We read with interest a recent academic survey of mortgage brokers (published in European Business Journal in March 2015) on the perceived impact that appraisal management companies (AMCs) have on mortgage brokerage business. I’m sure you’re not surprised (we weren’t) to hear that mortgage brokers don’t like AMCs. Brokers in general believe that AMCs limit... Read more
iValueNet delivers a detailed interior property inspection at less cost to lenders
May 5, 2015
We are pleased to announce that our ValueNet division has officially launched a new interior property inspection solution – iValueNet. iValueNet is part of our market-leading ValueNet appraisal suite and is designed to give banks, credit unions and mortgage lenders an alternative to traditional, costly home appraisals. For the first time ever, lenders have a choice...
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What do Fannie Mae CU changes mean for you?
January 20, 2015
As of January 26, 2015, Fannie Mae is making its Collateral Underwriter tool (Fannie Mae CU) available to lenders and appraisal management companies, enabling them to take full advantage of this application for quality control and risk purposes. This action moves appraisal risk, data integrity, and overall appraisal quality from the back end of the...
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Don’t fall into the dodgy appraisal fray
December 2, 2014
In today’s Wall Street Journal, an article titled “Dodgy Home Appraisals Make a Comeback” was front page news and created quite a stir online. The article references statements made by the Office of the Comptroller of the Currency (OCC) dating back to September 2013, when it summarized the results of lender examinations conducted...
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