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Tag Archives: appraisal compliance

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

FHA EAD compliance – what you need to know

March 1, 2016

Appraisal Tip Small - Accurate GroupCompliance Alert: Beginning June 27, 2016, all FHA loans will require Electronic Appraisal Delivery (EAD) through the FHA’s EAD portal. The EAD portal is a web-based platform through which mortgagees, their authorized users and/or their designated third-party service providers (like Accurate... Read more

Why consider real estate appraisal outsourcing?

September 3, 2015

Many real estate lenders and mortgage servicers are still managing their own appraisal management function. As a result, adhering to regulatory compliance requirements has become a significant and expensive burden for these firms. In addition, the complexity of maintaining compliance is putting many firms in the risky position of being non-compliant. In fact, 75% of... Read more