Posts By: Nicole Crawford

Environmental Products Series – Part II

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Here is the second part of Valuation Management Group’s (VMG) three part blog on environmental assessments. Once again, we have partnered with Dana Spotts, Principal with Contour Environmental, who will go into detail on Phase I Environmental Site Assessments (ESA). Click here to read Part 1: Environmental Checklists. PHASE I ENVIRONMENTAL SITE ASSESSMENT (ASTM E… Read more »

Environmental Products Series – Part I

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Most clients believe that Valuation Management Group’s (VMG) expertise is limited to residential and commercial appraisals, but did you know that we also offer the full menu of environmental assessment products? This includes Environmental Checklists, Phase I’s and Phase II’s. While many lenders request environmental assessments, not everyone in the lending or servicing business knows… Read more »

Second-Home Sales Are On the Rise

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According to Fannie Mae and the National Association of Realtors (NAR), second or vacation homes – those that are neither investment nor primary residences – represented 13 percent of all purchase transactions in 2013 – an increase of 29.7 percent over 2012. This is the highest market share for second homes since 2006, although still… Read more »

Living in the World of Mortgage Acronyms

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“I submitted the UAD Appraisal Report to the UCDP for the GSE’s and it returned the SSR’s with FNMA Appraisal Findings and UAD warnings”? Have you heard a similar statement recently? Whether you are a bank, credit union, mortgage company employee, or an appraiser, there is a pretty good chance you have heard a similar… Read more »

Tips for Commercial and Residential Appraisal Reviews

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We are pleased that commercial and residential lending are increasing, but with this good news we want to remind lenders to establish and maintain policies on appraisal review that ensure compliance with Dodd Frank, Interagency Appraisal and Evaluation Guidelines, and Fannie Mae/Freddie Mac guidance. Many of these laws and guidance policies were established after concerns… Read more »

FDIC Releases Examination Procedures for Mortgage Rules

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The FDIC recently released interagency consumer compliance examination procedures for the mortgage rules issued pursuant to the Dodd-Frank Act. These procedures are intended to help financial institutions seek a better understanding of the areas that the FDIC will focus on as part of the examination process.  These procedures apply to Financial Institutions under $1 Billion in… Read more »

FHFA’s Oversight of Fannie Mae and Freddie Mac’s Use of Appraisal Data

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On February 6, 2014 the Federal Housing Finance Agency (FHFA) issued an interesting synopsis of the Office of Inspector General’s audit. The synopsis covers the FHFA’s oversight of Fannie Mae and Freddie Mac’s (GSE’s) use of the UCDP to analyze appraisal data, prepurchase, to improve loan quality and reduce risk. You can access the synopsis… Read more »

Using VMG’s Website to its Full Potential

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At VMG, we strive to provide the best possible client experience. The key to providing superior service is communication and there are multiple avenues to communicate with our clients – email, phone, LinkedIn, Facebook, Blogs and the VMG website. While many people prefer email and phone communications, there are times when an email or phone… Read more »

Spring Forward!

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The winter weather in January and February of 2014 has definitely impacted the real estate markets throughout the United States. Now we turn our attention to Spring and what is traditionally the season that buyers get active looking for new homes. We hope this Spring is going to be early and energized. As we begin… Read more »

New Consumer Protection Rights

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The CFPB has created a consumer guide that many lenders are probably not aware of. It is titled, “What the new ECOA appraisal and other valuations rule means for consumers.” Click Here to View Guide. It explains how the lender cannot discriminate because of race, color, national origin, sex, religion, marital status, age, income from public assistance,… Read more »