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Coester Appraisal Management Prepares Mortgage lenders for Dodd-Frank
Coester Appraisal Management Prepares Mortgage lenders for Dodd-Frank
Coester Appraisal Group is a nationwide appraisal management company specializing in high quality appraisal reports that comply with all industry guidelines and regulations.
Rockville,
MD,
United States of America
(prbd.net)
16/12/2010
Rockville, MD - December 15, 2010 -- Coester Appraisal Group an appraisal management company which helps mortgage lenders with their valuation needs nationally has been busy the past few months assisting its clients and the lending community prepare for the new Dodd-Frank appraisal regulations set to be mandated in April, 2011. CEO Brian Coester was quoted as saying “The new regulations are not business as usual lenders, appraisal management companies, appraisers and investors are going to have to adjust the way they do business to account for the new regulations.”
The biggest difference is obviously the new regulations cover all loan completed for federally related transactions and not loans just done through the GSE’s or FHA. Operations manager of Coester Frank Novak who has over 20 years in the mortgage banking business indicated that “before you were dealing with multiple regulations, you had the HVCC, FHA’s appraisal compliance, the OTS and OCC own spin on things and you kind of had a lot of overlapping which caused some confusion. With the new regulations you know exactly what’s going on and exactly is needed to be done. What we are working on now is ensuring our clients, vendors and customers know exactly what to do”
Coester recently did a webinar on the Dodd-Frank appraisal regulations which can be found by visiting there YouTube channel or clicking the link below.
http://www.youtube.com/watch?v=LNHxm4kRQS0
About Coester Appraisal Group:
Coester Appraisal Group is a nationwide appraisal management company specializing in high quality appraisal reports that comply with all industry guidelines and regulations. The company is headquartered in Rockville, Maryland and was founded in 1970 as a local appraisal. The company has since grown to a formidable force in the appraisal management segment, and has access to a qualified network of 100,000 certified appraisers in 50 states. For more information please visit Coester Appraisal Group online at www.coesterappraisals.com
Contact :
Brian Coester
Coester Appraisal Group
Rockville, MD
888 485 -1999
sales@coesterappraisals.com
http://www.coesterappraisals.com
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