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CoreLogic VP of Collateral Solutions Jacquie Doty talks GSEs, UAD and appraisal improvement
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Appraisers have a lot to keep up with. The valuation industry is an evolving landscape of rules, regulations, new technology and changing business models. And then there are the government-sponsored enterprises Fannie Mae and Freddie Mac, who have their own rules, regulations and technology. The government-sponsored enterprises’ (GSE) mortgage putback rules are complicated and consequential. Many might think repurchase requests based on the appraisal are due to under or overvaluation, when in reality they are primarily due to the comps selected. Valuation Review reached out to Jacquie Doty, vice president of Collateral Solutions for CoreLogic, on the impact of the GSE mortgage put-back rules to find out how increased appraisal transparency might help the issue.
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