Commercial/multifamily mortgage originations down 80 percent from Q4 2007 in MBA Survey – NMP Skip to main content

Commercial/multifamily mortgage originations down 80 percent from Q4 2007 in MBA Survey

National Mortgage Professional
Feb 09, 2009

Lenders One, StreetLinks enter new partnershipMortgagePress.comLenders One, StreetLinks, appraisals, compliance, Home Valuation Code of Conduct, HVCC, Uniform Standards of Professional Appraisal Practice Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, has enlisted StreetLinks National Appraisal Services to provide its members with appraisal services and compliance expertise. As Lenders One's newest preferred vendor partner, StreetLinks is a national appraisal management company that offers comprehensive valuation solutions to mortgage lenders and other origination firms. "As the mortgage industry and the demand for different loan products have evolved over the last year, so has the appraisal process," said Luke Pille, director of national programs at Lenders One. "Our members have expressed an interest in keeping up with changing regulatory guidelines, particularly with the Home Valuation Code of Conduct (HVCC) that will now take effect on May 1, 2009. It was our responsibility to find an experienced compliance partner to provide our members with complete assurance throughout the collateral valuation process." StreetLinks is unlike traditional appraisal management companies (AMCs) in that it hand reviews each appraisal to ensure accuracy and validity. Additionally, Lenders One members will benefit from faster loan approvals and superior loan performance as every appraisal is underwritten to specific lender and investor guidelines as well as meets Uniform Standards of Professional Appraisal Practice (USPAP) requirements. And all appraisals are backed by a 100 percent loss warranty, meaning that if a lender suffers a loss related to a proven defect in a valuation, StreetLinks will cover that loss entirely. "Our diverse leadership is comprised of veteran lending and appraisal professionals, so StreetLinks understands the customer aspect of the appraisal process and has developed its platform around the very needs of mortgage bankers and brokers," explained Steve Haslam, StreetLinks CEO. "Partnering with Lenders One allows us to supply lenders across the country with the most comprehensive, reliable valuation solutions that empower origination personnel to better communicate with customers and help restore confidence in the appraisal process." Lenders One members will receive confirmation that each appraisal assignment is fulfilled with true appraiser independence and impartiality. In coordination with new HVCC guidelines StreetLinks supports its appraisals with a Certificate of Non-Influence & HVCC Compliance. Members also have access to StreetLinks' own fraud prevention tool, ValueVault, which allows lenders and investors to instantly access the original appraisal to verify authenticity and integrity via a secured online repository where a PDF of the original appraisal is permanently archived. Pille continued, "StreetLinks enables our members to have up-to-date, 24/7 live tracking of appraisals, and can provide a trusted subject matter expert to assist them with any valuation-related questions. This partnership extends the cost savings and tangible benefits offered to Lenders One members." For more information, visit www.lendersone.com or www.streetlinks.com.
Published
Feb 09, 2009
Angel Oak Mortgage Reports Second Straight Quarterly Loss

Non-QM lender reported net loss of $52.1 million.

Industry News
Aug 10, 2022
loanDepot Dumping Brokers, Exits Wholesale

As company reports second straight quarterly loss, it announces plans to exit its wholesale business by Oct. 31, 2022.

Wholesale
Aug 09, 2022
UWM's Q2 Profit Up YOY, Despite Steep Drop In Originations

Q2 net income was up 55% from last year, while originations were down nearly 50% YOY

Industry News
Aug 09, 2022
Increasing Number Of Homes On The Market Longer

Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.

Industry News
Aug 09, 2022
Cenlar Appoints New Chairman, Co-CEOs

Dave Applegate, the new board chair, played a major role in launch of UMBS.

Wholesale
Aug 08, 2022
Zillow Introduces AI To Home Shopping

Using Zillow's AI-generated floor plan tool, U.S. Home shoppers can get a deeper sense of a home without stepping inside.

Industry News
Aug 08, 2022