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 FIRREA Appraisal Threshold Debate: Are You Ready?
February 5, 2019
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...
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Accurate Group Partners with NewCastle Home Loans
June 6, 2018
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...
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Increasing Customer Satisfaction – Scheduling Appraisals is Just a Click Away!
April 10, 2018
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...
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