Tag Archives: desktop valuations

Appraisal Threshold Increase Passes

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 Yours

How do you want to leverage technology now that you have access to a... Read more

Appraisal Threshold Increase Likely – 2 out of 3 Agencies Vote Yes

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

Top 3 Home Equity Lending Takeaways from CBA LIVE 2019

This year marked the centennial for the Consumers Bankers Association and 10 years of CBA LIVE! Once again the conference drew record attendance. The big question dominating the conference was what attendees believed to be the #1 issue NOW for banks. The answer – implementing technology. Retaining talent and mitigating fraud were also on the... Read more

The FIRREA Appraisal Threshold Debate: Are You Ready?

As regulators work toward a decision on whether to increase the threshold for residential real-estate transactions requiring an appraisal from $250,000 to $400,000, many lenders and appraisers alike are wondering whether they are prepared, whatever happens. For lenders, a higher threshold will offer more flexibility on the type of appraisal products they use. They stand to... Read more