It’s Valentine’s Day – how many reasons can you think of to love your appraisal management company (AMC)? We all know that some appraisers and lenders dislike AMCs. Why? Many people view AMCs as an expensive intermediary, simply in existence due to...
Read moreReasons to Love Your Appraisal Management Company
February 14, 2017
It’s Valentine’s Day – how many reasons can you think of to love your appraisal management company (AMC)? We all know that some appraisers and lenders dislike AMCs. Why? Many people view AMCs as an expensive intermediary, simply in existence due to...
Read more
They can if the appraisal conforms to criteria recently outlined by Fannie Mae. Beginning December 10, 2016, lenders using Fannie Mae’s Collateral Underwriter® (CU™) tool will receive representation and warranty relief for the appraised value on properties with qualifying scores of 2.5 or...
It’s always difficult to predict what will happen next in the mortgage industry, but there is a consistent theme to what keeps mortgage lending and servicing executives awake at night — profitability and regulatory pressures. Unfortunately these two challenges are often at odds with each other, as...
