The Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency have adopted a final rule increasing the FIRREA threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000, effective October 9, 2019.
Last month, the U.S. Department of the Treasury released a comprehensive report titled: “A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation.” The report touches on many sectors within the financial system – including the Mortgage Lending and Servicing sector. In its findings on Mortgage Lending and Servicing, a prominent theme is... Read more
Accurate Group is excited to partner with NewCastle Home Loans to offer Automated Appraisal Scheduling as a new loan system feature. NewCastle is a passionate mortgage lender with a tradition of providing superior customer service to homebuyers. As a third-party appraisal management provider, Accurate Group is supporting a seamless homebuyer transaction by accelerating the... Read more
At Accurate Group, our mission is to deliver both lender and borrower satisfaction, while at the same time improving loan cycle times. We continually enhance our technology and roll out new solutions to support this goal. On December 5, 2017 we announced our Guaranteed Purchase Appraisal Program, designed to help lenders better manage loan... Read more