In the current mortgage market landscape, lenders are grappling with a surge in appraisal defects and soaring repurchase costs. To combat these challenges and maintain profitability, industry experts emphasize the importance of establishing a quality-centric culture within lending institutions. Leveraging advanced technology tools such as ACES Quality Management is crucial for ensuring precise and impartial appraisals, safeguarding lenders’ financial interests, and upholding fair lending principles.
Key points:
– Mortgage lenders are facing increased appraisal defects and rising repurchase costs in the current market.
– Establishing a quality-centric culture within lending institutions is essential for overcoming these challenges.
– Utilizing advanced technology tools like ACES Quality Management can help ensure accurate and unbiased appraisals.
– Safeguarding lenders’ bottom lines and promoting fair lending practices are paramount in today’s mortgage industry.
You can read this full article at: https://www.housingwire.com/articles/building-a-quality-centric-culture-is-essential-to-ensuring-appraisal-integrity/(subscription required)
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