mortgage: Calyx Point® users can now order appraisals directly from the LOS, through a la mode’s Mercury Network, eliminating costly errors and delays - 01/14/11 08:00 AM
Oklahoma City, OK — a la mode today announced a huge step forward for appraisal compliance and efficiency with Mercury Network’s full integration for appraisal ordering inside the popular loan origination software, Calyx Point.
Point users can now click a button inside their software to log in to Mercury Network, the nation's premiere online Vendor Management Platform, or VMP, allowing originators to manage their entire appraisal workflow while being compliant with all appraisal independence standards and banking security regulations. Their appraisal order form will be pre-filled with the data from their Point file, eliminating the errors and delays resulting from human … (0 comments)

mortgage: What the FDIC had to say about booms and busts back in 2005 - 04/21/09 06:37 AM
Busts don't follow booms: FDIC
February 17, 2005
Though we keep hearing that recent home price appreciation is "unsustainable" and will lead to a substantial "correction" - that is, that the home price boom may be followed by a home price bust - the Federal Deposit Insurance Corporation (FDIC) did something radical: It took a look at the data. History suggests that a boom alone is insufficient to cause a bust.
The FDIC considered 21 instances in the last quarter century of markets in which home prices fell at least 15 percent in five years. (PDF graph available here.) Few … (1 comments)

mortgage: January 2005 - Crisis coming so more attention should be paid to the value of the collateral backing the mortgage loan - 04/14/09 05:34 AM
Home equity crisis coming, report says; blames lender pressure in part
January 20, 2005
American households cashed out $333 billion worth of equity from homes   between 2001 and 2003, the beginning of the refinancing boom - levels three   times higher than any period since Freddie Mac started tracking the data in   1993, a new report highlighted.
A House of Cards: Refinancing The American Dream is a new report   released last week by Demos, a nonpartisan public policy organization based in   New York. The problem is not that so many Americans took advantage of   historically low … (0 comments)

mortgage: Mercury Network -- the best way for RE appraisers and lenders to cope with the HVCC - 04/09/09 06:10 AM

Complex Problem, Simple Solution
Employing an age-old constant in a period of unprecedented chaos
by Dave Biggers
Dave Biggers is the founder and Chairman of a la mode.  With a REALTOR® mother and an appraiser father, he was pre-destined to be holding "the dumb end of the tape" with his dad while still in high school, and paid for college as a residential and commercial appraiser.  An engineering and economics major, Dave used his technical background and understanding of appraising to start a la mode while still in school in 1985.
With each issue of The AppraisalPress, we find ourselves … (1 comments)

mortgage: Trillions of dollars of new originations with no appraisal requirements. WTF? - 03/27/09 02:02 PM
By Dawn Kopecki
March 27 (Bloomberg) -- Mortgage originations may double to $3.1 trillion this year as historically low interest rates and looser financing standards at Fannie Mae and Freddie Mac lure more borrowers, Bank of America Corp. analysts said.
The rest of the article is located here:
If you read the article, please notice this part:
“The fact that the GSEs are taking away the appraisal requirements increases capacity inherently,” Ravi said, referring to government-sponsored enterprises Fannie and Freddie. “You don’t need to do a portion of the work that you were doing before on these mortgages.”
And, … (2 comments)

Scott Kinnaird (a la mode)

Scott Kinnaird

Edmond, OK

More about me…

a la mode

Address: 3705 West Memorial Road, Building 402, Oklahoma City, OK, 73013

Office: 800(900) 494-5106



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