twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Appraisal News | AMC Directory
Appraisal industry news coverage, including stories about independence requirements, AVMs and appraiser fraud.


AMC Acquisitions, Partnerships and Expansions

Recent appraisal services activity

June 6, 2017

By SAM GARCIA Mortgage Daily



portrait of Sam Garcia

In the valuation industry, an appraisal management company has been acquired, while several AMCs have partnered to create a bigger firm. Other AMCs have enhanced their offerings.

The biggest news of the day is CoreLogic Inc.'s announcement Tuesday that it has reached an agreement to acquire Mercury Network from Serent Capital.

Irvine, California-based CoreLogic noted that it has already acquired a 45 percent passive minority stake in Mercury and plans to purchase the remaining portion this year.

Oklahoma City-based Mercury provides software that it utilized by 800 small and mid-sized mortgage lenders and appraisal management companies.

A white paper from LRES entitled Effective Communication with Lenders to Alleviate Problems Caused by Appraisal Shortages addresses how a lender's relationship with real estate service providers will be impacted by the severe appraisal shortages.

"The appraisal industry is currently suffering as it works to overcome challenges that are preventing new professionals from entering into the business, and the entire lending cycle is suffering delays as a result," LRES founder and Chief Executive Officer Roger Beane said in the statement. "This white paper outlines ways to overcome these challenges and how effective communication greatly mitigates the risk of losing business."

A partnership was formed earlier this year between five AMCs to create Valucentric LLC. The company provides a full range of valuation services in 15 states and the District of Columbia. Existing clients of the partners won't have to make any changes in order to do business with the partnership.

Valucentric's founding partners are The Trice Group, Real Valuation Services, Chicago Appraisal Center, JSG Real Estate Services and Global Real Property Solutions. The addition of partners in more states is currently in the works.

A recent announcement from Dart Appraisal indicated that its new Value Report provides an on-demand valuation, risk assessment and market data for a single property or entire portfolios. It provides the property's sales history and ranks the home against the 10-closest comparables. It also gives the lender an understanding of the local market and a three-year value forecast.

Dart created the report in collaboration with HouseCanary in order to address lender demand for more accurate, streamlined valuation products.

A news release Tuesday indicated that Ditech Financial LLC has approved Troy, Michigan-based Dart as an AMC.

Pendo recently announced the launch of an automated Uniform Standards of Professional Appraisal Practice Standard 3 compliance tool. The AMC said the tool allows an appraiser to view the original appraisal,review form and supporting market data all in one view. It also tracks the number of appraisals completed in each state and provides an alert when it is time to complete more reviews to meet state AMC requirements.

Lee Summit, Missouri-based Pendo additionally developed an appraiser recruiting tool to find, track and engage appraisers for traditionally difficult assignments involving unique properties and properties in high-demand or sparsely populated areas.

Appraisal management software provider InHouseUSA has selected ACI Sky for appraisal delivery and review, a recent statement said.


Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

e-mail:
[email protected]


Mortgage Technology news
Technology news for originators, executives and servicers. Coverage of LOS systems, loan product and p r i c i n g engines and other technology offered to the mortgage industry.


Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.


The Mortgage Graveyard
Failed, closed and a c q u i r e d mortgage-related entities.



Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders