Pro Teck Valuations Services, a real estate valuation and risk solutions provider, has announced the expansion of its services by offering a configurable Appraisal Order Portal for wholesale and retail mortgage origination. The platform, already in use by top national mortgage wholesalers, is designed to meet the national appraisal needs of the market; including regulatory, investor and Home Valuation Code of Conduct (HVCC) requirements.Read more

AIMSdashboard has released the latest version of its Web-based Appraisal Independence Management System (AIMS), featuring several compliance-focused additions. AIMS 4.4 will promote lender compliance with the appraisal independence requirements of the Uniform Standards of Professional Appraisal Practice (USPAP), Federal Housing Administration (FHA) Mortgagee Letter 09-28, Federal Financial Institutions Examination Council (FFIEC) and the Home Valuation Code of Conduct (HVCC).Read more

DartAppraisal.com, a provider of nationwide residential real estate valuations, has announced their integration to FirstClose, a service of First Lender's Data Inc. (FLDI). Based in Austin, Texas, FLDI provides cutting-edge technology solutions to mortgage lenders nationwide.Read more

On Dec. 16, 2009, the Federal Housing Administration (FHA) published Mortgagee Letter 09-52, which issued guides for mortgage originators in circumstances where borrowers receive a short payoff from their current lender on either a sale or a refinance. Here is a summary of the five things you need to know about these changes:

1. Changes are effective as of Dec. 16, 2009.Read more

The StoneHill Group, a provider of quality control, due diligence, mortgage processing and post-closing services for mortgage originators, has announced a move into new headquarters of more than twice the size of its present location to accommodate its growth and the company’s 2010 expansion program. The new facilities in Atlanta are located at 1117 Perimeter Center West.Read more

Byte Software, a complete mortgage software solution providing banks, credit unions, mortgage bankers and mortgage brokers loan origination software from beginningRead more

National Mortgage Professional Magazine recently had an opportunity to chat with David H. Stevens, Assistant Secretary for Housing at the U.S. Department of Housing & Urban Development (HUD), and 27th Commissioner of the Federal Housing Administration (FHA).Read more

Being that my company, Quality Mortgage Services LLC, is a compliance company, we help many mortgage companies combat fraud. The first thing that a company must have in place is a commitment to combating fraud or what we call the “Attitude” which emanates from the company’s leadership and trickles down. When a company has the commitment to of zero tolerance for unscrupulous deals, all the team members will be on board to combat fraud.Read more

John Walsh is the president of Total Mortgage Services LLC, an expanding mortgage banker based in Milford, Conn. Through its centralized business model, Total Mortgage Services is able to create significant efficiencies to both its origination and operational infrastructure, and pass the cost and time savings on to borrowers in the form of lower rates and better service. The company recently announced that it is entering the wholesale residential mortgage lending business.Read more

The National Association of Mortgage Brokers (NAMB) is attempting to link valuation fraud to the Home Valuation Code of Conduct (HVCC). I wish NAMB would give up the ghost on trying to stop HVCC because it is depleting NAMB’s resources. As a member of NAMB, I would rather see NAMB place its efforts on membership, training/certifications, and fight proposed legislation like HR 4173, Wall Street Reform and Consumer Protection Act.Read more