Tag: Appraisals

Brian Zitin: Appraisals—The Final Frontier in Digital Mortgages

With the average time to close a mortgage transaction still 40+ days, the experience of a “one-tap” digital mortgage seems distant to most onlookers. In reality, however, the important measure of efficiency is how long a borrower actually spends in the mortgage factory line—in other words, how long it takes to get approved and complete all of the necessary requirements and paperwork before closing.

| By MBA NewsLink Staff

Brian Zitin: Appraisals—The Final Frontier in Digital Mortgages

With the average time to close a mortgage transaction still 40+ days, the experience of a “one-tap” digital mortgage seems distant to most onlookers. In reality, however, the important measure of efficiency is how long a borrower actually spends in the mortgage factory line—in other words, how long it takes to get approved and complete all of the necessary requirements and paperwork before closing.

| By MBA NewsLink Staff

Brian Zitin: Appraisals—The Final Frontier in Digital Mortgage

With the average time to close a mortgage transaction still 40+ days, the experience of a “one-tap” digital mortgage seems distant to most onlookers. In reality, however, the important measure of efficiency is how long a borrower actually spends in the mortgage factory line—in other words, how long it takes to get approved and complete all of the necessary requirements and paperwork before closing.

| By MBA NewsLink Staff

Brian Zitin: Appraisals—The Final Frontier in Digital Mortgage

With the average time to close a mortgage transaction still 40+ days, the experience of a “one-tap” digital mortgage seems distant to most onlookers. In reality, however, the important measure of efficiency is how long a borrower actually spends in the mortgage factory line—in other words, how long it takes to get approved and complete all of the necessary requirements and paperwork before closing.

| By MBA NewsLink Staff

FHA Issues Temporary Waiver Suspending Early Payment Default Reviews

The Federal Housing Administration on Monday issued a temporary waiver of its Single-Family Housing Policy Handbook 4000.1 to temporarily suspend the requirement that mortgagees select and review all Early Payment Defaults on a monthly basis.

| By MBA NewsLink Staff

FHA Issues Temporary Waiver Suspending Early Payment Default Reviews

The Federal Housing Administration yesterday issued a temporary waiver of its Single Family Housing Policy Handbook4000.1 to temporarily suspend the requirement that mortgagees select and review all Early Payment Defaults on a monthly basis.

| By MBA NewsLink Staff

Tom Lamalfa: May 2020 Survey of Secondary Market Executives

What follows are findings from a survey of senior mortgage executives I conducted in the first half of May. Due to cancelation of MBA’s National Secondary Market Conference, this survey was completed over the phone rather than face to face, as has been the case in the 23 preceding surveys done since 2008.

| By MBA NewsLink Staff