The Appraisal Independence Requirements (AIR) were developed by Fannie Mae, the Federal Housing Finance Agency (FHFA), Freddie Mac, and key industry participants to replace the Home Valuation Code of Conduct (HVCC). They were implemented on October 15, 2010. The purpose of AIR is to provide important protections for mortgage investors, home buyers, and the housing …
Mortgage banking is a risky business, and as a warehouse banker, it’s crucial to ensure that the mortgage banker you’re lending money to is trustworthy and reliable. Conducting due diligence reviews on mortgage bankers before extending a line of credit is a vital step that can save you from potential financial loss and legal liabilities. …
Why Warehouse Bankers Should Conduct Due Diligence Reviews on Mortgage Bankers Read More »
Are you gearing up for a Fannie Mae Seller-Servicer MORA review? If so, you’re not alone! A MORA review can be daunting, but with the right preparation, you can ace it with flying colors. Here are our top tips for mortgage bankers preparing for a Fannie Mae MORA review: Know the Guidelines – The Fannie …
Don’t want to run afoul of Fannie Mae’s Change Management compliance guidelines? Here are five things you need to know: Stay Organized The first step to ensuring compliance is to stay organized. Keep track of all the changes you make, including the date of the change, who made the change, and why it was made. …
Don’t Get Caught Off Guard: Change Management Compliance Read More »