|
Appraisal groups’ debate could change regulatory future
Posted Date: Wednesday, June 24, 2015
Leaders at The Appraisal Foundation and the Appraisal Institute are working to galvanize support for two very different ideas about how appraisers should be regulated at the federal and state levels. Their efforts highlight not only the philosophical differences between the two groups, but among the appraisal profession and legislators as well. Read on to find out the details of their proposals and what the movements could mean for the way appraisers are held accountable and asked to remain compliant in the coming years.
|
|
|
Federal agencies finalize AMC rule
Posted Date: Thursday, June 18, 2015
A recent final rule announced by federal regulators provides for state registration and supervision of appraisal management companies, a requirement mandated by the Dodd-Frank Act. Read on to find out what the regulation, which takes effect in August, means for AMCs, appraisers and federal and state regulators.
|
|
|
IVSC, Appraisal Foundation harmonize USPAP, IVS differences
Posted Date: Monday, June 22, 2015
The International Valuation Standards Council and the Appraisal Foundation will create a “bridge document” to squash any remaining differences between the International Valuation Standards and Uniform Standards of Professional Appraisal Practice in an effort to bolster international commerce.
|
|
|
FHA releases EAD registration info, resources
Posted Date: Monday, June 22, 2015
If you’re a mortgagee preparing to migrate your appraisal data and reports to the Federal Housing Administration’s new Electronic Appraisal Delivery portal, FHA has a checklist and registration dates for you. Read on for the details.
|
|
|
Board chairman goes to bat for chief appraiser
Posted Date: Thursday, June 18, 2015
The chairman of a New York county assessors’ board told county commissioners the chief appraiser deserves a raise. The appraiser has been on the job 42 years, but is paid far less than a nearby county appraiser with less work, the chairman said. Read on for the details.
|
|
|
NAHB economist brings good news on housing
Posted Date: Monday, June 15, 2015
National Association of Homebuilders Chief Economist David Crowe had good news on the housing market for webinar attendees Monday, and even spent some time to talk TRID. Read on for the details of his presentation.
|
|
|
Purchase loan share, closing time rise in May
Posted Date: Monday, June 22, 2015
Purchase loans continued to outpace refinances in May, according to the latest report from Ellie Mae. But the most interesting part of the report could be the length of time it is taking to close loans. Read on for the details.
|
|
|
Rising home prices add equity to market
Posted Date: Monday, June 22, 2015
A new report from CoreLogic shows the number of residential properties with equity continued to rise in the first quarter of 2015. The data-service company attributed the move in part to a 2.5 percent rise in its home price index in the quarter. Read on to see how many properties have regained equity.
|
|
|
Kansas county appraiser appeals termination
Posted Date: Wednesday, June 24, 2015
A district court in Kansas recently issued a decision in an appeal filed by a county appraiser who alleged he was wrongfully terminated by county commissioners for failing or neglecting to perform the duties of his office. What was the appraiser accused of, and what did the court decide? Read on to find out.
|
|
|
Texas governor signs appraisal bill into law
Posted Date: Thursday, June 18, 2015
Texas appraisers will ring in the New Year on Jan. 1, 2016, with revisions to the state’s appraiser licensing and certification law. That’s when changes to existing Texas state appraiser requirements take effect, now that Gov. Greg Abbott has signed Senate Bill 1007 into law. Find out what the new law means for both the Texas Appraiser Licensing and Certification Board and appraisers who value property in the Lone Star State.
|
|
|
Florida county appraiser sues Sea World
Posted Date: Monday, June 22, 2015
The office of a Florida county appraiser is suing SeaWorld Orlando. Read on to find out what the dispute between the office and the theme park entails.
|
|
|
Filing: CFPB investigated Bankrate checker before releasing its own
Posted Date: Wednesday, June 24, 2015
A recent Securities and Exchange Commission filing by Bankrate, Inc., showed that months before the Consumer Financial Protection Bureau released its mortgage rate checker online, it was investigating Bankrate over its own online checker. Bankrate said in the filing that the investigation could lead to an enforcement action. What did the bureau learn, and when? Read on to find out.
|
|
|
Fannie says it will drop DU fees
Posted Date: Wednesday, June 24, 2015
Fannie Mae announced that it will eliminate fees on its Desktop Underwriter and Desktop Originator tools. The government-sponsored enterprise said it is looking to provide “extraordinary value” to its partners. Read on for all the details about the plan.
|
|
|
Product aims to increase quality of HELOC, REO, second appraisal valuations
Posted Date: Monday, June 22, 2015
Valuation Advantage Desktop Appraisal, a joint offering of Bradford Technologies and ISGN Corp., supports a third-party property inspection. The companies say it will produce a significantly higher-quality and more reliable valuation compared to an AVM or other non-appraiser valuation products.
|
|
|
LRES improves turnaround, quality with integration
Posted Date: Wednesday, June 24, 2015
LRES said that a complete integration with an appraisal technology partner has improved turnaround time by 15 percent and quality by 25 percent. Read on to find out the details of the partnership and integration that is helping appraisers do their jobs more effectively and efficiently.
|
|
|
Official proposal: TRID starts Oct. 3
Posted Date: Wednesday, June 24, 2015
The proposed new effective date for the TILA-RESPA Integrated Disclosure rules will be Oct. 3, the Consumer Financial Protection Bureau announced. If you’re interested in putting your two cents’ worth in on the change, though, you’d better act fast. Comments will be accepted only through July 7. Read on to find out why the bureau moved the date, why it chose Oct. 3, and what parties it believes will gain the greatest benefits from the delay.
|
|
|
Canada elects new leader, board members to its Appraisal Institute
Posted Date: Thursday, June 18, 2015
The new president of the Appraisal Institute of Canada is a bilingual appraiser with more than 30 years of professional experience. The trade association also inducted several other new board members and honored other appraisers for their contributions to the profession at its recent annual conference.
|
|
|
TRID date pushed back to Oct. 1
Posted Date: Wednesday, June 17, 2015
At 5 p.m. June 17, the Consumer Financial Protection Bureau issued a statement that the effective date for the TILA-RESPA Integrated Disclosure (TRID) rules would be pushed back to Oct. 1, 2015.
|
|
|
Appraisal Institute joins call for TRID hold-harmless bill
Posted Date: Monday, June 15, 2015
Over the past months, industry groups and associations have beat the drum louder to try and get the Consumer Financial Protection Bureau to introduce a restrained enforcement period for TRID rules after Aug. 1. The Appraisal Institute joined the latest push in a letter to Congress. Read on for the details.
|
|
|
Candidate for Florida county appraiser drops out of race
Posted Date: Monday, June 15, 2015
An Orange County, Fla., commissioner who ran against the incumbent county property appraiser withdrew his candidacy this week, saying that in his current position, he is in a position to assess the appraiser’s budget, but also questioning whether he is misusing taxpayer funds. Find out what his specific concerns are about his former opponent’s spending.
|
|
|
a la mode integrates DataMaster with TOTAL
Posted Date: Monday, June 15, 2015
If you already use a la mode’s electronic data transfer or form-filling solutions, you won’t want to miss out on this new functionality. Find out what new features the combined solution offers.
|
|