Debunking AMC Myths: Part 2

We hope you enjoyed our last debunked myth about the quality of appraisals. Next in our AMC myth series is the issue of timeliness. Read below for insight into the misconception of turnaround times and how we customize our processes to fulfill orders and our clients’ needs in a timely fashion. Myth: AMCs have slow Read More

Debunking AMC Myths: Part 1

When it comes to the services AMCs provide, there are a few common misconceptions. You may think they simply rotate appraisers or only complete the most basic tasks to deliver a report. However, that’s not the case when you partner with an AMC that not only has a deep understanding of the industry and regulations, Read More

Houston Home Values Are on the Rise.

While we’ve already seen proof of Houston’s housing market standing its ground as far as sales and new construction, home values are increasing in 25 Houston neighborhoods. With the value increase comes a price increase. According to Zillow Inc.’s monthly housing report, Houston home prices in May increased 7.7% year over year. This article by Read More

Making TRID Clear as a Bell.

As of July 21, the Consumer Financial Protection Bureau (CFPB) officially extended TRID’s effective date until October 3, 2015. The CFPB released a statement saying, “The bureau believes that moving the effective date may benefit both industry and consumers with a smoother transition to the new rule. The bureau further believes that scheduling the effective Read More

Houston’s Housing Market Stands Its Ground.

With the drop in oil prices, there’s been speculation about the potentially negative effects on Houston’s housing market. Most expected the market to slow down drastically, while others expected a slower decline. Still, others were optimistic that the short-term effects of the oil prices wouldn’t affect the housing market to that degree since the two Read More

Making Heads or Tails of CU.

It’s been a few months since Fannie Mae released Collateral Underwriter (CU) to provide automated risk assessments of appraisal reports, and as we predicted, the impacts aren’t as severe as they were expected to be. Like any new process, though, there are a few learning curves along the way, but they’re small and easily manageable. Read More

Putting a Value to Appraisers.

Appraisals are arguably the most important piece of a real estate transaction, and home buyers aren’t the only ones who have a lot riding on them. As a lender, you feel the pressure of wanting the most accurate appraisal, so it’s no wonder you value working solely with highly qualified appraisers. When you work with Read More

From Last to First.

After a few years spent watching from the sidelines, first-time home buyers are making a comeback in the housing market. Redfin, a national real estate brokerage, confirmed that first-time buyers accounted for 57% of its recent home tours, which is the highest rate seen in the last few years. This increase is mostly due to Read More

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