Skip to main content

Veros White Paper Highlights Interagency Appraisal and Evaluation Guidelines

NationalMortgageProfessional.com
Feb 14, 2011

Veros, a provider of collateral valuation technology, enterprise risk management and predictive analytics, has announced the release of a white paper entitled "Interagency Appraisal & Evaluation Guidelines: Insights into Understanding and Integrating the New Guidance." The white paper seeks to bring clarity to the expanded language in the Interagency Appraisal & Evaluation Guidelines (Guidelines) surrounding the concepts of appraisal requirements and appropriate use of evaluations including automated valuation model (AVM) usage and tools for other research. Originally written and published in 1994 and then revised in 2010, the Guidelines seek to maintain the integrity of appropriate standards of safety, due diligence and proper consideration in real transactions. “The real estate and mortgage industries have experienced a constant evolution of technology development and legislative change that directly impact how appraisers do business, as well as how the value of residential properties are assessed,” said William E. King, director of valuation initiatives at Veros Real Estate Solutions. “It is critical that professionals have an accurate understanding of the new regulations to ensure compliance so that these industries can continue to function at optimum levels.” At the core of the white paper is a reminder to readers that the five basic requirements established in the original 1994 Guidelines remain unchanged. The 2010 revisions to these requirements are for the purpose of broadening the knowledge base for industry professionals and increasing compliance. Additionally, the paper reiterates the importance of appraisal and evaluation independence by outlining how regulated institutions can achieve and maintain this independence for their collateral valuation programs. Click here to download a copy of "Interagency Appraisal & Evaluation Guidelines: Insights into Understanding and Integrating the New Guidance." For more information, visit www.veros.com.
Published
Feb 14, 2011
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Operations
Jan 09, 2023