If 2020 has a theme, implementation of technology to enhance day-to-day operations would be it and as long-time proponents of embracing technology, we think it’s not only critical but imperative for long-term growth and to remain competitive in today’s marketplace. This year CBA LIVE was no exception, hosting their first ever virtual conference and while there... Read more
Don't Defer Appraisals or Valuations to Tomorrow! They Can Still Be Done in Today's Market!On April 14th, the federal banking agencies issued a final interim rule allowing lenders to defer appraisals. But why take unnecessary risk during this crisis by deferring appraisals when Accurate Group has a solution for any inspection assignment?
The best solution, under current... Read more
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.
The Choice is YoursHow do you want to leverage technology now that you have access to a... Read more
The FDIC and Office of the Comptroller of the Currency have decided to increase the FIRREA threshold for residential real-estate transactions requiring an appraisal from $250,000 to $400,000. If the Board of Governors of the Federal Reserve also votes to increase as expected, lenders will have access to a new suite of valuations available for loans... Read more