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Tag Archives: Valuation

DocMagic Addresses Compliance Woes Related to ECOA Valuation Rule

ECOA rule, technology, valuation

DocMagic, Inc., says it has a variety of solutions available that support lenders' compliance with the ECOA Valuation Rule, no matter what the lender's business rules are. Under the ECOA Valuation Rule, a creditor must provide an applicant with a copy of the appraisal and other written valuations upon completion, or three business days prior to consummation of the transaction, whichever is earlier.

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Interactive Mortgage Advisors Opens Dallas Office

Interactive Mortgage Advisors (IMA), a firm focused on the valuation and trading of mortgage servicing rights (MSRs), has added to its operational network with the opening of a new office in Dallas. With its new expansion, the company hopes to gain a foothold in the Lone Star State, which is home to a large number of originators and servicers.

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