Skip to main content

Comergence Announces Partnership With Metro-West Appraisal Company
Aug 04, 2014

Comergence has announced a deal to provide its REALM for Appraisers services to the more than 175 certified appraisers that work for Metro-West Appraisal Company. REALM for Appraisers is a propriety system that provides appraisers and appraisal management companies (AMCs) online tools to efficiently and cost-effectively meet all regulatory requirements. Appraisers pay a low annual fee to set up a single profile that can be shared with any vendors they choose, saving them time and money. Status updates are immediately provided to AMCs and lenders, delivering ongoing insight and the ability to quickly and effectively manage their relationships. “The fit between Comergence and Metro-West is a natural," said Greg Schroeder, president of Comergence. “Metro-West and its professional appraisers are committed to providing their customers with the highest levels of quality and peace of mind, while maintaining the strongest standards in compliance. The services we offer to appraisers and AMCs through REALM for Appraisers will enable Metro-West to focus on their appraisers and customers while providing greater efficiency and cost reductions. This is exactly why we’re in business.” “We’re excited to be working with Comergence to help streamline our processes and make it easier for our appraisers to focus on taking care of our customers," said Brandon Boudreau, chief operating officer at Metro-West. “The ability to set up and maintain a single profile means our cost and effort to ensure compliance has been significantly reduced. The continuous monitoring and near real time updates to our AMCs and lenders do away with ‘point in time’ reviews, providing Metro-West an even more robust compliance strategy.”
Aug 04, 2014
6 Federal Agencies Seek Comment On Proposed Rule For AVMs

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

FHA Proposes New Program To Help Struggling Homeowners

Legal expert questions whether agency has authority to implement the program.

Fitch Places Fannie, Freddie On Negative Ratings Watch

Ties credit rating to outcome of U.S. debt limit negotiations.

FHFA Director Strongly Defends New GSE Pricing Framework 

Tells House committee it’s “simply not true” that financially stronger borrowers are subsidizing others.

MBA CEO Criticizes Government Response To Economic Challenges

CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.

Freddie Mac Updates Income Assessment Tool To Use Digital Pay Stubs

Says new capability helps lenders calculate borrower income more quickly and precisely.