Automated Valuation Model

Appraising: Auld Lang Syne 

This new year will bring about more than a celebration of auld lang syne; it also will bring about the implementation of some significant legislation that affects matters of real estate appraisal reports.The CFPB has issued the following final rule amendments, which will take effect in January: -Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuation Under the Equal Credit Opportunity Act (ECOA) (Regulation B) -Appraisals for Higher-Priced Mortgage Loans Under the Truth in Lending Act (TILA) (Regulation Z) Under the amended ECOA Regulation B requirements, a creditor must provide an applicant with copies of the final