The ever-shifting landscape in real estate means that lenders are doing more than ever to get transactions approved and funded.
To begin the year, the early numbers reflect an earlier-than-expected boom of business for Realtors. In this business, no one moves or buys a home between Thanksgiving and Valentine’s Day – right? Well, not exactly – and if these unseasonal numbers are reflective of a new normal, the work week for Realtors just got longer.
As a mortgage broker, chances are you are intimately knowledgeable about the Appraisal Independence Requirement (AIR) as part of sound underwriting for financial institutions.
Most industry watchers believe that the housing market finally turned the corner in 2012, stabilizing and beginning a sustainable recovery after a protracted, seemingly endless down cycle.