News from Veros
Abstract: The Federal Housing Administration will require lenders to submit full electronic appraisals for the mortgages it insures — a risk management practice Fannie Mae and Freddie Mac adopted two years ago.
Abstract: Fannie Mae and Freddie Mac want perfection. Mortgage lenders want relief. Technology could help both sides get what they want.
Abstract: With more reliable loan data, Fannie Mae and Freddie Mac would have greater confidence that borrowers would not default. In return, lenders would receive a juicy carrot: fewer buyback requests
Abstract: Veros Real Estate Solutions will serve as the vendor for the Federal Housing Administration electronic portal for appraisal reports and data submissions, a HUD spokesman confirmed to HousingWire.
Abstract: The Federal Housing Administration Office of Single Family Housing is developing a new web-based portal for electronic appraisal report and data submissions. The FHA is working to launch the working-titled Electronic Appraisal Delivery (EAD) portal in 2015 after a period of testing this su…