While technological advances such as automated evaluations are improving the quality of the origination process, Fannie Mae said that the industry will still need appraisals. Renee Schultz, Fannie’s senior vice president of single-family, said everyone gets so concerned about this technology but it’s really just bringing the industry to the 21st century. “Even doctors now are going away from paper,” she added. “All of the technology that we’re working on is about making the process more simple, more certain, and more transparent for lenders and servicers and investors,” said Schultz, while speaking at a Credit...