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.
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021