Monthly Archives: April 2010

AMC. FNC. What’s the Difference?

Probably the biggest misconception about FNC is that it is an Appraisal Management Company (AMC). FNC is definitely not an AMC, although many clients that use FNC products and systems are AMCs. FNC is actually a mortgage technology company. So what FNC does is deliver deep expertise in appraisal compliance, workflow best practices, and process efficiency to mortgage lenders, servicers, AMCs, and secondary markets. FNC also provides real estate appraisers… Continue reading

Posted in Appraising, FNC | Comments Off

FNC’s NCD Fills Potholes along the Subject Property Superhighway

The National Collateral Database™ combines appraisal, public record and other real estate sales and descriptive information into the most powerful real estate information database available to lenders and appraisers for the valuation and analysis of residential property across the United States. It is the National Collateral Database that fuels FNC’s data and analytics products and services.

What lies behind all this? Where does all this data come from, how does… Continue reading

Posted in Appraising, Mortgage, Valuation | Comments Off

What about Forecasting Housing Prices?

We have had a number of requests lately asking if we can forecast housing prices. The ability to forecast prices is an important issue. Originators would like to know what housing prices are going to do, so they can appropriately set loan-to-value (LTV) requirements. Servicers could use the information to help them determine the appropriate tradeoff between holding a property for a later sale and disposing of it now. Home… Continue reading

Posted in Valuation | Comments Off

Appraisal Work Declines – But Is HVCC Solely to Blame?

Most appraisers agree that the implementation of the Home Valuation Code of Conduct (HVCC) nearly a year ago has caused the biggest shake-up in the appraisal industry since licensing back in the early ’90s. However, there is still some disagreement on whether this shake-up has been good or bad for appraisers and lenders. At this point the majority of appraisers are still seeing it as mostly negative.

Many appraisers… Continue reading

Posted in Appraising | Comments Off