The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter of 2020, according to the ACES Mortgage QC Industry Trends Report.
It was the second consecutive quarter that the overall rate of defects decreased, helping to reverse a spike that came in the second quarter of 2020. The report is based on data from ACES Quality Management & Control software.
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By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).
The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. Originally
This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include funny Buzztoon comics,
Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can
