With home values going up and rates staying low, the coming year will present a great opportunity for growing your home equity business. To maximize the profitability of new home equity loans, consider re-thinking the traditional approach to property appraisals.
2055 and 1004 appraisals have been around for years and have traditionally been the only options...
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Don’t throw AMCs under the bus
June 11, 2015
We read with interest a recent academic survey of mortgage brokers (published in European Business Journal in March 2015) on the perceived impact that appraisal management companies (AMCs) have on mortgage brokerage business. I’m sure you’re not surprised (we weren’t) to hear that mortgage brokers don’t like AMCs. Brokers in general believe that AMCs limit... Read more
iValueNet delivers a detailed interior property inspection at less cost to lenders
May 5, 2015
We are pleased to announce that our ValueNet division has officially launched a new interior property inspection solution – iValueNet. iValueNet is part of our market-leading ValueNet appraisal suite and is designed to give banks, credit unions and mortgage lenders an alternative to traditional, costly home appraisals. For the first time ever, lenders have a choice...
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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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