company.
Improved Valuation Service Offerings
Several service providers have stepped up their appraisal offerings, some though alliances with other service providers. One vendor recently picked up two new clients.