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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The original appraisal waiver solutions were launched in August 2017.

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ESSA Bank to pay $3M to settle DOJ’s redlining allegations

Housing Wire

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. Under a consent order still subject to court approval, ESSA has agreed to invest $2.92

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Orchard raises $69M in Revolution-led Series C

Housing Wire

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. When something is seamlessly designed into the experience, you’re more likely to use it,” he said. Register for the FinLedger Daily Newsletter.

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Solving for fraud, biometrics are the future of mortgage

Housing Wire

Some may argue whether today’s technology is that much better than the tools we used in the past, particularly in the servicing business where many still use platforms designed and first built decades ago. payment amount in 2017?” Better, faster, cheaper has long been the promise of technology in the mortgage industry.

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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Senate Bill S9080 was introduced two years ago during the 2017-2018 legislative session, signed into law on December 27, 2018 and became effective today. But I'm no lawyer so I'll look for clarification on their logic.

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The appraisal industry’s hidden hand

Housing Wire

A variation of the conduct code was inserted into the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, and the modern AMC was off and running. But he repeatedly surfaces as the designated mouthpiece for AMCs. Soon, AMCs went from being involved in 10% of all appraisals to 90%,” Miller said. “It

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Modern House Flipping Software: 8 Innovative Tools You Need

Listing Spark

of US home sales in 2017, that number grew to 8.4% Consider the following three ways that modern house-flipping software can help both beginner and experienced flippers. Start by looking for these eight types of modern house-flipping software. While house flips represented just 5.7%

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