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Erik Morin reflects on his return to the reverse mortgage appraisal space

Housing Wire

Erik Morin Certain changes on that front could change how appraisals look and how new data is implemented into the process, he said. I’ve been mostly focused on the present, which is building Atlas.” That’s on the horizon for probably the fall of next year,” he explained. “I’ve That trust was founded, Morin added.

Appraisal 447
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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

According to the administration, this gave mortgagees and their designated technology service providers time to make “necessary adjustments to their systems and processes, including onboarding activities.”. How increased regulation presents a huge opportunity for lenders. Presented by: iEmergent. Learn more here!

Appraisal 476
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.

Appraisal 397
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The New UAD: “Don’t Borrow Trouble.”

Appraisal Buzz

It reminds me to focus on the present and not jump to conclusions about future uncertainties. 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. The answer depends on software solutions to be developed.

Appraisal 363
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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Despite its roots in a methodology designed to support appraisers, Value.

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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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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).