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AppraiserLoft Blog I Appraisal Industry News |
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Recent PostsBlogrollUncategorized« Previous EntriesLeading Reverse Mortgage Wholesale Lenders utilize AppraiserLoft for Appraisal ServicesWednesday, April 14th, 2010Eight of the top ten Reverse Mortgage Wholesale Lenders use AppraiserLoft as a preferred appraisal management company. Vermont Backs Appraisal IndependenceFriday, June 12th, 2009Vermont is the latest state to pass a law ensuring the independence of appraisals. Read on for the details. Survey shows most, but not all, lenders confident of meeting HVCCThursday, April 2nd, 2009A new survey shows lenders are confident of having their systems compliant with the HVCC in time for the May 1 deadline, although few have actually finished their system upgrades – yet. Read on for the full survey details. (4/2/2009) With just one month to go, U.S. mortgage lenders are confident that their systems will be [...] NAMB’s Strategic Withdrawal of Legal Action Against FHFAThursday, April 2nd, 2009McLean, Virginia, April 2, 2009 – In February 2009, the National Association of Mortgage Brokers (NAMB) filed suit against the Federal Housing Finance Administration (FHFA) to block implementation of the Home Valuation Code of Conduct (HVCC), which will inhibit competition among mortgage originators and increase the cost of mortgages to consumers. NAMB’s suit asserted [...] Indiana prohibits improper influence of appraisersThursday, April 2nd, 2009Indiana becomes the latest state to outlaw the improper influence of appraisers, making any offense a Class A misdemeanor. Read on for the full details. (3/31/2009) In response to the growing rise of appraisal fraud many states have passed legislation prohibiting the improper influence of appraisers. Indiana is the latest state to pass such a law. HB1176, [...] Utah, Arkansas Governors Sign Nation’s First AMC LawsWednesday, April 1st, 2009Earlier this week, the governors of Utah and Arkansas signed the nation’s first laws that will bring appraisal management companies under the regulatory oversight of their state’s real estate appraiser boards. In addition to the registration requirements, the new Utah and Arkansas laws, which are effective on May 12, 2009 and January 1, 2010 [...] Fannie, Freddie Release Updated FAQs on HVCCWednesday, April 1st, 2009On March 31, Fannie Mae and Freddie Mac released an updated Frequently Asked Questions regarding the Home Valuation Code of Conduct that is set to take effect May 1, 2009. Highlights of the FAQ include sections regarding mortgage broker initiation of the appraisal process, quality control, and loan production staff training. In its FAQs, [...] Home Valuation Code of Conduct Q & A (Freddie Mac)Wednesday, April 1st, 2009The Code What loans are impacted by the Code? Indiana is latest state to outlaw appraiser influenceWednesday, April 1st, 2009Indiana is the latest state to outlaw any influence on a real estate appraiser. This legal update continues the trend of states taking action to create a fair and just system. We’ve lacked many checks and balances over the last ten years, and it’s haunting us each and every day. This new [...] Ellie Mae’s New HVCC-Compliant Appraisal Services Provide Fast and Easy Way to Achieve Compliance With New GuidelinesWednesday, April 1st, 2009New Home Valuation Code of Conduct regulations in effect on May 1, 2009, require mortgage professionals to change the way they do business with appraisers |
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