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Lenders discuss what Collateral Underwriter really means for appraisers
Posted Date: Monday, January 26, 2015
The Jan. 26 arrival of Fannie Mae’s Collateral Underwriter has many residential appraisers concerned about what the widespread adoption of the appraisal risk management tool might mean for the industry. A pair of senior vice presidents in charge of their respective bank’s appraisal divisions talked with Valuation Review about the changes appraisers can expect from CU.
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Early adopters of Collateral Underwriter give review tool a thumbs up
Posted Date: Wednesday, January 21, 2015
There has been no shortage of debate on what impact the Jan. 26 industry-wide rollout of Fannie Mae’s Collateral Underwriter will have on everyone involved in the appraisal process, and although the jury will remain out until CU formally is introduced, early adopters of Fannie’s technology have come out in support of the software.
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The Appraisal Foundation seeks board of trustee candidates
Posted Date: Tuesday, January 20, 2015
The Appraisal Foundation announced Jan. 15 that it is searching for qualified candidates to serve on its board of trustees. The foundation is looking to fill four at-large trustee seats. Read on to see what qualifications the foundation is looking for in its candidates and for information on how to apply.
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Appraisal Practices Board commences search for candidates
Posted Date: Wednesday, January 21, 2015
The Appraisal Foundation announced Jan. 20 that it has commenced its annual search for qualified candidates to serve on the Appraisal Practices Board. Keep reading to see what qualifications the APB is looking for in its candidates.
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New CE course to offer insight on comps
Posted Date: Wednesday, January 21, 2015
The Alliance for Valuation Education, an organization created through the collaborative effort of 13 valuation organizations to develop educational materials, announced it has released its first continuing education seminar to help appraisers determine what is and is not a suitable comp. Keep reading for the course details.
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Valuation provider names new executive
Posted Date: Thursday, January 15, 2015
A national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union and real estate industries announced Jan. 6 that it has named a new vice president, national sales manager. Keep reading to learn about the hire.
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Company announces acquisition of AMC
Posted Date: Monday, January 26, 2015
A national provider of residential and commercial valuations announced that it has acquired an Oklahoma-based residential real estate appraisal management company. Keep reading to see which two companies are involved.
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New study shows the value PV systems add to homes
Posted Date: Thursday, January 15, 2015
The U.S. Department of Energy’s Lawrence Berkeley National Laboratory has released the findings of its 11-year study on the value that host-owned solar photovoltaic (PV) systems add to homes. The results show that homebuyers are willing to pay more for homes with PV systems regardless of state, housing and PV market, and housing type. Keep reading for the results.
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Value of agricultural land dips
Posted Date: Tuesday, January 20, 2015
The value of farmland has either fallen or remained stagnant year-over-year in most parts of the country, according to a new study. Keep reading to see why.
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Castro calls 2015 ‘a year of housing opportunity’
Posted Date: Monday, January 26, 2015
A day after President Barack Obama outlined the direction of the country in his State of the Union address, Housing and Urban Development Secretary Julian Castro took time Jan. 21 to give his thoughts and address questions via social media on the state of the housing market in a “fireside chat.” Keep reading to see why Castro called 2015 “a year of housing opportunity.”
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Bill would free appraisers from obligation of taking photos
Posted Date: Monday, January 26, 2015
A new bill has been introduced that would free Connecticut appraisers from the obligation of taking photographs of comparable properties in the event the properties in question are in a dangerous neighborhood or are blighted.
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NY attorney general won’t stop pursuit of fraud
Posted Date: Tuesday, January 20, 2015
Just because many of the big financial players who contributed to the Great Recession by selling substandard mortgage-backed securities already have faced the music in court, doesn’t mean that there are no other bad actors to pursue. That’s the message of New York Attorney General Eric Schneiderman, who still is looking to pursue fraud cases against irresponsible banks.
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Bank, appraisal company look to shoot down fraud allegations
Posted Date: Wednesday, January 21, 2015
A bank and appraisal company took to court earlier this month to snuff out a punitive class-action lawsuit centered around alleged faulty appraisals performed in the run up to the financial crisis. Keep reading for the details.
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Future of housing ‘not pipe dream anymore’
Posted Date: Thursday, January 15, 2015
“When was the last time you updated the software on your drier?” isn’t a question homeowners have had to contend with in the past, but thanks to the smart appliance revolution on the horizon, it might be, as soon as this year.
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Free appraisal review tool to help appraisers screen for CU issues
Posted Date: Monday, January 26, 2015
Starting Jan. 26, a free appraisal review tool will help appraisers automatically screen their reports for Collateral Underwriter’s findings (including 17 of its 21 hard stops) prior to submission. Continue reading for product details.
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Leading appraisal technology providers team up
Posted Date: Tuesday, January 20, 2015
Two of the leading appraisal technology providers have announced an agreement to integrate their proprietary software to help lenders and AMCs enhance their appraisal quality control. Continue reading to learn about the partnership.
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Thirty-year vet joins analytics giant
Posted Date: Monday, January 26, 2015
A provider of real estate analytics announced Jan. 22 that a 30-year industry veteran has joined the company as senior vice president of data products. The new hire has been tasked with designing and building data-based products that will serve a multitude of verticals such as direct marketing, real estate, insurance, value-added resellers and more.
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Wells Fargo, JPMorgan Chase cited by CFPB for illegal kickbacks
Posted Date: Thursday, January 22, 2015
The Consumer Financial Protection Bureau and the Maryland Attorney General announced actions against Wells Fargo and JPMorgan Chase for engaging in illegal marketing services with a now-defunct title company, Genuine Title. In addition to the banks, the bureau and Maryland took action against a former Wells Fargo employee and his wife for their involvement. In all, the penalties for the enforcement total more than $35 million.
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AMC prepares for unveiling of CU
Posted Date: Wednesday, January 21, 2015
A provider of real estate appraisal, title and compliance services announced Jan. 21 that it’s enhancing its appraisal processes and providing more comprehensive training and certification for its appraisal review team in preparation of Fannie Mae’s launch of Collateral Underwriter. Continue reading to see what the company has in store to meet the industry’s new demands.
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Expect housing to take step in right direction in 2015
Posted Date: Tuesday, January 20, 2015
The U.S. housing market is expected to continue to move in the right direction in 2015, according to one housing forecast. Keep reading to see why things are looking up in the New Year.
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Ellie Mae announces new CEO
Posted Date: Thursday, January 15, 2015
Ellie Mae announced Jan. 5 that its board of directors has appointed a new CEO for the first time since the company was founded in 1997. Continue reading to see who is slated to take over the software solutions provider.
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Valuation services provider names new vice president
Posted Date: Thursday, January 15, 2015
A nationwide provider of customized residential and commercial collateral valuation products and services announced the promotion of an industry veteran to the role of vice president of sales and marketing. Keep reading for the details.
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