The latest from John Pettit

- by Chuck Mureddu, SWBC LenderHUB

Desktop and hybrid appraisals: A digital revolution for lenders

In January 2022, Fannie Mae announced they will be accepting remote desktop appraisals for eligible loan transactions. To qualify for a Desktop Appraisal, the property must: Be the primary residence ...

- by Moriah Taylor, CUCollaborate

Analyzing credit unions’ 2021 SEG additions

What is a SEG? Select Employee Groups, or SEGs, are groups that share any common bond of association or occupation. Common types of SEGs include: employees of a company, contractors ...

- by David Baumann, Washington CU Daily

CFPB to begin project focusing on rural banking deserts

The Consumer Financial Protection Bureau last week announced a new initiative that will focus on financial issues facing rural areas. “Rural people are deeply committed to the places they live ...

- by Justin White, NAFCU Compliance Blog

Vacancies after the nominating process closes

The bylaws are generally clear on what to do in the event of a board of director vacancy before the annual meeting occurs. Under the current model bylaws and the ...