On January 22, 2015, the Consumer Financial Protection Bureau (CFPB) took significant RESPA enforcement action against two of the nation’s largest banks for alleged illegal kickbacks paid to loan officers or underwriters who selected title suppliers. Are you still allowing loan officers to select their preferred title or closing agent?
If so, why? Don’t take this...
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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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Accurate Group wins two awards for growth in real estate lending solutions
October 7, 2014
We are pleased to announce that Accurate Group has been recognized by two publications – Housing Wire and Inc. – for its continued growth and innovation in providing real estate appraisal, title and compliance solutions.
Last week, Housing Wire ranked Accurate Group 47th on...
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