Axis Appraisal Management Solutions has announced that it has entered into a letter of intent with Zaio Corporation in which Zaio would acquire Axis, subject to due diligence to be completed by April 15. Zaio provides customers in the property valuation, underwriting and lending industries with real-time access to certified appraisal reports from the company's patented database of proactively maintained residential property valuations prepared by licensed appraisers across the U.S.Click to continue
Question: May I deliver an appraisal and other valuations to the applicant(s) via e-mail, thereby reducing the waiting period required prior to closing?
Answer: In order to provide an answer to this question, many issues need to be discussed.
By now, everyone in the mortgage industry should be aware of the new ECOA Valuations Rule which applies to all applications received on or after Jan. 18, 2014. Click to continue
Whether you’re new to real estate or a battle-hardened professional, you likely know that there’s an opportunity to make money working with distressed properties. If you have the skills and/or nerve to take on these kind of properties, you may be able to turn a profit in this sector as an investor, agent, appraiser, lender, or through some other angle.Click to continue
ValuTrac Software has announced an integration with LendingQB which will allow LendingQB customers to seamlessly and effectively facilitate appraisals from within LendingQB. This system to system integration will also allow for the automated delivery of completed appraisal reports and other documents back into LendingQB. Removing manual steps in this process will minimize risk and increase operational efficiency. ValuTrac’s direct integration with LendingQB is available with the ValuTrac Pro and ValuTracPro Plus products.Click to continue
One of the most challenging questions to be asked in the course of a business transaction is, "How much is it worth?" This is especially thorny in regard to real estate. Fortunately, Vladimir Bien-Aime is able to help today's real estate professionals find the right answer.Click to continue
The ECOA Valuations Rule is effective Saturday, Jan. 18, and it mandates that all borrowers confirm statements prior to receiving an electronic copy of any appraisal report. Mercury Network has launched automated compliance for lenders and AMCs, and also creates a full audit trail to prove compliance with the new regulation.Click to continue
Question: Under the new appraisal rules, when must the appraisal be provided to the residential mortgage loan applicant? Also, must all versions of the appraisal be provided or just the last or “final” version? Click to continue
ValuTrac Software has announced the hiring of Hank Pruett as vice president of sales. Pruett, who has 24 years of appraisal management, title and client relations experience, will report to John Sisson, SVP national sales and is responsible for client acquisition and product development to help continue the ValuTrac’s expansion.Click to continue
The Appraisal Institute announced three major strategic initiatives that have the potential to fundamentally reshape the global valuation profession. The Appraisal Institute will: Issue proposed standards of valuation practice that could serve as an alternative for valuation professionals where national or other standards are not required; expand delivery of Appraisal Institute education, becoming more proactive in identifying and pursuing appraisal educational opportunities;Click to continue