TRID is finally here

TRID IS FINALLY HERE, and make no mistake, TRID will negatively impact mortgage banking profitability over the next couple of quarters.   Many of the secondary marketing managers I regularly speak to plan to price their 45 day rates with 30 day prices, reducing margins to the cap markets department.  Richard Cordray has publicly stated that […]

Is not properly vetting your appraisers worth the risk?

Background screening has become a hot topic in the appraisal industry lately.  Various appraisal-related organizations have formed committees to attempt to create a standardized process that meets the compliance needs of lenders but also makes the process easier and more cost-efficient for the individual appraisers. Appraisal-related conferences have sessions dedicated to the subject and more […]

The shrinking pool of residential appraisers could have a ripple effect

You may have read the article by Lance Coyle, President of the Appraisal Institute, in yesterday’s Working RE news edition email addressing the future of the appraisal industry entitled The Future of Valuation. Mr. Coyle addresses a major problem in the appraisal industry that several different organizations, appraisal firms and appraisal management companies have taken steps […]