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Tag Archives: compliance

Credit Report Reliability is About to Change

May 30, 2017

Beginning on July 1, 2017 the nation’s 3 largest credit bureaus will implement a reporting change that will significantly reduce the amount of tax-lien and civil-judgement information reported within consumer credit reports. This change, which was implemented under the National Consumer Assistance Plan (NCAP), will result in the elimination of the above reported items if consumers ... Read more

10 Tips to Save Money on Appraisals

February 28, 2017

10 Tips to Save Money on Appraisals
Social Media Appraisal Tip Green   With mortgage rates rising and loan volumes likely to decline as a result, it's more important than ever to find ways to lower your cost per loan and squeeze out inefficiencies across the mortgage and home equity loan process. To... Read more

Can appraisals shield lenders from buybacks?

November 15, 2016

Can appraisals shield lenders from buybacks?
Social Media Appraisal Tip Green 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... Read more