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News By Edition
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Valuation Review Edition
June 18, 2012
In the June 18, 2012, edition of Valuation Review, Technology is advancing the industry and you can hear the hope of opportunity in the industry voices. That’s not to say that everything is sun and fun. It’s going to take hard work to get the industry back on track, but the developing technology driven by the Uniform Collateral Data Portal (UCDP) is going to be the key to continued success in the appraisal space for lenders, appraisal management companies (AMCs) and appraisers alike. Also in this edition, we go inside the CVR 2.0, talk about the benefits of AMCs paying the full appraisal fee and feature a Q & A about the impact of the Dodd-Frank Act.
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Editorial: The hope of a new appraisal world
Posted Date: Wednesday, June 20, 2012
It’s a different world when you’re working on the road. Traveling to industry conferences, you’re transported to a world where possibility can become reality; where it’s more fun to talk about solutions than the problem. You’re plucked out of an environment of industry negativity, whisked away to a location teaming with positivity and, all at once, the ideas of tomorrow seem like the realities of today. For Valuation Review, it’s an opportunity to turn off the recorder and press the flesh
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Inside the CVR 2.0
Posted Date: Monday, June 18, 2012
If you’ve been following the Valuation Review coverage of the growing number of alternative valuations, you’ve no doubt heard of the collateral valuation report (CVR). In fact, the CVR’s popularity has grown so much that chances are you’ve probably been trained and completed a CVR or know an appraiser who has. The CVR was one small step for valuations, but the new update — CVR 2.0 — is positioned to be one giant leap for the industry.
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PMC 2012 Live Coverage: Impact of the new wave of appraisal technology
Posted Date: Monday, June 18, 2012
The beauty of the Ritz-Carlton's west coast beach in Dana Point, Calif., overcame the overcast sunrise as the invigorating sea breeze slipped into the main ballroom of the 2012 Predictive Methods Conference. A fitting scene for the appraisal industry that has been under a cloud of uncertainty, but the tide is shifting. Technology is advancing the industry and you can hear the hope of opportunity in the voices of the presenters.
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Time for AMCs to pay the full fee
Posted Date: Wednesday, June 13, 2012
The release of an industry white paper entitled “The Appraisal Management Company Full-Fee Hypothesis” is the first entry in a series that is planned to be written this year from Rick Grant, RGA Public Relations, and Jeff Schurman, Leading Causes LLC and former executive director of the Title Appraisal Vendor Management Association (TAVMA). The white paper is a bold step in the direction of appraisal management companies paying appraisers their full fee across the board.
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Inside the CVR 2.0, part 2
Posted Date: Monday, June 11, 2012
Simple design and interface was a huge focus for the CVR 2.0. The new interface looks more like traditional form software that appraisers are familiar with. Not only does this help the user feel more comfortable with the software, but it also shifts the training focus from the software to the regression theory that drives it.
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Paradigm shift: The appraiser point of view on Dodd-Frank
Posted Date: Wednesday, June 06, 2012
For many appraisers, the shift from working directly with lenders to working with third-party management companies happened almost overnight. With the introduction of the Dodd-Frank Act, appraiser business models and day-to-day responsibilities and requirements changed dramatically. David Eck, certified appraiser, who works selectively with Appraisal Logistics, walks us through this change, the benefits he has seen and the current business environment of appraising properties.
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Regional review: Ohio housing market experiences positive sales
Posted Date: Wednesday, June 06, 2012
Homes sales activity throughout Ohio continued to make gains in April, helping the marketplace post 10 consecutive months of positive sales, according to statistics provided by the state’s Multiple Listing Services. Sales of new and existing homes posted a 11.3 percent jump during the first four months of 2012 compared to the same period a year ago, reaching 30,609 sales compared to the 2011 result of 27,491.
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Freddie Mac requires new data elements for lenders
Posted Date: Wednesday, June 06, 2012
In 2009, Fannie Mae and Freddie Mac (the GSEs) communicated to lenders that beginning July 1, 2010, lenders would be required to deliver four new data elements: the appraiser’s state license number, supervisory appraiser’s state license number, loan origination company identifier and loan originator identifier.
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Interthinx National Mortgage Fraud Risk Index drops to lowest since 2009
Posted Date: Monday, June 04, 2012
Interthinx released its quarterly Mortgage Fraud Risk Report covering data collected in the first quarter of 2012. According to the most recent analysis, the national Mortgage Fraud Risk Index decreased by 4.3 percent from last quarter and 3.1 percent from one year ago, dropping below the 140 mark for the first time since the second quarter of 2009.
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CoreLogic reports 66,000 completed foreclosures
Posted Date: Monday, June 04, 2012
CoreLogic, a provider of information, analytics and business services, released its National Foreclosure Report for April, which provides monthly data on completed foreclosures and the overall foreclosure inventory.
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New developments in HHF program funds
Posted Date: Monday, June 04, 2012
While helping eligible borrowers refinance through the Home Affordable Refinance Program, one may be aware of programs developed by certain state Housing Financing Agencies that use Hardest Hit Fund program funds to help borrowers refinancing through HARP. Read on for more information.
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How to fight a blacklisting bully
Posted Date: Thursday, May 31, 2012
When you’re staring down the barrel of a large lending entity’s blacklist and threatened with legal action and appraisal reporting, it can be hard to stand your ground. Here are some tips to bringing down Goliath.
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Form and function: Appraising your online presence, part 2
Posted Date: Wednesday, May 30, 2012
All of that work on content could be for naught if you don’t focus on usability because the visitor might either get lost in the site or be turned off by its functionality and leave. It’s like a bad customer service experience ruining an otherwise tasty meal at a restaurant. You have about five to eight seconds to make an impact with you audience. Back to the front door, curb appeal concept: you don’t want your website to get stale.
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The blacklisting battle continues
Posted Date: Wednesday, May 30, 2012
What started as a blacklist whisper has turned into a deafening angry appraiser roar. In April, CBS 5 News, a local Arizona-based CBS news syndicate, broke a story about an appraiser who was allegedly put onto JPMorgan Chase’s ineligible list and was effectively put out of business by the black mark on his reputation. After that, appraisers came out of the woodwork with their own blacklist experiences, and it doesn’t stop with Chase.
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Ellie Mae awarded U.S. patent for enterprise security management
Posted Date: Wednesday, May 30, 2012
Ellie Mae, a provider of enterprise level, on-demand automated solutions for the residential mortgage industry, announced that the United States Patent and Trademark Office has issued the Company a patent for an advanced security model that enables managers, loan officers and processors to securely access critical loan files and documents online. Read on for more information about the patent.
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ASB moves forward with USPAP revisions
Posted Date: Wednesday, May 30, 2012
The Appraisal Standards Board has issued the First Exposure Draft of proposed changes for the 2014-2015 edition of the Uniform Standards of Professional Appraisal Practice. Read on for more information about the draft.
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