New Online Compliance Checklist For Lenders And Appraisers

Posted by Orb Staff on June 04, 2012 No Comments
Categories : FYI

MountainSeed Appraisal Management, an Atlanta-based appraisal management outsourcing firm for commercial and residential appraisals, is now offering a free Compliance Checklist to help banks and lenders remain compliant with Dodd-Frank Act regulations.

According to the company, banks and appraisers only need to put in their name, company, state and email address to download the checklist from MountainSeed's website. The Compliance Checklist includes legislative developments, key interagency guidelines, the Truth in Lending Act's final rule requirements, and Fannie Mae and Freddie Mac's appraisal independence requirements.

‘With the ever-changing regulatory landscape, it's been challenging for banks and appraisers to be aware of the basic regulations required for residential and commercial appraisals, so this checklist is sure to be a big help,’ says Carl Streck, CEO of MountainSeed Appraisal Management.

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