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Chief appraiser offers business survival tips
Posted Date: Monday, October 19, 2020
Valuation Review attended a DataMaster webinar titled “5 Ways to Future-Proof Your Business.”
Chief Appraiser and Product Development Director Jared Preisler shared common checkpoints appraisers must keep in mind for future relevancy.
Read on to find out more of what Preisler told the attendees.
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Attorney offers remote testifying tips
Posted Date: Wednesday, October 28, 2020
At the 2020 American Society of Appraisers International virtual conference, Adams and Reese LLP attorney Adam Massey addressed the audience on giving remote testimony.
In today’s “new normal” world of COVID-19, legal matters in the courtroom, like most other things, are addressed differently.
Read on for more on what to do, and not to do when sitting in front of the camera for your testimony.
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Personal property conservator discusses true value
Posted Date: Monday, October 26, 2020
At the 2020 American Society of Appraisers International virtual conference, painting conservator Rustin Levenson of ArtCare Conservation shared with conference attendees her insights as to painting condition and authenticity.
Levenson also addressed how she helps appraisers along in that process.
Read on to learn more.
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ASC grants funds to TAF
Posted Date: Wednesday, October 28, 2020
The Appraisal Subcommittee (ASC) has approved $3 million over three years in new grant funds for The Appraisal Foundation (TAF).
This support will grant-eligible activities of the Appraiser Qualifications Board and the Appraisal Standards Board.
Read on for comments from the ASC and hear what TAF President David Bunton told Valuation Review about this grant.
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Commercial company introduces manufactured services
Posted Date: Monday, October 26, 2020
BBG is now offering valuation and assessment services for the manufactured housing communities.
The services include recreational vehicle parks and campgrounds, fast-growing sectors in the commercial real estate industry, the company announced in a press release.
Read on to learn more.
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Fannie Mae addresses appraisal form use
Posted Date: Wednesday, October 14, 2020
Since announcing two new appraisal forms in July, Fannie Mae has received questions pertaining to whether Form 1004 Desktop should be used when completing an appraisal with COVID-19 appraisal flexibilities. Read on to find out the answer to that question and others as outlined in the recent Fannie Mae Appraiser Update.
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AQB adopts PAREA
Posted Date: Monday, October 26, 2020
The Appraisal Foundation (TAF) Appraiser Qualifications Board (AQB) adopted the Practical Applications of Real Estate Appraisal (PAREA), according to a press release from TAF. Read on to learn more.
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AI honors annual award winners
Posted Date: Wednesday, October 7, 2020
The Appraisal Institute (AI) recently recognized its national award winners at a ceremony, which took place virtually. Traditionally, the AI winners are publicly recognized at the AI annual appraisers conference. This year’s event, originally scheduled for Orlando, Fla. was cancelled because of concerns surrounding the COVID-19 coronavirus. Read on to find out who this year’s winners are.
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Forbearance rates see big drop
Posted Date: Wednesday, October 21, 2020
The volume of mortgages in active forbearance saw its greatest decline since the pandemic began, according to new data released by Black Knight’s McDash Flash Forbearance Tracker. Read on to learn more.
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CoreLogic takeover battle seemingly has no end in sight
Posted Date: Wednesday, October 14, 2020
The verbal war is heating up.
Cannae Holdings and Senator Investment Group take a firmer stand on their intention to acquire CoreLogic.
Read on for more back-and-forth dialogue between the parties.
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In pandemic world, drones become a bigger asset
Posted Date: Wednesday, October 21, 2020
Technology has certainly become more advanced and innovative since the arrival of COVID-19.
With many restrictions in place for appraisers, drones have become an even bigger and more important device in the appraiser’s toolbox. We reached out to a drone expert to see how much more prevalent drone usage will be in the industry moving forward.
Read on to find out more.
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Appraisal firm expands with new hires
Posted Date: Wednesday, November 11, 2020
HYPERAMS, LLC has hired new personnel to grow the company’s appraisal division. Read on to find out who is joining the company.
