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News By Edition
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Valuation Review Edition
April 9, 2012
In the April 9, 2012, edition of Valuation Review, elevate your appraisal with tips for improving valuation quality and service while minimizing appraisal headaches. Also in this issue, appraisers take the stand in Law and Order: Special Valuation Unit, housing affordability index hits record high, valuation tech expert launches consulting firm and clear capital introduces a new valuation tool. All that and more in this edition of Valuation Review.
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The three points of appraisal professionalism: Reports, service and conduct
Posted Date: Wednesday, April 04, 2012
Tired of having your reports sent back for review? Looking for advice on how to best serve your client and present yourself to the homeowner? Join Valuation Review Editor Jason Morgan and Veros Real Estate Solutions Director of Valuation Services Bill King for a Twitter chat about the new standards for independent appraisers on April 10 at 1:30 p.m. EST.
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Communicating the appraisal: Adding value to your valuation
Posted Date: Monday, April 02, 2012
USPAP defines the report as “communication of the appraisal transmitted to the client upon completion of the assignment.” The implication is that filling out the form doesn’t ensure a quality appraisal report. Clients expect reports to go beyond the form.
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Worth the ride: A reader response to “The aging appraiser”
Posted Date: Monday, April 02, 2012
Valuation Review’s “The aging appraiser” cover story has elicited its fair share of responses from the appraiser community. Perhaps none as passionate as a letter that made its way to Valuation Review’s inbox from Johnny Mann., an appraiser from Cedar Park, Texas.
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Appraisal service from the client's point-of-view
Posted Date: Wednesday, March 28, 2012
So what makes the perfect appraisal? There are two elements, according to Danna. The first is good, reliable service and the second is a quality report. Good, reliable service is relatively simple -- it’s timeliness and open communication throughout the process. Producing a quality appraisal report is more complex.
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CoreLogic introduces HARP 2.0 refinance data services
Posted Date: Wednesday, March 28, 2012
CoreLogic launched a new service to help originators identify potential Home Affordable Refinance Program 2.0 (HARP 2.0) refinance prospects. The HARP 2.0 program was introduced in late 2011 to assist qualified underwater homeowners in refinancing their mortgages. CoreLogic leverages a proprietary database, patented valuation technologies, comprehensive lien information and new patent-pending analytics to identify more than 2.3 million borrowers with a ‘strong likelihood’ of potential eligibility for refina
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Freddie Mac: UCDP is in full effect
Posted Date: Wednesday, March 28, 2012
It should come as no surprise that the Uniform Collateral Data Portal is now in effect. Freddie Mac sent out a reminder to all that it’s now up to the lending community to ensure that appraisals comply with the new requirements.
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Clear Capital launches new valuation tool
Posted Date: Wednesday, March 28, 2012
Clear Capital launched ClearQC, a fully hosted service to automate the review of BPO and appraisal reports. The system brings new levels of speed and intelligence to the valuation review process, with refined business rules and multiple data perspectives to create the a progressive automated review service.
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The evolution of compliance: How to adapt your business
Posted Date: Tuesday, March 27, 2012
Appraisers are no strangers to the Home Valuation Code of Conduct (HVCC). Most will tell of the trials and tribulations that led to its implementation and present day horror stories that surround the regulations. In the quest for the perfect appraisal – compliance is key.
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VeroFORECAST shows improvement in HPI
Posted Date: Tuesday, March 27, 2012
Veros Real Estate Solutions’ VeroFORECAST real estate market forecast showed that the recovery in the housing market is forecast to accelerate for the 12-month period from March 1, 2012, to March 1, 2013.
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Pending home sales ease, but higher than last year
Posted Date: Monday, March 26, 2012
Pending home sales were down slightly in February, but remain notably above the pattern in the first half of last year, according to the National Association of Realtors.
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Summit Early Bird pricing ends this week
Posted Date: Monday, March 26, 2012
Excitement is growing for the 2012 National Settlement Services and Compliance Summit, and October Research is pleased to announce that Early Bird prices remain open this week for all those registering for the Summit. But title and settlement services professionals wishing to benefit from this special Summit rate must do so by March 31.
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HARP hypes refinance, overall activity falls
Posted Date: Monday, March 26, 2012
Mortgage applications decreased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 16.
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Modesto developer arrested in mortgage fraud scheme
Posted Date: Wednesday, March 21, 2012
Not a good day for a Modesto, Calif., real estate developer who was arrested after a federal grand jury returned an indictment against her on March 15, 2012 -- charging her with two counts of mail fraud and two counts of aggravated identity theft. She allegedly provided the city with fictitious contracts of potential sales of a fully developed property to support a higher appraisal of the property.
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Valuation tech expert launches new consulting firm
Posted Date: Wednesday, March 21, 2012
An industry expert in valuation technology and data launched a new consultancy aimed at helping lenders and appraisers work together more effectively to meet the challenges of today's market. Read on for the details.
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February month-end data shows decline in delinquencies and foreclosures
Posted Date: Wednesday, March 21, 2012
Lender Processing Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, reported the following "first look" at February 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.
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Do you see the value in going green? The APB wants to hear from you
Posted Date: Wednesday, March 21, 2012
The Appraisal Practices Board issued a solicitation for subject matter experts to assist in the research and development of voluntary guidance on the Valuation of Green Buildings – Background Competence. The SME panel chosen to address this topic will accomplish its goal by, at a minimum, gathering, citing and researching all existing literature and publications.
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Cloud control: Coester Appraisal Group launches new appraisal management technology
Posted Date: Monday, March 19, 2012
Coester Appraisal Group launched Cloud Control, its new appraisal management software built on the award-wining platform of Salesforce.com. Cloud Control enables lenders to customize their appraisal processes with almost limitless customization — users can create business rules to automate virtually any function, from protecting standards through firewalls and safeguards to business-unique sales and marketing activities that help companies generate new business in addition to enhancing compliance and effici
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Updated agenda for PMC2012 announced
Posted Date: Monday, March 19, 2012
The 2012 Predictive Methods Conference, an educational platform in the mortgage industry that addresses trends and issues surrounding collateral risk analytics, valuation risk management, as well as the appropriate use of mortgage technology, announced its updated agenda for its June 4-6 conference in Southern California.
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Appraisal Institute advises U.S. Sentencing Commission to require appraisals
Posted Date: Monday, March 19, 2012
Speaking at a hearing in Washington, D.C., the Appraisal Institute urged a federal judicial agency to require the use of real estate appraisals when calculating loss in mortgage fraud cases. The Appraisal Institute is the nation’s largest professional association of real estate appraisers.
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