LRES, a national provider of commercial and residential valuations and asset management, announced it is now serving the retail lending division of California-based PennyMac Financial Services.
Read More »Appraisal Logistics Earns ISO Certification
Appraisal Logistics, a Maryland-based provider of compliant appraisal management solutions for the mortgage industry, announced it has received the ISO 9001:2008 Certification for Quality Management Systems Standards by LQRA, passing a formal evaluation created to examine quality management standards in the financial services industry.
Read More »PCV Murcor Launches ValuationsDirect Platform
PCV Murcor announced the launch of ValuationsDirect, an online appraisal ordering platform designed specifically for mortgage brokers and correspondents.
Read More »Platinum Data Rolls Out Three-Tier Scoring for RealView Solution
Platinum Data Solutions, a technology provider specializing in collateral evaluation and quality, has launched all-new upgraded scoring functionality for RealView, its configurable engine that processes and analyzes appraisals for compliance and completeness.
Read More »Axios Introduces Desktop Appraisal Technology
Axios Valuation Solutions, a Fort Worth-based compliant appraisal services provider, announced the release of Desktop Appraisal.
Read More »July Case-Shiller Indices Improve at Slower Pace
Home prices rose in July by less than 2 percent for the first time since March but still reached their highest level since August 2008, according to the Case-Shiller Home Price Indices released Tuesday. All 20 cities included in the survey improved both month-to-month and year-to-year. The two surveys have improved both monthly and yearly for 14 consecutive months.
Read More »Appraisal Institute Publishes New Update to Comprehensive Textbook
The Appraisal Institute announced the 14th edition of The Appraisal of Real Estate, the newest update to the profession's most comprehensive source of information for appraisers and other real estate professionals.
Read More »Axios Unveils Regulatory Review Program for Compliant Appraisals
In Fort Worth, Axios Valuation Solutions now offers a Regulatory Review Program in its suite of services.
Read More »OCC Deputy Stresses Importance of Multifaceted Risk Management
At an industry event held in Phoenix, Darrin Benhart, deputy comptroller for credit and market risk at the Office of the Comptroller of the Currency, described the changing face of risk management as the mortgage industry adapts to increased regulation. "As you well know, the list of mortgage-related reforms is extensive," Benhart said. "These reforms mean you will need an even greater emphasis on risk management techniques that not only look at credit risk but also encompass operational and compliance risk."
Read More »Case-Shiller Indices Near Five-Year High
Home prices rose to their highest levels in almost five years in May, increasing by a non-seasonally adjusted 2.5 percent, according to the Case-Shiller Home Price Indices released Tuesday. The 20-city index was up 12.2 percent from a year earlier, and the companion 10-city index was up 11.8 percent. For the month, the 10-city index rose 2.5 percent and the 20-city index was up 2.4 percent. The two surveys have improved month-over-month and year-over-year for 12 consecutive months.
Read More »