In its 2018 study, J.D. Power predicts a boom in HELOCs, stating the number of consumers taking out a home equity line of credit will double to 10 million in the next five years.
Are you prepared?
According to its recent new study – J.D. Power 2018 U.S. Home Equity Line of Credit Satisfaction StudySM –...
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A Safer Alternative to BPOs?
September 5, 2017
Broker Price Opinions (BPOs) can be risky due to improper record keeping, lack of consistent standards and compliance regulations that differ from state to state. These issues can leave lenders using BPOs vulnerable to scrutiny. But with the cost of...
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10 Tips to Save Money on Appraisals
February 28, 2017
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...
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Be proactive for 2016 – the potential risk of non-appraiser evaluations
January 26, 2016
The use of non-appraiser evaluations or “desktops” is under scrutiny at the state level, with some states requiring, or moving toward requiring, a licensed or certified appraiser to prepare any desktop valuation.
As one example, here is a link to the...
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