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Lender company hires loan officer
Posted Date: Wednesday, November 11, 2020
Mortgage Network, Inc. has a new member in the company’s Boston branch office. Read on to learn the identity of the company’s new hire.
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‘Open-door policy’ may be a bad policy, appraiser says
Posted Date: Monday, November 9, 2020
Veteran appraiser Dustin Harris (“The Appraiser Coach”) said having an open-door policy is something he feels is talked about quite a bit in the business world.
But Harris said having such a policy won’t do appraisers, or their employees any favors.
Read on for more of his thoughts.
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CoreLogic launches new AVM
Posted Date: Monday, November 9, 2020
CoreLogic recently launched Total Home ValueX, a new automated valuation model (AVM) that eliminates the need for multiple AVMs. Read on to learn more about this latest appraisal technology.
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COVID 19 has FHA temporarily waiving HECM eligible NBS requirement
Posted Date: Monday, November 9, 2020
In connection with Federal Housing Administration-insured HECM loans, due to COVID-19, the agency recently announced a temporary partial waiver and a corresponding housing directive waiver of the deferral period requirement that an eligible non-borrowing spouse must, within 90 days from the death of the last surviving borrower, establish legal ownership or other ongoing legal right to remain for life in the property. Read on to learn more.
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AIC offers tips for property owners
Posted Date: Monday, November 9, 2020
During Financial Literacy Month, the Appraisal Institute of Canada (AIC) encourages property owners to do their own due diligence to determine the real value of their property. Read on for details on how this can be done.
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Valuation firm acquired by Stewart appraisal company
Posted Date: Monday, November 2, 2020
Stewart Appraisals Management, Inc., a subsidiary of Stewart Information Services Corp., has acquired Pro-Teck Services Ltd.
The acquisition strengthens and expands its scale in appraisal and valuation solutions, the company announced in a press release.
Read on for more information about this key industry acquisition.
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The story behind the object is the true value, conservator says
Posted Date: Monday, November 2, 2020
Valuation Review recently shared with its readers how value is determined regarding paintings.
But when it comes to special works on paper or books, how is authenticity validated? Northwestern University Libraries’ Chief Conservator Susan Russick told attendees at the 2020 American Society of Appraisers International conference how these items are viewed.
Read on to find out more.
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Best small cities in America for 2020 announced
Posted Date: Monday, November 2, 2020
With the COVID-19 pandemic forcing some Americans to vacate their residencies in big cities, the personal-finance website WalletHub released its report “2020’s Best Small Cities in America.” Read on to find out which places made the list.
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AMC names executive vice president
Posted Date: Monday, November 2, 2020
Incenter Appraisal Management has named Mark Walser executive vice president, the company announced. Read on to learn more.
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Greystone is top commercial lender for HUD-insured loans
Posted Date: Monday, November 2, 2020
Greystone revealed its No. 1 ranking based on volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development for the agency’s 2020 fiscal year ending Sept. 30, 2020, the company announced in a release. Read on to learn more.
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NAR study shows coronavirus' impact
Posted Date: Wednesday, October 28, 2020
A new study from the National Association of Realtors (NAR) is confirming many of the migration trends that had been anticipated as a result of the COVID-19 pandemic.
According to the NAR study, Americans under 40 (millennials and Generation Y) are most likely to say their overall quality of life has been negatively impacted by the pandemic, while they also note a reduced need to reside near highways, public transit, or their place of work.
Read on to learn more.
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LRES announces company promotion
Posted Date: Wednesday, October 28, 2020
LRES Corp. has promoted Cassie Vega to senior director of client experience. Read on to learn more about this hire.
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M&T Bank rates high among small-business lenders
Posted Date: Wednesday, October 28, 2020
M&T Bank ranks fifth in the nation for the Small Business Administration's fiscal year 2020, reflecting its commitment to helping small businesses and communities thrive by providing small-business owners with valuable expertise and flexible financing solutions, the company announced in a release. Read on to learn more.
