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Disaster recovery for mortgage servicers: Navigating crisis with compliance & resilience

Housing Wire

Coordinating property inspections and updated valuations helps maintain collateral value, protecting long-term investment integrity. Leaders in servicing are continually investing in automation, advanced training and real-time data tracking to ensure accuracy and responsiveness.

Mortgage 351
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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Much like lawyers needing to take a separate bar exam in each state they wish to practice in, real estate agents’ training and licensing requirements vary by state. This course covers real estate law, contracts, finance and ethics. They oversee all real estate activities and ensure compliance with state laws and regulations.

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The Digital Transformation of Appraisal Data

Appraisal Buzz

This is the little-known Law of Amara that describes how we perceive the impact of new technology on our lives. A lot has changed over the last two decades, but appraisal data and more specifically, appraisal inspections have remained unchanged. This is the digital transformation of the appraiser’s inspection data.

Appraisal 482
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Consumer advocate says policy changes are needed to help FHA buyers compete

Housing Wire

These anti-discrimination statutes make it illegal to refuse to rent, sell or lease housing because of a lawful source of income being provided. The report calls on more states and cities to pass “source of income” or “source of financing” anti-discrimination statutes and enforce them to protect homebuyers. ”

Buyers 476
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Most good things change, and most change is good!

Appraisal Buzz

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). There are also the economics of training new appraisers and the numerous and disparate state laws and lender prohibitions. What am I talking about?

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FNMA Property Data Collectors Program Violates WV Law

Appraiserblogs

The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rendered as to its value nor any fee charged for such an inspection.

Law 140