Never has it been more important for underwriters and brokers to assess and understand the reliability of the loan data they rely upon. Such a large portion of underwriting is essentially about turning provided data into decisionable loan information. “Bad” or more likely “fuzzy” data going into underwriting increases the risk of generating poor loan information and funding riskier loans.Read more
More state and national mortgage news and mortgage press releases:
- Securities-based lending: An alternative source of funding You may have heard the term “stock loan,” “stock-secured...
- First American CoreLogic launches iPhone market data app First American CoreLogic, a member of The First American...
- Kroll Factual Data inks partnership with Prime Alliance Solutions Kroll Factual Data, a provider of business information solutions...
- MIAC’s new site provides access to mortgage asset valuation information Mortgage Industry Advisory Corporation (MIAC), a provider of FAS...
- Agencies issue interim final rule for mortgage loans modified under the Making Home Affordable Program The federal bank and thrift regulatory agencies has invited...
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