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Tag Archives: Appraisals

Veros’ Valuation Platform Ready for New GSE Appraisal Requirements

Veros announced Monday that its VeroSELECT valuation management platform now gives lenders the ability to order, manage, and electronically deliver appraisals in compliance with the new requirements mandated by Fannie Mae and Freddie Mac for the Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal (UCDP). These initiatives are part of the GSEs' program intended to standardize and drive data quality to benefit the entire mortgage industry.

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Valuation Partners Hires New VP and National Account Executive

Former First American and Chicago Title executive Dawn Svedberg has joined Valuation Partners, a Texas-headquartered national appraisal management company, as VP and national account executive. With more than 24 years of appraisal and mortgage industry experience, Svedberg is responsible for broadening the company's sales reach in the western United States.

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Federal Reserve and Other Agencies Release New Appraisal Guidelines

Federal regulatory agencies issued guidelines Thursday on sound practices by financial institutions for real estate appraisals and evaluations. The guidelines explain the agencies' minimum standards for appraisals and incorporate the agencies' recent supervisory issuances on appraisal practices. The 70-page document will replace the former guidelines which were written in 1994, and officials say it will ensure consistency in the application and enforcement of appraisal regulations.

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InHouse Hires Leadership for Appraiser Management Platform

InHouse Inc., a California-headquartered appraisal management company and provider of appraiser management technology for banks, lenders, credit unions, and other mortgage originators, has announced the addition of two new employees. Richard Heft is the company's new national operations manager, and Susan Anderson will serve as VP of sales for the Northeast region.

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Pro Teck Hires Industry Veteran for Senior Director Role

Pro Teck Valuation Services, a real estate valuation and risk solutions provider, has added Julia Davey to its team as senior national sales director. In her new role, Davey is responsible for developing client-specific valuation solutions for lenders, servicers, and investors from Pro Teck's West Coast office. Davey has 20-plus years of industry experience. Most recently she served as a national sales executive for Lender Processing Services.

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Factoring Company’s New Program to Assist Valuation Industry

Oxygen Funding, Inc., a factoring company based in California, recently launched a new service program focusing on the financing needs of real property appraisers. The company says appraisers have been experiencing problems in collecting money owed to them and maintaining a healthy balance of cash flow because banks are holding on to money longer. Oxygen Funding purchases appraisers' outstanding invoices to give them the capital they need immediately to continue operating, less a service fee.

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Valuation Companies Release New Land Appraisal Product

Kirchmeyer & Associates and its sister company, Real Info, recently partnered with Valligent to release a new collateral valuation product for appraising vacant residential land. The new solution, ParcelView, is intended to replace or enhance a lender's valuation tools for residential land collateral assessment and is expected to save lenders up to 50 percent compared to traditional land appraisals.

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GSEs Release Appraiser Independence Rules to Replace HVCC

The industry has long been awaiting a replacement for the Home Valuation Code of Conduct (HVCC). On Friday, Fannie Mae and Freddie Mac issued new Appraiser Independence Requirements to supplant the controversial HVCC, but both GSEs say the new appraiser rules, effective immediately, ""make no significant changes to core principles of the HVCC."" Fannie and Freddie say they will continue to review the appraisal rules to address issues relating to conflicts of interests and fee disclosure by appraisal management companies.

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Mortgage Contracting Services Launches Photo Inspection Capability

Mortgage Contracting Services LLC (MCS), a nationwide provider of property preservation, inspections and REO property maintenance, is now providing photo inspection services to supplement the traditional data required for valuations, proof of property condition, and other verification reporting.

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TAZA Corp Launches TAZA360 for Distressed Property Evaluations

TAZA Corp has announced the launch of TAZA360, a new platform that provides a virtual portal to manage, market, and track expenses and closing processes of residential and commercial developments. The company says the technology will bring a new level of evaluation management to real estate by providing independent investors, asset management companies, broker-price opinion (BPO) mills, and others in the industry an online platform and network of agents to process evaluations.

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