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News By Edition
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Valuation Review Edition
October 19, 2020
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What is going on in valuation? Industry vet has some answers
Posted Date: Monday, October 5, 2020
Veteran appraiser Matt Simmons, partner at Maxwell, Hendry & Simmons, who has expertise in both residential and commercial appraisal matters, sat down with Valuation Review to share his many thoughts as to the current status of the appraisal profession.
Simmons covered quite a few bases, giving detailed insight that can benefit appraisers.
Read on for more details of our conversation.
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Valuations are going to get better, appraisers are here to stay, CEOs say
Posted Date: Monday, September 28, 2020
Two companies have entered into a global strategic partnership, combining industry leading commercial real estate appraisal technology with an embedded compliance technology. Valuation Review spoke with Realquantum CEO Jeff Weiner and Value Connect Inc. CEO Chris Bisson to talk about this partnership.
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TAF spells out initiatives for diversity growth and bias elimination within the industry
Posted Date: Monday, October 5, 2020
The Appraisal Foundation (TAF) President Dave Bunton spelled out specific new initiatives to increase diversity and combat bias in the appraisal profession in an article he wrote titled “Combating Discrimination in the Appraisal Profession.”
Valuation Review reached out to TAF to share Bunton’s thoughts.
Read on to learn more of what the organization’s president had to say.
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The challenges associated with CRE valuations
Posted Date: Monday, October 12, 2020
Valuation Review spoke with Brian Velky, managing director of SitusAMC’s Real Estate Valuation Services group, about commercial real estate (CRE) regarding retail, offices, hotels, multi-family, and others.
Velky rated these properties from least to the most difficult of CRE valuations.
Read on for more of our conversation.
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AQB releases second Exposure Draft on PAREA
Posted Date: Monday, September 28, 2020
The Appraiser Qualifications Board (AQB) of The Appraisal Foundation (TAF) recently released its second Exposure Draft concerning the Practical Applications of Real Estate Appraisal (PAREA).
TAF’s Vice President of Appraisal Issues Lisa Desmarais and AQB Chairman Mark Lewis hosted a webinar outlining some of the components of the draft.
Read on to learn more.
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Clear Capital develops new real estate/mortgage solution
Posted Date: Monday, September 28, 2020
Clear Capital has introduced ClearLabs, an in-house innovation lab set out to solve the real estate and mortgage industry’s most pressing challenges, the company announced in a release. Read on to learn more.
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Global DMS integrates appraisal tech software
Posted Date: Wednesday, October 7, 2020
Global DMS has integrated its new EVO platform, valuation technology that shatters the constraints of yesteryear software designs, with ProxyPics to provide its clients with a secure method of facilitating the delivery of photographs of a subject property when access to the property is unavailable, the company announced in a release. Read on for more details.
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Lending platform provides consumer credit access, data
Posted Date: Monday, July 6, 2020
Roostify established a new relationship with Factual Data as part of an expansion that will allow loan officers to run borrower credit and view findings within the Roostify platform, the company announced. Read on to learn more.
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Tech tool assists all in the appraisal process
Posted Date: Wednesday, October 14, 2020
For the appraiser, customer and lender, user-friendly technology can be of great value, especially with the many new guidelines applied to the business stemming from the pandemic.
One veteran CEO explains how his business is helping appraisers keep their businesses moving forward in a compliant manner.
Read on for more.
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BBG executive advises property investors, owners to take advantage of tax benefits
Posted Date: Wednesday, October 14, 2020
Valuation Review caught up with BBG’s Managing Director (New York office) Eric Haims, who shared his thoughts on how investors and owners should take advantage of the current real estate tax benefits.
Such advisement can help individuals avoid potentials changes in tax codes that could come after the November election.
Read on for more from Haims.
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Petition clears first hurdle putting USPAP through California rulemaking
Posted Date: Wednesday, October 14, 2020
A petition to the State of California to submit the 2020-2021 version of the Uniform Standards of Professional Appraisal Practice to a required notice-and-comment rulemaking cleared its first hurdle, as announced in a press release. Read on to find out more.
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ProxyPics recruits new team member
Posted Date: Wednesday, October 14, 2020
ProxyPics recently appointed Brett Karol as vice president of strategic operations, the company announced in a release. Read on to learn more.
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CEO notes appraisal technology upgrades must take place
Posted Date: Monday, October 12, 2020
One industry expert suggests that when it comes to technology, many appraisers are still stuck in the past as far as what they are using. Many might even be using devices they came to know as trainees.
Anow founder and CEO Marty Haldane shared with Valuation Review his thoughts on technology for appraisers, especially during a pandemic, and talked a little about his company’s product appraisers might want to look at.
Read on for more of our conversation.
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NAR: Existing-home sales up
Posted Date: Monday, October 12, 2020
Existing-home sales continued to climb in August.
This marks three consecutive months of positive sales gains, according to the National Association of Realtors (NAR).
Read on for more information from NAR.
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Retail, commercial bank adopts Roostify solution
Posted Date: Monday, October 12, 2020
Santander Bank has partnered with Roostify on its digital home lending platform to provide a more convenient way for customers to apply for the bank’s home lending services. Read on to learn more.
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FHFA adjusts deadline for purchase of qualified loans
Posted Date: Monday, October 12, 2020
The Federal Housing Finance Agency said that Fannie Mae and Freddie Mac will extend the purchases of qualified loans in forbearance, as well as other previously introduced loan-origination flexibilities related to the national pandemic crisis, until October 31. Read on to learn more.
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Zillow: Home fall sales to peak, remain above pre-pandemic levels
Posted Date: Wednesday, October 7, 2020
Following a hot summer, home sales are expected to peak this fall then taper off through 2021.
These numbers, though, are still staying above pre-pandemic levels, according to Zillow’s latest sales and price forecast.
Read on to learn more of the numbers.
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Veteran appraiser discusses supplemental standards, other property matters
Posted Date: Wednesday, October 7, 2020
Appraiser Matt Simmons, partner at Maxwell, Hendry & Simmons, outlined more specifics for appraisers to keep an eye on, especially during the pandemic conditions.
He also gave insight as to what appraisers can look forward to down the road.
Read on for more.
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Real Estate Roundtable CEO talks Main Street to committee
Posted Date: Wednesday, October 7, 2020
A hearing took place before the Senate Banking Committee on the effectiveness of Federal Reserve facilities created through the CARES Act.
The Real Estate Roundtable President and CEO Jeffrey DeBoer told the committee how changes to the Main Street Lending facility could benefit industry and businesses.
Read on to find out more.
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Valutrust Solutions welcomes new executive
Posted Date: Wednesday, October 7, 2020
Valutrust Solutions, LLC announced that Brandon Melanese has joined the company as vice president of sales and marketing, according to a company release. Read on to learn more.
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