Is your company ready for the Uniform Collateral Data Portal?

Coester Appraisal Group, a nationwide appraisal management company, is ready for the Uniform Collateral Data Portal, better known as the Uniform Appraisal Dataset that will be available for use on June 27th, 2011 and required on or after March 19th, 2012 for all loans being submitted to Fannie Mae and/or Freddie Mac.

We hosted a series of webinar, which is part of a series of online educational programs hosted by Coester Appraisal Group. We will be continually updating and holding seminars and webinars for our lender clients. Please look below and look for updates.

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Coester says NO to broadcasting appraisal orders

Lots of AMC's talk about their sophisticated "broadcast" appraisal ordering system that saves you time and money and that keeps appraisers "competitive". The reality is "broadcasting" the appraisal order just sends a mass e-mail out to multiple appraisers and the first one to "accept" the appraisal with the fee the AMC wants to pay gets it. There is no touch to the process and the reality is that it's not a very good way of doing business.

There are actual software's appraisers can buy to "auto accept" appraisal orders when they come over via e-mail. See link http://appraisersforum.com/showthread.php?t=163077

At Coester all of our orders are assigned to the most qualified appraisers and the order is sent to one appraiser, the most qualified appraiser that we like and trust. We use appraisers that we know, have experience with and we know will do a good job and therefore no broadcast is needed, we know who's good.

Brian Coester, CEO of Coester Appraisal Group, featured
on the Cover of Mortgage Technology Magazine

As the industry looks to correct itself, technologists detail how automation can help mortgage
participants assess a property's true value. Click here to read more.

Fighting Repurchase Requests

Tired of fighting repurchases alone? When it comes to flawed loans, someone's going to have to carry the risk so instead of carrying the burden, it is often passed along. Repurchase requests, also known as buyback letters, can sound very official and convincing. That doesn't mean they're accurate. Your best defense assuming you want to fight to keep the buyback off your books is to provide documented facts that demonstrate the accuracy of the original appraisal.

In order to be effective, you'll have to be strategic. And being strategic takes time and effort. Let us show you the most efficient way of submitting these rebuttals to increase the likelihood that the results will work in your favor.

Watch Video                             Learn More about Repurchases

Appraisal Management Service at its best

Coester offers the best appraisal management service among appraisal management companies
in the nation. Coester Appraisal Management process offers a seamless integration to most loan
origination systems and with our repurchase guarantee you are protected more than
what any other appraisal management company offers.

Mortgage Putback Wars:
Kitchen Sink Strategy

(Reuters) - Mortgage Investors trying to pry compensation from banks over bad loans are increasingly making frivolous claims among the legitimate ones, adding new stress to the test of wills and wallets, according to first that review the cases.

Analysts say investors have taken on a kitchen sink strategy, in which they try to exploit any and all errors - even if they had nothing to do with a loan default. Click here to read read More

Have repurchase issues? Contact Us

Legacy List and Nominated Appraisers

Using your Legacy List, or Nominated Appraisers, can be a great asset in helping your company succeed. Our Legacy management system is 100% compliant with all current appraisal regulations and provides all the appraisers independence protections.

You can use your legacy list or nominated appraisers exclusively, take advantage of our certified appraisers or use a smart combination of both.

At Coester, we guarantee 100% of our appraisals for quality and if your valuation experience isn't one of the best you have had, the appraisal is FREE!!

Click here to get started with Coester now!