Fannie Mae’s Value Acceptance + Property Data Overview You’ve heard of this program, but you may not have had time to look into the details. This article is intended to provide you with a quick overview and connect you with the resources for a deeper dive: 1. What Is the Program?2. Which Loans Are Eligible?3. …
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How lenders can combat appraisal bias by Ashley Jelinek, Chief Operating Officer. April, 2023.Appraisal bias represents a significant source of regulatory, legal, and reputational risk to every mortgage lender. Here are the steps lenders can take to ensure their borrowers are getting fair and unbiased appraisals, and to protect themselves from the negative consequences of …
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CSS Talks Appraisal Management With Valley Bank’s Director of First Mortgage Operations How would you describe your experience working with CSS? “When you’re trying to work with a partner on the AMC side who’s supposed to be working with the appraiser, the last thing you want is a game of operator. I think the best …
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Hybrid Appraisals: A Viable Alternative to Traditional Appraisals? by William Janke. March 30, 2022 Hybrid appraisals have become more prevalent and accepted by the lending industry as an alternative to traditional appraisals. Benefits to lenders and consumers include quicker turn times and reduced cost. So, what exactly are hybrid appraisals, and why are they …
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Home Savings Case Study Founded in 1889, Home Savings & Loan (HSL), now known as Premier Bank, has always been committed to developing long-standing relationships with local residents and businesses by providing a full range of retail and commercial banking products and services to exceed expectations. For HSL, managing two separate locations — and processes …
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The Advantage AVM Cascade solution ensures that the best possible AVMs are always in the lead positions of your cascades, guaranteeing the highest hit rates and accuracy rates. To a home equity lender, each AVM used to determine the value of a home equates to one less appraisal needed. By decreasing the number of loans …
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They say, ‘Necessity is the mother of invention.’ Truer words have never been spoken when it comes to how the mortgage industry has been flipped to respond to the COVID-19 pandemic. Talk about a perfect storm, lowest mortgage rates in recorded history driving highest home refinancing volumes ever, with one MAJOR problem – national level …
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