Secondary Market

Real estate appraisers are quietly disappearing in the mortgage industry as less young careerists are opting to enter this field, which could in turn, pose serious risks for both lenders and consumers such as added costs and lengthy real estate delivery times.

LRES, a national REO and appraisal management company offering property valuations, asset management, HOA and technology solutions for the mortgage industry, announced that the company has hired Mike Rasooli as its Chief Technology Officer (CTO).

Stewart Title and zipLogix, a forms software provider and partner to the National Association of REALTORS, announced today that a strategic partnership to offer REALTORS a point of sale for title and escrow services from within zipForm will take place.

The Compliance Group, Inc., (TCG), a mortgage compliance and quality control services provider, has announced the hiring of Michelle Doyle as its new Director of Quality Control. Based in Carlsbad, California, TCG focuses on the compliance success of its clients, assisting financial institutions in mitigating risk and losses with its proprietary, patent-pending technology, and its core business solutions of compliance, quality control, and licensing.

Global DMS, a provider of web-based compliant valuation management software, announced that it has hired Mac Chiles as EVP of sales. In this role, he will be responsible for managing the company’s sales and business development functions for its eTrac Enterprise valuation management platform and ancillary solutions.

The gap between homeowner and appraisal values of homes narrowed slightly again in October, as appraisers' values were 1.98 percent under homeowner opinions.

The data, which examined 55 of the largest metro areas across the country to determine the best markets for single-family home investors looking at median price, average gross rental yields, year-over-year job growth, and home affordability, showed that the top investment market is Charlotte, North Carolina due to its strong job growth.

Dart Appraisal, an independently-owned, nationwide appraisal management company, recently promoted Tracey Volltrauer from Vendor Manager to Director of Compliance. She is also now a member of the Dart Executive Team.

WFG National Title Insurance Company has named Thomas Klein, Esq. to continue the company’s growth and momentum by overseeing its relationships with the nation’s largest independent title agencies. He will now serve as SVP overseeing the company’s National Agency Division.

Alliant National Title Insurance Company, a title insurance underwriter that partners with Independent Agents to improve their competitive position in the marketplace, announces the promotion of Margaret Cook to deputy general counsel and SVP.