Industry leaders gathered recently at the 13th annual CBA LIVE for three days of discussion on challenges, trends and innovations impacting home equity lending. With home values continuing to skyrocket, modernization continues to be key in gaining market share.
Below we highlight three important takeaways from this year’s conference that we expect to make an impact...
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Desktop Appraisals Are Here to Stay – FHFA Announces
November 9, 2021
Are you keeping up with the digital mortgage industry?
Big news came on desktop appraisals came out of the 2021 Mortgage Bankers Association Annual Convention and Expo. Sandra Thompson, acting director of the FHFA, announced Fannie Mae and Freddie Mac will permanently allow desktop appraisals to be conducted remotely. Desktop appraisals and hybrid appraisals (desktop +... Read moreInter Agencies Interim Rule on Deferring Appraisals…and Why You Shouldn’t!
April 17, 2020
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 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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