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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

Compliance 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

2015 year-in-review technology update from the CIO of Accurate Group

February 23, 2016

“One damn thing after another!” This image was copied from a newspaper published in 1909 and subsequently quoted by Mark Twain, Winston Churchill, Eckard Tolle and others. It never changes.

onedamnthing

But one thing you should NOT have to deal with in 2016 is unresponsive vendors hamstrung by technology roadblocks. The beginning of each... Read more

Real estate appraisal alternatives to 1004 and 2055 appraisals

December 8, 2015

Social Media Appraisal Tip Green

Did you know there is a lower cost, faster alternative to a 1004 or 2055 drive-by appraisal on home equity and other portfolio mortgage loans over $250,000? ValueNet is not a limited valuation report... Read more