Category Archives: PEMCO News
11 ‘Scary’ Appraiser Moments
Photo credit: Shane Gorski Halloween is around the corner and the little ghosts, monsters and goblins will soon knock on doors all over for tricks…or treats. While every knock on the door may bring a feeling of ‘excited apprehension’ for our little ones, this is nothing like what a real estate appraiser may […]
Read More →Fannie Mae, Freddie Mac Help Strengthen Mortgage Underwriting
Photo credit: justgrimes Appraisal changes, borrower verification helps make mortgages safer A Fitch Ratings report shows the US mortgage underwriting process has been made safer and stronger for borrowers and lenders. This comes after Fannie Mae and Freddie Mac adopted new data management and verification methods in recent years, a move that improves […]
Read More →Why are Mortgage Lenders Loosening Up Credit Standards?
Photo credit: GotCredit Fannie Mae just released the Q2 2017 Mortgage Lender Sentiment Survey and a key finding is that an increasing amount of mortgage lenders are loosening their credit standards and plan to continue doing so throughout the year. When forecasting for the next three months, the net share of lenders who are […]
Read More →Federal Agencies Making Moves to Address Appraiser Shortage
Photo credit: Sheila Sund The growing appraiser shortage crisis has been addressed by key government agencies, highlighting two alternatives to help appraiser-starved areas and hoping to bring relief to the shortage that’s slowing down the mortgage process. While the alternative options are aimed at getting more state certified and licensed appraisers in rural areas, […]
Read More →Stop Believing These 6 Home Appraisal Myths
Photo credit: TaxRebate.org.uk The home appraisal is the one real estate-related process that can provoke a variety of emotions, ranging from positive to negative. While many are aware of what an appraisal is and its purpose, that awareness doesn’t always translate to a clear understanding of what is factored into the appraisal process. At […]
Read More →Replacing Dodd-Frank
Photo credit: CafeCredit.com Financial CHOICE Act of 2017 to tweak Consumer Financial Protection Bureau The Financial CHOICE Act of 2017, the alternative to the Dodd-Frank Wall Street Reform and Consumer Protection Act, is now one step closer to becoming a reality. There’s been much talk about repealing the Dodd-Frank and “gutting the Consumer […]
Read More →9 Things You Should Know About Appraiser Independence
Photo credit: lendingmemo.com AMCs offer lenders an easy way to stay compliant while conducting arm’s length valuation transactions It requires substantiating and documenting communication. Compliance with appraisal independence must be substantiated by careful documentation, which includes full records of all communications during the appraisal process. It prevents those who might financially benefit from […]
Read More →PEMCO Limited Finalist for Hawaii’s BBB Torch Awards 2017
FOR IMMEDIATE RELEASE PEMCO LIMITED FINALIST FOR HAWAII’S BBB TORCH AWARDS 2017 BBB Torch Awards Honor Ethical Business Practices MARCH 9, 2017 – PEMCO Limited is a finalist at the Hawaii’s Better Business Bureau (BBB) Torch Award. An award ceremony will be held Friday March 31 at the Sheraton Waikiki. These Awards focus on […]
Read More →Making the Appraisal Process More Transparent
Photo credit: Everyone Shipwreck Starco Communication with stakeholders key Appraisers can, and usually do, share their information and methods that were used in their valuation process. In the event the appraisal is not what was hoped for, being prepared to disclose this information quickly is essential for the sake of transparency. How can […]
Read More →Getting an Accurate Appraisal When There Are Few Comparables
Photo credit: Sheila Sund You have an appraisal assignment in a neighborhood where few sales have recently occurred, or the property is in a very remote area. How do you arrive at a solid opinion of value if you’re working with little comparable data? Should you try a little-used approach to the appraisal? Should […]
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