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NewDay USA projecting more than doubling its revenue
Posted Date: Wednesday, October 28, 2020
NewDay USA said it will surpass its 2020 estimates more than doubling its revenue to over $300 million this year, up from $152 million in 2019. It is on pace to serve over 20,000 veteran families in 2020, the company announced in a release. Read on for more.
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CoreLogic report shows delinquency spike for July
Posted Date: Monday, October 26, 2020
The CoreLogic Loan Performance Insights report for July 2020 indicated a delinquency spike in the 120-day delinquency rate to 1.4 percent.
This represents the highest rate in quite some time.
Read on for more from the CoreLogic report.
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Appraisal organizations join forces to combat bias
Posted Date: Monday, October 26, 2020
Several appraisal organizations are combining their efforts in the attempt provide additional training addressing unconscious bias in valuation, according to a release from the Appraisal Institute. Read on to learn more.
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CUNA supports Fannie, Freddie housing goals for 2021
Posted Date: Monday, October 26, 2020
The Credit Union National Association remains strongly supportive of the Federal Housing Finance Agency’s efforts to ensure the Government-sponsored enterprises meet their public mission, it wrote to the agency T in response to a proposal outlining affordable housing goals for 2021. Read on to learn more.
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Commercial firm discusses capitalization rates for manufactured homes
Posted Date: Wednesday, October 21, 2020
JLL, by way of a detailed report, outlined all the particulars surrounding the manufactured home.
This included specific challenges and uncertainty when it comes to understanding the capitalization trends.
Read on for more information.
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Appraiser, analyst titles can be synonymous
Posted Date: Wednesday, October 21, 2020
The DataMaster webinar titled “5 Ways to Future-Proof Your Business” outlined many steps appraisers can take to keep businesses thriving.
One scenario sees the appraiser becoming an analyst for the client when necessary.
Read on for more from DataMaster as to how you can keep your business doors open for continued work.
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LRES welcomes valuations director
Posted Date: Wednesday, October 21, 2020
LRES Corp. recently welcomed a new member to its team. Read on to learn the identity of this new hire and hear comments from the company president.
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Mortech adds pricing integration for lender growth
Posted Date: Wednesday, October 21, 2020
Mortech, a Zillow Group business providing technology solutions for mortgage professionals, has integrated with Own Up, a mortgage marketplace dedicated to bringing transparency, clarity and a digital shopping experience to borrowers beginning their home financing search, the company announced in a release. Read on to learn more.
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JLL highlights manufactured housing in report
Posted Date: Monday, October 19, 2020
There is no question that when COVID-19 hit the country, serious challenges became immediately known to the real estate and valuation world.
In the manufactured housing sector, similar challenges needed to be dealt with. Valuation Review reached out to commercial firm JLL to discuss this matter and how it affects the various markets.
Read on for more.
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Veros: Home prices will continue rising despite pandemic
Posted Date: Monday, October 19, 2020
Veros Real Estate Solutions released its Q3 2020 VeroFORECASTSM data that anticipates home price appreciation will increase sharply during the next 12 months in the 100 most-populated markets.
Prices are predicted to rise 5 percent by Q3 2021 compared to last quarter when the average increase was only 3.5 percent, according to Veros.
Read on to learn more from this report.
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Agencies issue final rules on appraisals, LCR relief
Posted Date: Monday, October 19, 2020
The federal banking agencies finalized two rules intended to provide relief for financial institutions as a result of actions taken to aid in the coronavirus response, according to a report in the America Bankers Association Journal. Read on to learn more.
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ASC announces NOFA, FY21 budget
Posted Date: Monday, October 19, 2020
The Appraisal Subcommittee (ASC) recently shared its Notice of Funding Availability and the approval of its Fiscal Year 2021 (FY21) budget. ASC Executive Director Jim Park outlined the details of both. Read on to learn more.
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TAF announces new board members
Posted Date: Monday, October 19, 2020
The Appraisal Foundation (TAF) President David Bunton announced the organization’s new board members in a TAF newsletter. Read on for the names of those new members and hear what Bunton had to say about the appointments.
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