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Implementation deadline for appraisal review policy pushed to Oct. 31

Housing Wire

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct.

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The New UAD: “Don’t Borrow Trouble.”

Appraisal Buzz

Fannie Mae and Freddie Mac are not designing the software for the future, but they have provided the specification for the Uniform Appraisal Data set (UAD) they want to receive. It is up to appraisal software companies to develop solutions to provide this specific data set. at the very beginning.

Appraisal 363
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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. Becky Jones sat on the Legislative steering committee at NYSAR and informed them about the bill. This new law only applies to appraisals ordered through AMCs (which control an estimated 80% of U.S.

Law 367
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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. One of the most common types of reverse mortgages is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA).

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The Appraisal World is changing, as is UAD and the URAR

McKissock

There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.

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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

Serving as a nod to this reality, appraiser independence rules give mortgage lenders the ability to request that an appraiser: Consider additional, appropriate property information, including information regarding additional comparable properties to make or support an appraisal.

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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

Serving as a nod to this reality, appraiser independence rules give mortgage lenders the ability to request that an appraiser: Consider additional, appropriate property information, including information regarding additional comparable properties to make or support an appraisal.