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Industry News
Industry news plays a vital role in understanding the latest trends in housing, title insurance, and escrow services. From monthly housing market updates to practical tips and best practices, staying informed can help navigate the complexities of real estate with confidence. Plymouth Title Guaranty Corporation shares insights and updates designed to keep professionals and homebuyers prepared for every step of the process.
Fannie Mae Property Valuation: The New Initiative for 2023
Beginning on April 15th, the new Fannie Mae property valuation initiative launched throughout the United States. Essentially, this revolutionary system encompasses technology, data, and analytics. As a result, it enhances the lending process for every stakeholder, including lenders, Realtors, title agencies, attorneys, homeowners, and homebuyers.
Overall, Fannie Mae’s goal is to improve the efficiency and accuracy of the mortgage loan process. Back on March 1st, 2023, Fannie Mae formally announced the changes via their Selling Guide Announcement. The newly introduced options provide a range of new ways to establish a property’s market value, with unique options available depending on the risk.