Tag Archives: Appraisals

As home values have made a rapid ascent in the past few years, those on the sales side point to lagging appraisal models as a major hurdle to finalizing transactions. In a newly released report, however, FNC maintains that despite anecdotal reports, "there is no strong evidence that low appraisal valuations contributed to mortgages falling through."

In response to the housing market's increasing demand for appraisal management companies (AMCs) and the growth of its own client base, California-based valuations firm LRES is expanding its sales division, the company announced.

Platinum Data Solutions, a California-based collateral evaluation and technology provider for the mortgage industry, announced the addition of a new comparison feature to its flagship appraisal quality platform, RealView.

California's Platinum Data Solutions and Pennsylvania's Global DMS have come together to create a faster and easier way for valuation professionals to access appraisal quality and compliance analytics.

PCV Murcor, a California-based real estate valuations provider for lenders, servicers, brokers, and insurers, is now offering its compliant appraisal delivery through Calyx Software's Point loan origination system (LOS), the company announced.

In Pennsylvania, Global DMS announced that national mortgage lender PrimeLending has successfully implemented the software provider's eTrac valuation platform.

In the midst of trying to maintain workflow with a smaller staff, there remains an increasing focus on effective appraisal analysis. Regulatory requirements, investor demands, corporate management, and now disclosure to the borrower have elevated the collateral analysis to the same level of scrutiny as financial analysis. Fortunately, great progress has been made in automated tools and services for appraisal analysis.

In response to recent catastrophic weather conditions in Arkansas and other parts of the Midwest and South, a la mode’s Mercury Network will waive transaction fees for all disaster reports in impacted areas for 90 days, the technology vendor announced.

In an interview with host Louis Amaya for "Mortgage Markets Today," LRES founder and CEO Roger Beane asserted that even though there have been many changes in the real estate and mortgage banking industry, appraisers will always be in demand: "Our customers have told us they are still very interested in having the signature from a licensed appraiser attesting to the value."

Collateral Risk Solutions (CRS), a specialist in value assurance since 2001, announced the launch of its new Desktop Evaluation service as a response to demand for a reliable and economic alternative to field appraisals.