Few industries are as highly regulated as the mortgage market. Because of the impact on lenders, borrowers and the overall U.S. economy, compliance is of paramount importance to all of SettlementOne’s products and services.
Appraisal management companies such as SettlementOne are business entities that administer networks of independent appraisers to fulfill real estate appraisal assignments on behalf of lenders. State AMC legislation promotes public trust and consumer protection, and establishes oversight and enforcement where there is none today.
The Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 required that states enact comprehensive AMC oversight and registration programs. In 2015, additional regulations affecting the industry went into effect through TRID, the TILA-RESPA Integrated Disclosure rules.
As a leading provider of valuation services to financial institutions nationwide, our focus at SettlementOne is to provide our clients with technology solutions that meet the compliance requirements of Fannie Mae, Freddie Mac, Dodd-Frank and other regulatory agencies.