Nationwide Appraisal Network, an award winning and leading appraisal management company, has announced a partnership with RealEC® Technologies, that combines the industry’s most client oriented, technologically sound, compliant AMC with the standard-setting solution that help lenders and their business partners to electronically connect.
Fully 43% of Respondents Outsource To AMCs, According To A Nationwide Appraisal Network Survey Working with an AMC seen as a way to help avoid conflict of interests and to comply with regulations.
Nationwide Appraisal Network Far Exceeds CFPB Requirements for Third-Party Compliance. Firm’s approach is a ‘model’ for ensuring clients comply with tough, new rules and regulatory scrutiny
If you’re considering outsourcing the appraisal process to a third party Appraisal Management Company, consider the following before making your selection. Choosing the best appraisal management partner is an important decision.
Effective January 2014, rules adopted by the Consumer Financial Protection Bureau (CFPB) allow borrowers to receive copies of all valuation products ordered with their loan (even if the lender did not rely on them three days prior to closing.) Various valuation products (appraisals, AVMs, BPOs) may produce different values and cause confusion for borrowers.
Every appraisal management company deals with complaints and issues at one point or another. The question is, how are they handled? Last year, we had a paradigm shift at NAN. We realized that we were losing golden moments to win over our clients that would call and express dissatisfaction for one reason or another. At the time we were so heavily involved in compliance that we eventually came to a…
With the new CFPB rules taking effect in January of 2014 all lenders need to be very aware of the rules and make plans now to ensure they remain compliant. One of the new rules involves appraisals when funding a high cost mortgage. Of course before you can prepare for the changes to come you must first have a basic understanding of what makes a loan a high cost mortgage….
Did you know that Nationwide Appraisal Network takes efficiency and quality very seriously? So seriously, that we have team members and proper procedures in place to not only monitor turn times but to hold people accountable for their productivity and commitments. Though our clients and vendors view our relationship to the appraisal process as simple, what they don’t know is that there are lots of things going on behind the…
Does your company or organization have relationships? Of course they do, they have plenty of them, vendors, clients, customers, employees, banking, etc.. but what if your employer took it to the next level and created a closer relationship with a supplier of services? What does this matter to me you ask? Well if you work at one of these companies and they own or have an affiliated relationship with a…
As most of us are aware the Consumer Financial Protection Bureau (CFPB) is amending Reg Z to implement amendments to the Truth in Lending Act (TILA) mandated by the Dodd-Frank Act, which leaves loan originations in very familiar territory. Asking them same questions they have been asking for several years now “How does this affect me”? The answer is just as confusing as ever. Let’s try to make some of…
ABOUT NAN
At NAN, we believe in technology, communication and accountability. Everything we do is with the best interests of our customer in mind.
Days of operation: Monday – Friday
Hours of operation: 8:30AM – 9PM EST
Toll Free: 888.760.8899
Toll Free Fax: 888.765.8899
3180 Curlew Rd, Ste. 107
Oldsmar, FL 34677
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