According to the company, EVO-Res is offers customized set-ups that enables users to configure every field, with new fields that can be added on the fly and are instantly reportable. Users can also create new review forms in minutes. EVO-Res also works with EVO-C, Global DMS’ commercial lending valuation platform, thus allowing for a single-system solution for managing two different business lines.Wholesale lenders have adopted different rules for appraisal transfers, loan product changes, and reporting formats, adding complications for brokers and appraisers ahead of the Nov. 2 mandate
Brokers preparing for next week's appraisal deadline face more than a change in reporting forms. Depending on the wholesale lender, an appraisal ordered before Nov. 2 may be subject to different acceptance rules, a transferred report may face additional requirements, and a c...
Rocket Mortgage data shows purchases involving older co-applicants have remained resilient
Young Americans are buying fewer homes than they were seven years ago, but purchases involving older co-applicants are bucking the trend.Home purchases by borrowers under 35 have fallen 15% since 2018, while purchases involving a co-applicant age 55 or older have increased r...
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